A series of blockbuster land deals in Singapore this year signal the city-state’s property market is set to break out of its prolonged slump in 2018. The spending spree may not be over, with more than S$3.3 billion ($2.5 billion) of land deals set to be ... ( read original story ...)
Singapore’s GuocoLand lauded as Asia’s top developer
GuocoLand has been recognised as the region’s Best Developer at the PropertyGuru Asia Property Awards Grand Final after being named as Singapore’s top home builder in the local leg of the awards. “One of the Singapore’s leading developers ... ( read original story ...)
Former bank employee charged with forging documents to disburse housing loans worth S$7.7m
SINGAPORE — A former mortgage specialist at OCBC Bank has been charged on Thursday (Nov 9) with 13 counts of forging documents relating to housing loan applications amounting to a staggering S$7.7 million. Between January 2014 and April 2015, Paul Liew ... ( read original story ...)
Singapore’s central bank chief thinks of fintech as “another hype”
Singapore’s central bank chief Ravi Menon warned against the wave of technology that’s is currently disrupting the financial services industry, calling such “another hype” in which he does not fully believe. He said in an interview with Bloomberg ... ( read original story ...)
Singapore Bank Chief Warns On Fintech Hype, Says Bitcoin Bubble Will Collapse
The head of ‘fintech friendly’ Singapore’s central bank has warned Blockchain and other fintech spheres are suffering from “hype.” In comments to Bloomberg Monday, Ravi Menon said that investors should also be wary of p2p lending platforms and ... ( read original story ...)
How safeguarding intellectual property benefits Singapore’s economy
As global competition intensifies, it is more important than ever for firms to stand out. Intellectual property (IP)—from brands and trademarks to patents and copyrighted work—is an important means by which local enterprises can set themselves apart ... ( read original story ...)
Singapore a success story in urban planning, says former HDB CEO
View of rush hour traffic in Singapore. Singapore’s former master planner Dr Liu Thai Ker said the city-state is a success story in urban planning due in part to strong government support. Speaking to attendees on Tuesday (7 November) at PropertyGuru’s ... ( read original story ...)
Singapore bank turns on AI to fight vice activities
OCBC Bank is trialling the use of artificial intelligence (AI) and machine learning tools to improve its ability to accurately identify suspicious activities, specifically, money laundering. The Singapore bank said it ran the software through one year's ... ( read original story ...)
Property Needs For Every Life Stage In Singapore: Getting Married, Lifestyle Upgrade, Retirement Planning
Many of our articles start by pointing out Singaporeans’ love for property investments. While we haven’t done any formal surveys, we think it’s a fact – given a choice – we would all rather own a property than its equivalent value in stocks ... ( read original story ...)
Foreign bank duped into transferring $4.4m to wrong account in Singapore
Employees of a bank in the Caribbean were duped into transferring more than $4.4 million of their client's money into a Singapore bank account in 2013. Yesterday, the court heard that staff at RBC Royal Bank (Trinidad and Tobago) made the error because ... ( read original story ...)
Be a happy property consumer! Follow these 6 steps!
“Being new to Singapore, I’m glad that I had easy access to an agreement I could sign with the property agent who was helping me search for a rental property when I first arrived in Singapore. As this was my first time in Asia, I wanted to make sure ... ( read original story ...)
Property: Will home prices increase as train network grows in Singapore?
HDB flats near Rochor Canal, which is within walking distance of Rochor station on Downtown Line 2 (DTL 2). A study shows how, as the MRT line opened, the average housing resale prices surged by 2.8 per cent for homes located within 1.5km of a DTL2 station ... ( read original story ...)
5 property financial disasters homeowners don’t realise they’re exposed to
Singapore has experienced zero natural disasters ... and it’s not surprising plenty of homeowners don’t expect things to go wrong. But there are potential property financial disasters you probably haven’t thought of before… such as: 1. ( read original story ...)
Ascott beefs up Singapore’s presence
The 299-unit Citadines property in Raffles Place and the 320-unit Citadines Rochor Singapore are slated to open in 2021 and 2020 respectively. They will be the two largest properties managed by Ascott in Singapore. The latest development more than doubles ... ( read original story ...)
Private community homes for seniors needed for S’pore, property firm says
SINGAPORE — A property consultancy has offered its view that private residential developments catering to seniors, akin to the community homes in the United States, may be something that Singapore need. Edmund Tie & Company said in a report on Monday ... ( read original story ...)
Singapore shares fall as lenders drag; StarHub earnings in focus
Singapore stocks fell on Thursday, dragged lower by lenders such as DBS and OCBC Bank amidst caution ahead of a U.S. tax bill from Republicans later in the day. The plan is said to include $6 trillion in tax cuts over 10 years but is unlikely to define how ... ( read original story ...)