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 Jan 2023 (Wed)

Singapore Real Estate


Bukit Sembawang kicks off sales at landed project Pollen Collection
Bukit Sembawang Estates has started selling its new landed housing project Pollen Collection, with four units moved since its show house opened in October last year. The 132-unit development sits on a 99-year leasehold plot in Seletar Hills Estate.


Meyer Park en bloc sale relaunches at lower S$390m reserve price
Freehold sea-fronting Meyer Park has been relaunched for collective sale at a lower reserve price of S$390 million after its two previous attempts closed without a sale. The District 15 condo was first launched on Jul 25 last year with a reserve price of S$420 million.


Two commercial buildings in Tanjong Pagar launched for en bloc sale at S$216m reserve price
A pair of five-storey buildings on a 999-year leasehold commercial site on Hoe Chiang Road and Lim Teck Kim Road will be launched for collective sale on Thursday (Jan 19) at a reserve price of S$216 million.



Singapore Economy


Consumers must be willing to pay more in order to raise wages, but difficult issue to tackle amid rising living costs: DPM Wong
Singapore — Consumers here must be willing to pay more for certain goods and services in order to raise the wages of those who provide them, Deputy Prime Minister Lawrence Wong said on Monday (Jan 16).


Business travel, high-end tourists lead return of China visitors to Singapore
Business travellers and high-end tourists are leading the return of China visitors to Singapore, with mass-market tourism unlikely to resume significantly yet amid economic uncertainty and limited flights, say businesses and analysts.


Singapore exports set to contract further amid weak demand: economists
Singapore’s key exports are expected to contract further in the coming months amid weakening global demand conditions, and may only start to see improvements in the second half of the year, economists said.


Singapore pitches benefits of diversified supply chain to manufacturers
[Davos] Manufacturers looking to strengthen their supply chains should keep in mind the benefits of making things in more countries, said Jacqueline Poh, managing director of the Singapore Economic Development Board, at a World Economic Forum panel on Tuesday (Jan 17).



Global Economy & Real Estate


A shallow recession is coming, but don’t fear it: Davos panellists


Global growth to bottom out this year: IMF chief


International tourist arrivals doubled in 2022: UN


NYC property values are seen rising 6.1%, boosted by single-family homes


UK pay deals hold at 5% for second month as wages lag inflation: XpertHR


World’s hottest housing market swept by record Russian purchases


Vice-Premier Liu says it is impossible for China to return to planned economy


China’s economy expands 3% in 2022 as zero-Covid policy hurts growth


China’s 2022 property investment falls for first time since 1999


China property sector’s drag on economic growth in 2023 lower than 2022


China developers’ debt risks persist after support policies’ slow start


CNY travel in China offers spark of economic rebound from Covid-19 crunch


China travellers to make shorter trips and in smaller groups amid Covid-19 fears: Malaysia tourism players


Taiwan’s economy seen slowing in 2023 as global demand weakens


Japan’s Nov core machinery orders tank more than expected


Malaysia PM Anwar Ibrahim scheduled to visit Singapore by end-January


With Malaysia’s national debt at RM1.5t, it cannot be business as usual, says Anwar


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