SINGAPORE REAL ESTATE
Astrid Hill bungalow in early stage of being sold for over S$55m
An option to purchase an old freehold bungalow in Astrid Hill for nearly S$55.09 million has been granted to Ng Keng Sing, a director and co-owner of oil and petroleum company Midas NSSG International.
https://www.businesstimes.com.sg/property/astrid-hill-bungalow-early-stage-being-sold-over-s55m
Singapore green offices command 4-9% rental premiums versus up to 28% in Hong Kong: JLL
Green premiums for Grade A offices are unmistakable across 11 large cities in Asia, including Singapore, according to new research from real estate consultancy JLL. Tenants in Hong Kong were even willing to pay as much as 28 per cent above normal rates, its report published on Tuesday (Nov 29) revealed.
https://www.businesstimes.com.sg/esg/singapore-green-offices-command-4-9-rental-premiums-versus-28-hong-kong-jll
October average room rates for Singapore hotels dip slightly but remain high
Singapore hotels’ average room rate (ARR) slipped in October, but was still the next highest rate recorded following September 2022’s 14-year high, Singapore Tourism Board data showed on Tuesday (Nov 29).
https://www.businesstimes.com.sg/singapore/october-average-room-rates-singapore-hotels-dip-slightly-remain-high
No plans to raise income ceiling for HDB grants as it could negate Govt’s priority of cooling resale prices: Indranee
Singapore — The Government’s priority is to rein in resale public flat prices and it does not intend to raise the income ceiling for grants to buyers of new and resale public flats despite rising inflation.
https://www.todayonline.com/singapore/no-plan-raise-ceiling-hdb-grants-resale-prices-cool-2058901
VIEWS, REVIEWS, FORUM AND OTHERS
More than 30 firms made to hire external auditors to review safety processes
Singapore – More than 30 companies have been made to hire external auditors to review their workplace safety and health (WSH) processes after tougher sanctions were put in place by the Ministry of Manpower (MOM) earlier in 2022 to curb a rise in workplace deaths.
https://www.straitstimes.com/singapore/more-than-30-firms-made-to-hire-external-auditors-to-review-safety-processes-mom
Two more workplace deaths, with one falling into the sea and another falling from height
Singapore – An Indian national who fell into the sea off Jurong Island while working, and an elderly Singaporean who fell from height while doing cleaning work, are the latest fatalities in a year that has seen a record number of workplace deaths. The two incidents happened within a day of each other, the Ministry of Manpower (MOM) said on Tuesday.
https://www.straitstimes.com/singapore/two-more-workplace-deaths-recorded-42-fatalities-to-date-in-2022
https://www.channelnewsasia.com/singapore/worker-falls-sea-jurong-island-singaporean-cleaner-fell-height-cleaning-window-dead-workplace-fatalities-accident-42-2022-3108071
Death rate from COVID-19 reinfection lower than that of first-time infections: Ong Ye Kung
Singapore: The mortality rate in Singapore from COVID-19 reinfection is lower than that of those who were infected for the first time, said Minister for Health Ong Ye Kung on Tuesday (Nov 29).
https://www.channelnewsasia.com/singapore/death-rate-covid-19-reinfection-lower-first-time-infection-ong-ye-kung-3108166
GLOBAL ECONOMY & GLOBAL REAL ESTATE
US house annual prices slow again in September
https://www.businesstimes.com.sg/property/us-house-annual-prices-slow-again-september
US retailers cheer strong holiday sales so far but fear rail strike
https://www.businesstimes.com.sg/international/us-retailers-cheer-strong-holiday-sales-so-far-fear-rail-strike
UK mortgage approvals fall in sign of weakening housing market
https://www.businesstimes.com.sg/property/uk-mortgage-approvals-fall-sign-weakening-housing-market
New Zealand business confidence weakens in November: ANZ survey
https://www.businesstimes.com.sg/international/new-zealand-business-confidence-weakens-november-anz-survey
Casino operator Genting to list Miami property with US$1b plus asking price
https://www.businesstimes.com.sg/property/casino-operator-genting-list-miami-property-us1b-plus-asking-price
https://www.straitstimes.com/business/genting-to-list-miami-property-with-138-billion-plus-asking-price
China’s GDP growth to pick up in 2023, but pace hinges on reopening
https://www.businesstimes.com.sg/international/global/chinas-gdp-growth-pick-2023-pace-hinges-reopening
China’s factory activity contraction deepens in November
https://www.channelnewsasia.com/business/chinas-factory-activity-contraction-deepens-november-3110976
China’s services sector activity falls further in Nov – official PMI
https://www.channelnewsasia.com/business/chinas-services-sector-activity-falls-further-nov-official-pmi-3110971
IMF may have to lower China growth forecasts: director
https://www.businesstimes.com.sg/international/imf-may-have-lower-china-growth-forecasts-director
Regulatory measures to support China’s property sector
https://www.businesstimes.com.sg/property/regulatory-measures-support-chinas-property-sector
China property sector surges on fundraising support, but Covid protests cloud outlook
https://www.businesstimes.com.sg/property/china-property-sector-surges-fundraising-support-covid-protests-cloud-outlook
Evergrande to sell Shenzhen commercial plot for 7.54b yuan amid debt woes
https://www.businesstimes.com.sg/property/evergrande-sell-shenzhen-commercial-plot-754b-yuan-amid-debt-woes
https://www.straitstimes.com/business/evergrande-to-sell-shenzhen-commercial-plot-for-144-billion-amid-debt-woes
Taiwan cuts 2022 GDP growth forecast on weakening exports
https://www.businesstimes.com.sg/international/taiwan-cuts-2022-gdp-growth-forecast-weakening-exports
Japan’s October factory output falls again on global slowdown, weak chip demand
https://www.channelnewsasia.com/business/japans-october-factory-output-falls-again-global-slowdown-weak-chip-demand-3110876
South Korea Oct factory output drops at fastest pace since May 2020
https://www.channelnewsasia.com/business/south-korea-oct-factory-output-drops-fastest-pace-may-2020-3110801
Fixing economy will be real test for Anwar
https://www.businesstimes.com.sg/international/asean/fixing-economy-will-be-real-test-anwar