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 May 2023 (Wed)

Singapore Real Estate


Developer sentiment mixed on new residential launch prices: poll
Fewer developers expect new launch prices to hold steady in the next six months, with some even believing that prices could drop, findings from a poll of developers showed. The poll, conducted by the National University of Singapore’s Institute of Real Estate and Urban Studies (Ireus), noted that developer sentiment had “softened visibly” in the first quarter of 2023.


Fixed rates for home loans are down and likely to fall further, experts say
Singapore: Interest rates on home loans have been declining since the start of the year and observers expect the trend to continue. Fixed-rate home loans – which have interest rates that remain unchanged throughout a lock-in period – shot up past 4 per cent last year in Singapore, as the US Federal Reserve went on a rate-hike race to quell surging inflation.


Nearly 7,000 flats launched in May BTO and Sale of Balance Flats exercises
Some 6,995 new public housing flats are up for offer in the Housing and Development Board’s (HDB) latest Build-To-Order (BTO) and Sale of Balance Flats (SBF) exercise, launched on Tuesday (May 30).



Companies’ Brief


Aims Apac Reit to launch equity funding exercise to raise around S$100 million
The manager of Aims Apac Real Estate Investment Trust (AA Reit) plans to launch an equity funding exercise to raise gross proceeds of approximately S$100 million, it announced on Wednesday (May 31).


CapitaLand Investment’s Quah Ley Hoon joins SPH Media’s board
CapitaLand Investment (CLI) group chief corporate officer Quah Ley Hoon will join SPH Media’s board with effect from Jun 1, the media group said on Wednesday (May 31). Quah currently oversees corporate matters at the real estate investment manager…


Frasers announces programme to support inclusivity in malls
Frasers Property Singapore on Friday (May 26) announced its Inclusion Champions programme, which aims to create more inclusive spaces and experiences for members of the community with different needs.



Global Economy & Real Estate


US debt ceiling bill to cut US$1.5 trillion from deficit over decade


US consumer confidence dips in May: survey


UK business confidence dips in May, inflation pressures persist: Lloyds


Sweden risks more turbulence on property market woes, watchdog warns


Swiss economy starts year with unexpectedly strong growth


Swedish GDP stronger than expected in Q1, outlook cloudy


Australia’s central bank warns of inflation risks, pain ahead for households


China urged to ‘make good use’ of its advantages to support economic recovery, fix development problems


China’s factory activity falls faster than expected on weak demand


Hong Kong residents express fears over flat’s illegal modification while government demands swift action from owner


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


Explainer | Hong Kong renovation saga: all you need to know about modifying your flat and how to do it safely and legally


BOJ may hike rates if sustained wage growth looks likely-government panellist


Japan’s factory output drops on hit from global slowdown


S Korea April factory output falls, retail sales drop most in 5 months



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