The Leading Professional and Representative Body for the Real Estate Industry

The Leading Professional and Representative Body for the Real Estate Industry



Daily News – 7 Oct 2022 (Fri)


CDL to start previews for Copen Grand EC in Tengah on Friday, with prices from S$1.08m
City Developments Ltd (CDL) and MCL Land will open applications for their Copen Grand executive condominium (EC) project in the upcoming Tengah area on Friday (Oct 7), with prices starting from S$1.08 million for a two-bedroom unit.

Six adjoining Geylang Road shophouses put on the market
Six adjoining shophouses located at 311 to 321 Geylang Road have been put up for sale via an expression of interest (EOI) at an undisclosed price, exclusive marketing agent Savills Singapore said on Thursday (Oct 6).

Buyers from China snap up biggest share of S’pore’s luxury condos among foreigners
Singapore – Chinese buyers have snapped up the biggest share of Singapore’s condo market in 2022 compared with other foreigners, as total foreign buying of private non-landed homes almost bounced back to pre-pandemic levels.

Cooling measures timely and necessary
Despite property cooling measures introduced in December 2021, and mortgage rates having risen steadily since, housing prices here have surged ahead of economic fundamentals.

HDB to exercise flexibility to waive wait-out period for some downgraders to purchase resale flat
Private property downgraders who can show they obtained an option to purchase a HDB resale flat before the cooling measures kicked in may have their 15-month wait-out period waived, said the Housing Board on Thursday (Oct 6).

Record number of million-dollar flats sold in September; HDB resale prices up 1.2%: SRX,
The number of Housing and Development Board (HDB) flats sold for S$1 million or more hit a record high in September 2022, following the news of property cooling measures. According to flash data from real estate portal SRX and released on Thursday (Oct 6), a total of 45 flats worth a million dollars each were sold last month.



Singapore-China ties to open up new opportunities for businesses in both countries: DPM Wong
Collaborating in emerging areas of the new economy will open up new opportunities in both Singapore and China, said Deputy Prime Minister Lawrence Wong at the Business China’s Future China Global Forum on Friday (Oct 7).

Making Singapore a regional centre for philanthropy
Singapore has strong policies in place to support people who wish to do good. Over the years, the Government has worked with philanthropic organisations, family offices and others in this area to develop a strong ecosystem where charitable initiatives and giving are encouraged and supported.

Singapore’s August unemployment rates fall to lowest in over 6 years but MOM warns of weakness ahead
Singapore’s unemployment rates fell across the board in August, but the Ministry of Manpower (MOM) warned of risks of an economic slowdown that could dampen the labour market.



Global economy could lose US$4 trillion in output, IMF chief warns

Bringing down inflation will take time, more rate hikes: Federal Reserve officials

IMF should issue new reserves to help countries tackle overlapping crises – groups

US mortgage rates slip to 6.66%, the first drop in 7 weeks

Will the Fed win the war on inflation? It’s complicated

UK business pessimism worsened by fears of sticky inflation

UK construction outlook dims with increase in interest rates

London spare room rentals squeezed by surge in tenant demand and low supply

Australia’s central bank warns of rising financial stability risks, households under pressure

Australian PM under pressure to scrap tax cuts for high earners after UK chaos

Australia trade surplus unexpectedly narrows on import strength

China after the property boom: Can it rebuild the growth model?

Hong Kong recovery falters as PMI falls to worst in six months

Taiwan September inflation rate edges up slightly, but still below 3%

Japan Aug household spending rises 5.1% year/year

S.Korea Aug current account logs biggest deficit in over two years

Legoland Korea’s default flags risks for nation’s developers

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