SINGAPORE REAL ESTATE
Marina Gardens, Jurong Lake sites among 7 new housing plots to go up for sale in H1 2023
Seven new sites will be on offer under the Government Land Sales (GLS) for private residential housing in the first half of 2023 – four on the confirmed list and three on the reserve list.
https://www.businesstimes.com.sg/property/marina-gardens-jurong-lake-sites-among-7-new-housing-plots-go-sale-h1-2023
https://www.straitstimes.com/business/govt-steps-up-supply-of-private-homes-for-first-half-2023-includes-mega-jurong-lake-district-site
https://www.channelnewsasia.com/singapore/jurong-lake-district-ura-government-increase-private-housing-supply-2023-3130311
https://www.todayonline.com/singapore/singapore-increases-private-housing-supply-earmarks-large-jurong-lake-district-sale-site-mixed-use-2066691
Jurong East mega white site a bold test of office space demand in vicinity
Despite reservations among some property market watchers about the depth of office demand in the vicinity of Jurong East MRT station, the Ministry of National Development has boldly placed a mega white site with a mandatory office component, on the confirmed list of the first-half 2023 Government Land Sales (GLS) programme.
https://www.businesstimes.com.sg/property/jurong-east-mega-white-site-bold-test-office-space-demand-vicinity
COMPANIES’ BRIEF
CapitaLand Investment appoints Andrew Lim as group COO from Jan 1
CapitaLand Investment’s (CLI) current group chief financial officer (CFO) Andrew Lim will assume the newly-created role of group chief operating officer (COO) from Jan 1, the global real estate investment manager said in a statement on Thursday (Dec 8).
https://www.businesstimes.com.sg/companies-markets/capitaland-investment-appoints-andrew-lim-group-coo-jan-1
Far East Orchard buys new student accommodation in UK for £13.9m
Developer Far East Orchard has acquired a freehold student accommodation property in Southampton, UK for a price of 13.9 million pounds (S$22.9 million), said Far East in a bourse filing on Friday (Dec 9).
https://www.businesstimes.com.sg/companies-markets/far-east-orchard-buys-new-student-accommodation-uk-ps139m
Keppel DHCS raises stake in district cooling joint venture in Bangkok
Keppel DHCS, a wholly-owned subsidiary of Keppel Infrastructure Holdings, has upped its stake in a joint venture for a district cooling system in Bangkok to 42 per cent, after acquiring 16 per cent from Thai renewable energy company BCPG.
https://www.businesstimes.com.sg/companies-markets/keppel-dhcs-raises-stake-district-cooling-joint-venture-bangkok
Keppel shareholders vote overwhelmingly for Sembmarine, Keppel O&M’s mega merger
Keppel Corporation’s shareholders voted overwhelmingly for the merger of its offshore and marine (O&M) unit with Sembcorp Marine (Sembmarine), with 99.96 per cent of votes cast for the proposal.
https://www.businesstimes.com.sg/companies-markets/keppel-shareholders-vote-overwhelmingly-sembmarine-keppel-oms-mega-merger
https://www.straitstimes.com/business/keppel-shareholders-vote-overwhelmingly-for-sembmarine-keppel-om-s-mega-merger
GLOBAL ECONOMY & GLOBAL REAL ESTATE
Thriving on risk: Three predictions on the future of compliance amid hyper digitalisation
https://www.theedgesingapore.com/digitaledge/digital-economy/thriving-risk-three-predictions-future-compliance-amid-hyper
Economic fundamentals a bigger 2023 concern for markets than rate shocks: GIC
https://www.businesstimes.com.sg/companies-markets/economic-fundamentals-bigger-2023-concern-markets-rate-shocks-gic
US mortgage rates fall for a fourth week, sending 30-year to 6.33%
https://www.businesstimes.com.sg/property/us-mortgage-rates-fall-fourth-week-sending-30-year-633
Manhattan apartment rents rise after three months of declines
https://www.businesstimes.com.sg/international/manhattan-apartment-rents-rise-after-three-months-declines
UK house prices fall the most since pandemic
https://www.businesstimes.com.sg/property/uk-house-prices-fall-most-pandemic
China’s lifting of Covid curbs yields little cheer as recession fears weigh on markets
https://www.businesstimes.com.sg/international/global/chinas-lifting-covid-curbs-yields-little-cheer-recession-fears-weigh-markets
Chinese eye travel again but fear a Covid-19 surge
https://www.straitstimes.com/asia/chinese-eye-travel-again-but-fear-a-covid-19-surge
Hong Kong shortens Covid isolation, eases testing for travellers
https://www.businesstimes.com.sg/international/hong-kong-shortens-covid-isolation-eases-testing-travellers
Bright spots for Indonesian consumer staples as inflation grows: DBS
https://www.businesstimes.com.sg/international/bright-spots-indonesian-consumer-staples-inflation-grows-dbs