New private homes to cost up to S$2,900 psf on average by 2030: DBS report - TODAYonline. Copyright 2019 © Mediacorp Pte Ltd.
All rights reserved. SINGAPORE — Projecting the population here to hit 6.3 million to 6.5 million by 2030, a research report released by DBS on Wednesday (May 16) forecasts new private homes to cost between S$2,300 and S$2,900 per square foot (psf) on average by then – sharply higher than the current S$1,500 psf. This means a compound annual growth rate of 1.5 per cent to 3.2 per cent over the next 12 years as growth in homeowners' incomes "keep pace" with the rise in private-property prices. The projection means an average unit of private property will cost from S$1.9 million to S$2.5 million by 2030. The report, by property analysts Derek Tan and Rachel Tan, also projected the average size of new private units to shrink to 840 sq ft by 2030, 20 per cent smaller than the 1,083 sq ft average last year.
Singapore No Place for Speculators as Home Stability Goals Met - Bloomberg. Almost a year after intervening to stem soaring property prices, Singapore has done what it set out to do and stabilized the property cycle, Minister for National Development Lawrence Wong said.
“The property market last year, before the cooling measures were put in place, we saw prices rising very sharply,” Wong said in an interview with Bloomberg Television on Thursday. Can property prices in Singapore really rise 10 per cent by 2019? - 99.co. Morgan Stanley recently put out another report, claiming property prices in Singapore can rise 10 per cent by 2019.
In fact, they are predicting that housing prices can double by 2030 or, in a bear scenario, 2034. But how true is all this, given the recent cooling measures? What’s the big prediction? The Morgan Stanley report that we have on hand predicts home prices rising by 10% by the end of 2019: “Despite the latest round of cooling measures and an environment of rising interest rates, we think home prices can continue to rise another 10% by end 2019. Singapore private home prices unexpectedly rise to 5-year high in Q2. SINGAPORE: Private home prices in Singapore bounced to a five-year high in the second quarter after slipping in the prior two quarters in the face of property curbs, underlining the resilience of the country's real estate sector widely seen as a safe haven.
The private residential property index increased 1.3 per cent to 150.5 points in the second quarter, from 148.6 points in the first quarter, according to flash estimates from the Urban Redevelopment Authority (URA). The index was at its highest since the first quarter of 2014. Private home prices had fallen 0.7 per cent in the first quarter, a second consecutive fall, following a 0.1 per cent decrease in the October to December period. READ: HDB Q2 resale prices fall slightly, continue decline Prices for non-landed private homes saw increases across all regions.
Why residential property prices won’t be coming down despite cooling measures. SINGAPORE: Prior to the latest cooling measures introduced in July 2018, the last time similar regulations were rolled out to moderate the residential private property market was in 2013 with the introduction of the Total Debt Servicing Ratio (TDSR).
The TDSR sought to encourage financial prudence among borrowers and strengthen credit underwriting practices by financial institutions, by limiting monthly mortgage payments to no more than 60 per cent of one’s income, and consequently curtail the amount one can borrow to purchase a property. Subsequently, the total sales of residential non-landed properties fell by more than 44 per cent and the private property price index dipped by 3.5 per cent in 2014. Job seekers expected to cross over to island republic - Metro News.
JOHOR BARU: Many Malaysians job seekers are expected to cross over to Singapore as the republic has plans to create up to 10,000 jobs in the technology sector within the next three years.
It was reported that Digital Industry Singapore (DISG) will spearhead the move to establish the city state as a global hub for the industry with openings for positions in engineering, software development and finance. Johor South SME adviser Teh Kee Sin said Singapore’s plans would definitely attract Malaysians, especially Johoreans. “We cannot do much to stop the brain drain in today’s borderless world,’’ he said.
Teh said the global job landscapes have shifted from traditional jobs to data analysts, scientists, artificial intelligence (AI), machine learning analysts and software application developers. Singaporeans 6th most vacation-deprived globally, will take pay cut for holiday: poll, Government & Economy. Thu, Jul 25, 2019 - 11:07 AM NEARLY two-thirds of full-time workers in Singapore felt "vacation-deprived" last year, with about four in 10 saying they could not get enough time off work to use up their annual leave.
