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Singapore Minister for Law Shanmugam Kasiviswanathan

Singapore Tightens Rules on Foreign Property Ownership in Latest Market Restriction

Singapore Minister for Law Shanmugam Kasiviswanathan

2023/07/21 by Beatrice Laforga Leave a Comment

Singapore now requires foreigners to seek government approval when investing in mixed commercial and residential property, as authorities put up a new firewall attempting to insulate the local market from foreign speculators.

The Ministry of Law and the Singapore Land… Read More>>

Singapore now requires foreigners to seek government approval when investing in mixed commercial and residential … Read more>>>

ParkRoyal on Kitchener

APAC Hotel Deal Volume Down 51% in First Half on Economic Woes, Costlier Financing

ParkRoyal on Kitchener

2023/07/20 by Christopher Caillavet Leave a Comment

Hotel investment volume in Asia Pacific tumbled 51 percent year-on-year to $3.13 billion in the first half of 2023 as macroeconomic challenges and the rising cost of debt stubbed out dealmaking in the hospitality segment, according to JLL.

Japan bucked… Read More>>

Hotel investment volume in Asia Pacific tumbled 51 percent year-on-year to $3.13 billion in the first half of 2023 as … Read more>>>

Lavender-Residence

Singapore Home Sales Drop 73% in June on Dearth of New Projects

Lavender-Residence

2023/07/19 by Beatrice Laforga Leave a Comment

After climbing for five consecutive months, Singapore new private home sales plunged to 278 units last month as a dearth of major condo launches dragged deals to their lowest level since December 2022.

Developer sales, excluding executive condominiums, dropped by… Read More>>

After climbing for five consecutive months, Singapore new private home sales plunged to 278 units last month as a dearth … Read more>>>

320x320 Tech Survey

Tech Survey Gauges AI-Readiness in Asia’s Real Estate Industry

320x320 Tech Survey

2023/07/18 by Michael Cole Leave a Comment

ChatGPT launched in November last year and by January the AI-powered software had become the fastest-growing consumer software application in history, according to figures from UBS, with the rapid adoption of the program raising fresh interest in applying artificial intelligence… Read More>>

ChatGPT launched in November last year and by January the AI-powered software had become the fastest-growing consumer … Read more>>>

West-9-Zone-Kids

Retail a Bright Spot as Economic Slowdown Grips Hong Kong Property in First Half

West-9-Zone-Kids

2023/07/13 by Christopher Caillavet Leave a Comment

Rising interest rates and a waning economic recovery in China weighed on Hong Kong’s residential, investment and land markets in the first half of the year, but the retail sector picked up notably after the February border reopening, according to… Read More>>

Rising interest rates and a waning economic recovery in China weighed on Hong Kong’s residential, investment and land … Read more>>>

Paul-Chan-Budget-Speech

Hong Kong Eases Down-Payment Rules to Rouse Sleepy Housing Market

Paul-Chan-Budget-Speech

2023/07/10 by Christopher Caillavet Leave a Comment

Hong Kong’s central bank late Friday eased down-payment requirements for some home purchases, aiming to reboot the weak housing market after a prior relaxation of stress-testing rules failed to foster a sustained turnaround.

For residential properties for self-occupation, the new… Read More>>

Hong Kong’s central bank late Friday eased down-payment requirements for some home purchases, aiming to reboot the weak … Read more>>>

Three Garden Road Champion REIT

Hong Kong Office Market Continues to Contract in Q2 as Reopening Disappoints

Three Garden Road Champion REIT

2023/07/09 by Christopher Caillavet Leave a Comment

Occupiers in Hong Kong’s Grade A office market gave back 172,700 square feet (16,044 square metres) more than they took up in the second quarter of 2023, mainly due to downsizing by multinational companies in Tsim Sha Tsui and Central,… Read More>>

Occupiers in Hong Kong’s Grade A office market gave back 172,700 square feet (16,044 square metres) more than they took … Read more>>>

The Monetary Authority of Singapore (Getty Images)

Singapore Expanding Family Office Incentives to Keep Cash Local, Go Green

The Monetary Authority of Singapore (Getty Images)

2023/07/05 by Christopher Caillavet Leave a Comment

The Monetary Authority of Singapore on Wednesday expanded the island financial hub’s outreach to wealthy private investors by introducing new tax policies to nudge single family offices towards sustainability-focused projects and philanthropic works.

In remarks at a briefing on MAS’s… Read More>>

The Monetary Authority of Singapore on Wednesday expanded the island financial hub's outreach to wealthy private … Read more>>>

The Reserve Residences

Singapore Private Home Prices Fall for First Time in More Than Three Years

The Reserve Residences

2023/07/03 by Christopher Caillavet Leave a Comment

Singapore’s price index for private residential properties fell 0.4 percent in the April-June quarter compared with the first three months of the year, marking the first decline since the first quarter of 2020, according to the Urban Redevelopment Authority’s flash… Read More>>

Singapore’s price index for private residential properties fell 0.4 percent in the April-June quarter compared with the … Read more>>>

IOI Central Boulevard Towers

Singapore Office Rents Flatten in Q2 as New Projects Enter the Market

IOI Central Boulevard Towers

2023/07/03 by Christopher Caillavet Leave a Comment

Grade A office rent growth in Singapore’s central business district slowed for a third straight quarter and nearly ground to a halt in the April-to-June period of 2023, according to JLL.

Gross effective monthly rent for CBD Grade A office… Read More>>

Grade A office rent growth in Singapore's central business district slowed for a third straight quarter and nearly … Read more>>>

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