The Leading Professional and Representative Body for the Real Estate Industry

The Leading Professional and Representative Body for the Real Estate Industry



Daily News – 29 Mar 2023 (Wed)

Singapore Real Estate


JTC launches B2 industrial site in Tampines North for sale
JTC has launched the tender for an industrial site at Tampines North Drive 5 (Plot 10) on March 28. The tender falls under the first half of the 2023 IGLS (Industrial Government Land Sales) programme.


Condo resale volumes rise 50.3% in February; first increase after four months: SRX,
Resale volumes of private condominiums rose for the first time since October 2022, driven by pent-up demand after the Chinese New Year period.


Six-storey Boat Quay shophouse sold for $37 mil
A six-storey Boat Quay shophouse has been sold for $37 million, with the seller making a gain of $16 million. Savills Singapore brokered the deal.


Portfolio of HDB shophouses, Peninsula Plaza retail unit for sale at S$52.2 million guide price
A portfolio comprising 11 HDB Housing and Development Board (HDB) shophouses, along with a 999-year leasehold strata retail shop in Peninsula Plaza, are up for sale at a guide price of S$52.2 million.



Companies’ Brief


CDL first in Southeast Asia to apply two-pillar ESG disclosure framework in sustainability report
City Development Limited (CDL) is the first company in Southeast Asia to apply the two-pillar Environmental, Social and Governance (ESG) disclosure framework in its Integrated Sustainability Report (ISR), its sixteenth sustainability report since 2008.


Keppel DC REIT prices $71 mil notes under $2 bil debt issuance programme
Keppel DC REIT Management has priced EUR50 million ($71.97 million) worth of notes, or “Series 004 Notes” under its $2 billion Multicurrency Debt Issuance Programme.



Views, Reviews, Forum and Others


New heads at EDB, EnterpriseSG and ministries from May 1
The Economic Development Board’s (EDB) chairman, Beh Swan Gin, will soon join the Ministry of Trade and Industry (MTI) as Permanent Secretary of Development, the Public Service Division (PSD) said on Monday (Mar 27), as it announced a reshuffle of some permanent secretary positions.


Retirement savings main priority for most locals, but home ownership a concern for younger Singaporeans: Manulife
Nearly two-thirds (63%) of Singaporeans view saving for retirement as their number one personal finance goal, more than anywhere else in the region (49% on average).


WHO revises Covid-19 vaccine recommendations for Omicron-era
The World Health Organization has tailored its Covid-19 vaccination recommendations for a new phase of the pandemic, suggesting that healthy children and adolescents may not necessarily need a shot, but older, high-risk groups should get a booster between 6 and 12 months after their last vaccine.



Global Economy & Real Estate


US housing cools further, with prices down 3% from the peak


US consumer confidence unexpectedly rises in March


US trade deficit widens as exports decline


Banks in France face more than US$1.1 billion fines after raids


Developer Sunac China reaches restructuring deal with offshore creditor group


Australian inflation eases, bolstering case for rate pause


South Korea consumer sentiment improves to nine-month high in March



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