Mortgage rates and borrowing costs are likely to remain elevated amidst the ongoing banking crisis in the West, noted Christine Sun, senior vice president of research & analytics, Orange Tee & Tie. ( read original story ...)
Singapore’s financial centre status is safe, despite an overheated rental market
The sudden resumption of demand has added to the long list of factors driving up rental prices. Among the most important ones are the lack of supply, the "financialisation" of real estate and, more ... ( read original story ...)
Facebook, Carousell users tricked into working for scammer who posed as property agent
He allegedly paid the social media users $50 each to share fake listings on their real accounts. Read more at straitstimes.com. ( read original story ...)
Care must be taken to not overcorrect S’pore’s property market in times of volatility: Desmond Lee
National Development Minister Desmond Lee said care must be taken to not overcorrect Singapore’s property market. The property market here has been fairly resilient, in part because of the cooling ... ( read original story ...)
Early signs of rental, resale property markets slowing: Desmond Lee
He told ST that the construction of BTO projects has been ramped up but it will take about two years to clear the backlog. Read more at straitstimes.com. ( read original story ...)
Murder in the house? Here’s how to sell a stigmatised property in Singapore, says one property agent
Selling a house can be challenging, from putting it up for sale to finding the right buyer. But when the house is a stigmatised property, the process can get a lot trickier. What's a stigmatised ... ( read original story ...)
5 property asset progression risks upgraders should know to avoid financial setbacks
It’s a seductive pitch and one that many people fall for. But as someone who’s seen both the highs and the lows of the Singapore property market, I can tell you that the reality is far more complex. ( read original story ...)
Heart of the Matter – S3E32: Can a bank go bust in Singapore?
It started with the collapse of Silicon Valley Bank in the US and was followed swiftly by the emergency rescue of beleagued Credit Suisse by UBS. How does a bank go bust? What drives panic and fear ... ( read original story ...)
Central bank tests spur global instant payment hopes
A year of tests run by central banks in Italy, Malaysia and Singapore have spurred hopes for a global instant payments network accessible at the tap of a mobile phone. ( read original story ...)
Singapore fintech wins Asia’s largest fund raise since US bank’s collapse
It shows some start-ups are still finding capital even as the venture industry grapples with rising interest rates, elevated inflation and a tech downturn. Read more at straitstimes.com. ( read original story ...)
Home-grown property platform Ohmyhome first S’pore firm to list in US this year
Singapore online property solutions company Ohmyhome has become the first Singapore company to list on Wall Street this year. It priced its Nasdaq initial public offering at US$4 per share, raising ... ( read original story ...)
Singapore police: Rental scams resurface, 305 victims lost S$1.7 million from January to sham property agents
At least 305 people have fallen victim since January to scams when trying to rent a place from people pretending to be property agents, losing ... ( read original story ...)
5 Singapore REITs That May Comfortably Weather Higher Interest Rates in 2023
Net property income (NPI) rose 14.9% year on year to €48.8 ... Paragon REIT was formerly known as “SPH REIT” and owns a portfolio of five retail properties in Singapore and Australia. The REIT ... ( read original story ...)
Rental scams resurface, 305 victims lost S$1.7 million from January to sham property agents: Police
At least 305 people have fallen victim since January to scams when trying to rent a place from people pretending to be property agents, losing at least S$1.7 million in the process. ( read original story ...)
At least $1.7 million lost to scammers impersonating property agents since January
SINGAPORE - At least 305 people have lost about $1.7 million since January to scammers who pretend to be property agents, said the police in an advisory on Tuesday. These scammers put up online ... ( read original story ...)
Celebrity Doing Things: TVB actor Him Law wants to send daughter to Singapore for studies
Sometimes we take the safety in Singapore for granted, until foreigners remind us about it.TVB actors Vincent Wong, 39, and Him Law, 38, were in Singapore earlier this month for the Let's Talk About ... ( read original story ...)