The Leading Professional and Representative Body for the Real Estate Industry

The Leading Professional and Representative Body for the Real Estate Industry



Daily News – 30 Dec 2022 (Fri)

Ramped up housing supply may slow rising property prices in 2023: Analysts
Singapore: Property analysts expect property prices to continue climbing next year, but a strong supply of new homes may help moderate the anticipated spike. For new private homes, the jump could be as high as 12 per cent according to one estimate, but others expect a rise of between 5 and 8 per cent.
As Sora dips below 3%, what’s in store for mortgage rates in 2023?
Many are unaware that spot Sora, or the daily overnight rate, has been trending down below 3 per cent in recent weeks. On some days, it even dropped below 2 per cent. While daily Sora, which stands for Singapore Overnight Rate Average, is known to swing wildly from day to day, the general trend line is still going down.




GuocoLand promotes group general manager of asset management to managing director
GuocoLand’s’s group general manager of asset management Valerie Wong has been promoted to managing director, asset management, with effect from Jan 1, 2023. On Friday (Dec 30), the real estate group said Wong will oversee its strategy to further expand GuocoLand : F17 -0.62%’s property asset management business across its three key markets of Singapore, China and Malaysia.
‘Not meaningful’ for Pacific Star Development to resume trading, board says
Catalist-listed property developer Pacific Star Development will not seek to resume trading of its shares yet as its board believes it is “not meaningful” to do so now. Trading of the company’s shares has been suspended since Mar 24, 2020.
SPH Reit will rename as Paragon Reit from January 2023
SPH Real Estate Investment Trust (Reit) will be renamed to Paragon Reit as the name change will better reflect the trust’s vision and mission to capture unique opportunities in the Asia-Pacific retail landscape, the Reit manager said on Thursday (Dec 29).




Mortgage rates in the US rise for first time in seven weeks
US jobless claims rise slightly but remain near historic lows
Foreign grip on London property is easing on a cocktail of risks

Eurozone business lending growth slows sharply in November
Asia’s tourist hotspots prepare for boom as China relaxes Covid rules
China’s reopening to spur Asean growth, but equity investors may head north
China’s services sector eyes recovery after reopening, but challenges loom
China says it will boost fiscal spending in 2023 ‘appropriately’
Commentary: Exit from zero-COVID is no easy path for China
Hong Kong exports drop most in almost 7 decades on global slump
South Korea inflation stays elevated, paving way for more tightening
Malaysia’s PM Anwar to present Budget 2023 on Feb 24

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