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 Sep 2023 (Wed)

Singapore Real Estate


Developers take cautious stance in land tenders for Woodlands, Lentor housing sites
Bids for two 99-year leasehold private housing sites on Tuesday (Sep 12) reflected distinctly more risk-averse sentiment among developers, following several waves of cooling measures and sharply higher financing costs.


While Reits are struggling, they can still be sound investments for retirees
I feel silly. If I had bought a private home – using the name of an immediate family member who has yet to own property – some time back, my family would be in a happier position financially. Based on data from the Urban Redevelopment Authority, private home prices as at the second quarter of 2023 rose by 7.5 per cent, 18.9 per cent and 27.4 per cent over a one-year, two-year and three-year time frame respectively.


Pair sought S$1.2m refund for aborted condo deal, court rules developer entitled to forfeit S$380k
A father-and-daughter pair from China who paid almost S$1.2 million for a condominium unit, but did not go through with the deal after finding out that their property agent had embezzled other funds, will have to lose their S$380,000 deposit.





Most companies plan to keep employment stable despite pessimistic economic outlook: SBF survey
A majority of companies are not expecting changes to their manpower in the next 12 months, even as more of them now expect economic conditions to weaken rather than improve, a survey by the Singapore Business Federation (SBF) showed on Tuesday (Sep 12).


Singapore F1 attendance down, but hotel takings may still exceed 2022 levels
Attendance may be down, but takings could still rise at this year’s Singapore Formula 1 (F1) Grand Prix, with tourism players and observers expecting receipts to exceed at least pre-Covid levels – if not those of 2022.





Central banks set for higher-for-longer era to fight inflation


Inflation dragged real US household incomes down 2.3% in 2022


China firms will drive Hong Kong office market rebound, Gaw says


China property jumps to top credit risk in Bank of America global survey


China’s housing rebound fades fast in big cities after stimulus


Two more Chinese firms cease public project funding amid deepening debt woes


Accor sees record China hotel deals as travel beats slowdown


Dubai apartment prices jump most in a decade as housing boom widens


German housing construction sector cancellations hit new high: survey


Foreign direct investment in Germany dives to 3.5 billion euros in H1


Hong Kong leader John Lee to make sure luxury estate Redhill Peninsula will be inspected after landslide exposes illegal structures


Hong Kong has Asia-Pacific’s highest prices for co-working space, while demand for flex desks surges in Singapore: study


RBNZ and New Zealand treasury at odds over double-dip recession


Tokyo: The big city where housing is still affordable


UK mortgage arrears jump 28% as high rates squeeze borrowers



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