The Leading Professional and Representative Body for the Real Estate Industry

The Leading Professional and Representative Body for the Real Estate Industry

DAILY NEWS

 

Daily News – 31 Aug 2022 (Wed)

SINGAPORE REAL ESTATE

 
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).
https://www.businesstimes.com.sg/real-estate/strata-office-floor-at-15-scotts-road-for-sale-with-s525m-indicative-price

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.
https://www.straitstimes.com/singapore/housing/high-prices-balloting-uncertainty-deter-some-amk-sers-residents-from-applying-for-new-bto-flat-in-same-estate

 

SINGAPORE ECONOMY

 
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).
https://www.straitstimes.com/business/companies-markets/simplify-rules-and-hew-to-their-principles-to-help-businesses-manage-demands-ong-ye-kung

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.
https://www.straitstimes.com/business/economy/singapore-households-remain-financially-healthy-despite-rising-inflation

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.
https://www.businesstimes.com.sg/opinion/pandemics-tapering-brings-opportunities-for-singapore-to-attract-global-capital-talent
https://www.channelnewsasia.com/commentary/work-pass-attract-global-talent-singapore-2909411

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.
https://www.straitstimes.com/opinion/st-editorial/the-straits-times-says-singapore-gains-by-attracting-global-talent

 

GLOBAL ECONOMY & GLOBAL REAL ESTATE

 
Is inflation really peaking?
https://www.businesstimes.com.sg/wealth-investing/is-inflation-really-peaking

Goldman says US housing downturn has further to go as rates rise
https://www.businesstimes.com.sg/real-estate/goldman-says-us-housing-downturn-has-further-to-go-as-rates-rise

US home-price growth slowed in June
https://www.businesstimes.com.sg/real-estate/us-home-price-growth-slowed-in-june

US consumer confidence advances to highest level since May
https://www.businesstimes.com.sg/government-economy/us-consumer-confidence-advances-to-highest-level-since-may

Inflation in UK shops climbs to highest rate on record
https://www.businesstimes.com.sg/government-economy/inflation-in-uk-shops-climbs-to-highest-rate-on-record

BOE says UK credit card lending and mortgage interest rates jump
https://www.businesstimes.com.sg/banking-finance/boe-says-uk-credit-card-lending-and-mortgage-interest-rates-jump

German inflation hits nearly 50-year high in August
https://www.businesstimes.com.sg/consumer/german-inflation-hits-nearly-50-year-high-in-august

Asia continues global stock slump as Fed tightening fears flare
https://www.channelnewsasia.com/business/asia-continues-global-stock-slump-fed-tightening-fears-flare-2911246

China pledges to lift economy with stable employment, prices in H2
https://www.businesstimes.com.sg/government-economy/china-pledges-to-lift-economy-with-stable-employment-prices-in-h2

China’s Covid-hit tourism season deals fresh blow to the economy
https://www.businesstimes.com.sg/government-economy/chinas-covid-hit-tourism-season-deals-fresh-blow-to-the-economy
https://www.straitstimes.com/asia/east-asia/chinas-covid-19-hit-tourism-season-deals-blow-to-economy-report

Leading banks in China report jump in property bad debt
https://www.businesstimes.com.sg/global-enterprise/leading-banks-in-china-report-jump-in-property-bad-debt
https://www.straitstimes.com/business/banking/chinas-largest-banks-show-wounds-from-property-sector-crisis

China’s largest developer posts record 96% profit slump
https://www.businesstimes.com.sg/real-estate/chinas-largest-developer-posts-record-96-profit-slump

China Evergrande bondholders push own plan for debt restructuring: FT
https://www.businesstimes.com.sg/real-estate/china-evergrande-bondholders-push-own-plan-for-debt-restructuring-ft

China factory activity contracts for second month in August
https://www.straitstimes.com/business/economy/china-factory-activity-contracts-for-second-month-in-august
https://www.businesstimes.com.sg/government-economy/chinas-august-factory-activity-weakens-for-second-straight-month

BOJ policymaker warns of fragile recovery, signals sustained low rates
https://www.channelnewsasia.com/business/boj-policymaker-warns-fragile-recovery-signals-sustained-low-rates-2911256

Japan July retail sales rise 2.4% year/year – govt
https://www.channelnewsasia.com/business/japan-july-retail-sales-rise-24-year-year-govt-2911111

Scroll to Top