as well as Singapore property developer and investment holding company Centra Cove for a cash consideration of US$12 million (S$16.2 million). Deka Singapore A Pte Ltd has sold Chevron House, a 32-storey commercial development with 27 levels of office ... ( read original story ...)
Asia’s Top Inflation-Targeting Bank May Be Preparing to Hike
an economist at DBS Group Holdings Ltd. in Singapore who predicts a rate increase this week. “Given the expansionary fiscal policy and strong investment growth, a rate hike is probably warranted to prevent overheating risks.” The central bank adopted ... ( read original story ...)
Singapore’s latest population demographics: what it means for housing
The only recent piece of analysis that leaves much food for thought is Ku Swee Yong’s three-part articles on Big Singapore Market Upgrade – Hype or Reality? where he questions Morgan Stanley’s remarks about “property prices on track to double by ... ( read original story ...)
Singapore slightly lowers supply of land for private housing in first-half 2018
SINGAPORE (Reuters) - Singapore slightly lowered the amount of land it plans to sell for private housing in the first half of 2018 as the government seeks to strike a balance between a potential future glut of residential units and current demand from ... ( read original story ...)
Chinese co-working space operator opens second Singapore outlet
The company signed a memorandum of understanding with trade agency IE Singapore and property giant CapitaLand last December to help Singapore firms break into the China market by offering co-working spaces as well as business advisory services. South-east ... ( read original story ...)
Bank exec jailed 15 weeks for taking upskirt videos of women including two colleagues
SINGAPORE - A bank executive who took upskirt videos of 17 women, including two colleagues, was jailed for 15 weeks on Monday (Dec 11) and fined $600. Ong Pang Beng, 36, who faced 19 charges, pleaded guilty to seven charges of insulting the modesty of a ... ( read original story ...)
Singapore banking stocks supported by undemanding valuations, strong economic growth
Bankruptcy orders in Singapore continues to decline and Hong Kong mortgage delinquency ratio remains low at 0.02%. In the offshore oil and gas sector, semi-submersibles utilisation could be bottoming out and jackups utilisation has recovered to levels last ... ( read original story ...)
Singapore latest population demographics: what it means for housing
The only recent piece of analysis that leaves much food for thought is Ku Swee Yong’s three-part articles on Big Singapore Market Upgrade – Hype or Reality? where he questions Morgan Stanley’s remarks about “property prices on track to double by ... ( read original story ...)
Singapore to seek public views on short-term home rentals through Airbnb
THE Singapore government, which has charged two men with unauthorised ... The move comes as strict rules on short-term property rentals in the city-state, a keen early adopter of the sharing economy, have invited complaints as it seeks a balance between ... ( read original story ...)
Property agents battle with the lure of earning easy money
With the growing demand for short-term accommodations, property agents in Singapore contend with the constant struggle of fending off temptations of earning additional income by listing and managing vacant rooms or units on Airbnb. A property agent who ... ( read original story ...)
SingHaiyi takes stake in Cromwell Property Group
SINGAPORE - Mainboard-listed real estate group SingHaiyi has, in conjunction with Haiyi Holdings, subscribed for about 175.1 million units of stapled securities, or a 9.9 per cent stake, in Australia-listed Cromwell Property Group for A$169.6 million (S$ ... ( read original story ...)
Norwegian sovereign wealth fund appears to have no confidence in investing in Singapore properties
In an interview with Financial Times (FT), Norway’s sovereign wealth fund – which is derived mainly from oil export – indicated that they are shunning property investments in Singapore. The fund has been scouring Asia since 2015 for property ... ( read original story ...)
Singapore honours Oxley Holdings’ Ching Chiat Kwong as Real Estate Personality 2017
Ching Chiat Kwong, executive chairman and CEO of Oxley Holdings Limited, has been named by the editors of PropertyGuru Property Report as Singapore’s 2017 Real Estate Personality of the Year. The property magnate was honoured at the industry’s premier ... ( read original story ...)
Facebook Co-Founder Eduardo Saverin Becomes Singapore’s Richest Person
With an estimated net worth of $10.1 billion, Saverin, 35, edged past property siblings Robert & Philip Ng, who have occupied the top spot as Singapore’s richest since 2010 and have an estimated fortune of $10 billion. A Singapore resident since 2012 ... ( read original story ...)
Singapore residential or commercial property market: Prepare yourself for the upturn
However exactly how big will the influence be, truly? Assuming the Sibor climbs by 200 basis indicate 3 per cent, monthly mortgage repayments for an owner of a second residence worth S$ 1 million will certainly increase from about S$ 1,750 to S$ 2,300 each ... ( read original story ...)
Singapore to redevelop Dakota Crescent: MND Minister Lawrence Wong
HDB flats will be built, whilst the central courtyard will be retained. One of Singapore's first housing projects, Dakota Crescent, will be developed by Singaporean authorities, Minister for National Development Lawrence Wong said. According to a Facebook ... ( read original story ...)