SINGAPORE REAL ESTATE
Golden Mile Tower’s S$650m en bloc tender launched
Golden Mile Tower has been launched for collective sale on Friday (Nov 18) at an indicative price of S$650 million, following the successful en bloc sale of neighbouring Golden Mile Complex earlier this year.
https://www.businesstimes.com.sg/property/golden-mile-towers-s650m-en-bloc-tender-launched
Singapore home prices are soaring, but new launches still sell well. What are the factors at play?
As we round off the year 2022, a look at prices that recent condominium launches have been transacting at, especially in recent months, may perplex and intrigue the average prospective homebuyer – how did we get here?
https://www.businesstimes.com.sg/property/singapore-home-prices-are-soaring-new-launches-still-sell-well-what-are-factors-play
Q3 demand for resale private homes slips as prices continue to rise: Savills
Secondary sales for Singapore private residential homes fell 10.5 per cent in the third quarter from the previous three months, after a rebound in sales in the second quarter, Savills’ research showed.
https://www.businesstimes.com.sg/property/q3-demand-resale-private-homes-slips-prices-continue-rise-savills
Govt looking into further prioritising BTO flats for those with more urgent housing needs: Desmond Lee
How those with more urgent housing needs can be further prioritised in the allocation of new Build-To-Order (BTO) flats is an issue the Government is studying, said National Development Minister Desmond Lee.
https://www.straitstimes.com/singapore/govt-looking-into-further-prioritising-bto-flats-for-those-with-more-urgent-housing-needs-desmond-lee
https://www.channelnewsasia.com/singapore/singapore-studying-further-prioritise-access-public-housing-people-more-pressing-needs-3087826
https://www.todayonline.com/singapore/mnd-reviewing-mature-estate-classification-hdb-flat-2051641
Rental prices of HDB flats surge most in the heartlands; Punggol, Woodlands among the highest
Rent prices of Housing and Development Board (HDB) flats across Singapore have risen to record levels, with some increasing by nearly 50 per cent in the last two-and-a-half years.
https://www.channelnewsasia.com/singapore/hdb-flats-rent-prices-singapore-towns-rise-punggol-woodlands-sengkang-3083736
HDB to offer short-term stay to shop tenants with expiring 30-year leases, updates tenancy guidelines
Some 730 Housing Board heartland shop owners whose 30-year leases are about to expire will be allowed to extend them for at least a year, during which they can make new business plans or bid for a new tenancy.
https://www.straitstimes.com/singapore/hdb-to-offer-short-term-stay-for-tenants-with-expiring-leases-updates-guidelines-for-awarding-tenancies
SINGAPORE ECONOMY
Economies should work together on new trade rules while abiding by existing ones: PM Lee
Economies have to work together towards transparent rules for global trade amid a more challenging landscape, said Prime Minister Lee Hsien Loong on Saturday.
https://www.straitstimes.com/singapore/politics/economies-should-work-together-on-new-trade-rules-while-abiding-by-existing-ones-pm-lee
SMEs, low-income households will bear brunt of uncertain economic landscape, says PM Lee at APEC meeting
Small and medium-sized enterprises (SMEs) and low-income households will bear the brunt of an uncertain economic landscape, Prime Minister Lee Hsien Loong said on Friday (Nov 18).
https://www.channelnewsasia.com/singapore/apec-inclusive-growth-digital-economy-3084021
Low-income families applying for public rental flat to get automatic ComLink support
Families that have children and are applying for public rental flats will be automatically placed under the Community Link (ComLink) programme if they are eligible.
https://www.straitstimes.com/singapore/low-income-families-applying-for-public-rental-flat-to-get-automatic-comlink-support
Singapore and Bangladesh sign memorandum of cooperation on trade and investment
Singapore and Bangladesh have signed a memorandum of cooperation on trade and investment (MCTI), Singapore’s Ministry of Trade and Industry said on Friday (Nov 18).
https://www.channelnewsasia.com/singapore/singapore-bangladesh-sign-memorandum-cooperation-trade-investment-3085501
COMPANIES’ BRIEF
Hospitality S-Reits ride on pent-up travel demand and the return of events in Q3 2022
International tourist arrivals to Singapore rose for a ninth straight month in October and this is expected to continue to grow at a gradual pace in the coming months.
https://www.businesstimes.com.sg/companies-markets/hospitality-s-reits-ride-pent-travel-demand-and-return-events-q3-2022
PropertyGuru Q3’s earnings reverses into the red at S$7.4m
Online property portal PropertyGuru on Monday (Nov 21) posted a net loss of S$7.4 million for the quarter ended Sep 30, a reversal from its profit-making performance last quarter.
https://www.businesstimes.com.sg/property/propertyguru-q3s-earnings-reverses-red-s74m
GLOBAL ECONOMY & GLOBAL REAL ESTATE
US mortgage rates post biggest drop since 1981, falling to 6.61%
https://www.businesstimes.com.sg/property/us-mortgage-rates-post-biggest-drop-1981-falling-661
EU’s hottest property market cools as 18% key rate hits lending
https://www.businesstimes.com.sg/property/eus-hottest-property-market-cools-18-key-rate-hits-lending
Londoners fight for flats in hot rental market
https://www.businesstimes.com.sg/property/londoners-fight-flats-hot-rental-market
UK must focus on growth as well as inflation: Business lobby
https://www.businesstimes.com.sg/international/uk-must-focus-growth-well-inflation-business-lobby-0
Slump in home sales is next hurdle for rebounding China developers
https://www.businesstimes.com.sg/property/slump-home-sales-next-hurdle-rebounding-china-developers
Reluctant buyers pose main threat to Beijing’s property revival efforts
https://www.businesstimes.com.sg/international/global/reluctant-buyers-pose-main-threat-beijings-property-revival-efforts
China Covid cases steady as many Beijing businesses, schools shut
https://www.businesstimes.com.sg/international/china-covid-cases-steady-many-beijing-businesses-schools-shut