News

CDL aims to conserve as it constructs

10 June 2020
Property giant City Developments (CDL) said keeping sustainability at the forefront remains a cornerstone of its business, especially given the unusual circumstances sparked by
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101 Beach Road up for en bloc sale with $90 million reserve price

10 June 2020
The site at 101 Beach Road has come up for collective sale at a reserve price of $90 million, real estate services firm Cushman
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Condo resale prices hold steady in May

10 June 2020
Resale prices for non-landed private homes held steady last month despite sales volume continuing to fall during the second month of the circuit breaker
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Singapore business sentiment picks up from Q2 low

10 June 2020
Business sentiment among companies in Singapore on what their positions will be in the third quarter of this year improved slightly from their record-low
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CapitaLand to further waive rent for SMEs, expects earnings to be hit

10 June 2020
Property giant CapitaLand said it will further waive and potentially defer rent for certain small and medium-sized enterprise (SME) tenants, although this will have
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Singapore ranks 4th-safest place amid Covid-19 pandemic: Study

10 June 2020
Singapore ranked fourth, just ahead of Japan, out of 200 nations and territories in a survey that took in 11,400 data points in categories
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Construction sector faces tough transition, but help will be at hand

10 June 2020
The construction sector will need to institute new safeguards at worksites and continue its push for automation and productivity to reduce its reliance on
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With tax revenues down, S’pore aims to rebuild fiscal position by strengthening economy

9 June 2020
Singapore’s tax revenues have fallen owing to the Covid-19 pandemic, and to rebuild its fiscal position, the Government will look to strengthen the economy
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MAS refutes reports of large inflows of deposits from Hong Kong

8 June 2020
The strong growth in foreign currency deposits in Singapore this year has come from a variety of sources – domestic, regional and beyond the
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Residential

Condo resale prices hold steady in May

10 June 2020
Resale prices for non-landed private homes held steady last month despite sales volume continuing to fall during the second month of the circuit breaker
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Construction sector faces tough transition, but help will be at hand

10 June 2020
The construction sector will need to institute new safeguards at worksites and continue its push for automation and productivity to reduce its reliance on
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Hong Kong property market proves resilient even as crises mount

8 June 2020
Home prices have risen 1.2% this year, and are at their highest since November 2019. Dozens of would-be buyers lined up in the rain
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More seem keen on mortgage refinancing as interest rates fall

6 June 2020
More home owners may be considering refinancing their mortgages, as banks’ interest rates for floating home loans are at their lowest in recent years.
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Dorm operators expect changes to push up costs by at least 50%

5 June 2020
New standards for migrant worker dormitories will enhance workers’ well-being, said dormitory operators here, but will come at a cost increase of at least
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HDB resale volume dips to 30-year low but prices edge up

4 June 2020
Housing Board flat resale volumes tumbled still further last month, following the already record low number of flats resold in April, and dropping to levels
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Commerical

Watchdog studying retail lease market amid complaints

13 May 2020
The Competition and Consumer Commission of Singapore (CCCS) is looking into the private retail lease market, amid a chorus of complaints by mall tenants
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Temporary relief measures for property developers, home-buyers of projects disrupted by Covid-19

7 May 2020
The project completion period (PCP) for eligible residential, commercial and industrial developments will be extended by six months with immediate effect.
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Alibaba acquires 50 per cent stake in Singapore’s AXA Tower, home to its Lazada e-commerce unit

6 May 2020
Alibaba acquires 50 per cent stake in Singapore’s AXA Tower
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CapitaLand’s Q1 lodging business fee income falls 9%

5 May 2020
CapitaLand said the full extent of the impact on revPAU is not ascertainable yet, but the group remains positive on the sector’s longer-term prospects.
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UOL extends rental rebates for retail tenants to July

5 May 2020
Retail tenants of UOL Group and its subsidiary United Industrial Corporation will receive rental rebates from May till July on top of rental waivers
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SMEs have applied for $1.9b in loans since early March

5 May 2020
The value of these loans, taken out under Enterprise Singapore’s (ESG) financing schemes, is about six times the credit extended over the same period
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Industrial