The Leading Professional and Representative Body for the Real Estate Industry

The Leading Professional and Representative Body for the Real Estate Industry

DAILY NEWS

 

Daily News 22, 23 & 24 June 2024 (Sat, Sun & Mon)

Singapore Real Estate/Built Environment

 

Real estate players home in on student housing to cushion their portfolios
Property groups and asset managers are putting more money into student housing, a sector that is proving to be a solid defence against the diminishing returns and crumbling valuations elsewhere in their portfolios.
https://www.businesstimes.com.sg/property/real-estate-players-home-student-housing-cushion-their-portfolios

 

OK Lim’s Good Class Bungalow in Tanglin Hill goes on sale for S$43 million
Another Good Class Bungalow belonging to Hin Leong founder Lim Oon Kuin, better known as OK Lim, has been put up for sale by tender at a guide price of S$43 million.
https://www.businesstimes.com.sg/property/ok-lims-good-class-bungalow-tanglin-hill-goes-sale-s43-million
https://www.straitstimes.com/business/convicted-hin-leong-founder-ok-lim-puts-up-third-gcb-for-sale-for-43m

 

Over 8,500 flats set to be launched in October BTO exercise, about half may be Plus units: Analysts
Singapore: More than 8,500 flats are set to be launched in the Build-to-Order (BTO) exercise in October, with property analysts expecting nearly half to be under the new Plus category.
https://www.channelnewsasia.com/singapore/october-bto-exercise-bayshore-pasir-ris-hdb-plus-flats-analysts-4426681

 

HDB, condo rents soften in May as leasing volumes dip
Rents for Housing and Development Board (HDB) flats have fallen for the first time since January, as renters are looking towards the condo market, where rents continue to soften.
https://www.businesstimes.com.sg/property/hdb-condo-rents-soften-may-leasing-volumes-dip-srx-99-co
https://www.straitstimes.com/singapore/hdb-and-condo-rents-soften-in-may-as-leasing-volumes-dip

 

 

Views, Reviews, Forum and Others

 

URA to re-evaluate stance over Chinatown mural featuring smoking samsui woman after public feedback
Singapore: The Urban Redevelopment Authority (URA) is re-evaluating its position over a Chinatown shophouse mural depicting a young samsui woman smoking, due to recent public feedback.
https://www.channelnewsasia.com/singapore/south-bridge-road-chinatwon-shophouse-mural-ura-samsui-woman-smoking-erase-reevaluate-4428581

 

No cases of casinos in Singapore directly complicit in money laundering: Report
Singapore – Casinos everywhere tend to be awash with cash and so are prime venues for money laundering, but there is no evidence that the gambling facilities in Marina Bay Sands and Resorts World Sentosa have been involved in such activity.
https://www.straitstimes.com/business/no-cases-of-casinos-in-singapore-directly-complicit-in-money-laundering-report

 

No human cases of bird flu in Singapore but public urged to stay vigilant: MOH
Singapore – While there are no confirmed human cases of bird flu in Singapore and the risk of contracting it is low, the Republic needs to stay vigilant and safeguard against infections, the Ministry of Health (MOH) said.
https://www.straitstimes.com/singapore/no-human-cases-of-bird-flu-here-but-singapore-needs-to-be-vigilant-moh

 

 

Global Economy & Real Estate

 

Central banks could increase gold reserves further as shine of US dollar dims: analysts
https://www.businesstimes.com.sg/companies-markets/central-banks-could-increase-gold-reserves-further-shine-us-dollar-dims-analysts

 

How long will high US interest rates last? Bond markets say maybe forever
https://www.straitstimes.com/business/how-long-will-high-us-interest-rates-last-bond-markets-say-maybe-forever

 

US business activity inches up in June; price pressures abating
https://www.businesstimes.com.sg/international/us-business-activity-inches-june-price-pressures-abating

 

US existing home sales fall in May as prices hit record high, mortgage rates rise
https://www.businesstimes.com.sg/property/us-existing-home-sales-fall-may-prices-hit-record-high-mortgage-rates-rise

 

The US housing market is weird and ugly
https://www.businesstimes.com.sg/property/us-housing-market-weird-and-ugly

 

Oil prices ease on strong dollar and mixed global economic news
https://www.straitstimes.com/business/companies-markets/oil-prices-ease-on-strong-dollar-mixed-global-economic-news
https://www.channelnewsasia.com/business/oil-prices-set-second-week-gains-signs-demand-improving-4425871

 

China, Australia to issue five-year visas to citizens for tourism, business
https://www.businesstimes.com.sg/international/china-australia-issue-five-year-visas-citizens-tourism-business

 

Mainland Chinese retailers struggle to survive Hong Kong’s sky-high rents, competition
https://www.scmp.com/business/china-business/article/3267728/mainland-retailers-struggle-survive-hong-kongs-sky-high-rents-fierce-competition?module=top_story&pgtype=subsection

 

China’s property sales outlook worse than ratings firms expect
https://www.businesstimes.com.sg/property/chinas-property-sales-outlook-worse-ratings-firms-expect

 

China aims to solve property puzzle with affordable housing push, but debt cloud remains
https://www.scmp.com/economy/china-economy/article/3267550/china-aims-solve-property-puzzle-affordable-housing-push-debt-cloud-remains

 

Chinese developers face make-or-break week in liquidation cases
https://www.businesstimes.com.sg/property/chinese-developers-face-make-or-break-week-liquidation-cases
https://www.straitstimes.com/business/four-chinese-developers-face-make-or-break-week-in-liquidation-cases

 

