The company signed a memorandum of understanding with trade agency IE Singapore and property giant CapitaLand last December to help Singapore firms break into the China market by offering co-working spaces as well as business advisory services. South-east ... ( read original story ...)
Bank exec jailed 15 weeks for taking upskirt videos of women including two colleagues
SINGAPORE - A bank executive who took upskirt videos of 17 women, including two colleagues, was jailed for 15 weeks on Monday (Dec 11) and fined $600. Ong Pang Beng, 36, who faced 19 charges, pleaded guilty to seven charges of insulting the modesty of a ... ( read original story ...)
Singapore banking stocks supported by undemanding valuations, strong economic growth
Bankruptcy orders in Singapore continues to decline and Hong Kong mortgage delinquency ratio remains low at 0.02%. In the offshore oil and gas sector, semi-submersibles utilisation could be bottoming out and jackups utilisation has recovered to levels last ... ( read original story ...)
Singapore latest population demographics: what it means for housing
The only recent piece of analysis that leaves much food for thought is Ku Swee Yong’s three-part articles on Big Singapore Market Upgrade – Hype or Reality? where he questions Morgan Stanley’s remarks about “property prices on track to double by ... ( read original story ...)
Singapore to seek public views on short-term home rentals through Airbnb
THE Singapore government, which has charged two men with unauthorised ... The move comes as strict rules on short-term property rentals in the city-state, a keen early adopter of the sharing economy, have invited complaints as it seeks a balance between ... ( read original story ...)
Property agents battle with the lure of earning easy money
With the growing demand for short-term accommodations, property agents in Singapore contend with the constant struggle of fending off temptations of earning additional income by listing and managing vacant rooms or units on Airbnb. A property agent who ... ( read original story ...)
SingHaiyi takes stake in Cromwell Property Group
SINGAPORE - Mainboard-listed real estate group SingHaiyi has, in conjunction with Haiyi Holdings, subscribed for about 175.1 million units of stapled securities, or a 9.9 per cent stake, in Australia-listed Cromwell Property Group for A$169.6 million (S$ ... ( read original story ...)
Norwegian sovereign wealth fund appears to have no confidence in investing in Singapore properties
In an interview with Financial Times (FT), Norway’s sovereign wealth fund – which is derived mainly from oil export – indicated that they are shunning property investments in Singapore. The fund has been scouring Asia since 2015 for property ... ( read original story ...)
Singapore honours Oxley Holdings’ Ching Chiat Kwong as Real Estate Personality 2017
Ching Chiat Kwong, executive chairman and CEO of Oxley Holdings Limited, has been named by the editors of PropertyGuru Property Report as Singapore’s 2017 Real Estate Personality of the Year. The property magnate was honoured at the industry’s premier ... ( read original story ...)
Facebook Co-Founder Eduardo Saverin Becomes Singapore’s Richest Person
With an estimated net worth of $10.1 billion, Saverin, 35, edged past property siblings Robert & Philip Ng, who have occupied the top spot as Singapore’s richest since 2010 and have an estimated fortune of $10 billion. A Singapore resident since 2012 ... ( read original story ...)
Singapore residential or commercial property market: Prepare yourself for the upturn
However exactly how big will the influence be, truly? Assuming the Sibor climbs by 200 basis indicate 3 per cent, monthly mortgage repayments for an owner of a second residence worth S$ 1 million will certainly increase from about S$ 1,750 to S$ 2,300 each ... ( read original story ...)
Singapore to redevelop Dakota Crescent: MND Minister Lawrence Wong
HDB flats will be built, whilst the central courtyard will be retained. One of Singapore's first housing projects, Dakota Crescent, will be developed by Singaporean authorities, Minister for National Development Lawrence Wong said. According to a Facebook ... ( read original story ...)
Singapore Bank Stocks: Time to Buy?
Analyst Krishna Guha has upgraded all three lenders to buy given the narrative of synchronized global growth and improving trade. Guha expects loan growth to pick up further in 2018, while margins may also pick up: Loan growth for the three banks has ... ( read original story ...)
Property: Home loan interest rates increase
The home loan benchmark, the three-month Sibor, or Singapore interbank offered rate, is up sharply. It was 1.21 per cent last Friday, up eight points from the previous Friday. The benchmark had been rising for five straight days. UOB expects the three ... ( read original story ...)
How Deutsche Bank staved off staff “exodus” to start hiring again in Asia
This time last year Deutsche Bank was facing turmoil in Singapore and Hong Kong. Now it’s busy hiring. How come? This time last year Deutsche Bank Wealth Management was facing turmoil in Asia. It had just suffered the significant departures of Ravi Raju ... ( read original story ...)
Singapore stocks extend losses on weak global cues; United Overseas Bank falls 1%
Singapore stocks fell on Wednesday, taking cues from weak Asian shares as uncertainty over U.S. policy kept many investors on the sidelines. Asian shares hovered near two-month lows as iInvestors are looking to final tax reform legislation in the United ... ( read original story ...)