The Leading Professional and Representative Body for the Real Estate Industry

The Leading Professional and Representative Body for the Real Estate Industry



Daily News – 14 Oct 2022 (Fri)


Meyer Park relaunched for en bloc sale at unchanged S$420m reserve price
Freehold sea-fronting Meyer Park has been relaunched for collective sale at the same reserve price of S$420 million after the previous attempt closed on Sep 9 without a sale. The land betterment charge for the 96,672 square foot (sq ft) site at 81 and 83 Meyer Road is now about S$90.9 million, which works out to a land rate of around S$1,764 per sq ft per plot ratio (psf ppr), including a 7 per cent bonus floor area.

Singapore’s shophouse sales dip in Q3 as market sees price resistance
Shophouse sales in Singapore plunged in Q3 2022, down 49.3 per cent from the previous quarter, Huttons’ latest market update on Thursday (Oct 13) showed. The total volume of shophouse sales amounted to 34 transactions in Q3, from 67 transactions in Q2 of 2022. This is also a 54 per cent decline in sales year-on-year.

After the latest cooling measures, where are Singapore property stocks headed?
Singapore: While the latest round of cooling measures for the property market is likely to dampen home sales in the near term, analysts said they have not written off Singapore-listed property stocks entirely.

3,000 BTO flats to be built in Dover Forest in Ulu Pandan; first of 3 projects will launch in November
Singapore – Around 3,000 Build-To-Order (BTO) flats will be built in the eastern half of Dover Forest in Ulu Pandan across three housing projects, with the first to be launched in November.



Singapore GDP beats expectations to grow 4.4% in Q3: flash estimates
Singapore’s economy beat expectations and grew 4.4 per cent year-on-year in the third quarter, according to advanced estimates from the Ministry of Trade and Industry (MTI) released on Friday morning (Oct 14).

MAS tightens monetary policy for fifth time in 12 months to dampen ‘persistent’ inflation
Singapore — The Monetary Authority of Singapore (MAS) has tightened monetary policy for the fifth time since October last year to dampen persistent price pressures, which are expected to last until the first half of 20

MAS recentres mid-point of policy band again in bid to reduce imported inflation
The Monetary Authority of Singapore (MAS) on Friday morning (Oct 14) announced it would “re-centre the mid-point” of the Singapore dollar nominal effective exchange rate (S$NEER) to its prevailing level, with no changes to the slope and width of the band.



Biden says prices “too high” as inflation rises before midterms

Rents accelerate most since 1990, keeping US cost of living high

Mortgage rates in US surge to 20-year high, reaching 6.92%

US consumer prices up more than expected in September; weekly jobless claims rise

New Zealand houses take longer to sell as rates put off buyers

Canada’s housing agency sees ‘modest’ recession with 15% price drop

IMF urges most Asian central banks to tighten policy further

China’s September exports likely cooled further on weakening global demand: poll

China debt crisis snares state-aided developer; IMF warns of banking crisis

Chinese local governments buying houses to aid property sector

China’s bursting housing bubble will rock the economy for years

Hong Kong eyes property tax cut, visa moves to reverse Covid brain drain

Hong Kong budget deficit set to triple from earlier estimates

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