Developers’ hunger for Singapore land is adding to signs that the city’s housing market is making a comeback after three years of price declines. As new home sales surge after an easing of property restrictions in mid-March, developers are becoming ... ( read original story ...)
UOL net attributable profit up 4% in Q1
It noted that conditions within Singapore’s private residential market appear to be stabilising following the adjustments to the property cooling measures and improved sentiments. Meanwhile, the pressure on office rents from new supply has abated as ... ( read original story ...)
Developers sold 1,555 private homes in April
A total of 419 units were sold at Seaside Residences, making it the top-selling project last month. (Photo: Frasers Centrepoint Singapore) Property developers sold 1,555 new private homes in April 2017, down 12.6 percent from 1,780 units a month earlier ... ( read original story ...)
Systra, Meinhardt bag design contracts for Singapore-KL HSR project
Global engineering companies Systra and Meinhardt have been awarded two Reference Design Consultant (RDC) contracts by MyHSR Corporation, and is responsible for implementing the Singapore-Kuala Lumpur High Speed Rail (HSR) project in Malaysia, reported ... ( read original story ...)
Salaries surge at OCBC, but Singapore banks cut headcount
People are getting paid more at OCBC. But Singapore bank results show headcount is falling. http://news.efinancialcareers.com/sg-en/282133/dbs-technology-contractors/ The sudden addition of scores of expensive Barclays bankers to its ranks has helped ... ( read original story ...)
RHB Bank gives Singapore football S$1.5m boost
SINGAPORE — It has been a turbulent few weeks for local football, with the sport reeling from revelations of amateur club Tiong Bahru Football Club’s (TBFC) S$500,000 donation to the Asean Football Federation, and a subsequent police raid on the ... ( read original story ...)
IE Singapore helps SMEs tap booming Vietnam market
The last offers a blend of Vietnamese street food. Property developers such as CapitaLand and Keppel Land represent “the first wave” of Singapore companies that established a beachhead in Vietnam in the early 1990s, notes Tan. Besides F&B operators ... ( read original story ...)
Singapore swing: city’s property market shows signs of recovery
Zealous cooling measures and a glut of newly built apartments have kept Singapore’s property market trending downwards for the past four years. Yet commentators and agents say real estate prices are poised to rebound. “There is a feeling now that the ... ( read original story ...)
Singapore March bank lending up 6.33 percent y/y to S$627.9 billion
SINGAPORE Singapore's total bank lending rose 6.33 percent in March from a year earlier, on the back of increased lending to general commerce and professional and private individuals, central bank data showed on Friday. Loans and advances by domestic ... ( read original story ...)
Singapore Banks' Hong Kong Envy
Ezra Holdings Ltd., the Singapore-listed offshore services group that sought protection from creditors in the U.S. last month, counts DBS Group Holdings Ltd. and Oversea-Chinese Banking Corp. among its biggest unsecured creditors. United Overseas Bank Ltd ... ( read original story ...)
Singapore Creates S$1 Billion Innovation Fund to Drive Growth
The Makara Innovation Fund -- a collaboration between the Intellectual Property Office of Singapore and local private equity firm Makara Capital-- will invest S$30 to S$150 million each in 10 to 15 companies with globally competitive technologies over ... ( read original story ...)
Singapore launches $717 million fund to help intellectual property firms
SINGAPORE Singapore on Wednesday launched a S$1 billion ($717.31 million) fund to invest in companies with strong intellectual property profiles as part of a government push to establish the city-state as a global IP centre. The Makara Innovation Fund (MIF ... ( read original story ...)
Commentary: Intellectual property is making today's ideas tomorrow's assets
The commercialisation of intellectual property can be a growth engine for Singapore's future economy, says chief executive of the Intellectual Property Office of Singapore Daren Tang. In a new economy, where the focus of IP is moving from protection ... ( read original story ...)
Bank lending in Singapore, Malaysia, Australia and Basel III
How does Basel III Affect Bank Lending in Singapore, Malaysia and Australia? How will Basel affect the macro lending environment? This Basel is not to be confused with Basil, a spice you can use for your pizza and other food. The Basel Committee on Banking ... ( read original story ...)
Get ready for upturn in Singapore property market
I recall walking into a property showroom one Saturday morning near the peak of the property cycle in 2013 to be greeted by an agent who excitedly proclaimed that purchasing a unit was just like buying vegetables. With property prices trending in only one ... ( read original story ...)
Singapore banks to remain under pressure despite recent loan recovery
Woes concerning oil and gas are also not over. Whilst there is general optimism seen in the ASEAN banking sector, Singapore banks will continue to face challenges and remain under pressure. According to BMI Research, Singapore banks will continue to face a ... ( read original story ...)