The Leading Professional and Representative Body for the Real Estate Industry

The Leading Professional and Representative Body for the Real Estate Industry



Daily News – 26 Aug 2022 (Fri)


Public database on companies’ safety records expanded to let developers choose better contractors: Zaqy
Singapore – A public database of company safety records has been expanded to include those outside of the construction sector, to help real estate developers here better choose contractors for their projects.

Developers urged to pay contractors safety bonus as workplace accidents rise | Video
The Real Estate Developers’ Association of Singapore (REDAS) will encourage its members to pay out safety bonuses to incentivise contractors with good Workplace Safety and Health (WSH) performance.

Prime freehold resale homes now available at new leasehold suburban prices
An advertisement for a resale condominium unit shouts: “Freehold selling at leasehold price!” Another says: “S$2,064 psf for a district 9 freehold project that’s less than 9 years old.” Yet another simply states: “Cheaper than 99-year leasehold.”

Frasers Property to preview Sky Eden@Bedok on Aug 27; prices start from S$1.3m
Frasers Property will be previewing its 158-unit residential project Sky Eden@Bedok this weekend from Aug 27, with sales bookings to start from Sep 10. In a press statement on Thursday (Aug 25), the property developer said indicative prices will start from about S$1.3 million for a 2-bedroom unit at 657 square feet (sq ft), S$1.7 million for a 3-bedroom unit (893 sq ft), and S$2.6 million for a 1,302 sq ft 4-bedroom unit.


Keppel consortium acquires 80% stake in 800 Super Holdings for S$304m
Keppel Asia Infrastructure Fund (KAIF) and Keppel Infrastructure Holdings (KI) are jointly acquiring an 80 per cent interest in Singaporean environmental services company 800 Super Holdings (800 Super) for S$304 million.

Singapore’s Pan Pacific Hotels Group to open two new hotels in Tokyo next year
Singapore’s Pan Pacific Hotels Group will open two new hotels in Tokyo’s Shinjuku district next year, the hospitality firm said on Thursday (Aug 25). These two hotels are part of the ongoing Shinjuku Redevelopment Plan to spruce up the nightlife and shopping district, with new skyscrapers including offices, cinemas and malls being planned.

PropertyGuru’s Q2 net income in the black for the first time since US listing
Property portal PropertyGuru is the first among Singapore-based startups to turn profitable following its listing in the United States. For the first time since its listing in March, the property portal reported on Thursday (Aug 25) that its net income for the second quarter of FY2022 ended Jun 30 had turned positive, coming in at S$3.8 million.

Wing Tai FY2022 full-year net profit soars 222%
Property and retail company Wing Tai Holdings on Thursday (Aug 25) reported full-year net profit of S$140.2 million for FY2022, a jump of 222 per cent from S$43.6 million full-year net profit in the previous financial year.

EHT’s largest creditor speaks of disappointment as hospitality trust winds up
The winding-up process of Eagle Hospitality Trust (EHT) has shed light on certain details of the lead-up to the group’s bankruptcy, particularly the role of Urban Commons as master lessee in the downfall of the trust. And at least 1 creditor is disappointed with how the affair has been handled from start to finish.


US mortgage rates soar to 5.55%, renewing squeeze on homebuyers

Key US growth measures diverge, complicating recession debate

German business confidence falls as economy nears standstill

German economy beats expectations with 0.1% growth in Q2

UK consumers, facing inflation leap, cut spending on cards again

UK housing crisis sparks investor bet on homeless accommodation

ECB accounts show overwhelming inflation concerns

Eurozone is already in recession on energy squeeze, UBS says

Some Chinese financiers cold-shoulder Beijing’s property rescue call: sources

China property developers to see marginal ease in liquidity pressure: UOBKH

Hong Kong’s exodus shrinks workforce in threat to financial-hub status

Tokyo prices hit fastest pace since 1992 barring tax hikes

BOJ policymaker vows to keep ultra-low rates, warns of economic risks

Vietnam Jan-Aug FDI inflows up 10.5% yoy


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