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Tag: property

Posted on 03/03/2023

Property market risks remain, careful approach needed to manage supply and demand: Desmond Lee

There are still risks to prices in the property market, even with cooling measures and subsidies, said Minister for National Development Desmond Lee. As such, there is a need to maintain a cautious ... ( read original story ...)

Posted on 03/03/2023

Interest Rates Are Expected to Increase Further In 2023: How This Affects Your Mortgage in Singapore

Singapore’s mortgage interest rates tend to be closely linked to global interest rates. When the pandemic began in March 2020, the US Federal Reserve slashed interest rates, in turn, lowering ... ( read original story ...)

Posted on 03/03/2023

Singapore wealth firm sees rapid growth catering to the rich

This highlights the city-state’s rise as a hub for wealthy clans. The firm was founded in October by former Bank of Singapore market head for Global South Asia and the Middle East Hemant Tucker, ... ( read original story ...)

Posted on 02/03/2023

1MDB trial: Ex-bank officer admits to around US$6mil in ‘secret profits’

A former bank officer with Singapore's BSI Bank told the High Court that he made close to US$6mil (RM27mil) in "secret profits" for carrying out transactions for 1Malaysia Development Bhd (1MDB) and ... ( read original story ...)

Posted on 02/03/2023

Singapore’s online portal PropertyGuru remains in the red even as fourth quarter revenue jumped

PropertyGuru stays in the red for the fourth quarter of 2022, after slipping from a net profit position in the second quarter. ( read original story ...)

Posted on 02/03/2023

Singapore ranks 6th for luxury home sales in 2022: Knight Frank

Knight Frank expects a 4 per cent increase in prime residential prices in Singapore. Read more at straitstimes.com. ( read original story ...)

Posted on 02/03/2023

Singapore is 6th top market for super and ultra-prime properties

Singapore ranked 6th amongst the top markets for prime, super-prime and ultra-prime properties globally, according to a report by Knight Frank. The Lion City, alongside Hong Kong, were the only two ... ( read original story ...)

Posted on 02/03/2023

3 years’ jail for ex-property agent who made off with client’s money and caused over $1m loss

SINGAPORE - A property agent, engaged to help in the purchase of a condominium unit, misappropriated nearly $600,000 of her client’s money meant for parties including the property developer. This led ... ( read original story ...)

Posted on 02/03/2023

Singapore wealth firm Farro Capital sees rapid growth catering to rich families

The firm was founded in October by former Bank of Singapore market head for Global South Asia and the Middle East Hemant Tucker, Maitri Asset Management’s ex-chief executive officer Manish Tibrewal ... ( read original story ...)

Posted on 01/03/2023

Man involved in scams where over $5 million was lost allegedly paid others to give up bank accounts

SINGAPORE - A 20-year-old man, suspected to be involved in procuring bank accounts for criminal activities, allegedly paid others to get them to give up their accounts. Read more at straitstimes.com. ( read original story ...)

Posted on 28/02/2023

Maybank Singapore’s profit before tax doubles to S$655.92m in 2022

This was reportedly thanks to higher income and lower loan loss allowances. Maybank Singapore’s full year profit before tax doubled to S$655.92m in 2022, according to the bank’s latest financial ... ( read original story ...)

Posted on 28/02/2023

Home-staging trend to speed up property sales

SINGAPORE: A property listing is no longer limited to just welcoming prospective buyers to view a home in its current state online or in person. ( read original story ...)

Posted on 27/02/2023

Beyond 2022: How Singapore’s development will affect the property market (Jurong East and Tengah)

The West has a reputation for being pretty remote by Singapore standards. Being the manufacturing hub of the country, it was a low priority for residential development (or any other kind of ... ( read original story ...)

Posted on 27/02/2023

Agent tries to sell ‘cheapest’ private residential land in Singapore – that you can’t actually build a house on

Realtor Lynn Tiang introduced “probably the cheapest land you can get in Singapore” in a video posted to the Property Giant TikTok channel recently. ( read original story ...)

Posted on 25/02/2023

Changing land pricing to cut cost of HDB flats risks destabilising entire property market: DPM Wong

Changing the way that land is priced to lower the cost of Housing Board flats will risk destabilising the entire property market, said Deputy Prime Minister Lawrence Wong. He cautioned against ... ( read original story ...)

Posted on 23/02/2023

Return of China property buyers in bigger numbers unlikely to impact prices in Singapore: Analysts

As China moves to a post-pandemic approach to COVID-19, analysts expect more of its nationals to explore investing in the Singapore property market. ( read original story ...)

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