The Leading Professional and Representative Body for the Real Estate Industry

The Leading Professional and Representative Body for the Real Estate Industry



Daily News – 3 Nov 2022 (Thu)


Reflections at Keppel Bay owner resells unit for S$6.6m higher – just one year on
The seller of a 7,050 square foot (sq ft), 40th floor unit at 99-year-leasehold Reflections at Keppel Bay divested the unit for some S$6.6 million more in the space of about a year, making the deal the largest profit-maker by quantum in the secondary market in the third quarter this year.


31ha of forested areas in Bedok to make way for 10,000 new homes in Bayshore
Singapore – About 31ha of forested areas in Bedok are slated for clearance by 2029, to make way for the future Bayshore housing precinct which will likely be ready from the mid-2030s.



Singaporeans must take charge of careers by identifying new opportunities: Tan See Leng
Even as the government invests in schemes to help Singaporeans seize new opportunities, workers must also learn to identify opportunities in the economy, set long-term career goals and take proactive steps towards achieving them, said Manpower Minister Tan See Leng on Wednesday (Nov 2).


Singapore PMI shrinks further in October, mirroring weak factory activity across region
Singapore’s overall factory activity sank further in October, as global economic headwinds continued to hit manufacturing sentiment in the region. The Purchasing Managers’ Index dipped a further 0.2 point to post a second straight month of contraction at 49.7 in October, data from the Singapore Institute of Purchasing and Materials Management (SIPMM) showed on Wednesday (Nov 2).



CLI establishes 2 onshore renminbi funds totalling 4b yuan for business parks

CapitaLand Investment (CLI) has established two onshore renminbi funds totalling around four billion yuan (S$796 million) to invest in business park opportunities in China.

Massive share buybacks not the answer; Hongkong Land needs restructuring to unlock value

Property group (HKLH) is at around the half-way mark for the use of its share-buyback mandate, but the stock is nowhere near improving its valuations. It may be time for a change of tactics.



Fed delivers another steep rate hike with more to come

BOE set to deliver biggest rate rise in 33 years

German exports post unexpected dip in September

New Zealand central bank can get inflation under control: RBNZ governor

Sweden’s home prices fall by most since at least 2013 in latest data

Russia’s economy shrinks 5% year-on-year in September

China regulator says it’s concerned about property sector

Hong Kong struggles to tame a long-simmering housing crisis

Hong Kong, struggling to revive hub status, sells ‘China advantage’ to global banks

Hong Kong follows Fed with rate hike, adding to economy’s woes

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