The Leading Professional and Representative Body for the Real Estate Industry

The Leading Professional and Representative Body for the Real Estate Industry



Daily News – 28 Jan 2023 (Sat)

Singapore Real Estate


Housing market has slowed, government to monitor prices and borrowing: DPM Heng
The pace of property price increases in the last quarter has slowed and sales volume is down after fresh cooling measures kicked in last year, but the government will continue to watch prices and borrowing, said Deputy Prime Minister Heng Swee Keat.


Private home prices up 0.4% in Q4 for full-year gain of 8.6%, but future increases expected to slow
In the face of a looming global recession, a fresh round of cooling measures, a high-interest-rate environment and lack of launches, private home prices in Singapore inched up 0.4 per cent in the fourth quarter of 2022.


Strong central region office rent growth figures in Q4, full-year 2022 belie signs of caution in market
Beneath the robust headline figure showing a 5.1 per cent quarter-on-quarter growth in the Urban Redevelopment Authority’s (URA) central region office rental index for the fourth quarter of 2022, signs of caution are already setting in for the Singapore office market.


Retail sector in better shape than a year ago, say market watchers
Official data shows a bigger drop in Singapore retail rents in the fourth quarter of last year than in the preceding quarter, but market observers say that although landlords are collecting less rent, the retail sector is in a much better place than it was a year ago.


HDB resale price growth slows to 10.4% for 2022 as prices flatten, sales fall in Q4
The red-hot housing market may finally be showing signs of cooling, say analysts, with resale prices of public housing flats flattening out and sales volume falling in the fourth quarter of 2022. Data from the Housing and Development Board (HDB) showed prices of resale flats rising by 2.3 per cent from the previous three months – making for the slowest growth in the past year.



Companies’ Brief


Rental reversions for Keppel Reit’s Singapore CBD offices hit 23.4% in Q4
Keppel Reit secured positive rental reversions of 23.4 per cent for its office assets in Singapore’s central business district (CBD) in the fourth quarter of 2022, bringing its portfolio’s reversions for the full year to 10 per cent, its head of asset management Rodney Yeo said.


Starhill Global Reit posts 2.2% rise in H1 FY22/23 DPU
Starhill Global Reit posted a distribution per unit (DPU) that was 2.2 per cent higher at S$0.0182 for the first half of FY2022/2023 ended Dec 31, 2022, compared with S$0.0178 in the corresponding year-ago period.



Global Economy & Real Estate


Key inflation gauge cools further, paving way for smaller Fed rate hike


US consumer spending ends 2022 on weaker footing; inflation slowing


US inflation expectations extend retreat, buoy consumers’ mood


US pending home sales post first gain in seven months in December


European mortgages tumble 70% to lowest since Covid on rate jump


Londoners are selling homes on WhatsApp in booming private sales market


Half of Britons struggle with soaring cost of running households


UK’s Hunt pledges to boost growth but won’t budge on tax hikes 


New Zealand business confidence improves, still weak: ANZ survey


IMF urges Sweden to boost capacity to deal with property risks


Irish real estate returns drop amid higher interest rates


China domestic tourism picks up over New Year holiday as Covid curbs end


Young Chinese say real estate isn’t the nest egg it was once all cracked up to be


Hong Kong home prices drop 15.6% in 2022, snap 13 years of gain


Landsec sells London office property to Hong Kong developer for $432 million


Japan PM says can’t rule out return of deflation despite price spike


Consumer inflation in Japan’s capital exceeds BOJ goal for 8th month


No shame in getting tips on housing from Singapore, says Malaysian MP


Johor pins hopes on border reopening to ease property overhang



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