Despite the sluggish market and weak economic outlook, Singapore is still considered a safe bet by foreign investors, according to analysts. Although the property cooling measures such as the Additional Buyer’s Stamp Duty (ABSD), imposed by the ... ( read original story ...)
Property-bound Singapore capital now prefers home turf
THE capital flight to greener pastures abroad from Singapore has slowed to a trickle, amid a turnaround in the property market at home. Data compiled by Real Capital Analytics and Knight Frank Research shows that the number of outbound investment deals ... ( read original story ...)
Singapore gets to grips with NSFR rules
The Monetary Authority of Singapore (MAS) issued Notice 652 on July 10, which will require DBS Bank, OCBC Bank and United Overseas Bank to maintain a net stable funding ratio of 100 percent from January 1, 2018. The NSFR, a key reform announced by the ... ( read original story ...)
Singapore penthouse on sale for over $72 million, a test for luxury market’s recovery
The 'bungalow in the sky' penthouse in the GuocoLand-developed Tanjong Pagar Centre, is likely to become Singapore's most expensive apartment. It will test the endurance of demand for luxury property in the city-state – the part of the market that has ... ( read original story ...)
Singapore penthouse on sale for $72 million, a test for luxury market’s recovery
The 'bungalow in the sky' penthouse in the GuocoLand (GUOC.SI)-developed Tanjong Pagar Centre, is likely to become Singapore's most expensive apartment. It will test the endurance of demand for luxury property in the city-state – the part of the market ... ( read original story ...)
Hong Kong vs Singapore: Which City Has Better Housing and Living for Expats?
Real estate investors have seen secondary home prices soar 400% since the last property slump in 2003. Hong Kong’s stock market has beaten Singapore’s over the past five years, too. International companies based in Hong Kong rose 53 percent since 1997 ... ( read original story ...)
Singapore sentences ex-BSI banker to additional jail time
SINGAPORE (Reuters) - A Singapore court jailed a former wealth manager of Swiss bank BSI for four and a half years on Wednesday for money laundering and cheating in a case linked to an investigation involving the Malaysian fund 1MDB. The former banker ... ( read original story ...)
Bank recruiter slams “entitlement culture” among Singapore job seekers
I recruit in-house for a US bank in Singapore. Just recently I approached a candidate who had been let go by one of the British banks. She had been out of work for around three months and hadn’t had any promising interviews. Her background was ... ( read original story ...)
APP hires former Singapore army general as sustainability chief
Bernard Tan, who has led Singapore bank DBS’s Indonesian operations since 2009, joins as the annual haze season is due to hit. The Singapore skyline during the haze of 2015. A third of the fires that affected Singapore are believed to have been started ... ( read original story ...)
Pearl Bank Apartments makes 4th attempt at en-bloc sale
SINGAPORE: Pearl Bank Apartments, the iconic horseshoe-shaped building at Outram, is attempting a collective sale for the fourth time. An extraordinary general meeting was held on Saturday (Jul 8), during which Colliers International was appointed ... ( read original story ...)
Redas: Too soon to say property market has recovered
Despite signs of the property market picking up, Real Estate Developers’ Association of Singapore (Redas) President Augustine Tan believes that it is still too early to assume that the market has finally turned positive and recovery has kicked in ... ( read original story ...)
Bank lending up 6.8% year-on-year in May
SINGAPORE - Bank lending in May rose for the eighth straight month on the back of a more sanguine economic outlook as both business and consumer loans went up. Total bank loans rose to S$633.2 billion, up 6.8 per cent compared with S$592.8 billion in May ... ( read original story ...)
Singapore luxury home prices show recovery signs, developer says
Singapore’s luxury home prices, which have been the worst hit by the government’s property curbs in recent years, are finally showing signs of a recovery, according to developer Guocoland Ltd. High-end home sales in the city-state had been on an ... ( read original story ...)
Luxury home prices on the upswing
While it has taken a beating from the government’s property cooling measures in recent years, luxury home prices in Singapore are now showing signs of recovery, reported Bloomberg. In fact, luxury home sales had been on the upswing even before some of ... ( read original story ...)
Singapore Home Prices Extend Longest Losing Streak on Curbs
Singapore home prices fell in the quarter ended June, extending the drop in property values to a record 15th quarter as most measures to cool the market remain in place despite a slight easing in March. An index tracking private residential prices fell 0.3 ... ( read original story ...)
Singapore’s MAS Says Not Yet Time to Ease Property Curbs
(Bloomberg) -- Singapore’s central bank said it’s not yet time to ease property curbs and the adjustments made by the government in March don’t signal an unwinding of the measures. While the property market has stabilized, “it is, however, not time ... ( read original story ...)