Hongkong Land Holdings said it plans to open 10 retail developments in the next five years in seven cities across China, bringing the total number of commercial projects in the country to 17. Hongkong Land also said it will complete the $8 billion West Bund Financial Hub development in Shanghai in three phases through 2027, and start selling the high-end waterfront apartments later this year. The West Bund Orbit, a landmark public art centre, will also be launched by the end of 2023, it added.
* China's Yuan, Japanese yen only outlier * Thai baht leads gain * Malaysian ringgit retreats 0.8% this week * Turkey's lira hits record low By Roushni Nair June 9 (Reuters) - Asian currencies strengthened on Friday against a weak U.S. dollar, with Thailand's baht leading the charge, after a jump in U.S. weekly jobless claims fuelled expectations of a pause in the Federal Reserve's policy tightening cycle next week.
* Baht hits one-week high * Ringgit set to lose 0.8% this week * Lira hits record low, down as much as 1.8% * Asian equities trade mixed By Roushni Nair June 9 (Reuters) - Most Asian currencies strengthened on Friday, with Thailand's baht leading the charge, after a jump in U.S. weekly jobless claims hardened expectations of a pause in the Federal Reserve's policy tightening cycle when it meets next week. Poon Panichpibool, a markets strategist with Krung Thai Bank, foresees an end to interest rate increases by the Fed for the remainder of this year. "I think they will keep the policy rate at 5% to 5.25% for maybe most of the year, though, they (the Fed) might decide to cut in the late fourth quarter, if the U.S. economy enters a recession," he said.
Enbridge Inc's Woodfibre LNG partnership in British Columbia was on track to enter service in 2027, Cynthia Hansen, president of gas transmission and midstream at the Canadian energy company, said on Thursday. Hansen told Reuters at the Reuters Global Energy Transition conference that "Woodfibre LNG will be interesting this summer as they get to that milestone of finalizing our investment." The milestone will come when Woodfibre completes 60% of the engineering, which should allow major construction to start around September.
The May 2023 BTO Serangoon flats, Serangoon North Vista, were the most popular project of the exercise. We find out more about the 4 reasons why Singaporeans snatched up these flats in the recent HDB BTO exercise.
The neighbourhood at Serangoon Avenue 1 (Photo: Samuel Isaac Chua/EdgeProp Singapore) SINGAPORE (EDGEPROP) - On May 30, HDB launched 5,495 Built-to-Order (BTO) flats in five neighbourhoods - Bedok, Kallang, Serangoon, Tengah and Whampoa. The neighbourhood with the highest application rate was Serangoon, with more than nine applicants for each 4-room flat and over 13 applicants for the 5-room flats, says Lee Sze Teck, senior director of research for Huttons Asia. (Find HDB flats for rent or sale
Who said you cannot have the best of both worlds when you invest in these four blue-chip stocks? The post <strong>4 Singapore Blue-Chip Stocks Offering a Great Mix of Growth and Dividends</strong> appeared first on The Smart Investor.
SINGAPORE (EDGEPROP) - Waterfall Gardens topped the list of condos that achieved new psf-price highs during the week of May 19 to 23. This comes from the sale of a 1,830 sq ft, three-bedroom unit on the fifth floor for $3.98 million on May 19, which works out to $2,175 psf. The price beats the previous high of $2,150 psf registered in November 2022 when a four-bedroom penthouse measuring 4,037 sq ft fetched $8.68 million.The seller in the May 19 transaction had purchased the apartment in August
The property comprises approximately 250,000 square feet of showroom, office, service and delivery space. The property is leased to Tesla Motors through a triple net lease.SINGAPORE (EDGEPROP) - The Singapore-based investment firm, Prima Asset Management, has acquired a freehold commercial property in Bangkok, Thailand. In a press release announcing the move, Prime says that its VCC Investment Fund, managed by First Degree Global Asset Management, facilitated the acquisition of the real estate a
With 48 units sold via mortgagee sale, another seven units have been launched for sale by tender (Photo: PropNex Realty)SINGAPORE (EDGEPROP) - The mortgagee sale of 48 strata-titled, semi-detached houses at Eleven @ Holland saw all units snapped up when viewings began on June 3. The houses were developed by Clydesbuilt (Holland Link) and are part of a strata-titled development with 82 units at Holland Link, off Old Holland Road in prime District 10. The development was completed in 2014 and has
The price of the freehold, three-storey shophouse translates to about $5,843 psf on the floor area. (Picture: Savills)SINGAPORE (EDGEPROP) - A freehold shophouse at 22 Temple Street in Chinatown is on the market for $20 million. In a press release announcing the sale, marketing agent Savills Singapore says that the three-storey property sits on a 1,276 sq ft plot with a total floor area of 3,423 sq ft. The price translates to about $5,843 psf on the floor area.The shophouse is zoned ‘commercial’
The Berth by the Cove is a 99-year leasehold, 200-unit condo along Ocean Drive in Sentosa Cove. (Picture: Samuel Isaac Chua/The Edge Singapore)SINGAPORE (EDGEPROP) - A five-bedroom, duplex penthouse at The Berth by the Cove will be on the block at Singapore Realtors Inc’s (SRI) auction on June 22. An owner’s sale, the 3,315 sq ft unit has a guide price of $4.8 million, translating to $1,448 psf. Based on the property listing, the unit will be sold with an existing tenancy set to expire in Novemb
The development pipeline of Guoco Central Park comprises 22 mid-rise condo blocks housing more than 1,000 units.SINGAPORE (EDGEPROP) - GuocoLand has announced that the launch of Guoco Central Park, its latest development in Chongqing, China, saw strong sales of 97% of the 200 available units in this phase. This was the first phase of the sales launch of the project by the developer.The development comprises mid- and low-rise condominium blocks. The development pipeline has 22 mid-rise condo bloc
Japanese insurer Tokio Marine Holdings has picked Goldman Sachs and Jefferies to work on the sale of its Southeast Asia life insurance business worth $1 billion, two sources with knowledge of the transaction said. The Tokyo-listed company is preparing to launch a sale process within the next two months, according to one of the sources, declining to be identified as the matter is private. A sale could include Tokio Marine's life insurance businesses in Indonesia, Malaysia, Singapore and Thailand, said the other source.
