The Leading Professional and Representative Body for the Real Estate Industry

The Leading Professional and Representative Body for the Real Estate Industry



Daily News – 15 Dec 2022 (Thu)



STB receives no proposals for Jurong Lake District integrated tourism development
The Government’s plan to build a tourism development in Jurong Lake District has hit a snag, after a tender seeking proposals for the project drew a blank.


Branch wars: Banks woo customers with elaborately decked physical spaces
Banks in Singapore are beautifying their local branches in hopes of delivering something different to their customers, with large lounges and non-financial services on offer.





EU and Asean leaders keen on more cooperation in digital and green economies: PM Lee
Asean and European Union leaders have much interest in working more closely together, said Prime Minister Lee Hsien Loong. The two regional groupings have committed to doing so, including in the digital and green economies, following the conclusion of the one-day Asean-EU Commemorative Summit held in Brussels on Wednesday.


New Singapore-EU pact to boost cooperation and establish common framework in digital realm
Ties between Singapore and the European Union will expand into the digital realm under a new pact which will see the two sides working together on issues such as making safe data exchange possible and using digital solutions to make supply chains more resilient.


Job vacancies ease for second straight quarter: MOM
Labour market tightness in Singapore eased in the third quarter, as the total number of job vacancies fell for the second straight quarter, according to the Ministry of Manpower’s (MOM) Labour Market Report on Thursday (Dec 15).


Private economists lift S’pore’s inflation forecast for both this year and next
The prospect of prices continuing to rise has hardened over the past three months as professional forecasters raised their forecast for inflation in Singapore for both 2022 and 2023.


GST increase: As Jan 1 ‘deadline’ approaches, businesses and shoppers make the most of sales pitches, offers
Riding on the upcoming increase in the Goods and Services Tax (GST) from Jan 1, along with the year-end festive sales, some businesses are bidding customers to buy what they want now or pay more later, with extended delivery offered where available.


Fed’s higher rates for longer will hit borrowing costs in Singapore
The US Federal Reserve on Wednesday hiked interest rates by 50 basis points to a 15-year high and, more significantly, signalled that rates will have to move up more than previously anticipated and stay there for longer.


Festive F&B demand dampened by Singaporeans flying out
After months of strong business, Singapore’s food and beverage (F&B) industry sees a potential festive slowdown as more locals head abroad for the holidays. This is despite a rise in corporate and tourist demand.


Harnessing green financing to push the boundaries of innovation
Environmental sustainability has become a top global agenda in recent years. Governments are looking to enact policies and strengthen their mitigation measures for climate change even as they continue to drive economic development.


COVID-weary Chinese millionaires eye Singapore amid ‘chaos and unpredictability’ at home
Singapore is becoming a magnet for Chinese professionals and the wealthy who want to flee economic and COVID-19 problems at home.





BlackRock ceases to be substantial shareholder of Keppel
Asset manager BlackRock has ceased to be a substantial shareholder of Keppel Corp after selling S$8.9 million worth of shares, lowering its stake from 5.03 per cent to 4.96 per cent.


CDLHT unit enters new 10-year lease agreement for Maldives resort
A unit under CDL Hospitality Trusts has inked a new 10-year lease agreement with a unit of Banyan Tree Holdings for the Angsana Velavaru resort in the Maldives.


Chip Eng Seng offer turns unconditional; closing date extended to Jan 19
Chip Eng Seng chairman Celine Tang and her husband Gordon Tang’s mandatory cash offer to acquire the property player at S$0.75 per share has been declared unconditional in all respects.





WHO chief hopes COVID-19 will no longer be emergency in 2023

US existing home sales to slide to 11-year low in 2023

Federal Reserve pledges more rate hikes despite fears of US economy stalling

London rents lag rest of UK after shift to remote work

UK households less sensitive to rate hikes

Germany’s recession to be milder than expected in 2023: Ifo

Hong Kong central bank raises interest rate after Federal Reserve hike

Thai economy in recovery, bolstered by tourists, minister says


The Daily News & Views is issued as news gathering for the convenience and benefits of REDAS’ members only and not for mass circulation. Members are advised to exercise discretion in the use and dissemination of the information. Some news links in Daily News & Views are time sensitive and require registration of fee-based digital subscriptions. These links may expire with news changes and updates throughout the day.

Real Estate Developers’ Association of Singapore does not warrant the accuracy, adequacy or completeness of the information and expressly disclaims liability for errors or omissions therein. The content, accuracy, and opinions expressed are not investigated, verified, monitored, nor endorsed by Real Estate Developers’ Association of Singapore. Every effort is taken to ensure that all information extracted is correct at the time of dissemination 15 Dec, 2022.

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