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The Leading Professional and Representative Body for the Real Estate Industry

DAILY NEWS

 

Daily News – 29 August 2024 (Thu)

Singapore Real Estate / Built Environment

 

New community care apartments in Bukit Batok ‘soon to be completed’: Amy Khor
Singapore – Singapore’s first assisted living public housing flats in Bukit Batok West Avenue 9 are on their way to welcoming new residents, after a three- to four-month delay to the project’s completion date due to issues with its former main contractor.
https://www.straitstimes.com/singapore/new-community-care-apartments-at-bukit-batok-soon-to-be-completed-amy-khor

 

The new housing project in Chai Chee is expected to launch more than 1,000 standard HDB flats
The former secondary school site on Bedok Chai Chee Street is planned to be used as a housing project. Analysts expect that the authorities will launch more than 1,000 standard HDB flats under the new HDB classification framework here, with the estimated price of a four-room flat ranging from S$420,000 to S$530,000.
https://www.zaobao.com.sg/news/singapore/story20240828-4564503

 

 

Singapore Economy

 

Singapore must not let trend of ‘excessive’ individualism, populism affect local politics: Chee Hong Tat
Singapore must avoid the “slippery slope” of excessive individualism, populism and short-termism, which have gained “dangerous traction” of late and become dominant driving forces in the politics of some of the world’s largest economies, said Transport Minister and Second Finance Minister Chee Hong Tat on Wednesday (Aug 28).
https://www.businesstimes.com.sg/singapore/singapore-must-not-let-trend-excessive-individualism-populism-affect-local-politics-chee-hong-tat
https://www.straitstimes.com/singapore/key-to-use-s-pore-s-resources-responsibly-rather-than-indulge-in-fiscal-fantasies-chee-hong-tat
https://www.zaobao.com.sg/news/singapore/story20240829-4565363?ref=today-news-section-card-1

 

‘We do not take sides, we uphold principles’: Vivian on Singapore’s foreign policy approach
Singapore – Singapore’s foreign policy approach is not to be neutral, but to act in a principled and consistent way based on long-term national interests, said Foreign Minister Vivian Balakrishnan on Aug 27.
https://www.straitstimes.com/singapore/we-do-not-take-sides-we-uphold-principles-vivian-on-singapore-s-foreign-policy-approach
https://www.zaobao.com.sg/news/singapore/story20240828-4561375

 

Singapore insurers come under closer MAS watch over reinsurance contracts
Singapore – Insurers in Singapore will be more closely watched by the financial regulator, especially when it comes to reinsurance, or insurance for insurers. Industry players here who sell their risks to reinsurers have been asked to submit the terms and conditions of their contracts to the Monetary Authority of Singapore (MAS).
https://www.straitstimes.com/business/singapore-insurers-come-under-closer-mas-watch-over-reinsurance-contracts

 

 

Global Economy & Real Estate

 

US mortgage rates drop again to lowest level since April 2023
https://www.businesstimes.com.sg/property/us-mortgage-rates-drop-again-lowest-level-april-2023

 

Soaring insurance costs could ‘end’ affordable housing in US, developers warn
https://www.businesstimes.com.sg/property/soaring-insurance-costs-could-end-affordable-housing-us-developers-warn

 

Apple cuts jobs in digital services groups as priorities shift
https://www.businesstimes.com.sg/companies-markets/telcos-media-tech/apple-cuts-jobs-digital-services-groups-priorities-shift
https://www.straitstimes.com/business/companies-markets/apple-cuts-about-100-jobs-in-online-services-group-as-priorities-shift
https://www.channelnewsasia.com/business/apple-cuts-about-100-jobs-its-services-division-bloomberg-news-reports-4571326

 

UBS sees growth in all Asia regions
https://www.businesstimes.com.sg/international/ubs-sees-growth-all-asia-regions
https://www.straitstimes.com/business/ubs-sees-growth-in-all-asia-regions-as-singapore-and-australia-lead-the-way-in-second-quarter

 

No better time than now to invest in Asean
https://www.businesstimes.com.sg/international/global/no-better-time-now-invest-asean

