News

Chart of the Day: 1,983 HDB flats resold in May

This is an 8.1% increase from the previous month.

SPH-Kajima JV emerges as top bidder for Upper Serangoon Road site

Their subsidiaries bid $1.13b for the mixed development site.

Mid-tier residential segment lead rebound in resale prices

CCR and RCR prices rose 1.1%. Residential resale prices managed to rebound in May, strongly led by the high-end and mid-tier segments, as resale prices in the core central region (CCR) and rest of central region (RCR) rose 1.1% MoM, while mass market resale prices (outside central region or OCR) dipped 0.4% MoM. According to OCBC Investment Research, transaction volumes similarly improved in May with 1,235 non-landed private homes sold – up 17.4% MoM over April 2017 and by a whopping 57.7% YoY over May 2016. "Through our channel checks, buyer sentiments have clearly improved after the latest tweaks to the property curbs in March 2017 where some measures relating to the SSD and the TDSR were relaxed," it said. It furthered, "We believe these changes were, on a net basis, supportive of the physical market and continue to forecast for general home prices to reach an inflection point by 2018."  

Why investors may find Singapore's specialist clinic chains risky

As it turns out, asset-light-model is still a new concept.

Singapore's economic growth forecast raised to 2.5%

It will be led by the surge in manufacturing growth.

HDB rents tick up by 0.7% in May

Around 1,873 HDB flats were rented.

Singapore's offshore assets to rise 8% until 2021

It is keeping up with Switzerland in attracting foreign wealth.

Condo rents down 0.8% in May

But rental volumes went up 12.5%.

Daily Markets Briefing: STI up 0.28%

Expect more cheers in the local market today.

Retail sales inched up by 2.6% in April

Thanks to the boost in watches and jewellery sales.