The Leading Professional and Representative Body for the Real Estate Industry

The Leading Professional and Representative Body for the Real Estate Industry



Daily News – 5 Jan 2023 (Thu)


Prime residential prices to moderate in 2023 despite shrinking stock: Knight Frank
Prices of prime residential properties are expected to climb at a more “moderate” pace in 2023, even as the inventory of units available continues to shrink, according to real estate consultancy Knight Frank.


Older resale flats favoured, thanks to their larger size and greater affordability
The proportion of older flats sold in 2022 has more than doubled over the last decade, reflecting the demand for larger and more affordable resale flats, especially in the last few years.




Government likely to achieve balanced budget in current term despite Covid deficit
The Singapore government is expected to balance its budget for the current term, set to end by 2025, despite a record S$51.6 billion overall budget deficit in financial year 2020 when the Covid-19 pandemic hit, analysts told The Business Times (BT).


Look Ahead 2023: With a weaker job market looming, youth cannot afford to be choosy and should upskill, say experts
Singapore — Although university student Aida will graduate here only in December 2023, the political science major with a minor in the Korean language is already preparing to apply for a job in the middle of the year.


S’pore’s Q1 hiring outlook dims, but firms prepared to pay more to attract workers: Survey
Singapore – Concerns about an economic slowdown have slightly tempered hiring optimism among employers in Singapore, though they are still prepared to pay more to attract and retain enough staff to gear up growth efforts.





US Fed officials do not expect interest rate cuts this year 


US manufacturing sector contracts, prices decline in December: ISM


US job openings remain elevated; manufacturing slump continues


Foreign investors dump UK gilts at record rate despite Sunak’s austerity drive


UK businesses brace for falling profits during 2023 recession


UK public’s expectations of future inflation down in December


UK housing market stalls, credit card borrowing rises


Manhattan home prices slip 5.5% in first decline since mid-2020


New Zealand housing slump to go on after worst drop since 2008


Swiss inflation slows to 2.8% before likely jump in January


Eurozone recession may not be as deep as expected: PMI


China’s December services sector extends declines as Covid cases surge: Caixin PMI


AP Strategic unit proposes to sell China hotel assets for 80m yuan


China resumes residential real estate funds in further support


China to increase support for ‘too-big-to-fail’ property developers

China developer’s drastic action highlights battle for survival


Hong Kong’s retail sales post surprise drop in November


Disclaimer & Note:

Real Estate Developers’ Association of Singapore (REDAS) does not warrant the accuracy, adequacy or completeness of the information and expressly disclaims liability for errors or omissions therein. The content, accuracy, and opinions expressed are not investigated, verified, monitored, nor endorsed by REDAS. Every effort is taken to ensure that all information extracted is correct at the time of dissemination.

The Daily News is issued as news gathering for the convenience and benefits of REDAS’ members only and not for mass circulation. Members are advised to exercise discretion in the use and dissemination of the information. The news links are time-sensitive and require registration of fee-based digital subscriptions.

Scroll to Top