 

Australian inflation cools, RBA set to retain hawkish bias
https://www.businesstimes.com.sg/international/australian-inflation-cools-rba-set-retain-hawkish-bias

 

China’s empty office glut supercharges Hilton’s expansion plans
https://www.businesstimes.com.sg/international/global/chinas-empty-office-glut-supercharges-hiltons-expansion-plans
https://www.straitstimes.com/business/china-s-empty-office-glut-supercharges-hilton-s-expansion-plans

 

UBS lowers China growth forecasts on deeper property downturn
https://www.businesstimes.com.sg/international/ubs-lowers-china-growth-forecasts-deeper-property-downturn

 

China Resources Land posts record decline in its interim profit amid housing market torpor
https://www.scmp.com/business/china-business/article/3276190/china-resources-land-posts-record-decline-its-interim-profit-amid-housing-market-torpor

 

Dubai, Abu Dhabi ranked best spots for globetrotting executives
https://www.businesstimes.com.sg/international/global/dubai-abu-dhabi-ranked-best-spots-globetrotting-executives

 

Hong Kong police arrest 27 in money-laundering blitz, with some cases linked to US, Singapore
https://www.scmp.com/news/hong-kong/law-and-crime/article/3276301/hong-kong-police-arrest-27-money-laundering-blitz-some-cases-linked-us-singapore

 

Hong Kong MTR Corp’s creditworthiness downgraded on soft property market, funding needs
https://www.scmp.com/news/hong-kong/transport/article/3276306/hong-kong-mtr-corps-credit-rating-downgraded-soft-property-market-funding-concerns

 

Betting on Chinese demand, Hong Kong developers turn to rental market
https://www.businesstimes.com.sg/property/betting-chinese-demand-hong-kong-developers-turn-rental-market
https://www.channelnewsasia.com/business/betting-chinese-demand-hong-kong-developers-turn-rental-market-4571791

 

Hong Kong transitional housing estate operator ordered to inspect all flats after water leak
https://www.scmp.com/news/hong-kong/society/article/3276204/hong-kong-transitional-housing-estate-operator-ordered-inspect-all-flats-after-water-leak

 

Hong Kong home prices drop faster in July
https://www.businesstimes.com.sg/property/hong-kong-home-prices-drop-faster-july
https://www.scmp.com/business/article/3276182/hong-kongs-july-used-home-price-index-drops-8-year-low-amid-tepid-property-market

 

Hong Kong sales plan for 2024 subsidised flats revealed, but is deal sweet enough to tempt?
https://www.scmp.com/news/hong-kong/hong-kong-economy/article/3276149/hong-kong-sales-plan-2024-subsidised-flats-revealed-deal-sweet-enough-tempt

 

BOJ deputy governor sees rate hike justified if outlook realised
https://www.businesstimes.com.sg/companies-markets/banking-finance/boj-deputy-governor-sees-rate-hike-justified-if-outlook-realised

 

Malaysia weighs bringing back GST to boost finances
https://www.businesstimes.com.sg/international/asean/malaysia-weighs-bringing-back-gst-boost-finances

 

Sky-high rents have Mumbai residents living on the edge
https://www.businesstimes.com.sg/property/sky-high-rents-have-mumbai-residents-living-edge

 

Thailand steps up regulation of Chinese goods as cheap imports roil economy
https://www.businesstimes.com.sg/international/asean/thailand-steps-regulation-chinese-goods-cheap-imports-roil-economy

 

Thai central bank says growth outlook below potential
https://www.channelnewsasia.com/business/thai-central-bank-says-growth-outlook-below-potential-4571531

 

Starmer, Scholz seek reset in British-EU ties with bilateral treaty
https://www.businesstimes.com.sg/international/starmer-scholz-seek-reset-british-eu-ties-bilateral-treaty

 

UK’s richest face prospect of sharp Labour tax hikes on wealth
https://www.businesstimes.com.sg/international/global/uks-richest-face-prospect-sharp-labour-tax-hikes-wealth

 

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