The Leading Professional and Representative Body for the Real Estate Industry

The Leading Professional and Representative Body for the Real Estate Industry



Daily News 18, 19 & 20 Nov (Sat, Sun & Mon)

Singapore Real Estate


UOL and SingLand’s Watten House 57% sold in private preview at average of S$3,230 psf
Property developers UOL Group and Singapore Land Group (SingLand) have sold 57 per cent, or 102 out of 180 units, at Watten House in District 10. At the end of a private preview on Saturday (Nov 18), UOL said that the units were sold at an average price of S$3,230 per square foot (psf).


DFI sells Jelita Shopping Centre for S$91.68 million to former precision engineering entrepreneur
DFI Retail Group (DFI) has sold Jelita Shopping Centre for S$91.68 million to a low-profile property investor, Peter Koh Pang An, and his wife. The couple are Singapore citizens. A rags-to-riches entrepreneur who used to be active in the Singapore precision engineering scene, Koh owns Platinum 28, a freehold industrial building at 28 Genting Lane, which he acquired from Ho Bee in 2011.


11 luxury city condos see price gains amid prime residential market downturn; Ardmore Park front runner
Singapore – Despite a general downturn in luxury condominium sales of late, a recent study showed that units in 11 luxury city-centre developments saw price gains of between 15 per cent and 136 per cent from 2006 to 2023.


More room rentals have ‘no WFH’ policy; landlords cite high utility bills, privacy issues
Singapore — It looked like a typical property listing: A common room for rent at S$950 a month in the northern part of Singapore that comes with a super single bed, standing fan, wifi, laundry services… Until one comes to this line: “Prefer tenant who does not work from home (WFH)”.



Singapore Economy


Singapore should reach further to seize opportunities in a complicated world: PM Lee
There are opportunities even in a complicated global environment and Singapore should put itself in a position to seize them, Prime Minister Lee Hsien Loong said on Friday (Nov 17) as he emphasised the need for the country to remain open to the world.


Singapore announces cross-border payment links with Indonesia, Malaysia
Singapore: Singapore and Indonesia on Friday (Nov 17) announced the launch of a cross-border QR code payment linkage. The linkage will allow customers of participating financial institutions in the two countries to make retail payments by scanning QR codes, Bank Indonesia (BI) and the Monetary Authority of Singapore (MAS) said in a joint media release


AI can boost productivity, but regulation is key: Experts
Singapore – Artificial intelligence (AI) technology can boost productivity and enhance efficiency in areas such as fintech and healthcare, but industry experts warn that more regulation is needed.



Companies’ Brief


Keppel, NUS to launch hybrid AC/DC microgrid as part of multi-pronged project
Keppel Corporation, through the group’s infrastructure division, launched a multi-pronged project for the National University of Singapore (NUS) with the goal of advancing NUS’ Campus Sustainability Roadmap 2030 and the Singapore Green Plan 2030.


MIT data centre leases among assets sold by tenant in Chapter 11 process
A Mapletree Industrial Trust (MIT) tenant, which is in a Chapter 11 bankruptcy process in the US, has agreed to sell its assets, including all eight of its data centre leases held by MIT. The tenant had entered into an asset purchase agreement with Brookfield Infrastructure Partners to acquire substantially all of the tenant’s and its affiliates’ assets, MIT’s manager said on Friday (Nov 17).


Sabana Reit files originating claim against tenant for outstanding payment
Sabana Industrial Real Estate Investment Trust’s (Reit) trustee has filed an originating claim against one of its tenants to seek possession of its premises and for payment of outstanding fees.



Views, Reviews Forum and Others


WSH launches guidelines for workers in waste management
Singapore – Keep naked flames away from waste to prevent discarded aerosols, like disinfectant and hairspray, from posing a fire hazard. Use automation to handle waste to reduce the chances of manually handling biohazardous objects, like used syringes or medical equipment.


Heat strain a threat to construction workers even in cooler weather and out of sun: Study
Singapore – A 22-year-old indoor construction worker’s core body temperature exceeded 38 deg C during the second half of his work shift and his heart rate remained elevated. The acceptable core temperature, or the temperature of a person’s internal organs, is about 37 deg C.



Global Economy & Real Estate


Boston Fed’s Collins optimistic about US economy’s soft landing from inflation


Why Americans feel gloomy about the economy despite falling inflation and low unemployment


US single-family housing starts up slightly in October


US and UK office S-Reits average 54 per cent rebound in November


Athens home prices are surging faster than other European cities


Austrian property tycoon’s troubles rattle investors


China vows to meet ‘reasonable’ funding needs of property firms


China puts money behind Singapore model in major housing shift


China needs to pull ‘multiple levers’ for property turnaround, say analysts


China raises concerns with US over export controls, sanctions, tariffs


China’s home rental market primed for growth as high interest rates, stuttering economy shift demand from buying to leasing: JLL report


More expensive services, food drive eurozone inflation in October


Hong Kong’s regulator buys 12 floors from Swire Properties


Hong Kong development chief dismisses collusion concerns as authorities plan to extend land exchange scheme to private sector


Hong Kong to relax mortgage arrangements for second-hand subsidised homes to support less well-off buyers


Hong Kong property: how high rebates are helping developers lure more homebuyers amid a sluggish market


Malaysia’s Q3 GDP growth beats forecasts at 3.3% amid declining exports


Malaysia hotel steps up security after Singapore family says man entered room at 3am


Cities in Spain top Paris, London as expats seek cheaper housing


Thailand plans more visa waivers, events to lift tourism revenue


UK retail sales slide again in October in new blow for economy



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