Some 77 per cent said they would take a pay cut to get an extra day off. These were the findings of travel agency Expedia’s latest vacation deprivation survey released on Thursday. The firm polled more than 11,000 full-time working adults across 19 markets globally, including 300 respondents in Singapore. SubmitSearch. Singapore sees drop in common security threats, but foresees more data breaches. Are you a robot? Yahoo is now a part of Oath. By Douglas Busvine and John Geddie FRANKFURT/SINGAPORE (Reuters) - Singapore police raided the premises of German payments company Wirecard in the city state on Friday following a series of investigative reports in the Financial Times alleging fraud and creative accounting.
The raid intensified pressure on Munich-based Wirecard, a constituent of Germany's blue-chip DAX index that has shed $10 billion in value since the FT ran the first of a series of three investigative reports at the end of January. Singapore’s Credit Culture raises $29.5M for its soon-to-launch digital loan business. Singapore’s digital fintech companies are attracting investor attention and dollars in 2019.
Fresh from Singapore Life — a digital-only insurer — raising $33 million across two recently closed rounds, so Credit Culture, a digital loan specialist — has banked SG$40 million ($29.5 million) ahead of its imminent launch. Credit Culture has raised its capital from Malaysia’s RCE Capital Berhad in a deal that allows the investor to potentially take a stake of up 30 percent in the startup. Its investment is via five-year bonds that are secured with the loan receivables from Credit Culture and include granted call options for taking that stake — in other words: this isn’t your regular startup deal.
RCE Capital Berhad said in a filing that Credit Culture has already raised SG$4 million ($2.9 million) via a seed investment, and it appears that it is financially set ahead of its launch. Owners of five-room or larger HDB flats now qualify for Lease Buyback Scheme. SINGAPORE — When his daughter got married and moved out of his five-room flat in 2016, Mr Tang Lum Sui wanted to tap the Lease Buyback Scheme but was turned down, as his house was too big.
He does not want to rent out any of the rooms in the house, in which he lives alone, because he treasures his privacy. He does not want to move to a smaller flat either, because he loves his neighbours. The new year, however, has brought a solution to his problem. From Tuesday (Jan 1), the 68-year-old security officer will be able to qualify for the Lease Buyback Scheme, as the Housing & Development Board (HDB) has expanded it to include five-room and bigger flats. The scheme, which was introduced in 2009, allows senior citizens to sell part of their flat’s remaining lease back to the government. Previously, it was only for those living in four-room or smaller flats. Brexiteers – have you even been to Singapore? Soaring above Singapore’s central business district, the seven towers of The Pinnacle@Duxton have a distinctive silhouette.
The blocks are linked at the 26th and 50th storeys by bridges, each of which is home to half a kilometre of garden. In many other countries, iconic residential housing in the heart of the city would be reserved for the super-rich. Nst.com. Behind crazy rich Singapore’s mask, a growing class divide - ASEAN Plus. IN the background, a luxury goods shop, a stooped elderly cleaner sweeping its storefront; on one side of the bridge sits expensive condominiums, bars and restaurants, on the other, rental flats housing Singapore’s poorest.
These scenes unfolded in a documentary titled Regardless of Class by Channel News Asia released on Oct 1, with a security guard revealing he felt as though he was not treated like a person. A cleaner said: “I know I’m invisible. I have to get used to this, and learn to stop caring.” Poverty and inequality in the city state – the setting of the hit movie Crazy Rich Asians and where the per capita income is among the highest in the world, hitting US$55,000 (RM228,494) last year – has always existed. Singapore's Public Housing, Envy of World, Hits Rough Patch. Photographer: Sanjit Das/Bloomberg Singapore’s long romance with public housing is going through a rocky patch, threatening to undermine one of the most popular government policies. For decades, the no-frills, affordable apartments have been integral to the city-state’s way of life, helping young couples achieve their dreams of home ownership and housing the bulk of the population -- while providing a stepping stone for getting on the private-property ladder.
But now, with about 80 percent of Singaporeans invested in Housing and Development Board dwellings, these properties are losing value, widening the price discount to private condos. Singapore companies on global acquisition spree - Business News. SINGAPORE: Singapore Inc. is stirring, with companies from real estate to engineering becoming bolder in their hunt for acquisitions abroad. Companies in the city-state announced around $91 billion of overseas deals this year through September, more than double the $41.9 billion of transactions for the same period of 2017, data compiled by Bloomberg show.
Temasek Holdings Pte and GIC Pte still loom large, but increasingly others are inking their biggest-ever transactions to put Singapore on the world stage. The flurry of activity shows a new determination by firms to adopt a more aggressive stance amid an escalating trade war between China -- one of Singapore’s closest neighbors -- and the U.S. An economy that’s forecast to expand next year at the slowest pace since 2016 is also putting pressure on companies to look further afield for growth. CapitaLand, Singapore Press.