Middle distillates stock levels at key trading hub Singapore rose to above 8 million barrels on lower overall net export volumes, with gasoil imports emerging from Qatar, official data showed on Thursday. Inventories of gasoil and jet fuel/kerosene were at 8.487 million barrels (1.139 million tonnes) in the week ended June 8, up from 7.829 million barrels a week ago, Enterprise Singapore data showed. Net export volumes for gasoil fell by 21% on week, while net export volumes for jet fuel/kerosene decreased by 84% on week.
* U.S. treasury yields rise after BoC rate hike * Fears loom that U.S. rates could stay higher for longer * Indian rupee flat after RBI holds rates By Riya Sharma June 8 (Reuters) - Most Asian currencies weakened on Thursday, with the dollar aided by rising U.S. yields on renewed fears that the Federal Reserve could maintain a hawkish stance when it meets next week, keeping rates higher for longer. U.S. Treasury yields jumped after the Bank of Canada (BoC) surprised markets on Wednesday by hiking its overnight rate, a move that came after the Reserve Bank of Australia (RBA) also raised interest rates earlier this week. The hawkish surprises from the BoC and the RBA fuelled expectations that the Fed might not be done raising rates despite the futures market pricing in a roughly 70% chance of a pause in June, OCBC Bank strategists said in a note.
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Increased demand for rental accommodation in the Lion City was not matched by corresponding increases in the supply of suitable accommodation, says ECA. (Picture: Samuel Isaac Chua/The Edge Singapore)SINGAPORE (EDGEPROP) - Singapore has moved up eight positions to become the fifth most expensive city in the world for expatriates. This was one of the findings of the latest cost of living research published by ECA International.“Singapore’s rise is notable. Increased demand for rental accommodatio
* US yields rise after BoC rate hike * Fears loom that US rates could stay higher for longer * Malaysia's ringgit leads Asian FX losses By Riya Sharma June 8 (Reuters) - Most Asian currencies weakened on Thursday, with the dollar underpinned by higher U.S. Treasury yields as fears resurfaced that the Federal Reserve could maintain a hawkish stance when it meets next week, keeping rates higher for longer. U.S. Treasury yields jumped after the Bank of Canada (BoC) surprised markets on Wednesday by hiking its overnight rate, a move that came after the Reserve Bank of Australia (RBA) also raised interest rates earlier this week. The hawkish surprises from the BoC and the RBA fuelled expectations that the Fed might not be done raising rates despite the futures market pricing in a roughly 70% chance of a pause in June, OCBC Bank strategists said in a note.
A contemporary and urban industrial style will anchor the hotel's design, and the property will feature a layering of colours, textures and hand-drawn graphic art.SINGAPORE (EDGEPROP) - Through an affiliate company, Hyatt Hotels has signed management-related agreements with LFG Property to manage a Caption by Hyatt Hotel in Sydney, Australia. The new hotel is expected to be completed in 2025 and marks the debut of this brand in the country.The 174-key hotel will be in Haymarket in the south of S
Having a steady stream of passive income sounds like a dream, because it effectively means you get to earn money for doing nothing. Unfortunately, many people who claim to be... The post How to Earn Passive Income in Singapore: HDB Rental, Dividends, And More appeared first on MoneySmart Blog.
EdgeProp CEO Bernard Tong (left) and PLB Realty CEO Melvin Lim. (Picture: Albert Chua/The Edge Singapore)SINGAPORE (EDGEPROP) - Property analytics platform and news portal EdgeProp Singapore, and boutique real estate agency PropertyLimBrothers Realty (PLB), have signed an MOU to deepen the synergies between the two companies.The two will start a technology-sharing agreement that will give PLB access to EdgeProp’s full suite of proprietary property analytics tools, which can be customised for the
TAITRA expands visibility in the ASEAN market for 15 participating Taiwan Excellence Award winning brands at ATxSG 2023SINGAPORE - ACN Newswire - 8 June 2023 - Taiwanese innovations were in the limelight at Asia Tech x Singapore (ATxSG) 2023, with over 30 award-winning products from 14 leading Taiwanese technology companies on display at the Taiwan Excellence Pavilion. Making its debut, Taiwan Excellence showcased cutting edge AI, Smart City, Industrial Internet of Things (IioT) and embedded sys
Appealing the Minimum Occupation Period or MOP of your flat? This writer tried for 2 years. Here are some tips for those who need to appeal their MOP. Do note that this article is not meant as a work around HDB MOP rules.
These REITs boast sustainable distribution yields that should make you take a second look. The post <strong>4 Singapore REITs That Pay a Sustainable Yield of 4.9% or More</strong> appeared first on The Smart Investor.