The Leading Professional and Representative Body for the Real Estate Industry

The Leading Professional and Representative Body for the Real Estate Industry



Daily News – 13, 14 & 15 Aug 2022 (Sat, Sun & Mon)



Retail investors’ muted response to S’pore’s 1st sovereign green bond expected given long tenor: Analysts
Singapore – The muted response from retail investors to Singapore’s inaugural sovereign green bond was expected given the product’s 50-year tenor, analysts said. The lengthy period before the bond matures seems daunting to many individuals but is seen as being more appropriate to institutional investors such as pension funds and insurance companies that have long-term investment horizons.

Construction firms boost hiring, wages as industry recovers from pandemic
Singapore – Construction companies here are ramping up their hiring and bumping up salaries, as the sector recovers from its worst-hit days at the peak of the Covid-19 pandemic.

Why workers are still dying – and what Singapore is doing about it
Despite stepped-up inspections and tightening of workplace safety controls, the number of workplace-related deaths has gone up. Insight looks at what needs to be done to strengthen workplace safety for the long haul.



Ascott Trust plans to buy 9 overseas properties; launches private placement to raise S$150m
Ascott Residence Trust (ART) on Monday (Aug 15) proposed the acquisition of 9 serviced residences, rental housing and student accommodation properties from its sponsor, The Ascott Limited, across 5 markets: Australia, France, Japan, the US and Vietnam.

Hotel Properties back in black with H1 net profit of S$1.9m
Hotel Properties Limited (HPL), which owns and operates hotels, reversed into the black in the fiscal first half from a year ago as revenue jumped 47.1 per cent, the company said on Friday (Aug 12).

Straits Trading declares special dividend; shareholders to get dividend in shares
Straits Trading has declared a special dividend, distributing either ESR shares or Straits Trading shares to entitled shareholders. This special dividend comes after a strong H1 2022 results driven by the divestment of ARA Asset Management to ESR Group.

UOL H1 earnings quadruple to S$371 million on fair-value gains, higher revenue
Property and hospitality group UOL Group on Friday (Aug 12) posted earnings of S$371 million for the first half ended June, up 306 per cent from S$91.3 million in the year-ago period. The increase was spearheaded by fair-value gains of S$190 million in H1, compared to fair-value losses of S$16.9 million in the corresponding period last year.

Data centre, industrial as well as diversified S-Reits leading Q3 2022 performance
Global stock markets have been led by technology, consumer cyclicals and Reit sectors in Q3 2022-to-date. In Singapore, the S-Reits and property trusts sector gained 4.9 per cent in total returns and received S$8 million of net institutional inflows during this period.



Elections an open fight, says Ong Ye Kung in response to SDP’s plans to contest Sembawang GRC
Singapore – Elections are an open contest, and as long as the competition is healthy, allowing voters to have a choice is a positive thing, said Health Minister Ong Ye Kung on Saturday (Aug 13).

‘Not drowning but waving’: Businesses must change to survive in a changed world
You could be forgiven for thinking that business is drowning given today’s myriad problems. But, unlike the victim in Stevie Smith’s famous poem Not waving but drowning, business doesn’t drown. But it sure is waving right now.



Pandemic deepened divisions in most nations – but not in Singapore, survey finds
Singapore – Most Singapore residents say the government has effectively handled the coronavirus pandemic, in ways that reflected the strength of the political system, a Pew Research Centre survey has found.

Indoor mask rule stays as Covid-19 cases remain high even though peak of current wave has passed
Singapore – There are no plans for now to relax Covid-19 rules, including the requirement that people wear a mask indoors, said the Ministry of Health (MOH). In response to queries, MOH on Thursday (Aug 11) said existing safe management measures will continue to stay in place, as the number of cases remain high. This is even as the latest wave of infections has passed its peak.

*For more information, please visit the Ministry of Health (MOH) website at and refer to for updates on the COVID-19 (Coronavirus Disease 2019) situation



More US home purchase deals fall through

US consumer sentiment rises to 3-month high, topping forecasts

US import prices fall more than expected in July

‘Now hiring’: US employers struggle to find enough workers

EU, South Korea say US plan for EV tax breaks may breach WTO rules

UK economy closes in on recession as it shrinks in second quarter

‘Enough is Enough’ kicks off rallies across UK to protest against rising cost of living

Bank holiday blues hit UK economy, but by less than feared

UK property asking prices fall the most in more than 2 years

New Zealand set to stay in vanguard of tightening to cool prices

Canadian housing correction accelerates, prices seen falling 25%

Russia economy shrinks 4% as sanctions bite

Australia ‘done’ with outsized interest-rate hikes, Eslake says

China factory orders shrink in ominous sign for global outlook

China’s property woes bleed into the economy

China crisis wipes out US$90b of developer market value

China hits ‘liquidity trap’ as low rates fail to spur bank loans

Homebuyers in China running out of patience with distressed developers

Property developers in China’s Hefei urge curb on ‘malicious protests’

Mortgage boycotts end nascent recovery in China’s property market

How China will recover even while developed markets flounder

Taiwan still central to Singapore chipmakers despite geopolitical tensions

Japan’s economy rebounds from Covid-19 jolt, global slowdown clouds outlook

Tokyo seeks to take lead as green ‘transition’ finance hub

Malaysia’s GDP growth to quicken on pent-up demand: finance minister

Malaysia economy expands 8.9% in Q2, exceeding majority of forecasts

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