It can be useful to have a quick summary of what happened in the economy and markets in the week before. Here are some of the important developments and data that emerged last week. Analysts believe that 2018 will be the turnaround year for the Singapore ... ( read original story ...)
Singapore’s property market on the upturn
SINGAPORE (The Straits Times/ANN) - After three years of falling prices, 2018 is looking like the year that the Singapore property market's long-awaited turnaround finally gains traction. Analysts reckon that a trough has been reached though they are ... ( read original story ...)
Slight rise in number of property agents this year
There are now 28,571 registered property agents in Singapore. The number of registered property agents in Singapore rose slightly to 28,571 as at 1 January 2018, up from 28,397 during the same period last year, according to data released by the Council for ... ( read original story ...)
Cooling measures a “retardant” to property market’s recovery
Market watchers, however, believe this is unlikely to happen in 2018. Savills Singapore senior director Alan Cheong said the length of private property price uptrends in Singapore historically averages 17.6 quarters. “If this forms the base case for this ... ( read original story ...)
Singapore Central Bank May Tighten Policy
Singapore’s economic growth slowed in the fourth quarter as factories lost steam, but a services sector recovery has bolstered expectations the central bank could tighten monetary policy as early as April, sending the local currency higher. The economy ... ( read original story ...)
Singapore’s Q4 growth bolsters bets on central bank tightening
Singapore: Singapore’s economic growth slowed in the fourth quarter as factories lost steam, but a services sector recovery has bolstered expectations the central bank could tighten monetary policy as early as April, sending the local currency higher. ( read original story ...)
Fugitive Vietnamese tycoon remains in Singapore, lawyer says
Phan Van Anh Vu, 42, a property developer and former secret service officer who media say is wanted in Vietnam for revealing state secrets, was detained in Singapore on Thursday as he tried to leave for Malaysia. Remy Choo, one of at least three lawyers ... ( read original story ...)
Vietnamese property magnate who is wanted in Vietnam detained in Singapore
SINGAPORE - A Vietnamese property magnate, who is wanted in Vietnam for allegedly disclosing state secrets, has been detained in Singapore, said a lawyer appointed to represent him here. Mr Phan Van Anh Vu, 42, is said to have entered Singapore on Dec 21 ... ( read original story ...)
Vietnamese fugitive detained in Singapore seeks passage to Germany
SINGAPORE/BERLIN (Reuters ... Vu's lawyer in Germany said that he was a senior officer in Vietnam's secret police as well as a property developer. His case adds a new international dimension to a Vietnamese corruption crackdown that has brought the ... ( read original story ...)
Big property deals surge to 10-year high in 2017
Sales of big-ticket property transactions of S$10 million and above in 2017 surged to their highest level in a decade. This, however, was short of the record achieved in 2007. According to Savills Singapore's preliminary tally as at Dec 27, investment ... ( read original story ...)
5 property trends we’ll probably see in 2018
Whenever these hikes occur, the local Singapore Interbank Offered Rate (SIBOR ... for the psychological reassurance). Property home sales were up 29 per cent year-on-year, as of September 2017. The volume of property transactions has continued on a ... ( read original story ...)
Property: Will the depreciation of HDB flats affect your retirement assets?
For the first time, Singapore Land Authority officers had to explain the lease expiry process, which means that owners have to vacate their property - in this case, by Dec 31, 2020 - with no compensation. While some owners had asked about the possibility ... ( read original story ...)
Singapore Home Prices Rise for Quarter Adding to Rebound Signs
Singapore home prices rose for a second straight quarter, reinforcing signs the city-state’s property market is emerging from a four-year slump. An index tracking private residential prices rose 0.7 percent in the three months ended Dec. 31, building on ... ( read original story ...)
Singapore holds fugitive Vietnam intelligence agent: lawyers
A fugitive Vietnamese intelligence officer wanted in his homeland for allegedly disclosing state secrets has been arrested in Singapore, his lawyers said on Tuesday. Phan Van Anh Vu, who is also a property developer, was detained on Thursday at a border ... ( read original story ...)
Singapore private home prices post first annual rise in 4 years
Singapore's private home prices had recorded their first quarterly rise in four years in the third quarter. - Private residential property prices declined for 15 straight quarters from the fourth quarter of 2013 to the second quarter of 2017, the longest ... ( read original story ...)
SIBOR up 25%, but property mkt is hot?
The three-month Singapore Interbank Offered Rate (Sibor) – the benchmark rate for most residential property loans here – has risen from 0.969 per cent on Jan 3, to 1.212 per cent as of the middle of this month. It is expected to go up further ... ( read original story ...)