There may be opportunities for property developers to develop entire precincts in the future. Many developers in Singapore have expressed their eagerness to participate in a private-public partnership model that will see them master planning new districts ... ( read original story ...)
Retail investors more cautious about overseas property deals
SINGAPORE: Two recent charges against local real estate firms promoting overseas residential investments have put the spotlight back on such risky purchases. A complaint was filed against property agency Square Yards Singapore last month for failing to ... ( read original story ...)
Bank of Singapore to use Dubai as base to attract Middle East, Africa wealth
DUBAI (Reuters) - The private banking arm of Singapore’s second-biggest lender OCBC is targeting annual growth of assets of more than 20 percent from its new office in Dubai, which it aims to use to attract wealthy clients from the Middle East ... ( read original story ...)
Mortgage service firm OKs $225 million California settlement
SACRAMENTO, Calif. (AP) -- A mortgage services company signed a $225 million settlement with California regulators on Friday to settle allegations it overcharged active-duty military members, was late in providing key information for some civilian ... ( read original story ...)
MAS policy stance within 'planning parameters'; next move seen as tightening
SINGAPORE - Singapore's central bank is finding itself in a suitably comfortable position, and changes to its monetary policy approach seem unlikely for now. But should the Monetary Authority of Singapore (MAS) choose to move again later this year ... ( read original story ...)
Hong Kong and Singapore property: One is winning over Chinese investors
Against a backdrop of an uncertain global macro environment, one constant continues to drive key Asian property markets: The Chinese buyer. Mainland China investors, and their growing appetite for overseas assets, have been a key theme for the property ... ( read original story ...)
Hong Kong and Singapore property: One is winning on Chinese investors
Against a backdrop of an uncertain global macro environment, one constant continues to drive key Asian property markets: The Chinese buyer. Mainland China investors, and their growing appetite for overseas assets, have been a key theme for the property ... ( read original story ...)
Singapore's top lender DBS reports fall in Q4 net profit, increases allowances for bad loans
... of 2016 fell nearly 9 percent from the year-earlier period to S$913 million ($644 million), the bank said in an earnings release before the Singapore market opens. It set aside S$462 million ($326 million) in provisions for the quarter, up from S$247 ... ( read original story ...)
Ethical issues in the property sector
“The government is sending a clear signal that in the long haul, stringent entry requirements are needed to be a property agent. This will raise the image and professionalism of the industry,” noted Tan Tee Khoon, CEO of the Singapore Accredited Estate ... ( read original story ...)
Singapore Property Curbs Set to Stay in '17, CapitaLand CEO Says
Singapore’s residential property curbs are set to stay in place for at least another year amid signs the city’s housing market is stabilizing, the chief executive officer of Southeast Asia’s biggest developer said. “We see volume picking up and the ... ( read original story ...)
UPDATE 2-Singapore bank OCBC flags oil sector woes as Q4 profit hits 3-yr low
SINGAPORE, Feb 14 Oversea-Chinese Banking Corp , Singapore's second-biggest lender, flagged worries about a weak oil and gas sector after reporting an 18 percent drop in quarterly profit to a three-year low, mainly due to a jump in impairment charges. ( read original story ...)
Relearning retail
Last year was a challenging one for the Singapore retail market. The island-wide vacancy rate for retail space climbed to 8.4% in 3Q2016 — the highest level in more than five years since the time series commenced in 1Q2011. Meanwhile, for the whole of ... ( read original story ...)
Singapore firms among UEL’s shortlisted bidders
Final offers for the Singapore property group, which has a market capitalisation of $1.9 billion, are expected to be due by end-March, said sources who wanted to remain anonymous as the info is private. In January, UEL’s largest owners Oversea-Chinese ... ( read original story ...)
Redas calls for review to improve transparency in the property valuation process
The Real Estate Developers' Association of Singapore (Redas) has called for a review of property tax policies, among other suggestions for the upcoming Budget. Redas is also asking the Government to improve transparency in the property valuation process ... ( read original story ...)
Valentine’s Day: 3 Cool Districts For Hot Romance
This is an exotic date centered around the Arab Quarter in Singapore. Full of Middle Eastern charm, it is the perfect backdrop for a sensual encounter. Begin with a perfume-making workshop at Sifr Aromatics where you can create your own his and her ... ( read original story ...)
Review property tax, urges Redas
Redas has called on the government to review its property tax policies as part of its budget wish-list. The Real Estate Developers’ Association of Singapore (Redas) has called on the government to review the property tax for vacant private land ... ( read original story ...)