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 May 2023 (Tue)

Singapore Real Estate


Singapore private homes now the most expensive to own and rent in Asia-Pacific: report
Singapore’s private residential property is now the most expensive in the Asia-Pacific, overtaking Hong Kong in 2022, according to a report released by the Urban Land Institute (ULI) on Tuesday (May 30).


Condo resale volumes fall 17.9% in April, while prices rise 1.2%: SRX,
Resale volumes of private condominiums fell in April while prices rose, according to flash estimates from SRX and released on Tuesday (May 30). Some 919 condominium units were resold in April 2023, a 17.9 per cent decrease from the 1,119 units resold in March.


Views, Reviews, Forum and Others


Ulu Pandan Park Connector affected by landslide to be fully open in December
Singapore – The Ulu Pandan Park Connector that was affected by a landslide at the Clementi NorthArc Build-To-Order site is on track to be fully reopened for public use by December. The Housing Board said on Saturday that repair and reconstruction works are being carried out to reinstate the 550m stretch along the south bank of the Ulu Pandan Park Connector, which was partially damaged by a landslide in September 2022 that led to soil displacement into Sungei Ulu Pandan.


Higher risk of haze in southern ASEAN region between June and October 2023
Singapore: Weather and climate authorities on Monday (May 29) flagged a higher risk of haze in the southern ASEAN region between June and October this year amid expectations of a more intense and prolonged dry season.



Global Economy & Real Estate


Toronto condo investors are losing money in a bad sign for renters


Inflation in UK shops hits record 9% with little sign of relief


New Zealand house prices to rise earlier than expected: ANZ


Swedish landlord SBB may seek buyer as debt crisis looms


Australia’s building approvals slump to lowest level in 11 years


China’s manufacturing sector improved in May, surveys show


China considers tax breaks for manufacturers as economy cools


Hotels and retailers doing brisk business four months after Hong Kong reopening


Hong Kong building authorities, MTR Corp order flat owner who modified load-bearing wall to take action to ensure structural safety


Hong Kong home price growth slowed down sharply in April as rising interest rates sapped confidence


Japan’s jobless rate falls to 2.6% in April



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