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Singapore bank earnings boosted by higher rates but global slowdown, high inflation cloud outlook

Updated from : The Straits Times, 5 Aug 2022 SINGAPORE – DBS Group Holdings joined peers OCBC Bank and UOB in reporting earnings that were boosted by rising interest rates, while also cautioning that risks such as a global economic slowdown lie ahead. Singapore’s largest lender posted on Thursday (Aug 4) a 7 per cent increase in second-quarter … Continue reading Singapore bank earnings boosted by higher rates but global slowdown, high inflation cloud outlook

HDB resale prices rise 2.8% in Q2, transactions fall amid rising interest rates

Updated from : The Straits Times, 22 July 2022 SINGAPORE – Prices in the Housing Board (HDB) resale market have continued to climb, logging gains for the ninth consecutive quarter even as sales momentum slipped. Resale prices rose at a quicker pace of 2.8 per cent in the second quarter of this year, compared with … Continue reading HDB resale prices rise 2.8% in Q2, transactions fall amid rising interest rates

Private home prices up 3.5% in Q2 as market rebounds on record launch prices, increased volume

Updated from : The Business Times, 22 July 2022 PRICES of private residential properties rose 3.5 per cent in the second quarter from the previous quarter, by more than the 3.2 per cent flash estimate released earlier this month, as well as the 0.7 per cent increase chalked up in Q1. Analysts said that the … Continue reading Private home prices up 3.5% in Q2 as market rebounds on record launch prices, increased volume

Reclamation of about 900ha of land off Changi expected to start by year end

Updated from : The Straits Times, 22 July 2022 SINGAPORE – Reclamation works for about 900ha of land off Changi Bay are expected to start by the end of this year, The Straits Times has learnt. The specific use of the land, which is more than 10 times the size of the Botanic Gardens, is … Continue reading Reclamation of about 900ha of land off Changi expected to start by year end

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