SINGAPORE REAL ESTATE
Home loan rates set to rise following latest round of increases in deposit rates
Singapore – The fight for depositors’ money is showing no signs of cooling down as banks raise savings and fixed deposit rates to stem the outflow of funds to other higher-yielding instruments like Treasury bills (T-bills) and Singapore Savings Bonds.
https://www.straitstimes.com/business/home-loan-rates-set-to-rise-following-latest-round-of-increases-in-deposit-rates
Police Security Command in Toa Payoh to be demolished for housing
Singapore – The Police Security Command premises in 2 Lorong 4 Toa Payoh is set to make way for housing and move to another location within the neighbourhood. The command, which has been there since 2004, sits on land that has been zoned for housing – subject to detailed planning – since 2003.
https://www.straitstimes.com/singapore/housing/police-security-command-in-toa-payoh-to-be-demolished-for-housing
How HDB resale prices have risen in every Singapore town in the current property boom
Singapore: Median resale prices for Housing and Development Board (HDB) flats have climbed the most in heartland areas over the past two and a half years, with towns such as Sembawang and Woodlands recording the largest increases.
https://www.channelnewsasia.com/singapore/hdb-resale-prices-singapore-heartlands-rise-sembawang-choa-chu-kang-3043466
SINGAPORE ECONOMY
PAP conference: Urgent social and political challenges have to be tackled
On Sunday, as they’ve done every two years since 1982, more than 3,000 men and women in white gathered for the ruling People’s Action Party (PAP) conference where they elected the party’s top decision-making body.
https://www.straitstimes.com/opinion/pap-conference-urgent-social-and-political-challenges-have-to-be-tackled
Singapore is ‘entering a more dangerous world’ of economic threats, new Cold War: Lawrence Wong
Singapore is “entering a more dangerous world” with tougher economic conditions and “a new Cold War”, Deputy Prime Minister Lawrence Wong said on Sunday (Nov 6) at the party conference of the People’s Action Party (PAP).
https://www.businesstimes.com.sg/government-economy/singapore-is-entering-a-more-dangerous-world-of-economic-threats-new-cold-war
Singapore retail sales up 11.2% in September, extending August’s growth
Singapore’s retail sales continued to increase on year in September, while reversing the seasonally adjusted month-on-month decline in August to mark growth in September, going by the latest figures from the Department of Statistics (Singstat) on Friday (Nov 4).
https://www.businesstimes.com.sg/government-economy/singapore-retail-sales-up-112-in-september-extending-augusts-growth
https://www.straitstimes.com/business/retail-sales-in-singapore-post-monthly-growth-in-september
The first signs of falling inflation are there if you look
Prices of children’s clothing in Singapore rose 11.6 per cent year on year (yoy) in September. Electricity costs increased 26.5 per cent, and chilled poultry prices 38.6 per cent. With prices rising at their fastest pace in 14 years, it may be difficult to feel optimistic.
https://www.businesstimes.com.sg/opinion/the-first-signs-of-falling-inflation-are-there-if-you-look
COMPANIES’ BRIEF
CapitaLand Reits see operational growth in Q3
CapitaLand Investment (CLI), one of Singapore’s largest global real estate investment managers (Reims), has a strong Asia foothold with an asset under management of S$125 billion as of Jun 30, 2022.
https://www.businesstimes.com.sg/companies-markets/capitaland-reits-see-operational-growth-in-q3
Lendlease Global Reit’s Q1 portfolio occupancy eases slightly to 99.7%
Singapore – Ever wondered why some places in Singapore feel hotter than others at night? A recent study helmed by researchers from the National University of Singapore (NUS) found that areas with dense clusters of buildings in the city are warmer than less dense housing estates in Seletar and Holland Village.
https://www.straitstimes.com/singapore/environment/heat-and-the-city-high-rise-areas-get-almost-twice-as-hot-as-low-rise-residential-areas
Former CEO of Sentosa Development Corporation to lead Sports Hub from Dec 10
Former chief executive officer of Sentosa Development Corporation, Quek Swee Kuan, is set to be the CEO of a “new entity” under Kallang Alive Holding – a company that will oversee the entire Kallang Alive precinct – that will manage the Singapore Sports Hub from Dec 10, Sport Singapore (SportSG) announced in a press statement on Friday (Nov 4).
