The Leading Professional and Representative Body for the Real Estate Industry

The Leading Professional and Representative Body for the Real Estate Industry



Daily News – 24 Aug 2022 (Wed)


Bukit Batok residential redevelopment land for sale at S$42m guide price
A freehold residential redevelopment site at 30 Bukit Batok East Avenue 6 is up for sale via a public tender exercise at a guide price of S$42 million, said sole marketing agent SRI on Tuesday (Aug 23).



Singapore will enhance its value as trade, tech and talent hub to brave challenges: DPM Wong
Singapore – Singapore will enhance its value as a hub for trade, technology and talent flow even as economic uncertainties prevail amid an increasingly divisive world, said Deputy Prime Minister and Minister for Finance Lawrence Wong.

Building infrastructure, investing in R&D part of developing S’pore’s digital economy: Josephine Teo
Singapore – Singapore is laying the foundation to support the development of its digital economy and protect users from the potential dangers embedded in the emerging technologies involved.

Singapore, Malaysia conclude frameworks for further cooperation in digital and green economies
Singapore – Singapore and Malaysia have substantively concluded frameworks of cooperation in the digital and green economies, further deepening bilateral economic collaboration.

Singapore core inflation rises to 4.8% in July but official full-year forecasts unchanged
As Singapore’s core inflation rose to a 13-year high of 4.8 per cent in July, official expectations for when price increases will start to ease have been pushed back later in 2022, even as full-year forecast ranges were left unchanged.

S’pore inflation unlikely to reach double digits seen elsewhere: Experts
Singapore – Inflation rates have been climbing globally but they vary widely – from around 2 per cent in some countries to more than 10 per cent in others. Given this wide spectrum, Singapore’s latest headline inflation or headline consumer price index (CPI) of 7 per cent sits somewhere in the middle.

A pointed examination of enduring imperatives and hard truths for Singapore
The other issues that Prime Minister Lee Hsien Loong discussed in his speech deserves similar attention. These include Singapore’s external environment, economic challenges, and the necessity of long-term plans.

Higher spending, lower income gains: How to cope with inflation and rising cost of living
The prognosis is stark. Inflation in Singapore has hit levels not seen in over a decade – and prices are not easing anytime soon. The rising cost of living is also the biggest worry among Singaporeans, reveals a post-National Day Rally survey of 600 people by Milieu Insight.

Malaysia hopes to speed up revival of Singapore-KL High Speed Rail, plans for extension to Bangkok
Malaysian Prime Minister Ismail Sabri Yaakob is eager to speed up the process to revive the high-speed rail (HSR) project to link Singapore and Kuala Lumpur, after the mega project was terminated by Malaysia last year and a compensation of S$102.8 million was paid to Singapore.



Lower Covid-19 numbers ‘yet another encouraging sign’: Ong Ye Kung
There were 3,406 new local Covid-19 cases reported on Tuesday (Aug 23), with 359 hospitalised. Both figures are lower than the week before – there were 4,909 new local cases last Tuesday, and 524 hospitalisations

Covid-19: Mask-wearing only required on public transport from Aug 29; optional in taxis, private-hire cars and school buses
Singapore — As the coronavirus pandemic situation improves in Singapore, face masks will become optional in most indoor settings from Aug 29 onwards, said the Ministry of Health (MOH) on Wednesday (Aug 24).

No stay-home notice for non-vaccinated travellers entering S’pore from Aug 28, 11.59pm: MOH
Singapore — Non-fully vaccinated travellers entering Singapore will soon no longer need to undergo a seven-day stay-home notice or take a polymerase chain reaction (PCR) test upon ending their stay-home notice, said the Ministry of Health on Wednesday (Aug 24).



Biggest fear is inflation will be more persistent: Federal Reserve’s Kashkari

White House cuts FY 2022 budget deficit forecast as revenues rise

US new-home sales plummet to slowest pace since early 2016

US private sector activity contracts again in August, survey shows

Factory slump causes UK economy to stagnate in August: PMI

Britain’s labour shortage is helping drive its inflation problem

Business activity slumps globally as inflation hits consumers, feeding recession fears

Inflation pressures threaten to upend one of Europe’s hottest housing markets

Eurozone business activity contracted for second straight month in Aug: flash PMI

France unexpectedly joins Germany with shrinking economy

Australia’s slumping property market raises risk of a recession

China developer Shimao looks to repay US$11.8b debt over 3-8 years: sources

China’s fragile economy is being hammered by driest riverbeds since 1865

Japan’s inflation trend measures reach record high

Bank of Korea to raise rates on Thursday as price pressures mount: poll

Vietnam 2022 exports to rise 9.46 per cent to US$368b: ministry

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