Singapore Real Estate
More buzz on investment scene for office buildings, malls and hotels
There seems to be a growing wave of excitement in Singapore’s property investment scene for office buildings and malls; the fervour also appears to have extended to hospitality assets.
https://www.businesstimes.com.sg/property/more-buzz-investment-scene-office-buildings-malls-and-hotels
Singapore’s visitor arrivals dip in August as travel demand cools due to seasonal factors
Singapore’s international visitor arrivals slipped to 1.31 million in August, as inbound travel tapered off due to seasonal tourism demand. August’s reading was slightly down from the 1.42 million recorded in July, based on Singapore Tourism Board’s latest data released on Wednesday (Sep 20).
https://www.businesstimes.com.sg/singapore/singapores-visitor-arrivals-dip-august-travel-demand-cools-due-seasonal-factors
Companies’ Brief
Casa Holdin
Casa Holdings C04 0.00% announced that its joint venture company (JVCo), VMD Development, which was jointly incorporated by its wholly owned subsidiary, Casa Property Holdings together with VMD, has on Sept 20 disposed three pieces of vacant land for a consideration of RM32.7 million ($9.5 million).
https://www.theedgesingapore.com/capital/ma/casa-holdings-disposes-jv-property-95-mil
Transition finance is a key part of Standard Chartered’s future road map
The business of transition finance is fraught with challenges, from a lack of clarity on taxonomies, regulations and incentives, to the high cost of decarbonisation in certain sectors.
https://www.businesstimes.com.sg/international/global/transition-finance-key-part-standard-chartereds-future-road-map
Lendlease launches new protocol for Scope 3 emissions
Lendlease Group on Tuesday (Sep 19) launched a new protocol for Scope 3 emissions comprising 90 per cent of its global carbon footprint. These emissions come from upstream activities such as manufacturing building materials, and downstream activities such as the use of electricity and natural gas by its building tenants, the Australian developer said.
https://www.businesstimes.com.sg/esg/lendlease-launches-new-protocol-scope-3-emissions
https://www.edgeprop.sg/property-news/lendlease-launches-new-protocol-addressing-scope-3-emissions-0
VIEWS, REVIEWS, FORUM AND OTHERS
Assets involved in anti-money laundering probe balloon to S$2.4 billion
Assets seized in Singapore’s biggest anti-money laundering blitz have swelled to S$2.4 billion, the Singapore Police Force announced on Wednesday (Sep 20).
https://www.businesstimes.com.sg/companies-markets/assets-involved-anti-money-laundering-probe-balloon-s24-billion
https://www.straitstimes.com/singapore/courts-crime/cash-assets-seized-and-frozen-in-money-laundering-case-now-worth-over-24b-police
https://www.todayonline.com/singapore/billion-dollar-money-laundering-case-assets-seized-or-frozen-grow-more-s24b-2259536
https://www.channelnewsasia.com/singapore/billion-dollar-money-laundering-case-24-billion-assets-police-3785731
https://www.theedgesingapore.com/news/regulatory-action/value-assets-seized-part-money-laundering-probe-increases-24-billion
Singapore wealth management players unfazed by money laundering probe, welcome strong regulatory action
Wealth management industry players said the recent probe into a money laundering ring should be viewed in a positive light, and should enhance Singapore’s position as a hub for the region’s richest.
https://www.businesstimes.com.sg/companies-markets/banking-finance/singapore-wealth-management-players-unfazed-money-laundering
askST: Do I still need a Covid-19 booster jab now that the pandemic is over?
Singapore – The Republic will be bringing in the latest Covid-19 vaccines by the end of October. The Health Sciences Authority has approved Pfizer’s new vaccine and is reviewing Moderna’s vaccine.
https://www.straitstimes.com/singapore/askst-do-i-still-need-a-covid-19-booster-jab-now-that-the-pandemic-is-over
Global Economy & Real Estate
US Federal Reserve leaves interest rates unchanged, sees tighter policy through next year
https://www.businesstimes.com.sg/companies-markets/banking-finance/us-federal-reserve-leaves-interest-rates-unchanged-sees-tighter
https://www.straitstimes.com/business/economy/fed-leaves-rates-unchanged-sees-tighter-policy-through-2024
https://www.todayonline.com/world/us-fed-pauses-rate-hikes-predicts-long-fight-against-inflation-2259851
https://www.channelnewsasia.com/business/us-fed-pauses-rate-hikes-predicts-long-fight-against-inflation-3786681
https://www.theedgesingapore.com/news/us-economy/fed-signals-higher-longer-rates-hikes-almost-finished
Australia’s housing crisis worsens by the day
https://www.businesstimes.com.sg/property/australias-housing-crisis-worsens-day
China property crisis weighs on developing Asia’s 2023 growth outlook: ADB
https://www.straitstimes.com/business/china-property-crisis-weighs-on-developing-asias-2023-growth-outlook-adb
China eases visa application process to attract foreign visitors
https://www.businesstimes.com.sg/international/china-eases-visa-application-process-attract-foreign-visitors
Hundreds of buyers queue up for Dubai’s US$5 million palm-island homes
https://www.businesstimes.com.sg/property/hundreds-buyers-queue-dubais-us5-million-palm-island-homes
Finland’s housing prices still have room to drop: OP Group
https://www.businesstimes.com.sg/property/finlands-housing-prices-still-have-room-drop-op-group
Where are the expats? Hong Kong’s talent drive fails to bring back foreigners, and it’s worrying some experts
https://www.scmp.com/news/hong-kong/hong-kong-economy/article/3235132/where-are-expats-hong-kongs-talent-drive-fails-bring-back-foreigners-and-its-worrying-some-experts
HKMA takes a second break from raising its base rate after US Fed’s ‘hawkish skip,’ giving Hong Kong’s businesses and borrowers a breather
https://www.scmp.com/business/article/3235251/hkma-takes-second-break-raising-its-base-rate-after-us-feds-hawkish-skip-giving-hong-kongs
Hong Kong’s Henderson Land, NGO team up to offer transitional housing for dozens of families living in subpar conditions
https://www.scmp.com/news/hong-kong/hong-kong-economy/article/3235210/hong-kongs-henderson-land-ngo-team-offer-transitional-housing-dozens-families-living-subpar
Japan receives more than 2 million visitors for 3rd straight month in August
https://www.straitstimes.com/business/economy/japan-receives-more-than-2-million-visitors-for-3rd-straight-month-in-august
Japan to pull together pillars of economic package early next week: PM
https://www.businesstimes.com.sg/international/global/japan-pull-together-pillars-economic-package-early-next-week-pm
Japan land prices rise on chipmaking factories, tourism rebound
https://www.businesstimes.com.sg/property/japan-land-prices-rise-chipmaking-factories-tourism-rebound
New Zealand second-quarter GDP expands faster than expected
https://www.businesstimes.com.sg/international/new-zealand-second-quarter-gdp-expands-faster-expected
High-rises sweep Sao Paulo, but boom casts shadows
https://www.businesstimes.com.sg/property/high-rises-sweep-sao-paulo-boom-casts-shadows
Sweden’s property hopes dashed as convertible bond sale pulled
https://www.businesstimes.com.sg/property/swedens-property-hopes-dashed-convertible-bond-sale-pulled
UK inflation unexpectedly falls, raising questions about BOE rate plan
https://www.businesstimes.com.sg/international/uk-inflation-unexpectedly-falls-raising-questions-about-boe-rate-plan
UK house prices post weakest increase since 2012
https://www.businesstimes.com.sg/property/uk-house-prices-post-weakest-increase-2012
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