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 – 25 Nov 2022 (Fri)

SINGAPORE ECONOMY

 

Singapore’s inflation may have peaked but price pressures remain, with growth also slowing in 2023
Singapore – Inflation has already peaked here, although prices will stay elevated into the new year before coming down in 2024, say economists. But there is still pain ahead, with DBS Bank senior economist Irvin Seah noting that it will be a “rough ride for some of us as the economy moves into a soft patch next year”
https://www.straitstimes.com/business/singapore-s-inflation-peaked-in-october-but-price-pressures-remain-with-growth-also-slowing-in-2023

Tipping Singapore into a recession to ease labour market tightness would be a very bad idea
Singapore’s labour market tightness – and accompanying wage pressures – has been so persistent that some wonder if it can only be cured by the economy entering a recession. But wishing for a recession is too drastic a response – it is, after all, possible to ease labour demand without going to that extreme.
https://www.businesstimes.com.sg/singapore/economy-policy/tipping-singapore-recession-ease-labour-market-tightness-would-be-very-bad

 

GLOBAL ECONOMY & GLOBAL REAL ESTATE

 

Global growth to be as weak next year as 2009, IIF forecasts
https://www.businesstimes.com.sg/international/global-growth-be-weak-next-year-2009-iif-forecasts

High mortgage rates push UK first-time buyers towards rental market: Rightmove
https://www.businesstimes.com.sg/property/high-mortgage-rates-push-uk-first-time-buyers-towards-rental-market-rightmove

China’s Covid infections hit record as economic outlook darkens
https://www.businesstimes.com.sg/international/chinas-covid-infections-hit-record-economic-outlook-darkens

China’s local governments face squeeze from US$2t in debt
https://www.businesstimes.com.sg/international/chinas-local-governments-face-squeeze-us2t-debt

China fashion tycoon to sell HK$500m prime Hong Kong office
https://www.businesstimes.com.sg/property/china-fashion-tycoon-sell-hk500m-prime-hong-kong-office

Chinese developers rally on prospects of additional financing
https://www.businesstimes.com.sg/property/chinese-developers-rally-prospects-additional-financing

China state banks pledge at least 270b yuan to builders
https://www.businesstimes.com.sg/companies-markets/banking-finance/china-state-banks-pledge-least-270b-yuan-builders
https://www.straitstimes.com/business/china-state-banks-pledge-at-least-52-billion-to-property-developers

Consumer inflation in Japan’s capital rises at fastest pace in 40 years
https://www.businesstimes.com.sg/international/consumer-inflation-japans-capital-rises-fastest-pace-40-years
https://www.straitstimes.com/business/consumer-inflation-in-japan-s-capital-rises-at-fastest-pace-in-40-years
https://www.channelnewsasia.com/business/japan-tokyo-core-consumer-prices-inflation-rises-fastest-annual-pace-40-years-3099856

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