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 ...)
Singapore land grab continues despite central bank warning
SINGAPORE (Nikkei Markets) -- Singapore's central bank may be concerned about growing risks in the property market, but its warning last week failed to dampen sentiment among developers, who drove land bids to a fresh record Tuesday. The aggressive bidding ... ( read original story ...)
Singapore Property Bulls Ignore Central Bank’s Warning Into 2018
These Eight Mid-Cap Stocks Are Hidden Gems, According To Ambit Capital Why Rivals Will Line Up At RCom’s Spectrum Fire Sale Don’t Raise The Income Tax Exemption Threshold Further: Arvind Subramanian India’s Big Job Creating Industry Is Dying A Slow ... ( read original story ...)
Singapore Property Bulls Ignore Central Bank’s Warning
Property stocks set for their best yearly gain since 2012 Singapore developers may extend their share rally into 2018 on a reviving home market, according to money managers and analysts, who say the central bank’s warning on a potential oversupply may ... ( read original story ...)
How to keep a cool head in the sizzling property market
The en bloc fever has hit Singapore for a while now, but it’s showing no signs of abating just yet. But don’t get overly excited at the prospect of making a small windfall from an en bloc deal: various ministers and property analysts have been urging ... ( read original story ...)
Keep cool in hot property market
Collective sale fever may be going strong, property prices are rising again and sales volumes are picking up, but regulators have given a clear warning that these signs may be more cause for caution than celebration. The Monetary Authority of Singapore ... ( read original story ...)