Singapore Real Estate
Singapore further raises private housing supply to highest in 10 years
Singapore: Singapore has increased the private housing supply on the Confirmed List of the Government Land Sales (GLS) Programme for the second half of the year to 5,160 units, up from 4,090 in the first six months.
https://www.channelnewsasia.com/singapore/ura-private-housing-supply-raise-highest-decade-3576606
https://www.businesstimes.com.sg/property/orchard-road-zion-road-sites-among-8-state-land-plots-be-offered-h2-private-housing
Lentor Hills Residences to start preview at prices from S$945,000
Lentor Hills Residences will start previews on Saturday (Jun 24), with sales bookings scheduled to begin on Jul 8, said Hong Leong Holdings in a press release. Lentor Hills Residences is the second project to come to market in the new Lentor Hills estate, which will eventually house five new condominiums totalling some 3,500 units.
https://www.businesstimes.com.sg/property/lentor-hills-residences-start-preview-prices-s945000
https://www.edgeprop.sg/property-news/lentor-hills-residences-preview-june-24-prices-945000
Charming Garden makes third and final bid at collective sale with same S$175 million guide price
Charming Garden in District 10 will be relaunched for collective sale for the final time on Thursday (Jun 22), with an unchanged guide price of S$175 million. This is the condominium’s third en bloc attempt after it was put up for sale in December 2022 and March 2023 without securing a suitable buyer.
https://www.businesstimes.com.sg/property/charming-garden-makes-third-and-final-bid-collective-sale-same-s175-million-guide-price
https://www.edgeprop.sg/property-news/charming-garden-launches-third-collective-sale-attempt-owners-maintain-175-mil-asking-price
Singapore Economy
MAS proposes framework for use of digital money in Singapore
Singapore – Digital money has the potential to facilitate more efficient transactions and enhance financial inclusion, especially in today’s world of rapid digitalisation, but it is not without its challenges.
https://www.straitstimes.com/business/mas-proposes-framework-for-use-of-digital-money-in-singapore
Helping SMEs tackle issues of liquidity, business development and efficiency
Singapore’s small and medium enterprises (SMEs) are the heartbeat of the economy, making up 99 per cent of enterprises and accounting for about 70 per cent of the labour force. Yet how can they continue to grow and succeed in an increasingly challenging and complex global environment?
https://www.businesstimes.com.sg/singapore/smes/helping-smes-tackle-issues-liquidity-business-development-and-efficiency
Views, Reviews Forum and Others
Companies hand out cash or beef up perks to cushion employees against inflation
To help employees cope with the rising cost of living, some Singapore companies are providing cash allowances, one-off payouts or improved staff benefits.
https://www.businesstimes.com.sg/singapore/companies-hand-out-cash-or-beef-perks-cushion-employees-against-inflation
Worker dies after being electrocuted during solar panel installation
Singapore – A worker died after being electrocuted while installing solar panels on the rooftop of a building on June 12 with a group of workers. During the installation, he noticed an exposed cable arcing and emitting smoke, said the Workplace Safety and Health (WSH) Council in an alert on Wednesday.
https://www.straitstimes.com/singapore/worker-dies-after-being-electrocuted-during-solar-panel-installation
Two companies accused of using drone at construction sites without permits
Singapore – Two companies were charged in court on Wednesday with using a drone at construction sites multiple times without the required permits.
https://www.straitstimes.com/singapore/courts-crime/two-companies-accused-of-using-drone-at-construction-sites-without-permits
High risk of severe transboundary haze in 2023 due to hotter, drier weather: Local think-tank
Singapore – There is a high risk in 2023 of severe transboundary haze in Indonesia, Malaysia, Singapore and the surrounding region with hotter and drier weather predicted, especially as the warmer El Nino is expected to return, said local think-tank Singapore Institute of International Affairs (SIIA) in its latest Haze Outlook report.
https://www.straitstimes.com/singapore/environment/high-risk-of-severe-transboundary-haze-this-year-due-to-hotter-drier-weather-local-think-tank
https://www.businesstimes.com.sg/international/asean/el-nino-raising-risk-south-east-asia-haze-crisis-year
https://www.todayonline.com/singapore/high-risk-severe-transboundary-haze-2023-singapore-public-prepared-2197946
https://www.channelnewsasia.com/singapore/high-risk-severe-transboundary-haze-2023-public-advised-be-prepared-singapore-institute-3579081
Global Economy & Real Estate
Fed’s Powell says higher interest rates needed to curb inflation
https://www.businesstimes.com.sg/international/feds-powell-says-higher-interest-rates-needed-curb-inflation
https://www.straitstimes.com/business/economy/fed-chief-jerome-powell-long-way-to-go-on-inflation-defends-bank-regulatory-review
Inflation would be same today even if Fed had hiked interest rates earlier, new model shows
https://www.businesstimes.com.sg/international/inflation-would-be-same-today-even-if-fed-had-hiked-interest-rates-earlier-new-model
US home listings plummet as high mortgage rates tie owners down
https://www.businesstimes.com.sg/property/us-home-listings-plummet-high-mortgage-rates-tie-owners-down
Britain’s stubborn inflation fails to fall as forecast in May
https://www.straitstimes.com/business/uks-stubborn-inflation-fails-to-fall-as-forecast-in-may
UK inflation overshoots again, heaping pressure on BOE
https://www.businesstimes.com.sg/international/uk-inflation-overshoots-again-heaping-pressure-boe
https://www.channelnewsasia.com/business/high-inflation-hinders-uk-cost-living-fight-3577076
UK minister rules out significant financial help for mortgage holders
https://www.businesstimes.com.sg/property/uk-minister-rules-out-significant-financial-help-mortgage-holders
New Zealand posts first lift in monthly house sales in two years
https://www.businesstimes.com.sg/property/new-zealand-posts-first-lift-monthly-house-sales-two-years
Germany’s recession will be sharper than expected: Ifo
https://www.businesstimes.com.sg/international/germanys-recession-will-be-sharper-expected-ifo
Swedish housing-start data paints brighter picture after slump
https://www.businesstimes.com.sg/property/swedish-housing-start-data-paints-brighter-picture-after-slump
Australia’s home-loan market is resilient to RBA hikes: S&P
https://www.businesstimes.com.sg/property/australias-home-loan-market-resilient-rba-hikes-sp
Hong Kong’s Kerry Properties wins downtown Shanghai land tender for US$1.25 billion
https://www.scmp.com/business/companies/article/3224796/hong-kongs-kerry-properties-wins-downtown-shanghai-land-tender-us125-billion
Hong Kong borrowing rates’ catchup with US stymies carry trade
https://www.businesstimes.com.sg/international/hong-kong-borrowing-rates-catchup-us-stymies-carry-trade
Japan, Netherlands sign chip cooperation agreement
https://www.businesstimes.com.sg/international/japan-netherlands-sign-chip-cooperation-agreement
Japan sees 1.9 million visitors in May, down from cherry blossom rush
https://www.businesstimes.com.sg/international/japan-sees-19-million-visitors-may-down-cherry-blossom-rush
https://www.channelnewsasia.com/asia/japan-sees-19-million-visitors-3577096
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