The Leading Professional and Representative Body for the Real Estate Industry

The Leading Professional and Representative Body for the Real Estate Industry



Daily News – 8th September 2017

Top Story

HDB ties up with universities to boost productivity, design
The Housing and Development Board (HDB) will be working with two local universities to boost its construction productivity and better tailor its neighbourhood designs to residents’ needs.  On Thursday at the International Housing Forum on sustainable urban development, the agency signed two research and development agreements with the Nanyang Technological University (NTU) and Singapore University of Technology and Design (SUTD) worth S$10.7 million.

Singapore Economy

Bet on Indonesia’s long-term growth, says business chief
It is no surprise that Indonesia is the overseas market with the highest level of interest among Singapore companies today, Singapore Business Federation (SBF) chairman Teo Siong Seng said on Thursday.  “Many economic indicators are pointing to Indonesia’s positive GDP (gross domestic product) growth. There is also a strong push by the Indonesian government to improve the investment environment for foreign investors.

Razer delivers on proposal for universal e-payment system in Singapore
Singapore’s move towards a cashless society got a fillip on Thursday, as tech firm Razer submitted the proposal it promised for a unified e-payments system, and Alibaba said it has launched its mobile payment service, Alipay, at Changi Airport.  In Razer’s proposal – parts of which were made public in an executive summary – the company proposed to develop and deploy a new e-payment solution, RazerPay.

Singapore Real Estate

HDB resale prices dip 0.7% y-o-y in Aug: SRX
Resale prices of Housing & Development Board (HDB) flats slipped 0.7 per cent year on year in August while the volume of resale transactions rose 3 per cent over the same period, flash estimate by SRX Property for last month shows.  According to the SRX Property data, 1,957 HDB flats were resold in August 2017, compared with 1,900 in August 2016.

Changi Garden latest to hop on en bloc train
Another en bloc aspirant has joined the hopefuls. The residents of Changi Garden have agreed to put up their nearly 40-year-old property for collective sale by public tender on Thursday. Their asking price is S$196 million, which translates to about S$700 per square foot per plot ratio.  Going by this amount, an apartment owner will receive S$1.69 million to S$1.79 million. Penthouse owners will receive S$3.18 million to S$3.74 million, and shop owners S$3.7 million to S$5.5 million.

Companies’ Brief

Kendal Industrial Park has drawn US$475m in investments to date
The industrial park jointly developed by Singapore’s Sembcorp Development and Indonesia’s industrial estate developer PT Jababeka has been doing well since its official opening 10 months ago, Prime Minister Lee Hsien Loong said on Thursday.  The 2,700 ha Kendal Industrial Park, also known as Park by the Bay, is in Semarang, a bustling port city in the north-east of Central Java.

Global Economy & Global Real Estate

Sale of Brooklyn housing complex raises potential conflict of interest for Trump

UK monthly house price growth hits 8-month high

China bear loses his shorts betting against the yuan

Liaoning is China’s hotbed for shadow loans

Young people take to ‘co-living’ amid Hong Kong housing crunch

Japan’s seniors develop yen for Reits to fight banks’ paltry rates

Japan’s Q2 economic growth revised down from stellar first reading

Mumbai residents refuse to leave unsafe buildings

Additional Articles of Interest – Local & Overseas Real Estate

Local & Overseas Real Estate – Full Article

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