Dubai real estate’s resilience may signal end of boom-bust cycle
https://www.businesstimes.com.sg/property/dubai-real-estates-resilience-may-signal-end-boom-bust-cycle

 

Eurozone business recovery slows sharply in June, PMI shows
https://www.businesstimes.com.sg/international/eurozone-business-recovery-slows-sharply-june-pmi-shows

 

Upturn in German business activity slows in June, PMI shows
https://www.businesstimes.com.sg/international/upturn-german-buiness-activity-slows-june-pmi-shows

 

EU tariffs on China not a ‘punishment’, says German economy minister
https://www.businesstimes.com.sg/international/eu-tariffs-china-not-punishment-says-german-economy-minister
https://www.channelnewsasia.com/world/german-ministers-visit-chance-defuse-trade-tensions-china-state-media-say-4426061

 

German residential property prices keep falling in Q1
https://www.businesstimes.com.sg/property/german-residential-property-prices-keep-falling-q1

 

Elite Hong Kong club crashes market for HK$2 million memberships
https://www.businesstimes.com.sg/international/elite-hong-kong-club-crashes-market-hk2-million-memberships

 

Hong Kong bankruptcies hit 2-year monthly high with more than 870 filings in May
https://www.scmp.com/news/hong-kong/hong-kong-economy/article/3267597/hong-kong-bankruptcies-spike-2-year-high-may-more-870-filings?module=top_story&pgtype=subsection

 

Hong Kong eyeing Southeast Asia and Europe to diversify talent pool: labour chief
https://www.scmp.com/news/hong-kong/hong-kong-economy/article/3267665/hong-kong-eyeing-southeast-asia-and-europe-diversify-talent-pool-labour-chief?module=top_story&pgtype=subsection

 

80% of submissions on Hong Kong’s San Tin Technopole oppose plan amid environmental worries
https://www.scmp.com/news/hong-kong/health-environment/article/3267652/80-submissions-hong-kongs-san-tin-technopole-oppose-plan-amid-environmental-worries

 

Hong Kong housing rents reach pre-pandemic levels on mainland demand
https://www.straitstimes.com/business/hong-kong-housing-rents-reach-pre-pandemic-levels-on-mainland-demand

 

Discounts drive new home sales at SHKP’s Novo Land in Tuen Mun as buyer sentiment improves
https://www.scmp.com/property/article/3267655/discounts-drive-new-home-sales-shkps-novo-land-tuen-mun-buyer-sentiment-improves?module=top_story&pgtype=subsection

 

Actress Ada Choi, other cash-rich buyers are splurging on Hong Kong’s property. Here’s why
https://www.scmp.com/property/article/3267604/cash-rich-hong-kong-buyers-invest-luxury-properties-following-end-cooling-curbs?module=top_story&pgtype=subsection

 

Indonesia uses cloud seeding as rain hampers new city’s construction
https://www.businesstimes.com.sg/international/asean/indonesia-uses-cloud-seeding-rain-hampers-new-citys-construction

 

Japan vows to bring primary budget to surplus next fiscal year
https://www.businesstimes.com.sg/international/japan-vows-bring-primary-budget-surplus-next-fiscal-year

 

BOJ deputy governor Uchida signals readiness to raise rates further
https://www.channelnewsasia.com/business/boj-deputy-governor-uchida-signals-readiness-raise-rates-further-4426406

 

Japan PM extends fuel subsidy, temporary support for household utility bills
https://www.businesstimes.com.sg/international/japan-pm-extends-fuel-subsidy-temporary-support-household-utility-bills
https://www.channelnewsasia.com/business/japan-pm-extends-fuel-subsidy-temporary-support-household-utility-bills-4426241

 

Malaysia’s Johor starts coastal clean-up following reported spread from Singapore oil spill
https://www.channelnewsasia.com/asia/malaysia-johor-pollution-singapore-oil-spill-4426236

 

South Korea’s early trade data show export momentum softening in June
https://www.straitstimes.com/business/south-korea-s-early-trade-data-show-export-momentum-softening-in-june

 

Thai exports rise for second month in May, beat forecast
https://www.businesstimes.com.sg/international/thai-exports-rise-second-month-may-beat-forecast

 

Thailand approves VAT on cheap imported goods, official says
https://www.businesstimes.com.sg/international/thailand-approves-vat-cheap-imported-goods-official-says

 

UK retail sales rebound in May but shoppers still cautious
https://www.businesstimes.com.sg/international/uk-retail-sales-rebound-may-shoppers-still-cautious

 

UK’s Manchester Airport cancels flights from two terminals after power cut
https://www.businesstimes.com.sg/international/uks-manchester-airport-cancels-flights-two-terminals-after-power-cut
https://www.channelnewsasia.com/world/uk-manchester-airport-widespread-disruption-power-cut-4430201 

 

Vietnam central bank says 2024 GDP growth seen meeting 6%-6.5% target
https://www.businesstimes.com.sg/international/asean/vietnam-central-bank-says-2024-gdp-growth-seen-meeting-6-6-5-target

 

Disclaimer & Note:

Real Estate Developers’ Association of Singapore (REDAS) does not warrant the accuracy, adequacy or completeness of the information and expressly disclaims liability for errors or omissions therein. The content, accuracy, and opinions expressed are not investigated, verified, monitored, nor endorsed by REDAS. Every effort is taken to ensure that all information extracted is correct at the time of dissemination.

The Daily News is issued as news gathering for the convenience and benefits of REDAS’ members only and not for mass circulation. Members are advised to exercise discretion in the use and dissemination of the information. The news links are time-sensitive and require registration of fee-based digital subscriptions.

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