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 Jan 2023 (Fri)

Singapore Real Estate


Tight supply of homes to ease in 2023, price growth moderated after cooling measures: Desmond Lee
Singapore – Price growth in both the private and Housing Board resale markets moderated in the fourth quarter of 2022, as transaction volumes dropped following property cooling measures, said National Development Minister Desmond Lee.


BCA projects Singapore construction demand in 2023 to hit S$27-32b, with public sector leading the way
The value of construction contracts to be awarded in 2023 is projected to range between S$27 billion and S$32 billion this year, Singapore’s Building and Construction Authority (BCA) said on Thursday (Jan 12).


Cooling of en bloc market expected this year with new measures on floor space, stamp duties
Singapore: The collective sales and en bloc market is expected to cool down this year, with the introduction of new control measures, along with economic uncertainty and geopolitical tensions. Various cooling measures, such as additional buyer’s stamp duty and a new rule on calculating a property’s gross floor area that reduces the space developers can sell, will impact the market, said analysts.


Singapore property investment sales drop in Q4, but end stronger for full year
Investment sales of Singapore property, which cover big-ticket deals of at least S$10 million, languished in the fourth quarter, according to separate figures from consultants CBRE and Knight Frank.



Singapore Economy


Singaporeans list housing, living costs as top concerns in poll
Singaporeans want the government to address housing affordability and cost-of-living issues better, according to a poll by YouGov, underscoring concerns brought on by an influx of rich immigrants and high-earners.


KPMG calls for clarity over wealth taxes, policies to spur green investments in Budget 2023 wish list
Clarity on whether Singapore will be introducing wealth taxes in the near future and policies to spur greater green investments were among the proposals recommended in KPMG’s Budget 2023 wish list on Thursday (Jan 12).



Global Economy & Real Estate


A soft landing won’t mean the economy is safe


World economy walks tightrope between recession and soft landing


IMF chief expects to keep 2023 global growth forecast steady at 2.7%


Fed on track for smaller rate hikes after cool US inflation data


US inflation hits slowest pace in over a year amid hopes of less hawkish Federal Reserve


US mortgage rates fall to 6.33% in biggest drop since early December


US consumer prices fall in December; weekly jobless claims edge down


3D printing reaches new heights with two-storey home


Higher rates and falling prices hammer Kiwi homeowners


UK homebuilder offers mortgage holidays to lure reluctant buyers


New Zealand sees record-low house sales as buyers stay away


German employers, with 2m jobs to fill, call for labour reforms


Commentary: Staying open to China travellers is a huge economic gamble for Southeast Asia


Southeast Asia’s growth to wane but still outperform


China’s on the move again, economic outlook brightens


China’s resale-home transactions 39% higher in Jan than Dec: private survey


Hong Kong returns as one of top property investment locations


Hong Kong sees record mortgage applications from Chinese buyers


Japan current account surplus jumps to November record


Bank of Korea raises rates to 14-year high, as expected


Malaysia aims to maintain same spending level in new Budget 2023



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