SINGAPORE REAL ESTATE
Macly Group to start previews for River Valley condo; prices start from S$1.3m
Previews for Hill House, a new condominium project built by Macly Group, Roxy-Pacific Holdings and LWH Holdings, will start this Saturday (Nov 5) with prices starting at S$1.3 million for a one-bedroom unit.
Oxley Garden’s second attempt at S$200 million en bloc closes with no bids
Freehold Oxley Garden’s latest collective sale tender closed on Tuesday (Nov 1) without a bid. The prime District 9 site was put back on the market at the same asking price of S$200 million after a previous tender closed in June without a sale.
Row of Toa Payoh shophouses up for sale with S$15.9m guide price
A row of six Housing Development Board (HDB) shophouses along Toa Payoh have been launched for sale via an expression-of-interest (EOI) exercise with a guide price of S$15.9 million.
DPM Wong discusses bilateral cooperation with visiting Chinese Vice-Premier Han Zheng
Singapore – Deputy Prime Minister Lawrence Wong and Chinese Vice-Premier Han Zheng on Tuesday discussed the wide-ranging cooperation between both countries.
Singapore must stay open, invest in its people to seize Asia’s growth opportunities: Tan See Leng
Asia’s growing middle class, the shift to renewable energy in the face of climate change and the acceleration of digitalisation present opportunities for Singapore’s longer-term growth. To seize them, Singapore has to constantly refresh its economic strategies, stay open and invest in its people, Manpower Minister Tan See Leng said on Tuesday (Nov 1).
New money inflows to Singapore jump 59% to a record S$448b in 2021
Singapore can absorb record inflows of new money, the central bank chief said, allaying concerns of a real estate bubble even as rents and prices surge to unprecedented highs. The Asian financial hub attracted S$448 billion last year, 59 per cent higher than the previous year, the latest data from the Monetary Authority of Singapore (MAS) show.
Consumers are driving inflation in Singapore. Here’s why
Singapore – Singaporeans are worried about soaring prices, but at the same time a lot of them are still out shopping for stuff they can do without, and in the process stretching inflation out for at least another year.
Brokers’ take: Analysts keep ‘buy’ call on Capitaland Ascendas Reit, but lower target prices
Despite maintaining their “buy” calls, analysts have lowered their target prices for Capitaland Ascendas Reit : A17U 0% (Clar), citing higher financing costs and growing interest rates. DBS Group Research lowered their target from S$3.65 to S$3.40 with a forecasted FY2022 distribution per unit (DPU) of S$0.157, assuming a weighted average cost of capital (WACC) of 6.4 per cent at a risk free rate of 3.5 per cent.
Keppel DC Reit’s manager appoints Yeo Siew Eng as independent director
Keppel DC Reit’s manager announced in a bourse filing on Tuesday (Nov 1) that it has appointed Yeo Siew Eng as an independent director. Yeo is currently a director in Transit Link, a subsidiary of the Land Transport Authority, and in mainboard-listed companies Venture Corporation and Nam Lee Pressed Metal Industries.
GLOBAL ECONOMY & GLOBAL REAL ESTATE
Federal Reserve likely to persist with another big rate hike this week before slowing down
UK house prices fall after ‘mini-budget’ turmoil
Nearly one-fifth of German industrial firms scaling back due to energy crisis
New Zealand house prices suffer first annual decline in 11 years
Australia’s central bank raises rates by 25 bp as expected
China property crisis enters new phase as once-safe developers face bond distress
China property slump persists in October with falling prices, sales as Covid bites
How seriously at risk is China’s property market?
Hong Kong fights to prove it’s still a dominant financial hub
HK’s ambitious plans to attract global talent miss the wood for the trees
Weak yen prodded Bank of Japan to debate inflation pressure: minutes