Singapore Real Estate / Built Environment
Indranee cites value of urban design at URA roundtable
The Urban Redevelopment Authority (URA) on Wednesday (Nov 13) launched the inaugural Urban Design Roundtable – titled “Shaping Liveable Cities through Urban Design” – for industry professionals to share ideas and insights on the role and impact of urban design in shaping cities.
https://www.businesstimes.com.sg/property/indranee-cites-value-urban-design-ura-roundtable
Private housing leasing activity rises in Q3 as more people upgrade their accommodation
The private housing market saw more leasing activities during the third quarter, with leasing volume of private homes (excluding executive condominiums or ECs) climbing 24.4 per cent quarter on quarter (qoq) to 25,731 units.
https://www.businesstimes.com.sg/property/private-housing-leasing-activity-rises-q3-more-people-upgrade-their-accommodation-savills
Clouds clearing in Singapore’s prime residential market
Macroeconomic uncertainties and the tightening of cooling measures cast a pall on the high-end residential property sector in the past year. Since additional buyer’s stamp duty (ABSD) rates were hiked up in April 2023, non-landed private home sales in the Core Central Region (CCR) have been lukewarm, particularly in the new home sales segment, as some developers held off on launches.
https://www.businesstimes.com.sg/property/bt-property-week-nov-2024/clouds-clearing-singapores-prime-residential-market
Singapore News
Financial influencers must be licensed and regulated if they provide advice: Alvin Tan
Singapore – Financial influencers who provide financial advice must be licensed and regulated, said Monetary Authority of Singapore (MAS) board member Alvin Tan in Parliament on Nov 13. Also known as “finfluencers”, these influencers use social media to share tips and insights on finance-related topics, such as investing, saving and budgeting.
https://www.straitstimes.com/singapore/politics/financial-influencers-must-be-licensed-and-regulated-if-they-provide-advice-alvin-tan
https://www.businesstimes.com.sg/singapore/mas-has-received-five-complaints-year-against-financial-influencers-last-five-years-alvin-tan
Parliament votes in favour of amended PSP motion on supporting hawkers
Members of Parliament (MPs) on both sides of the aisle voted on Wednesday (Nov 13) in favour of an amended Progress Singapore Party (PSP) motion to continue the government’s support for hawkers and to grow Singapore’s hawker culture.
https://www.channelnewsasia.com/singapore/hawkers-support-parliament-motion-cheap-food-cost-pressures-4747001
https://www.channelnewsasia.com/singapore/hawker-centres-culture-heritage-parliament-motion-psp-proposals-4747021
https://www.straitstimes.com/singapore/politics/support-available-for-hawkers-and-consumers-to-cope-with-cost-of-living-other-challenges-govt
https://www.zaobao.com.sg/news/singapore/story20241114-5342500
Business News
Frasers Property remains keen on Singapore housing development but is cautious over entry costs and margins
Frasers Property posted a net profit of S$148.9 million for the second half of its financial year ended Sep 30, reversing losses of S$52.6 million in the same period the prior year.
https://www.businesstimes.com.sg/companies-markets/frasers-property-remains-keen-singapore-housing-development-cautious-over-entry-costs-and-margins
https://www.straitstimes.com/business/companies-markets/thai-billionaires-singapore-firm-frasers-property-sees-profit-jump
OCBC has enough capital for M&A, business growth: CEO Helen Wong
Singapore – OCBC has enough capital for business growth, even as chief executive officer Helen Wong signals her appetite for deals while keeping the bank’s dividend policy.
https://www.straitstimes.com/business/banking/ocbc-has-enough-capital-for-ma-business-growth-ceo-helen-wong
https://www.businesstimes.com.sg/companies-markets/banking-finance/ocbc-has-enough-capital-m-business-growth-ceo-helen-wong
Singapore banks optimistic about earnings, capital returns amid yet another quarterly results beat
Singapore banks are optimistic about their earnings outlook moving into 2025, after yet another set of record quarterly earnings for the third quarter ended September 2024.
