Singapore Real Estate
Singapore hotel industry making room for more ‘bleisure’ travellers in 2024
Singapore – Get used to the word “bleisure”. It may sound like slang that grates on language purists, but the portmanteau of business and leisure describes a travel trend that is music to Singapore hoteliers’ ears.
Commentary: Home rents are set to moderate in 2024. What does this mean for tenants and landlords?
The housing rental market has undergone significant changes in recent times and may be shifting in favour of tenants soon. Following two years of continuous increases, rental prices have largely remained stagnant, indicating that both markets for private apartments and Housing and Development Board (HDB) flats have approached a stable phase.
Singapore Economy
Singapore travel and hospitality players upbeat on full return of visitors in 2024
Singapore – The post-Covid-19 travel bug is proving to be tenacious, especially among those in the Asia-Pacific region, and this should help see Singapore’s tourism and travel sector through 2023 and beyond.
Family offices in Singapore to face tougher screening measures
Singapore – Wealthy families interested in setting up single family offices (SFOs) in Singapore and want to tap tax incentives offered by the Monetary Authority of Singapore (MAS) will be facing enhanced checks by the regulator almost immediately.
https://www.straitstimes.com/business/family-offices-in-singapore-to-face-tougher-screening-measures
Jobs, capital for businesses: Benefits family offices can bring to the economy
Singapore – Family offices have made a positive contribution to Singapore’s economy and it should not be ignored simply because of a few rogue players, said industry experts, addressing the negative publicity linked to them recently.
Companies’ Brief
GuocoLand’s unit signs JV agreement to develop land in Singapore
GuocoLand’s unit has entered into a joint venture agreement for the property development in Singapore, parent Guoco Group said on Dec 18. The agreement signed with Intrepid Investments and CSC Land Group (Singapore) would see GuocoLand (Singapore) (GSL) taking up the acquisition, development and dealing of the property located at Lentor Central in Singapore.
Wharf Holdings hotel arm eyes more openings in China and international markets on expectations of rising corporate travel
Wharf Hotels, the hospitality arm of property developer Wharf Holdings, is expanding its footprint in mainland China as the country’s tourism sector rebounds, in a move that also reflects its anticipation of higher occupancy ratios and increased room rates as corporate spending surges.
Global Economy & Real Estate
Business travel emissions drop as many firms fly less: survey
US homebuilder confidence brightens as interest rates ease
https://www.businesstimes.com.sg/property/us-homebuilder-confidence-brightens-interest-rates-ease
Australia central bank considered hiking again in December, paused for more data
Business travel emissions drop as many firms fly less: survey
Business-leisure travel, long-stay services next growth opportunity for hoteliers
China’s economic conditions to improve in 2024: officials
ECB must see inflation below 3% by mid-2024 before cutting rates: policymaker
German business expectations fall, dampening hope of rebound
Hong Kong billionaire Cheng Family’s NWS reshuffles leaders amid succession saga
Hong Kong’s first government-led ‘community living room’ opens to subdivided flat tenants
Bank of Japan to focus on Japan’s progress in hitting price goal
https://www.businesstimes.com.sg/international/bank-japan-focus-japans-progress-hitting-price-goal
Malaysia has no plans to reimpose pandemic-era COVID-19 curbs, says health minister
https://www.channelnewsasia.com/asia/malaysia-covid-19-restrictions-mco-vaccines-sufficient-3996801
Thailand plans global tender for 1 trillion baht Landbridge project to help bypass Malacca Strait
UK recession risk returns with data signalling possible downgrade
Vietnam property developer faces trial over 304 trillion dong bond fraud
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