Against a backdrop of an uncertain global macro environment, one constant continues to drive key Asian property markets: The Chinese buyer. Mainland China investors, and their growing appetite for overseas assets, have been a key theme for the property ... ( read original story ...)
Singapore's top lender DBS reports fall in Q4 net profit, increases allowances for bad loans
... of 2016 fell nearly 9 percent from the year-earlier period to S$913 million ($644 million), the bank said in an earnings release before the Singapore market opens. It set aside S$462 million ($326 million) in provisions for the quarter, up from S$247 ... ( read original story ...)
Ethical issues in the property sector
“The government is sending a clear signal that in the long haul, stringent entry requirements are needed to be a property agent. This will raise the image and professionalism of the industry,” noted Tan Tee Khoon, CEO of the Singapore Accredited Estate ... ( read original story ...)
Singapore Property Curbs Set to Stay in '17, CapitaLand CEO Says
Singapore’s residential property curbs are set to stay in place for at least another year amid signs the city’s housing market is stabilizing, the chief executive officer of Southeast Asia’s biggest developer said. “We see volume picking up and the ... ( read original story ...)
UPDATE 2-Singapore bank OCBC flags oil sector woes as Q4 profit hits 3-yr low
SINGAPORE, Feb 14 Oversea-Chinese Banking Corp , Singapore's second-biggest lender, flagged worries about a weak oil and gas sector after reporting an 18 percent drop in quarterly profit to a three-year low, mainly due to a jump in impairment charges. ( read original story ...)
Relearning retail
Last year was a challenging one for the Singapore retail market. The island-wide vacancy rate for retail space climbed to 8.4% in 3Q2016 — the highest level in more than five years since the time series commenced in 1Q2011. Meanwhile, for the whole of ... ( read original story ...)
Singapore firms among UEL’s shortlisted bidders
Final offers for the Singapore property group, which has a market capitalisation of $1.9 billion, are expected to be due by end-March, said sources who wanted to remain anonymous as the info is private. In January, UEL’s largest owners Oversea-Chinese ... ( read original story ...)
Redas calls for review to improve transparency in the property valuation process
The Real Estate Developers' Association of Singapore (Redas) has called for a review of property tax policies, among other suggestions for the upcoming Budget. Redas is also asking the Government to improve transparency in the property valuation process ... ( read original story ...)
Valentine’s Day: 3 Cool Districts For Hot Romance
This is an exotic date centered around the Arab Quarter in Singapore. Full of Middle Eastern charm, it is the perfect backdrop for a sensual encounter. Begin with a perfume-making workshop at Sifr Aromatics where you can create your own his and her ... ( read original story ...)
Review property tax, urges Redas
Redas has called on the government to review its property tax policies as part of its budget wish-list. The Real Estate Developers’ Association of Singapore (Redas) has called on the government to review the property tax for vacant private land ... ( read original story ...)
Leave property cooling measures for the HDB, not high-end market: Rhonda Wong, CEO, Ohmyhome
But as a platform for HDB sellers and buyers, landlords and tenants to transact directly with each other, it is one that has naturally not gone down well with the traditional middlemen – Singapore’s property agents. It touts itself as being able to ... ( read original story ...)
Singapore Property Investment: SRX MRT Rule For Investing www.dougleschan.com
Also, we highlight three areas to consider for property investment. These professional are already planning their moves to take advantage of the new MRT Line. Why? Because these professionals subscribe to the MRT Rule for Investing in Singapore Property. ( read original story ...)
All-in-one living
One of the main attractions of many developments in Singapore is a home’s proximity to amenities like bars, restaurants, supermarkets, dry cleaners and day-care for children. You have to be pretty far out from the centre of town not to have at least ... ( read original story ...)
Singapore bank allows clients to manage Swiss assets
Clients of Bank of Singapore can now book assets in Switzerland, thanks to an agreement the bank made with Bank Vontobel AG. The partnership will allow the Singapore-based bank’s customers to manage their assets booked in Zurich, making it one of the few ... ( read original story ...)
Overseas business can mitigate domestic headwinds
Singapore accounts for a sizeable chunk of CDLHT's portfolio, translating to 62 per cent of its FY16 net property income (NPI). This is down from 66 per cent in FY15, due to a UK property acquired in October that year. In the final quarter of 2016 ... ( read original story ...)
Bank of Singapore inks deal to let clients book assets in Switzerland
SINGAPORE - Bank of Singapore has upped the ante by giving private bank clients more options - its clients can now book assets in Switzerland via an agreement it inked with Swiss banking group Bank Vontobel AG. This agreement lets its Asian ultra-high and ... ( read original story ...)