Singapore Real Estate
S$2.9m study to look at how housing concepts influence seniors’ quality of life
How do on-site elderly care services at housing estates improve their quality of life? What about seniors living together under the care of a helper? These are questions a $2.9-million research project is looking to answer. The National University of Singapore is working with the Urban Redevelopment Authority on the project.
https://www.channelnewsasia.com/watch/s29m-study-look-how-housing-concepts-influence-seniors-quality-life-4386261
https://www.businesstimes.com.sg/property/how-different-senior-housing-types-impact-quality-life-be-studied-s2-9-million-nus-project
https://www.straitstimes.com/singapore/29m-study-on-housing-types-for-future-seniors-undertaken-by-nus
Singapore hotel rates, other indicators fall in April from Taylor Swift-driven highs in March
Singapore hotels’ average room rate (ARR) slid month on month in April, in line with the fall in tourism arrivals, Singapore Tourism Board data showed on Tuesday (Jun 4). All other measures also posted sequential declines.
https://www.businesstimes.com.sg/singapore/singapore-hotel-rates-other-indicators-fall-april-taylor-swift-driven-highs-march
https://www.straitstimes.com/business/singapore-hotel-rates-other-indicators-fall-in-april-from-taylor-swift-driven-highs-in-march
Companies should carry hotels and properties held for own use at fair value
Valuation is both an art and a science. Generally, there are prescribed or widely used methods to value assets such as businesses, financial instruments, art works, jewellery, antiques and property. Still, any valuation exercise involves some judgement, and experts in any given type of asset can ascribe varying valuations.
https://www.businesstimes.com.sg/opinion-features/companies-should-carry-hotels-and-properties-held-own-use-fair-value
HDB’s new resale flat listing service earns praise for ‘consumer-centric’ nature but sellers suggest tweaks
Singapore: The Housing and Development Board’s (HDB) new resale flat listing service is fast and easy to use but it lags behind other property portals when it comes to aspects such as communications and range of offerings, according to both sellers and buyers.
https://www.channelnewsasia.com/singapore/hdbs-new-resale-flat-listing-service-earns-praise-consumer-centric-nature-sellers-suggest-tweaks-4383126
Business News
CapitaLand Investment enhances reporting of Scope 3 emissions
CapitaLand Investment (CLI) has enhanced its Scope 3 emissions reporting with new categories and an expansion of existing categories. This follows the latest review of its full inventory of such emissions across its value chain, said CLI on Wednesday (Jun 5).
https://www.businesstimes.com.sg/esg/capitaland-investment-enhances-reporting-scope-3-emissions
HSBC to open three wealth centres in S’pore by Q1 2025, with the first in CBD in June
Singapore – HSBC will open three wealth centres in Singapore by the first quarter of 2025, the bank said on June 4. The three centres will be in the Central Business District (CBD) as well as the east and west regions of Singapore.
https://www.straitstimes.com/business/hsbc-to-open-three-wealth-centres-in-s-pore-by-q1-2025-with-the-first-in-cbd-in-june
Global Economy & Real Estate
US factory orders rise for a third month in April
https://www.businesstimes.com.sg/international/us-factory-orders-rise-third-month-april
US job openings fall more than expected in April
https://www.businesstimes.com.sg/international/us-job-openings-fall-more-expected-april
https://www.straitstimes.com/business/economy/us-job-openings-down-more-than-expected-in-april
China needs to inject US$276 billion into property market to stabilise prices: Goldman Sachs
https://www.scmp.com/business/china-business/article/3265371/china-needs-inject-us276-billion-property-market-stabilise-prices-goldman-sachs?module=top_story&pgtype=subsection
China sees property silver lining but can’t shake Japan comparisons
https://www.businesstimes.com.sg/property/china-sees-property-silver-lining-cant-shake-japan-comparisons
https://www.channelnewsasia.com/business/china-sees-property-silver-lining-cant-shake-japan-comparisons-4385236
Key features of China’s affordable housing policy
https://www.businesstimes.com.sg/property/key-features-chinas-affordable-housing-policy
https://www.channelnewsasia.com/east-asia/key-features-chinas-affordable-housing-policy-4385221
China Vanke’s sales slump eases as housing market picks up
https://www.businesstimes.com.sg/property/china-vankes-sales-slump-eases-housing-market-picks
Shipping container rates from China jump to 2-year high as panic sets in amid US tariff threat, Red Sea disruptions
https://www.scmp.com/business/china-business/article/3265305/shipping-container-rates-china-jump-2-year-high-panic-sets-amid-us-tariff-threat-red-sea-disruptions?module=top_story&pgtype=subsection
Dubai’s iconic mall expands to boost city’s allure for wealthy visitors
https://www.businesstimes.com.sg/property/dubais-iconic-mall-expands-boost-citys-allure-wealthy-visitors
ECB rate-cut expectations start to unravel before first move
https://www.businesstimes.com.sg/international/ecb-rate-cut-expectations-start-unravel-first-move
German unemployment up more than expected, damping rebound hopes
https://www.businesstimes.com.sg/international/german-unemployment-more-expected-damping-rebound-hopes
German construction industry outlook worsens: study
https://www.businesstimes.com.sg/property/german-construction-industry-outlook-worsens-study
Hong Kong property deals fall by a quarter as exuberance over scrapping of cooling measures fades
https://www.scmp.com/business/article/3265372/hong-kong-property-deals-fall-quarter-exuberance-over-scrapping-cooling-measures-fades
Hedge fund Dymon expands Hong Kong office, bucking trend
https://www.straitstimes.com/business/hedge-fund-dymon-expands-hong-kong-office-bucking-trend
Hongkongers face US$300,000 shortfall in their pension savings as they look to work beyond retirement age: Schroders survey
https://www.scmp.com/business/money/markets-investing/article/3265385/hongkongers-face-us300000-shortfall-their-pension-savings-they-look-work-beyond-retirement-age?module=top_story&pgtype=subsection
Japan real wages down 25th straight month in April, government says
https://www.channelnewsasia.com/business/japan-real-wages-down-25th-straight-month-april-government-says-4387496
Nike layoffs reach its European headquarters in the Netherlands
https://www.businesstimes.com.sg/companies-markets/consumer-healthcare/nike-layoffs-reach-its-european-headquarters-netherlands
South Korea’s inflation cools further as policy stays tight
https://www.businesstimes.com.sg/international/south-koreas-inflation-cools-further-policy-stays-tight
Single family offices in Switzerland worth $900 billion, study shows
https://www.straitstimes.com/business/banking/single-family-offices-in-switzerland-worth-900b-study-shows
Thailand needs to fix credit access problems, central bank says
https://www.businesstimes.com.sg/international/asean/thailand-needs-fix-credit-access-problems-central-bank-says
Thailand approves tax measures to boost local tourism, official says
https://www.channelnewsasia.com/asia/thailand-approves-tax-measures-boost-local-tourism-official-says-4385246
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