The Leading Professional and Representative Body for the Real Estate Industry

The Leading Professional and Representative Body for the Real Estate Industry



Daily News – 12 Jan 2023 (Thu)

Singapore Real Estate


One Holland Village Residences achieves 80% residential sales
The consortium behind One Holland Village has sold 237 out of 296 units or 80 per cent of the project’s residential component since sales started in November 2019, describing the sales as “a strong take-up” rate.


Row of Joo Chiat shophouses for sale at S$62m indicative price
A row of five adjoining two-storey shophouses, located at a corner plot of Joo Chiat, has been put up for sale at an indicative price of S$62 million. This translates to about S$12.4 million per shophouse.


Bagnall Court at Upper East Coast Road sold to consortium for S$115.3m
Bagnall Court, a freehold condominium located at Upper East Coast Road, has been sold for S$115.3 million, lower than its guide price of S$125 million. Over 80 per cent of owners had consented to the collective sale tender, which launched in September last year and closed on Oct 26. It was later sold during the 10-week private treaty period.


Chinese homebuyers to gradually return to Singapore market as travel restrictions ease: Huttons
Mainland Chinese buyers are expected to return to Singapore’s housing market, albeit gradually, as border restrictions ease in China, according to real estate consultancy Huttons Asia.


Home auctions by banks, distressed owners expected to rise in 2023: Property experts
Singapore – More private residences are expected to be put up for auction by banks and distressed owners this year should the economy slow further and higher mortgage rates start to hurt more home owners, said property experts.


Punggol BTO residents also complain of mouldy facade; HDB says all new flats get 2 coats of algae-resistant paint
Singapore — Residents at another relatively new Build-to-Order (BTO) project in Sumang Lane at Punggol West are complaining about mouldy facades, following a similar report of mould in BTO project Anchorvale Parkview in Sengkang.



Companies’ Brief


Mapletree Investments, PAG to acquire Goldin Financial Global Centre for HK$5.6b
Mapletree Investments and Hong Kong-based investment firm PAG have entered into an agreement on Thursday (Jan 12) to form a 50:50 joint venture to acquire Goldin Financial Global Centre (GFGC) in Hong Kong for HK$5.6 billion (S$953.7 million).


BlackRock plans to cut 500 jobs in first retrenchment since 2019
BlackRock plans to dismiss about 500 employees, roughly 2.5 per cent of its global workforce after the world’s biggest asset manager grappled with sharp declines last year in equity and bond markets.



Global Economy & Real Estate


Global economic outlook challenging in ‘shock-prone’ 2023, but China reopening offers hope: forum


WHO says COVID-19 variant XBB.1.5 may be driving cases


US mortgage rates decline to 6.42%, first drop in three weeks


US housing market funk has lumber traders expecting rally to fizzle


Australia trade surplus tops forecasts at A$13.2b in November


Businesses prepare to invest in China again following relaxation of strict COVID-19 curbs


China factory deflation continues as Covid-19 outbreaks spread


China’s consumer inflation accelerates in December, PPI falls with soft demand


China outbound flight bookings at 15% of pre-pandemic levels despite recent surge: ForwardKeys


WHO working with China on Lunar New Year Covid risks but lacks data


John Lee vows ‘fast’ return to normalcy for Hong Kong as Asian Financial Forum kicks off


South Korea set for one more rate hike as risks mount


Disclaimer & Note:

Real Estate Developers’ Association of Singapore (REDAS) does not warrant the accuracy, adequacy or completeness of the information and expressly disclaims liability for errors or omissions therein. The content, accuracy, and opinions expressed are not investigated, verified, monitored, nor endorsed by REDAS. Every effort is taken to ensure that all information extracted is correct at the time of dissemination.


The Daily News is issued as news gathering for the convenience and benefits of REDAS’ members only and not for mass circulation. Members are advised to exercise discretion in the use and dissemination of the information. The news links are time-sensitive and require registration of fee-based digital subscriptions.


Scroll to Top