DAILY NEWS

Daily News – 07 Jan 2020

Singapore Real Estate

Singapore property players spared from crisis so far
Australia’s metropolitan areas have so far been spared the brunt of raging bushfires, offering respite to a number of Singapore real estate players with a slate of assets Down Under. “To date, the bushfires have only impacted rural and regional Australia,” noted a spokesman for Ascendas Reit (A-Reit), which has logistics and office properties in and around the urban centres of Sydney, Melbourne and Brisbane, plus Perth in the west.
https://www.businesstimes.com.sg/companies-markets/singapore-property-players-spared-from-crisis-so-far

Investors in Australian real estate unlikely to be put off by wildfire crisis
Institutional investors – including those from Singapore – are unlikely to be put off from investing in Australian real estate despite the months-long devastating wildfires which have razed a wide swathe of the south-eastern part of the country. Some six million hectares of forest, bush and parks have been burned mainly in New South Wales (NSW), Victoria and South Australia.
https://www.businesstimes.com.sg/government-economy/investors-in-australian-real-estate-unlikely-to-be-put-off-by-wildfire-crisis

S-Reits key driver of market turnover in 2019: SGX
It was a year of milestones for Singapore real estate investment trusts (S-Reits) as well as stapled and property trusts. Not only did they hit a record in secondary fundraisings and outpace the broader market, they also contributed a quarter of the total day-to-day turnover of Singapore’s stock market, despite only making up 12 per cent of the total stock market capitalisation at the end of 2019.
https://www.businesstimes.com.sg/companies-markets/s-reits-key-driver-of-market-turnover-in-2019-sgx

Green Court along Geylang Rd up for en bloc sale; owners expect more than S$28m
Green Court will be launched for collective sale on Jan 7, with its owners expecting offers above their reserve price of S$28 million, marketing agent Knight Frank Singapore announced on Monday. The tender for the freehold mixed-use redevelopment site along Geylang Road will close at 3pm on Feb 19.
https://www.businesstimes.com.sg/real-estate/green-court-along-geylang-rd-up-for-en-bloc-sale-owners-expect-more-than-s28m
https://www.straitstimes.com/business/property/green-court-along-geylang-rd-up-for-en-bloc-sale-with-reserve-price-of-28m

Singapore Economy

Parliament: Total employment in 23 key industries up 19,500 from 2015 to 2018
Total employment in 23 key industries in Singapore with blueprints to help them transform grew by 19,500 between 2015 and 2018, Minister of State for Manpower Zaqy Mohamad told Parliament yesterday. This was made up of an increase in employment of Singaporeans by 39,300, and of permanent residents by 8,600. There was also a decrease in employment of foreigners by 28,500, he added.
https://www.straitstimes.com/politics/total-employment-in-23-key-industries-up-19500-from-2015-to-2018