https://www.businesstimes.com.sg/companies-markets/singapore-banks-optimistic-about-earnings-capital-returns-amid-yet-another-quarterly-results-beat
Global Economy & Real Estate
Fed should proceed ‘with caution’ on rate cuts, Logan says
https://www.businesstimes.com.sg/international/fed-should-proceed-caution-rate-cuts-logan-says
US inflation stays firm for third month with 0.3% core CPI gain
https://www.businesstimes.com.sg/international/us-inflation-stays-firm-third-month-0-3-core-cpi-gain
US consumer prices rise as expected in October
https://www.straitstimes.com/business/economy/us-consumer-prices-rise-as-expected-in-october
US mortgage rates rose again in week after Trump’s victory
https://www.businesstimes.com.sg/property/us-mortgage-rates-rose-again-week-after-trumps-victory
Back to Trumponomics: Tariffs and tax cuts
https://www.businesstimes.com.sg/opinion-features/back-trumponomics-tariffs-and-tax-cuts
Boeing starts issuing layoff notices as part of plan to cut 17,000 workers
https://www.straitstimes.com/business/companies-markets/boeing-starts-issuing-layoff-notices-as-part-of-plan-to-cut-17000-workers
China cuts taxes for home purchases in fiscal policy support
https://www.businesstimes.com.sg/property/china-cuts-taxes-home-purchases-fiscal-policy-support
https://www.channelnewsasia.com/business/china-announces-tax-policies-boost-property-market-4746501
How Europe could benefit from Trump’s second term
https://www.businesstimes.com.sg/opinion-features/how-europe-could-benefit-trumps-second-term
German government collapse could have silver lining for Europe’s markets
https://www.businesstimes.com.sg/international/german-government-collapse-could-have-silver-lining-europes-markets
University town in Hong Kong to start welcoming 32,000 from 2034, with biggest hospital
https://www.scmp.com/news/hong-kong/education/article/3286449/university-town-hong-kong-start-welcoming-32000-2034-biggest-hospital
Indonesian bankers say growth, inflows could be hit by Trump’s policies
https://www.channelnewsasia.com/business/indonesian-bankers-say-growth-inflows-could-be-hit-trumps-policies-4746176
Japan planning 13.5 trillion yen extra budget to fund stimulus package: newspaper
https://www.businesstimes.com.sg/international/japan-planning-13-5-trillion-yen-extra-budget-fund-stimulus-package-newspaper
Japan’s rising wholesale inflation heightens uncertainty on Bank of Japan’s rate hike timing
https://www.businesstimes.com.sg/international/japans-rising-wholesale-inflation-heightens-uncertainty-bank-japans-rate-hike-timing
AMD cutting 4% of workforce, or about 1,000 employees, to focus resources on AI push
https://www.straitstimes.com/business/companies-markets/amd-cutting-4-of-workforce-or-about-1000-employees-to-focus-resources-on-ai-push
https://www.channelnewsasia.com/business/amd-cut-4-global-workforce-it-focuses-ai-chip-development-4747091
Thai finance minister eyes 2025 GDP growth of 3.5%, plans more stimulus
https://www.businesstimes.com.sg/international/asean/thai-finance-minister-eyes-2025-gdp-growth-3-5-plans-more-stimulus
https://www.channelnewsasia.com/business/thai-finance-minister-eyes-2025-gdp-growth-35-plans-more-stimulus-4745821
Thailand eyes congestion fee to cut Bangkok pollution, traffic
https://www.businesstimes.com.sg/international/asean/thailand-eyes-congestion-fee-cut-bangkok-pollution-traffic
UK house price growth quickens but budget clouds outlook: RICS survey
https://www.businesstimes.com.sg/property/uk-house-price-growth-quickens-budget-clouds-outlook-rics-survey
It was once Britain’s ‘best’ building. Soon, it may be reduced to rubble
https://www.businesstimes.com.sg/property/it-was-once-britains-best-building-soon-it-may-be-reduced-rubble
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