Singapore set for strong rebound in 2021: Report

Shoppers at Jem mall in Jurong East in June after the Covid-19 circuit breaker ended. While the Singapore economy is expected to bounce back starting in the second half of this year, service sectors will likely continue suffering until a virus vaccine is widely available to allow the lifting of curbs on international travel, says … Continue reading Singapore set for strong rebound in 2021: Report

HDB resale volume in July highest in two years; prices also up

Updated from : The Straits Times, 7 August 2020 The number of resale transactions of Housing Board (HDB) flats last month hit the highest in two years, even as prices crept up, according to flash data released by real estate portal SRX Property yesterday. An estimated 2,470 HDB resale flats were sold last month, a 0.7 … Continue reading HDB resale volume in July highest in two years; prices also up

Borrowers in jobs at risk face tighter processing for new home loans

Home buyers are reportedly facing tighter credit assessment when they apply for mortgages - especially if they work in sectors that have been severely affected by Covid-19.  ST PHOTO: CHONG JUN LIANG Updated from : The Business Times, 6 August 2020 HOME buyers are reportedly facing tighter credit assessment when they apply for mortgages - especially … Continue reading Borrowers in jobs at risk face tighter processing for new home loans

Changes to Indonesia’s foreign ownership of property could give it US$10b annual boost

Updated from : The Business Times, 4 August 2020 IT HAS been 15 years in the making, but the wait may well be worth it: the Indonesian government has finally tabled a draft law that will enable foreign investors to purchase and own property in the country with fewer restrictions. These regulations are included in the … Continue reading Changes to Indonesia’s foreign ownership of property could give it US$10b annual boost

S’pore factory activity expands in July after 5 months of contraction

Updated from : The Straits Times, 4 Aug 2020 Manufacturing activity in Singapore made a surprise jump into expansion territory last month after five straight months of contraction amid the coronavirus-induced slump. However, the outlook for the rest of the year remains uncertain amid a resurgence in infections in several major economies, prompting a reimposition … Continue reading S’pore factory activity expands in July after 5 months of contraction

Covid fears are pushing the world’s mega rich to set up in Singapore

Updated from : The Edge, 29 July 2020 The world’s rich, reminded of their own mortality, are setting up family offices in greater numbers and plumping for Singapore as a base, according to Monetary Authority of Singapore Deputy Director Spencer Hsu. “It appears the pandemic has actually served as a reminder of individual mortality and prompted … Continue reading Covid fears are pushing the world’s mega rich to set up in Singapore

Mortgagee sales not likely to spike up in 2020 despite recession

The total number of mortgagee listings for the first half of this year dropped to 177, from 305 in the same period last year, according to Knight Frank Research. While the number of listings from now till the year's end may increase, analysts say it will likely not exceed last year's 13-year high of 657.ST … Continue reading Mortgagee sales not likely to spike up in 2020 despite recession

Industrial space prices, rents fall in Q2, will see downward pressure: JTC

Occupancy rates for multiple-user factories and business park space fell.PHOTO: ST FILE Updated from : The Straits Times, 24 July 2020 Prices and rentals of industrial space fell year on year in the second quarter and will continue to see downward pressure in the coming quarters due to the pandemic, said industrial land and infrastructure agency … Continue reading Industrial space prices, rents fall in Q2, will see downward pressure: JTC

PIL Building put on the market with S$350m guide price; EOI draws strong interest

Located at 140 Cecil Street, PIL Building was completed nearly four decades ago and substantially revamped in 2011.  PHOTO: GOOGLE MAPS Upated from : The Business Times, 21 July 2020 PIL Building in Cecil Street - ultimately fully owned by the same entity that controls struggling Pacific International Lines (PIL) - has been quietly put on … Continue reading PIL Building put on the market with S$350m guide price; EOI draws strong interest