Asia Stocks Mixed as U.S. Dollar Seeks Direction

Property developer Sunac China Holdings announced it agreed ... the Kospi index retreated 11.63 points, or 0.5%, to 2,439.90 In Singapore, the Straits Times Index gained 17.03 points, or 0.5%, to 3,327.83 In New Zealand, the NZX 50 heightened 30.77 points ... ( read original story ...)

News Roundup (July 2017)

The penthouse is expected to test the endurance of demand for luxury property in Singapore, the segment of the market that suffered most from the government’s property cooling measures. Property consultancy JLL revealed that luxury home prices in the ... ( read original story ...)

Singapore: A haven of stability

Despite the sluggish market and weak economic outlook, Singapore is still considered a safe bet by foreign investors, according to analysts. Although the property cooling measures such as the Additional Buyer’s Stamp Duty (ABSD), imposed by the ... ( read original story ...)

Property-bound Singapore capital now prefers home turf

THE capital flight to greener pastures abroad from Singapore has slowed to a trickle, amid a turnaround in the property market at home. Data compiled by Real Capital Analytics and Knight Frank Research shows that the number of outbound investment deals ... ( read original story ...)

Singapore gets to grips with NSFR rules

The Monetary Authority of Singapore (MAS) issued Notice 652 on July 10, which will require DBS Bank, OCBC Bank and United Overseas Bank to maintain a net stable funding ratio of 100 percent from January 1, 2018. The NSFR, a key reform announced by the ... ( read original story ...)

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 ...)