SINGAPORE REAL ESTATE
Sale of Marina South state land site for 790 units could see bids around S$1b
A marina South site zoned for residential development with some commercial use has been launched for sale, in a state land tender that analysts expect to see drawing up to 5 bids coming in at S$1 billion or more
https://www.businesstimes.com.sg/property/sale-marina-south-state-land-site-790-units-could-see-bids-around-s1b
https://www.straitstimes.com/business/property/plum-marina-south-site-may-attract-bids-of-over-1-billion
https://www.straitstimes.com/business/property/first-marina-south-site-launched-under-govt-land-sales-programme
https://www.channelnewsasia.com/singapore/marina-south-site-tender-govt-land-sales-gardens-bay-barrage-ura-3122836
Charming Garden condo up for collective sale at S$175m
Charming Garden condominium in District 10 has been launched for collective sale at a guide price of S$175 million, sole marketing agent Colliers announced on Monday (Dec 5). The price tag translates to a land rate of about S$2,096 per square foot (psf) per plot ratio or S$2,074 psf on land area, Colliers said in a press statement.
https://www.businesstimes.com.sg/property/charming-garden-condo-collective-sale-s175m
Three-month compounded Sora crosses 3% for the first time since 2007
The three-month compounded Singapore Overnight Rate Average (Sora) rate, which is pegged to most floating home loan packages in Singapore, has passed the 3 per cent mark for the first time since 2007.
https://www.businesstimes.com.sg/companies-markets/three-month-compounded-sora-crosses-3-first-time-2007
An ageing population is not a problem for the private homes market
Singapore’s population is rapidly ageing – could an ageing population be a major headwind for the private homes market? The median age of Singapore residents rose from 37.4 years in mid-2010 to 42.1 years in mid-2022. Around 16.6 per cent of the resident population is aged 65 years and over in mid-2022, versus about 9 per cent in mid-2010.
https://www.businesstimes.com.sg/opinion-features/ageing-population-not-problem-private-homes-market
SINGAPORE ECONOMY
Staying open to foreign talent helps ensure long-term economic growth: Chee Hong Tat
Singapore – Singapore needs to remain open to foreign talent to ensure the economy continues to grow over the longer term and there is more for everyone to share, said Mr Chee Hong Tat, Senior Minister of State for Finance and Transport.
https://www.straitstimes.com/business/singapore-needs-foreign-talent-to-ensure-long-term-economic-growth-to-everyone-s-benefit
Singapore retail takings up 10.4% in October though car sales extend slump
Singapore – Retail sales in Singapore continued to climb in October, though at a slower year-on-year pace, as car sales extended their slump, according to figures released by the Department of Statistics on Monday.
https://www.straitstimes.com/business/singapore-retail-takings-up-104-in-october-though-car-sales-extend-slump
https://www.businesstimes.com.sg/singapore/singapore-retail-sales-104-october-extending-growth
VIEWS, REVIEWS, FORUM AND OTHERS
Workplace safety breaches dealt with in November show similar worrying trends: MOM
Singapore – He failed to ascertain the weight of the load he was lifting onto his lorry and used inappropriate equipment to secure it, resulting in the death of a worker who was helping him.
https://www.straitstimes.com/singapore/cases-of-workplace-safety-breaches-dealt-with-in-november-show-similar-worrying-trends-mom
More Covid-19 cases, new wave expected with year-end festivities and travel: Ong Ye Kung
Singapore – More Covid-19 infections and a new coronavirus wave are expected amid an increase in year-end travel and as more people take part in the upcoming festivities, Health Minister Ong Ye Kung said on Sunday (Dec 4).
https://www.todayonline.com/singapore/more-covid-19-cases-new-wave-expected-year-end-festivities-and-travel-ong-ye-kung-2062881
5 unusual Covid-19 symptoms and what to do about them
By this point in the long slog of the pandemic, many people know the telltale symptoms of a Covid-19 infection: a ragged ache in your throat, a pernicious cough, congestion, fever and full-body exhaustion.
https://www.straitstimes.com/singapore/5-unusual-covid-19-symptoms-and-what-to-do-about-them
GLOBAL ECONOMY & GLOBAL REAL ESTATE
Will the Fed ‘raise and hold’ rates? Traders bet they will not
https://www.businesstimes.com.sg/companies-markets/will-fed-raise-and-hold-rates-traders-bet-they-will-not
US factory orders beat expectations in Oct
https://www.businesstimes.com.sg/international/us-factory-orders-beat-expectations-oct
US service sector activity picks up in November: ISM survey
https://www.businesstimes.com.sg/international/us-service-sector-activity-picks-november-ism-survey
UK consumer spending fails to keep pace with inflation: surveys
https://www.businesstimes.com.sg/international/uk-consumer-spending-fails-keep-pace-inflation-surveys
UK two-year mortgage rate falls below 6% in fresh sign of relief for house prices
https://www.businesstimes.com.sg/property/uk-two-year-mortgage-rate-falls-below-6-fresh-sign-relief-house-prices
The UK is playing politics with the rental market
https://www.businesstimes.com.sg/property/uk-playing-politics-rental-market
New Zealand seeks lower building costs through more competition
https://www.businesstimes.com.sg/international/new-zealand-seeks-lower-building-costs-through-more-competition
ECB likely to hike rate by half-point in Dec, Makhlouf says
https://www.businesstimes.com.sg/companies-markets/ecb-likely-hike-rate-half-point-dec-makhlouf-says
China readies new Covid rules; change to come as early as Wednesday
https://www.businesstimes.com.sg/international/china-readies-new-covid-rules-change-come-early-wednesday
https://www.straitstimes.com/asia/east-asia/china-may-announce-downgrade-of-covid-19-management-as-early-as-january-sources
More Chinese cities move to gradual opening, but uneven virus measures cause confusion, anger
https://www.straitstimes.com/asia/more-chinese-cities-move-towards-gradual-opening-but-uneven-covid-measures-cause-confusion-anger
China analysts hunt for clues of property market turnaround
https://www.businesstimes.com.sg/property/china-analysts-hunt-clues-property-market-turnaround
Few Chinese keen to travel abroad soon, even if Covid-19 curbs ease: report
https://www.businesstimes.com.sg/international/global/few-chinese-keen-travel-abroad-soon-even-if-covid-19-curbs-ease-report
https://www.straitstimes.com/asia/east-asia/few-chinese-keen-to-travel-abroad-soon-even-if-covid-19-curbs-ease-report
Japan’s households spend more despite falling real wages
https://www.businesstimes.com.sg/international/japans-households-spend-more-despite-falling-real-wages
https://www.channelnewsasia.com/business/japan-october-household-spending-rises-5th-straight-month-3124461
Malaysia’s cabinet ministers agree to 20% pay cut: Anwar
https://www.businesstimes.com.sg/international/asean/malaysias-cabinet-ministers-agree-20-pay-cut-anwar
Malaysia PM signals budget 2023 to stay largely intact
https://www.businesstimes.com.sg/international/malaysia-pm-signals-budget-2023-stay-largely-intact
https://www.straitstimes.com/asia/se-asia/malaysia-pm-anwar-signals-budget-2023-to-stay-largely-intact