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 Nov 2022 (Tue)



Tampines EC draws over 5,000 visitors on launch weekend; prices start from S$1.1m
Developers of Tenet have reported over 5,000 visitors at the launch weekend of the latest executive condominium (EC) project at Tampines Street 62. The project attracted “thousands of interested buyers” to its show gallery over the weekend, according to Qingjian Realty’s deputy general manager Yen Chong on Monday (Nov 14).


Jurong Regional Library will move to transport hub with CC, sports centre
On Nov 3, The Straits Times reported that the library will be among several buildings affected by the next phase of development for Jurong Lake District.




‘Like-minded’ Singapore and Germany must work together to tackle challenges in Asia, Europe: PM Lee
Like-minded partners like Singapore and Germany must work together to tackle common challenges confronting Asia and Europe, Prime Minister Lee Hsien Loong said on Monday (Nov 14), after both countries endorsed a joint declaration on cooperation in areas such as climate change, defence, and the economy.


Collaboration and growth opportunities between Germany and Singapore remain, despite headwinds: DPM Wong
In the face of economic and geopolitical headwinds, Germany and Singapore can strengthen their collaboration for growth, in areas such as sustainability, said Deputy Prime Minister and Minister for Finance Lawrence Wong on Monday (Nov 14).


National Wages Council urges employers to raise pay for lower-wage workers by 5.5-7.5%
Employers should give their lower-wage workers a built-in wage increase of 5.5 to 7.5 per cent, or at least S$80 to S$100, whichever is higher, the National Wages Council (NWC) said in its 2022/2023 wage guidelines on Monday (Nov 14).




Payouts to offset GST hike to start in Dec with cash handouts of up to S$700 for eligible Singaporeans: MOF
Singapore — About 2.9 million adult Singaporeans will receive up to S$200 in cash in December, as part of the Assurance Package that the Government had announced earlier, to cushion the impact of the Goods and Services Tax hike.


How data can enable high-quality carbon credits for a sustainable Singapore
A wave of green is sweeping through the economy as everywhere businesses of all sizes – from neighbourhood mom-and-pop shops to large corporates like BlackRock – are recognising the significance of sustainability as a core consideration for long-term economic success.


Getting second Covid-19 infection not more dangerous, say S’pore experts rebutting US study
Singapore – An American study suggesting that people who are infected with Covid-19 for a second time are at higher risk of organ failure and death is questionable, with inherent limitations and overstated conclusions, say local experts.




US may skirt recession in 2023, Europe not so lucky: Morgan Stanley

Corporate America cuts thousands of jobs as recession looms

Fed vice chair says ‘appropriate soon’ to slow rate hike

UK home sellers slash asking prices after mortgage rates jump

China lets developers access pre-sale funds to ease cash crunch

China’s Country Garden plans $500 million share sale to refinance offshore debt

Japan Q3 GDP unexpectedly contracts at annualised rate of 1.2%: government

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