Details?id=com.designdew.newspaper. Read all Singapore Newspapers Job Magazine News in one app. List of all Singapore Newspapers: Channel NewsAsiaTabla! The Independent SingaporePravasi ExpressA bilingual Malayalam, English newspaper published in SingaporeLianhe WanbaoSTOMPStraits Times (ST)New PaperTODAYBusiness TimesGoogle News SingaporeYahoo News SingaporeMSN Singapore newsAsiaOneAsian Correspondent : SingaporeLianhe Zaobao (Chinese: 南洋·星洲联合早报)zbCOMMA (Chinese: 早报逗号)My Paper (Chinese: 我报)Berita HarianShin Min Daily News (Chinese: 新明日报)Tamil Murasu (Tamil: தமிழ் முரசு)Omy NewsTr EmeritusWeekender Singapore Job site list:singapore.recruit.netsingapore.job-q.comwww.monster.com.sgjobs.singaporeexpats.comwww.singaporeparttimejobs.comwww.careers.gov.sgwww.efinancialcareers.sg (click)jobs.st701.comwww.jobscentral.com.sgwww.jobsdb.com.sgsg.jobstreet.com Also international newspapers.
Wheelock Properties parent offers S$2.10 per share to take developer private, Companies & Markets - THE BUSINESS TIMES. Yahoo is now a part of Oath. KUALA LUMPUR: Datuk Seri Najib Razak has maintained that there is no hidden costs in the postponed Kuala Lumpur-Singapore High-Speed Rail (HSR) project as it has been put up for an international open tender, with the successful bidder to be jointly-vetted by both Malaysia and Singapore. In criticising Economic Affairs Minister Datuk Seri Azmin Ali’s claims that there were “hidden costs” in the HSR project which amounted to an overall cost of RM110 billion, Najib Razak, who is former prime minister, questioned whether the allegation had also indicated that Singapore was complicit in the matter. Terms of Service Violation.
New peak in Singapore private home prices expected by the end of 2018, Real Estate - THE BUSINESS TIMES. Tue, Jul 03, 2018 - 5:50 AM Singapore IT TOOK 15 quarters of market corrections to bring private residential prices down by 11.6 per cent in the second quarter of 2017, but it may take only five to six quarters of market recovery to bring prices back up if the current momentum holds. Analysts are expecting a new peak in private home prices by the end of this year as developers roll out new launches on land they have acquired at significantly higher prices. Flash estimates from the Urban Redevelopment Authority (URA) on Monday showed that private home prices rose for the fourth straight quarter, up 3.4 per cent in the second quarter after a 3.9 per cent increase in the first quarter.
This left the URA's overall private residential price index at just 3.6 per cent below its last peak of Q3 2013 and 9.1 per cent above the last trough of Q2 2017; the price index for non-landed private homes in the second quarter this year is 1.7 per cent below the Q3 2013 peak based on the flash estimate. Mentors important to growing any business. The importance of mentors for business growth was highlighted this week at the second Inspiring Rare Birds networking event in Wollongong. Singapore Regulator Offers Grants to Spur Local Bond Ratings - Bloomberg. The Monetary Authority of Singapore will start offering grants to offset costs incurred by issuers seeking credit ratings for Singapore dollar-denominated bonds, according to a central bank statement Friday.
$150 million boost for artificial intelligence in next five years, Latest Singapore News - The New Paper. Hospitals may be understaffed but imagine still having your own health assistant who can monitor and provide medical advice. Four banks say farewell to forms for new accounts with MyInfo, Latest Singapore News - The New Paper. Say goodbye to the hassle of repeatedly filling out forms and submitting physical documents when opening a bank account. Now, Singaporeans looking to open a bank account with United Overseas Bank (UOB), DBS Bank, OCBC Bank or Standard Chartered Bank can allow their MyInfo account to automatically collate and fill out data for them.
Interns in Singapore can get up to $5k monthly, data shows, Singapore News. Interns working at foreign investment banks in Singapore and sovereign wealth fund GIC can receive between $3,000 and $5,000 monthly, according to data compiled by jobs site Glassdoor. The highest-paying companies - according to a handful of reports from each institution - are foreign investment corporations Barclays, Macquarie Group and Goldman Sachs. Singapore Air may land unfamiliar net-debt spot as soon as 2018, Companies & Markets.