Singapore Real Estate/Built Environment
New-home sales in July dive nearly 60% year on year in softer property market
New private home sales plunged by nearly 60 per cent year on year in July, as homebuyers remained selective and cautious amid a slowing property market.
https://www.businesstimes.com.sg/property/new-home-sales-july-dive-nearly-60-year-year-softer-property-market
https://www.straitstimes.com/singapore/housing/suburban-launches-kassia-and-sora-drive-rebound-in-july-private-home-sales
Little-known fact: HDB flats can be turned into dual-key homes
Dual-key homes in private condominiums have been around for years, but much to the surprise of many, HDB flats can also be turned into dual-key concepts.
https://www.businesstimes.com.sg/property/little-known-fact-hdb-flats-can-be-turned-dual-key-homes
Singapore Economy
In providing re-employment support, will Singapore’s fourth-generation leadership remain wary of giving too much?
In his debut National Day Rally (NDR) speech on Sunday (Aug 18), Prime Minister Lawrence Wong is expected to announce – among other things – the long-awaited details of upcoming re-employment support for retrenched workers.
https://www.businesstimes.com.sg/singapore/providing-re-employment-support-will-singapores-fourth-generation-leadership-remain-wary-giving-too
Singapore’s key exports surge by surprise 15.7% in July, reversing from June drop
Singapore’s non-oil domestic exports (NODX) far exceeded economist estimates to climb 15.7 per cent in July, as both electronics and non-electronics exports grew, data from Enterprise Singapore (EnterpriseSG) showed on Friday (Aug 16).
https://www.businesstimes.com.sg/singapore/singapores-key-exports-surge-surprise-15-7-july-reversing-june-drop
https://www.straitstimes.com/business/singapore-key-exports-in-july-surprise-with-157-jump
DBS’ Piyush Gupta, Temasek’s Dilhan Pillay, DPMs part of 21-member Future Economy Advisory Panel
DBS chief executive officer Piyush Gupta and Temasek CEO and executive director Dilhan Pillay are among 21 members of the new Future Economy Advisory Panel (Feap), which had its first meeting on Thursday (Aug 15). The panel succeeds the Future Economy Council (FEC), which operated from 2017 to 2023.
https://www.businesstimes.com.sg/singapore/dbs-piyush-gupta-temaseks-dilhan-pillay-dpms-part-21-member-future-economy-advisory-panel
Views, Reviews, Forum and Others
Leave requests, paperwork delays: Singapore construction firms feel the effects of Bangladesh unrest
Singapore: Construction companies in Singapore are seeing the effects of Bangladesh’s political turmoil, as more workers return home and paperwork to bring in new workers is delayed.
https://www.channelnewsasia.com/singapore/bangladesh-protests-foreign-workers-construction-sheikh-hasina-yunus-4539361
MOH says low risk of severe mpox variant spreading to S’pore
Singapore – Despite the World Health Organisation (WHO) declaring mpox a global public health emergency on Aug 14, the Ministry of Health (MOH) said the immediate public health risk of the outbreak in Africa to Singapore is assessed to be low.
https://www.straitstimes.com/singapore/s-pore-had-10-milder-mpox-cases-since-january-moh-says-low-risk-of-severe-variant-spreading-here
https://www.channelnewsasia.com/singapore/mpox-singapore-low-risk-outbreak-africa-who-4548361
Global Economy & Real Estate
WHO confirms first case of new mpox strain outside Africa as outbreak spreads
https://www.businesstimes.com.sg/international/who-confirms-first-case-new-mpox-strain-outside-africa-outbreak-spreads
Oil rises nearly 2% on upbeat US economic data, geopolitical tension
https://www.businesstimes.com.sg/companies-markets/energy-commodities/oil-rises-nearly-2-upbeat-us-economic-data-geopolitical-tension
US business inventories rise marginally in June
https://www.businesstimes.com.sg/international/us-business-inventories-rise-marginally-june
US industrial production declines by most since January
https://www.businesstimes.com.sg/international/us-industrial-production-declines-most-january
US weekly jobless claims unexpectedly fall
https://www.businesstimes.com.sg/international/us-weekly-jobless-claims-unexpectedly-fall4
Mortgage rates in US increase for first time since end of July
https://www.businesstimes.com.sg/property/mortgage-rates-us-increase-first-time-end-july
Australia July employment jumps past forecasts, unemployment at 2½ high
https://www.businesstimes.com.sg/international/australia-july-employment-jumps-past-forecasts-unemployment-21-2-high
Canada home sales slip as buyers seek more interest-rate relief
https://www.businesstimes.com.sg/property/canada-home-sales-slip-buyers-seek-more-interest-rate-relief
China’s mixed economic activity in July puts Beijing’s stimulus stance in spotlight
https://www.scmp.com/economy/economic-indicators/article/3274528/chinas-economic-activity-continues-drag-july-key-indictors-miss-expectations
China’s economy fails to pick up after worst stretch in five quarters
https://www.straitstimes.com/business/china-s-uneven-recovery-lingers-as-factories-outrun-consumption
China central bank sees more growth steps but nothing ‘drastic’
https://www.businesstimes.com.sg/companies-markets/banking-finance/china-central-bank-sees-more-growth-steps-nothing-drastic
China’s home-price slump deepens in July to new 9-year low
https://www.businesstimes.com.sg/property/chinas-home-price-slump-deepens-july-new-9-year-low
https://www.straitstimes.com/business/china-new-home-prices-fall-for-13th-straight-month-in-july
https://www.scmp.com/property/article/3274551/chinas-falling-home-prices-slow-descent-slightly-decline-extends-14-months
Hong Kong tourism bounces back, with visitor numbers up 52% year on year
https://www.scmp.com/news/hong-kong/hong-kong-economy/article/3274637/hongkong-tourism-bounces-back-visitors-numbers-52-cent-year-year
Hong Kong reveals plans to expand top talent visa scheme as lawmakers suggest tightening criteria
https://www.channelnewsasia.com/east-asia/hong-kong-top-talent-pass-scheme-add-more-universities-lawmakers-age-limits-targeting-sectors-4548326
Scorching heat magnifies housing crunch for Hong Kong’s elderly
https://www.channelnewsasia.com/east-asia/scorching-heat-magnifies-housing-crunch-hong-kong-elderly-crisis-climate-change-4547646
Are young Hongkongers choosing to pursue public rental flats over their dreams?
https://www.scmp.com/news/hong-kong/society/article/3274631/are-young-hongkongers-choosing-pursue-public-rental-flats-over-their-dreams
UK economy grows 0.6% in Q2
https://www.businesstimes.com.sg/international/uk-economy-grows-0-6-q2
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