https://www.businesstimes.com.sg/government-economy/former-ceo-of-sentosa-development-corporation-to-lead-sports-hub-from-dec-10
VIEWS, REVIEWS, FORUM AND OTHERS
Vehicle-related accidents still a concern despite dip in workplace fatalities: Zaqy
Singapore – The average number of workplace deaths each month has dipped since the Ministry of Manpower introduced a six-month heightened safety period on Sept 1 – from about 4½ deaths a month to two.
https://www.straitstimes.com/singapore/vehicle-related-accidents-still-a-concern-despite-dip-in-workplace-fatalities-zaqy
Heat and the city: High-rise areas get almost twice as hot as low-rise residential areas
Singapore – Ever wondered why some places in Singapore feel hotter than others at night? A recent study helmed by researchers from the National University of Singapore (NUS) found that areas with dense clusters of buildings in the city are warmer than less dense housing estates in Seletar and Holland Village.
https://www.straitstimes.com/singapore/environment/heat-and-the-city-high-rise-areas-get-almost-twice-as-hot-as-low-rise-residential-areas
Bivalent Covid-19 vaccine to be offered to those aged 18 to 49; each household to get 12 ART kits
FROM next Monday (Nov 7), eligible people aged 18 to 49 will be invited to get their bivalent vaccine booster shot against Covid-19. Those in their 40s will be invited to register for the bivalent vaccine dose first through an SMS with a personalised booking link to make an appointment at one of the joint testing and vaccination centres, said the Ministry of Health (MOH) in a statement on Friday.
https://www.businesstimes.com.sg/government-economy/bivalent-covid-19-vaccine-to-be-offered-to-those-aged-18-to-49-each-household-to
https://www.straitstimes.com/singapore/people-aged-18-to-49-can-register-for-fourth-covid-19-vaccine-dose-from-monday
https://www.todayonline.com/singapore/bivalent-covid-19-booster-jabs-nov-7-antigen-rapid-test-kit-2037376
GLOBAL ECONOMY & GLOBAL REAL ESTATE
Fed sees risk of big declines in still-lofty US house prices
https://www.businesstimes.com.sg/real-estate/fed-sees-risk-of-big-declines-in-still-lofty-us-house-prices
Fed says financial system holding up through turbulent year
https://www.businesstimes.com.sg/government-economy/fed-says-financial-system-holding-up-through-turbulent-year
https://www.straitstimes.com/business/economy/fed-says-financial-system-holding-up-through-turbulent-year
US job growth beats expectations in October; unemployment rate rises to 3.7%
https://www.businesstimes.com.sg/government-economy/us-job-growth-beats-expectations-in-october-unemployment-rate-rises-to-37
https://www.straitstimes.com/business/economy/us-employers-added-261000-jobs-in-october-a-sign-that-economy-is-resilient
Canada’s government tossing fiscal hot potato to central bank: analysts
https://www.businesstimes.com.sg/government-economy/canadas-government-tossing-fiscal-hot-potato-to-central-bank-analysts
Eurozone downturn deepens, points to winter recession
https://www.businesstimes.com.sg/government-economy/eurozone-downturn-deepens-points-to-winter-recession
Young UK homeowners seen in negative equity if property prices plunge
https://www.businesstimes.com.sg/real-estate/young-uk-homeowners-seen-in-negative-equity-if-property-prices-plunge
Investors betting on luxurious retirement homes
https://www.straitstimes.com/business/invest/investors-betting-on-luxurious-retirement-homes
All the ways Britain’s housing market is starting to go wrong
https://www.businesstimes.com.sg/real-estate/all-the-ways-britains-housing-market-is-starting-to-go-wrong
German mortgage rates hit highest level in decade on ECB hikes
https://www.businesstimes.com.sg/real-estate/german-mortgage-rates-hit-highest-level-in-decade-on-ecb-hikes
German factory orders decline as recession looms
https://www.businesstimes.com.sg/government-economy/german-factory-orders-decline-as-recession-looms
Dubai homes reasonably priced despite record surge, Emaar says
https://www.businesstimes.com.sg/real-estate/dubai-homes-reasonably-priced-despite-record-surge-emaar-says
China posts 6-month high Covid count as it sticks with strategy
https://www.businesstimes.com.sg/government-economy/china-posts-6-month-high-covid-count-as-it-sticks-with-strategy
https://www.straitstimes.com/asia/east-asia/china-s-covid-19-outbreak-worst-since-may-as-lockdowns-persist
Malaysia has room for tighter monetary policy: finance minister
https://www.businesstimes.com.sg/government-economy/malaysia-has-room-for-tighter-monetary-policy-finance-minister
https://www.straitstimes.com/business/economy/malaysia-has-room-for-tighter-monetary-policy-finance-minister