The Leading Professional and Representative Body for the Real Estate Industry

The Leading Professional and Representative Body for the Real Estate Industry



Daily News – 31 Aug 2022 (Wed)


Strata office floor at 15 Scotts Road for sale with S$52.5m indicative price
A strata office floor at 15 Scotts Road has been put up for sale via an Expression of Interest (EOI) with an indicative price of S$52.5 million, said exclusive marketing agent CBRE on Wednesday (Aug 31).

High prices, balloting uncertainty deter some AMK Sers residents from applying for new BTO flat in same estate
Singapore – Retired businesswoman Chew Ye, 60, whose Ang Mo Kio flat has been picked for the Selective En bloc Redevelopment Scheme (Sers), is not sold on the idea of balloting for a new flat in the same estate, despite having the option to do so.



Simplify rules and hew to their principles, to help businesses manage demands: Ong Ye Kung
Singapore – Business growth, workforce safety, inclusiveness and climate change are just some of the many things businesses need to worry about in the present age. But to juggle these demands, the lessons learnt in governing a country can be applied to running a company as well, said Health Minister Ong Ye Kung on Tuesday (Aug 30) at the Singapore Corporate Awards (SCA).

Singapore households remain financially healthy despite rising inflation: Dept of Statistics data
Singapore – The financial position of Singapore households has remained healthy in the second quarter of this year despite rising inflation and recession concerns, data from the Department of Statistics released on Tuesday (Aug 30) showed.

Pandemic’s tapering brings opportunities for Singapore to attract global capital, talent
We are at the pandemic’s tail end, and one of the last vestiges of the crisis – masks – have come off since Aug 29 (save in hospitals and on public transport). We have fared well, even by international reckoning.

Singapore gains by attracting global talent
A new work pass is among several initiatives that aim to strengthen Singapore’s position as a global talent hub. At the same time, the country must step up efforts to develop the local pool of talent so that its economic core can be preserved.



Is inflation really peaking?

Goldman says US housing downturn has further to go as rates rise

US home-price growth slowed in June

US consumer confidence advances to highest level since May

Inflation in UK shops climbs to highest rate on record

BOE says UK credit card lending and mortgage interest rates jump

German inflation hits nearly 50-year high in August

Asia continues global stock slump as Fed tightening fears flare

China pledges to lift economy with stable employment, prices in H2

China’s Covid-hit tourism season deals fresh blow to the economy

Leading banks in China report jump in property bad debt

China’s largest developer posts record 96% profit slump

China Evergrande bondholders push own plan for debt restructuring: FT

China factory activity contracts for second month in August

BOJ policymaker warns of fragile recovery, signals sustained low rates

Japan July retail sales rise 2.4% year/year – govt

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