Thanks to higher real rates. The accumulation of debt due to property purchases might have eased as Singapore's real rates rose, Morgan Stanley said. The firm said Singapore's trends in debt-to-GDP have largely mirrored China’s, with negative real rates ... ( read original story ...)
Singapore stocks fall amid rising China borrowing costs, Malaysia equities gain
In Singapore, lenders DBS Group Holdings and United Overseas Bank lost 0.9% and 0.8%, respectively. Golden Agri-Resources shed 1.3%. The company reported earlier in the day that it was selling its Tianjin oil operations for $111 million. The Bursa Malaysia ... ( read original story ...)
Regulator apologises for ‘Basel IV’ bank rules delay
Singapore central bank boss Ravi Menon has apologised to banks for the lengthy delays to a new package of global regulatory reforms that may finally be agreed by December 7. Mr Menon, who sits on the supervisory body of the Basel Committee on Banking ... ( read original story ...)
Singapore Press : Bank of China, Lianhe Zaobao and UnionPay International launch new cards to drive Singapore’s cashless society vision
Singapore, 24 November 2017 - Bank of China Singapore Branch (BOCSG) today launched new co-branded credit and debit cards in partnership with Lianhe Zaobao, the Chinese flagship newspaper of Singapore Press Holdings (SPH), and global payments brand UnionPay. ( read original story ...)
Mortgage is Critical to Housing Policy, Says Alufohai
Alufohai proposed a modeling of Nigeria’s mortgage system after that of Singapore where its citizens obtain 20 to 30-year low interest mortgages to acquire houses through a pool of funds into which all workers must contribute 20% of their salary. ( read original story ...)
From policeman to property developer
At the recent PropertyGuru Asia Property Awards held on 7 November, Oxley Holdings’ executive chairman and CEO Ching Chiat Kwong was honoured as the Singapore Real Estate Personality of the Year by the editors of Property Report magazine. It’s a huge ... ( read original story ...)
Property trends in 2018
According to Cushman & Wakefield Singapore’s research head Christine Li ... that home prices across the city-state are indeed recovering, the PropertyGuru Property Index shows that asking prices of over 200,000 homes listed on the website have ... ( read original story ...)