SINGAPORE — Since the wait-out period for current private property owners and former private property owners (PPOs/ex-PPOs) to buy a resale flat was introduced, the proportion of such buyers buying ... ( read original story ...)
Increased competition expected in Asia’s property insurance market: Gallagher Specialty
Thus, challenges persist in certain markets, such as below-technical rates and high exposure to natural catastrophes. Clean renewal business may see flat to 5% increases, while certain loss-affected ... ( read original story ...)
HongShan’s Neil Shen takes Singapore residency: A look at billionaires who left China in recent years
Neil Shen's company HongShan has expanded its base in Singapore after it split from the US-based Sequoia in June last year. ( read original story ...)
Singapore property firms’ profit hit by high rates, downturn
Singapore property firms City Developments Ltd. and CapitaLand Investment Ltd. reported bigger-than-expected declines in full-year profits ... ( read original story ...)
Taylor Swift: Singapore hotel dedicates whole property to Swift with bizarre features
A local venue in Singapore is hosting Swifties for one-of-a-kind entertainment in advance of the concert, featuring light shows, Taylor Swift exhibits and more. ( read original story ...)
More than S$5.4 billion set aside in 61,000 ‘money lock’ bank accounts
SINGAPORE: More than S$5.4 billion (US$4 billion) of savings have been set aside in over 61,000 bank accounts with a “money lock” feature as of February, said Minister of State for Trade and Industry ... ( read original story ...)
Property giants miss analysts’ profit estimates
SINGAPORE: Property giants City Developments Ltd (CDL) and CapitaLand Investment Ltd reported bigger-than-expected declines in full-year profits, after being battered by high interest rates and a ... ( read original story ...)
Wing Tai: An under-appreciated property play ripe for privatisation
SINGAPORE - In May 2017, listed property group Wing Tai Holdings, together with privately held Wing Tai Investment, made an unconditional takeover offer for Wing Tai Malaysia (WTM) at RM1.80 per share ... ( read original story ...)
Household debt and mortgages in Singapore grew by 1% in last quarter of 2023
SINGAPORE: Figures released by the Department of Statistics (SingStat) on Monday (Feb 26) show that household debt and mortgages grew by one per cent compared to the same period in 2022. This growth ... ( read original story ...)
Singapore households took on more debt in Q4
Household liabilities grew 1 per cent in Q4, reversing three quarters of y-o-y declines. Read more at straitstimes.com. ( read original story ...)
Budget debate 2024: Yip Hon Weng on making Singapore an affordable place to live in
The Government can do more to make Singapore an affordable place to live in, said MP Yip Hon Weng in Parliament on Monday (Feb 26). He spoke on four areas. First, transport. Mr Yip said skyrocketing ... ( read original story ...)
Singapore’s UOB revises down 2024 loan growth, fourth-quarter profit beats forecasts
Singapore's United Overseas Bank, or UOB, on Thursday cut its 2024 loan growth projections to low single-digits from mid-single digits after posting a stronger-than-forecast 22% jump in fourth quarter ... ( read original story ...)
Lower property tax to benefit most private owners
With the adjustment in AV bands, Morgan Stanley expects a 20%-30% lower property tax in 2025. “Property taxes are calculated based on AVs – referring to estimated rents – with progressively higher tax ... ( read original story ...)
What are you eligible for in Singapore’s Budget 2024?: CDC vouchers, U-Save, CPF, ABSD, SkillsFuture, and more
Property owners and buyers take note – the Additional Buyer's Stamp Duty (ABSD) concession will now be extended to single Singapore citizens aged 55 and above. This will help support seniors who wish ... ( read original story ...)
China cuts mortgage reference rate more than expected to revive property market
China cut the benchmark reference rate for mortgages at a monthly fixing on Tuesday by more than expected, as authorities ramped up efforts to stimulate credit demand and revive the property ... ( read original story ...)
China seen cutting mortgage reference rate for first time since June
China is widely expected to trim its benchmark mortgage reference rate at a monthly fixing on Tuesday, as banks’ improving net interest margins give authorities some leeway to use monetary stimulus to ... ( read original story ...)