Singapore Real Estate
HPL’s plan to redevelop Forum mall, voco Orchard Singapore and HPL House gets URA nod
Hotel Properties Limited (HPL) has received the nod from the Urban Redevelopment Authority (URA) to turn Forum The Shopping Mall, voco Orchard Singapore and HPL House into a massive mixed-use redevelopment.
https://www.businesstimes.com.sg/property/hpls-plan-redevelop-forum-mall-voco-orchard-singapore-and-hpl-house-gets-ura-nod
https://www.straitstimes.com/business/hpl-gets-nod-to-redevelop-forum-mall-voco-orchard-s-pore-and-hpl-house-under-ura-incentive-scheme
https://www.theedgesingapore.com/news/property/ong-beng-sengs-hpl-wins-go-ahead-redevelop-orchard-road-properties
Managing distortions from people parking money in Singapore property
In densely populated Singapore, living in a detached home in a Good Class Bungalow (GCB) Area can offer one a haven – a luxurious abode sitting on land of over 15,000 square feet, ensconced in leafy enclaves in prime locations.
https://www.businesstimes.com.sg/opinion-features/managing-distortions-people-parking-money-singapore-property
Companies’ Brief
CapitaLand Ascott Trust preferential offering closes with valid acceptances of 36.6%
CapitaLand Ascott Trust (Clas) has received valid acceptances of 36.6 per cent for the 100.5 million new stapled securities to be issued under the preferential offering announced on Aug 3.
https://www.businesstimes.com.sg/companies-markets/capitaland-ascott-trust-preferential-offering-closes-valid-acceptances-366
Oxley’s H2 loss deepens to S$83.4 million on lower revenue, higher finance costs
Mainboard-listed property developer Oxley Holdings sank further into the red in the second half of the financial year ended Jun 30, 2023, with losses deepening 311 per cent to S$83.4 million from S$20.3 million in the same period the year before.
https://www.businesstimes.com.sg/companies-markets/oxleys-h2-loss-deepens-s834-million-lower-revenue-higher-finance-costs
Global Economy & Real Estate
Australian retail sales rebound after fall, annual rate slows further
https://www.businesstimes.com.sg/international/australian-retail-sales-rebound-after-fall-annual-rate-slows-further
https://www.straitstimes.com/business/australian-retail-sales-beat-estimates-on-women-s-world-cup
China extends preferential tax policies for foreigners to 2028
https://www.businesstimes.com.sg/international/china-extends-preferential-tax-policies-foreigners-2028
Growth in China’s new home prices likely flat in 2023, affecting economy
https://www.businesstimes.com.sg/property/growth-chinas-new-home-prices-likely-flat-2023-affecting-economy
https://www.channelnewsasia.com/business/china-new-home-prices-growth-likely-flat-2023-dragging-economy-poll-3729291
Eurozone lending growth slows further as rate hikes bite
https://www.businesstimes.com.sg/international/eurozone-lending-growth-slows-further-rate-hikes-bite
German coalition seals deal on 6.5 billion euro corporate tax relief
https://www.businesstimes.com.sg/international/german-coalition-seals-deal-65-billion-euro-corporate-tax-relief
Smart helmets, wristbands for construction workers among Hong Kong Housing Society’s new tracking system aimed at improving safety
https://www.scmp.com/news/hong-kong/society/article/3232608/smart-helmets-wristbands-construction-workers-among-hong-kong-housing-societys-new-tracking-system
New Hong Kong housing director against ‘rashly’ raising minimum age to 65 for exempting public flat tenants from having to declare assets
https://www.scmp.com/news/hong-kong/society/article/3232596/new-hong-kong-housing-director-against-rashly-raising-minimum-age-65-exempting-public-flat-tenants
Japan improves view on exports for first time in three months
https://www.channelnewsasia.com/business/japan-improves-view-exports-first-time-three-months-3729506
China’s Country Garden says US$100 billion Forest City project in Johor on track
https://www.businesstimes.com.sg/companies-markets/chinas-country-garden-says-us100-billion-forest-city-project-johor-track
Forest City: Still searching for paradise
https://www.businesstimes.com.sg/international/asean/forest-city-still-searching-paradise
Thailand has no plans to raise VAT from current 7%: Finance Ministry
https://www.straitstimes.com/business/economy/thailand-has-no-plans-to-raise-vat-from-current-7-finance-ministry
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