The Leading Professional and Representative Body for the Real Estate Industry

The Leading Professional and Representative Body for the Real Estate Industry



Daily News – 17 Nov 2023 (Fri)

Singapore Real Estate


Holland Drive, Upper Bukit Timah reserve list sites put up for offer
Two residential sites in Holland Drive and Upper Bukit Timah are now available for application, the Urban Redevelopment Authority said on Thursday (Nov 16). The 99-year leasehold sites can yield more than 1,000 private housing units in total and have been released under the Government Land Sales (GLS) programme’s reserve list for the second half of 2023.


Asking rents fall in Q3 as demand-supply gap in housing rental market closes
Rents of residential properties are expected to ease further, with asking rents already coming down in the third quarter as demand moderates and more homes are completed to add to supply.



Singapore Economy


Apec ministers agree to prioritise interconnectivity, innovation and inclusivity
Trade and foreign ministers from the Asia Pacific Economic Cooperation’s (Apec) member economies have agreed to work on three priority areas: interconnectivity, innovation and inclusivity.


MAS issues blueprint for the future of digital money
Singapore – The Monetary Authority of Singapore (MAS) has set settlement ledger, tokenisation bridge, programmability protocol and name service as the four key building blocks to the use of digital currencies, as it moves to shape the financial ecosystem of the future.


Decline in Singapore key exports continues to ease in October, with narrowing 3.4% fall
Singapore’s non-oil domestic exports (NODX) shrank 3.4 per cent year on year in October, continuing to ease from steeper falls in the preceding months, data from Enterprise Singapore (EnterpriseSG) showed on Friday (Nov 17).



Views, Reviews Forum and Others


S$800 million earmarked for improvements to active ageing centres as part of new Age Well SG initiative
Singapore: Around S$800 million (US$594 million) will go towards improving active ageing centres as part of a national initiative to support seniors ageing within their communities, the Ministry of Health (MOH), Ministry of National Development (MND) and Ministry of Transport (MOT) said on Thursday (Nov 16).


Govt unveils plans for better living conditions for seniors, including emergency buttons in more rental flats
Singapore — A “wireless alert alarm system” will be placed in the public housing rental flats of about 26,800 seniors that they can use to call for help in emergencies, the Government said on Thursday (Nov 16).


Initiative to create pedestrian-friendly streets to cover all 24 Singapore towns by 2030
Singapore – By 2030, an initiative to make some neighbourhood streets safer and more conducive for pedestrians, including seniors, will be expanded to cover all 24 towns in Singapore.



Global Economy & Real Estate


The economic slowdown is making decarbonisation harder for companies


Success of central banks’ policies to tackle inflation key for global economic growth: IMF chief


US mortgage rates fall for third week, dropping to 7.44%


US weekly jobless claims rise more than expected


Oil prices slump to 4-month low on US, Chinese economic concerns


Australian employment rebounds strongly in Oct, jobless rate still up|


Berlin’s renters face more misery as housing crisis deepens


Xi pledges ‘heart-warming’ steps to attract foreign investors


What big investors are saying about China


China to step up efforts to attract FDI, boost consumption – state planner


China housing gloom worsens as prices fall most in eight years


Court auction to sell Shimao land in Shenzhen fails again


Hong Kong home prices will fall by 10 per cent in 2024, UBS says, amid high interest rates, housing glut


Hong Kong developers keep the faith in property agent Midland Realty despite commission fixing allegations


Hong Kong watchdog’s legal action against property agency over alleged commission fixing making waves in other sectors


Unemployment rate in Hong Kong during August-October rises to 2.9%


New Zealand houses taking less time to sell as buyers emerge


Thai economy likely grew in Q3 on exports, tourism boost


The city where many rent as homes are too costly to buy



Disclaimer & Note:

Real Estate Developers’ Association of Singapore (REDAS) 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 REDAS. Every effort is taken to ensure that all information extracted is correct at the time of dissemination.

The Daily News 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. The news links are time-sensitive and require registration of fee-based digital subscriptions.

Scroll to Top