Singapore Real Estate
Katong Shopping Centre relaunches collective sale with unchanged S$638 million reserve price
Freehold Katong Shopping Centre has been relaunched for collective sale at the same reserve price of S$638 million, after its recent en bloc bid closed in May without a sale. This makes it the fourth en bloc attempt for the owners of Katong Shopping Centre. The development was first put up for sale in 2016 and 2017 at S$630 million.
https://www.businesstimes.com.sg/property/katong-shopping-centre-relaunches-collective-sale-unchanged-s638-million-reserve-price
https://www.straitstimes.com/business/katong-shopping-centre-relaunches-collective-sale-with-unchanged-638-million-reserve-price
https://www.channelnewsasia.com/singapore/katong-shopping-centre-relaunched-en-bloc-collective-sale-edmund-tie-3618256
https://www.edgeprop.sg/property-news/katong-shopping-centre-relaunched-collective-sale-unchanged-price-638-mil
Singapore office Reits expected to stay resilient despite headwinds for global office landlords
Despite signs of cooling in Singapore’s Central Business District (CBD) office rents, real estate investment trust (Reit) analysts believe local office landlords will remain more resilient than those with overseas assets.
https://www.businesstimes.com.sg/companies-markets/reits-property/singapore-office-reits-expected-stay-resilient-despite-headwinds
Singapore Economy
Singapore rolls out initiatives to capture new digital jobs in supply chain management
Singapore – There will be 700 new jobs for professionals, managers, executives and technicians (PMETs) requiring advanced digital knowledge and skills in supply chain management (SCM) from now until 2025, as more such businesses set up in Singapore to serve the region.
https://www.straitstimes.com/business/economy/singapore-rolls-out-talent-initiatives-to-capture-new-digital-jobs-in-supply-chain-management
Pre-pandemic inflation levels out of reach without further moderation of wages
Singapore – Inflation looks to have tapered after touching recent 14-year highs, due to a decline in food and energy prices, and lower demand for goods such as electronic devices and home appliances.
https://www.straitstimes.com/business/pre-pandemic-inflation-levels-out-of-reach-without-further-moderation-of-wages
Global Economy & Real Estate
US Fed closing in on end of rate hiking cycle, central bank officials say
https://www.businesstimes.com.sg/international/us-fed-closing-end-rate-hiking-cycle-central-bank-officials-say
US Fed official calls for increase to bank capital requirements
https://www.businesstimes.com.sg/companies-markets/banking-finance/us-fed-official-calls-increase-bank-capital-requirements
Dollar slips as Fed hike cycle nears end; focus on US inflation
https://www.channelnewsasia.com/business/dollar-slips-fed-hike-cycle-nears-end-focus-us-inflation-3619951
UK two-year fixed mortgage rates close to post ’mini-budget’ peak
https://www.businesstimes.com.sg/property/uk-two-year-fixed-mortgage-rates-close-post-mini-budget-peak
UK food prices squeeze consumers in June, hot weather boosts summer spending: BRC
https://www.businesstimes.com.sg/international/uk-food-prices-squeeze-consumers-june-hot-weather-boosts-summer-spending-brc
NY Fed survey finds waning near-term inflation expectations
https://www.businesstimes.com.sg/international/ny-fed-survey-finds-waning-near-term-inflation-expectations
China extends pressure on lenders to help beleaguered developers
https://www.businesstimes.com.sg/property/china-extends-pressure-lenders-help-beleaguered-developers
PBOC extends policies for financial support of real estate market
https://www.businesstimes.com.sg/property/pboc-extends-policies-financial-support-real-estate-market
https://www.straitstimes.com/business/china-to-extend-policies-to-support-ailing-property-market
https://www.theedgesingapore.com/news/china-focus/china-extend-policies-support-ailing-property-market
Hong Kong’s easing of mortgage rules boosts visitors to home launches but not deals
https://www.businesstimes.com.sg/property/hong-kongs-easing-mortgage-rules-boosts-visitors-home-launches-not-deals
https://www.channelnewsasia.com/business/hong-kongs-easing-mortgage-rules-boosts-home-visitors-not-deals-3618491
https://www.scmp.com/business/article/3227210/hong-kong-mortgage-changes-attract-interest-property-experts-forese
-limited-impact-home-prices
BOK to hold base rate at 3.50% on Thursday, rate cut call pushed to 2024: Reuters poll
https://www.channelnewsasia.com/business/bok-hold-base-rate-350-thursday-rate-cut-call-pushed-2024-reuters-poll-3619911
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