And here’s how the cooling measures can affect property owners.
From Bloomberg: Singapore gained one spot from last year and came in at number 25 on a global ranking of 231 cities by consulting firm Mercer, a unit of Marsh & McLennan Companies. In Asia, Tokyo was at 47 and Hong Kong at 71, with both declining slightly in the index. Singapore was top of the list on quality of city infrastructure, which includes the supply of electricity, drinking water, and phone services. Mercer also assesses public transportation, traffic congestion, and the availability of international flights in this category.
From Motley Fool: Sembcorp Marine reported a revenue decline of over 28% in 2016. Unfortunately, there are signs that Sembcorp Marine’s problems may drag on. Ongoing issues with its customers, such as the bankrupted Sete Brasil, may continue to be a thorn in Sembcorp Marine’s side. Brazilian company Sete Brasil, one of Sembcorp Marine’s major customers, filed for bankruptcy in early 2016.
From Get.com: Over the past weekend, the various tweaks to some of the property cooling measures in Singapore flooded the news. Will these tweaks work to your advantage as a homeowner, home seller, or home buyer? For those of you who have been facing restrictions stemming from the Total Debt Servicing Ratio (TDSR) framework when it comes to monetising your residential properties, take heart that you may now be able to use your home as collateral when borrowing money.
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