Singapore sentences ex-BSI banker to additional jail time

SINGAPORE (Reuters) - A Singapore court jailed a former wealth manager of Swiss bank BSI for four and a half years on Wednesday for money laundering and cheating in a case linked to an investigation involving the Malaysian fund 1MDB. The former banker ... ( read original story ...)

APP hires former Singapore army general as sustainability chief

Bernard Tan, who has led Singapore bank DBS’s Indonesian operations since 2009, joins as the annual haze season is due to hit. The Singapore skyline during the haze of 2015. A third of the fires that affected Singapore are believed to have been started ... ( read original story ...)

Pearl Bank Apartments makes 4th attempt at en-bloc sale

SINGAPORE: Pearl Bank Apartments, the iconic horseshoe-shaped building at Outram, is attempting a collective sale for the fourth time. An extraordinary general meeting was held on Saturday (Jul 8), during which Colliers International was appointed ... ( read original story ...)

Redas: Too soon to say property market has recovered

Despite signs of the property market picking up, Real Estate Developers’ Association of Singapore (Redas) President Augustine Tan believes that it is still too early to assume that the market has finally turned positive and recovery has kicked in ... ( read original story ...)

Bank lending up 6.8% year-on-year in May

SINGAPORE - Bank lending in May rose for the eighth straight month on the back of a more sanguine economic outlook as both business and consumer loans went up. Total bank loans rose to S$633.2 billion, up 6.8 per cent compared with S$592.8 billion in May ... ( read original story ...)

Luxury home prices on the upswing

While it has taken a beating from the government’s property cooling measures in recent years, luxury home prices in Singapore are now showing signs of recovery, reported Bloomberg. In fact, luxury home sales had been on the upswing even before some of ... ( read original story ...)

Singapore Home Prices Extend Longest Losing Streak on Curbs

Singapore home prices fell in the quarter ended June, extending the drop in property values to a record 15th quarter as most measures to cool the market remain in place despite a slight easing in March. An index tracking private residential prices fell 0.3 ... ( read original story ...)

Singapore’s MAS Says Not Yet Time to Ease Property Curbs

(Bloomberg) -- Singapore’s central bank said it’s not yet time to ease property curbs and the adjustments made by the government in March don’t signal an unwinding of the measures. While the property market has stabilized, “it is, however, not time ... ( read original story ...)

Singapore to maintain property stance

The central bank of Singapore has announced that its current cooling measures will remain in place. The restrictions, which were introduced eight years ago, have been cited as the reason for the cooling of the property market. “Our key property market ... ( read original story ...)

MAS: Property cooling measures still necessary

SINGAPORE: Singapore’s central bank said it’s not yet time to ease property curbs and the adjustments made by the government in March don’t signal an unwinding of the measures. While the property market has stabilised, “it is, however, not time yet ... ( read original story ...)

Not yet time to ease property cooling measures, says MAS

Singapore’s property cooling measures are here to stay, according to the Monetary Authority of Singapore (MAS). The central bank says residential property transactions increased in 2016 compared with 2015 due to healthy sales at project launches and ... ( read original story ...)