Singapore bank lending edges up in February

SINGAPORE - Bank lending in Singapore rose slightly in February from the previous month, reversing January's dip, according to preliminary data from the Monetary Authority of Singapore on Thursday (March 29). Loans through the domestic banking unit - which ... ( read original story ...)

Singapore February bank lending rises 0.1 percent from month ago

SINGAPORE, March 29 (Reuters) - Singapore’s total bank lending in February rose 0.1 percent from the month earlier, on the back of increased loans to businesses, central bank data showed on Thursday. Loans and advances by domestic banking units in the ... ( read original story ...)

Are Singaporeans Unhappy Because of Property?

Singapore’s GDP grew 3.5 percent in 2017 ... I think the older generation, who are now mainly retired, were a more content bunch. When we don’t own property, we desire a HDB flat subsidised by the government. While we are paying off the mortgage ... ( read original story ...)

Singapore c.bank expected to tighten monetary policy in April

SINGAPORE (March 27): Singapore's central bank is expected to tighten monetary policy in April for the first time in six years, with economic growth solid and the labour market showing signs of improvement, a Reuters poll of economists found. Nine of 15 ... ( read original story ...)

EAP seals deal to sell key assets to Singapore firm

A deal has been sealed to sell some of the key EAP Group assets to a Singapore-based investment holding company, with Sri Lanka’s Central Bank giving the green light to proceed with the deal, Mirror Business learns. The assets that will be sold under the ... ( read original story ...)

Foreign demand returning to Singapore property

Aerial view of luxury properties in Keppel Bay. The surprisingly strong sales momentum witnessed at the recent launch of New Futura, in which foreigners accounted for close to 60 percent of the 48 units sold, indicates that foreign demand is returning to ... ( read original story ...)

Will rising Development Charge affect property prices?

Development Charge (DC) in Singapore has been going up in several areas. The latest hike occurred February this year. This isn’t usually the sort of thing average Singaporeans pay attention to since it’s the property developers who pay such fees. ( read original story ...)

Singapore lords over world’s most expensive cities

A private car could set a buyer back by SGD70,000 (USD53,000) in Singapore. Prices of high-end property in the city could double by 2025, “assuming the government intervention won’t be too drastic,” according to Alex Schlaen, CEO of Panache ... ( read original story ...)

Prime cities’ property markets are being ignored for Singapore

Homes purchased by non-Singaporeans rose 63% in 2017, thanks to market recovery. Even if the New Futura (48 units sold out of 64 units) is the only major project launched so far in 2018, sales momentum has been surprisingly strong for a luxury residential ... ( read original story ...)