SG#04 West Singapore Property Market Updates (November 2019 Edition)

 

Singapore West Side Property Market Updates
(November 2019 Edition) ........

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RESALE TRANSACTION IN THE WEST

District 5 - Buona Vista / West Coast / Clementi (18 Sales)
District 21 - Clementi Park / Upper Bukit Timah (15 Sales)
District 22 - Boon Lay / Jurong / Tuas (11 Sales)
District 23 - Bukit Batok / Bukit Panjang / Choa Chu Kang (20 Sales)

District 5 - Average Price $1,316 PSF
District 21 - Average Price $1,455 PSF
District 22 - Average Price $1,046 PSF
District 23 - Average Price $1,001 PSF

Executive Condo Blossom Residences (99 Years Leasehold) at Segar Road contribute 5 Sales in District 23 with average $881 PSF. It was TOP around 2014 which MOP Completed recently and it is 0.19km away from Segar LRT Station.

2 Bedroom sold around S$710k - S$750k
3 Bedroom sold around S$850k - S$950k
4 Bedroom sold at S$1.204M

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New Launch Development in West

LeQuest
https://www.propertyfactsheet.com/properties/le-quest-mixed-development-condo-at-bukit-batok-ave-6/

Whistler Grand
https://www.propertyfactsheet.com/properties/whistler-grand-condo-west-coast-vale-singapore/

Parc Clematis
https://www.propertyfactsheet.com/properties/parc-clematis-at-jalan-lempeng-clementi-by-singhaiyi/

View@Kismis
https://www.propertyfactsheet.com/properties/view-at-kismis-upper-bukit-timah-area/

Kent Ridge Hill
https://www.propertyfactsheet.com/properties/kent-ridge-hill-residences-by-oxley-holdings-official-listing/

Midwood
https://www.propertyfactsheet.com/properties/the-midwood-condo-at-hillview-rise-by-hong-leong-holdings/

Mont Botanik
https://www.propertyfactsheet.com/properties/mont-botanik-residence-at-hillview-freehold-at-leasehold-price%e2%80%8e/

For 1 Bedroom entry Price

Whistler Grand S$698640
Parc Clematis S$809000
Kent ridge Hill $802000
Midwood S$750000
Mayfair S$992000

For 2 Bedroom Entry Price

Whistler Grand $899540
View @ Kismis S$976000
Midwood S$1015000
Parc Clematis S$1045000
Mont Botanik S$1094200
Kent ridge Hill S$1250000
Mayfair S$1417000

For 3 Bedroom Entry Price

Le Quest S$1276000
Whistler Grand S$1352180
Parc Clematis S$1317000
View @ Kismis S$1339000
Midwood S$1420000
Mont Botanik S$1572400
Kent ridge Hill S$1567000
Mayfair S$1953000

For 4 Bedroom Entry Price

Le Quest S$1727000
Whistler Grand S$1626800
Parc Clematis S$1968000
Midwood S$1999000
Kent ridge Hill S$2611000
Mayfair S$2539000

For 5 Bedroom Entry Price

Whistler Grand S$1855050
Parc Clematis S$2618000
View@Kismis S$1978000
Kent ridge Hill S$2842000
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Upcoming New Launch Development in West

1) Dairy Farm Residences is a new development located in the heart of Hillview and Dairy Farm by UED Residential.

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#November2019Edition #WestSingapore #PropertyMarketUpdates

Midtown Bay, residential part of GuocoLand’s S$2.4b mixed-use project at Bugis, launch on Oct 5

[vc_row][vc_column][vc_single_image image=”12563″ img_size=”full” alignment=”center”][vc_empty_space][vc_column_text]Midtown Bay is designed to set a new benchmark for city living. The residences at Midtown Bay will offer urbanites the flexibility to live, work and entertain at home in unprecedented ways. Each unit will have spacious living and dining areas that allow for ample configurations to entertain guests on an intimate scale.

Property developer GuocoLand launch residential project Midtown Bay, in Beach Road near Bugis MRT station, on Saturday (Oct 5), with one-bedroom units starting from S$1.38 million.[/vc_column_text][vc_empty_space height=”8px”][vc_column_text]You might be interested in MidTown Bay[/vc_column_text][vc_column_text]The 99-year leasehold project is the residential component of Guoco Midtown, a S$2.4 billion mixed use development that includes a 30-storey office building, shops and food and beverage outlets for the public.

The 33-storey residential block comprises 219 units, close to half of which are one-bedroom units. About 70 units are two-bedders and the rest are duplex units.[/vc_column_text][vc_column_text]You may like : Only Clementi Condo for Sale in 2019 – Parc Clematis[/vc_column_text][vc_video link=”https://youtu.be/SXFO-NxYcIs”][vc_column_text]Read Also : Latest Updated New Launch in the WEST [/vc_column_text][/vc_column][/vc_row]

[Iconic] Midtown Bay by GuocoLand

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Official MidTown Bay Latest Updates October 23, 2019 :

[/vc_column_text][vc_column_text]1 Bedroom From S$1,364,700

2 Bedroom From S$1,928,400

2 Bedroom Duplex From S$2,607,300

3 Bedroom Duplex From Only S$3,345,400[/vc_column_text][vc_cta h2=”Own this Property & Don’t miss out this opportunity!” h2_font_container=”color:%23dd3333″ h2_google_fonts=”font_family:Open%20Sans%3A300%2C300italic%2Cregular%2Citalic%2C600%2C600italic%2C700%2C700italic%2C800%2C800italic|font_style:600%20bold%20regular%3A600%3Anormal” add_button=”right” btn_title=”Enquire Now!!” btn_color=”danger” use_custom_fonts_h2=”true” btn_add_icon=”true” btn_custom_onclick=”true” btn_el_class=”ncf_trigger_element”]SMS ‘Midtown Bay’ & YOUR NAME TO Alvin Tay (+65)91259978 or simply click the button on the right.[/vc_cta][vc_separator][/vc_column][/vc_row][vc_row][vc_column][vc_single_image image=”12560″ img_size=”full” alignment=”center”][/vc_column][/vc_row][vc_row][vc_column][vc_column_text]

About Midtown Bay

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Midtown Bay is designed to set a new benchmark for city living.

The residences at Midtown Bay will offer urbanites the flexibility to live, work and entertain at home in unprecedented ways. Each

unit will have spacious living and dining areas that allow for ample configurations to entertain guests on an intimate scale.

[/vc_column_text][vc_cta h2=”Own this Property & Don’t miss out this opportunity!” h2_font_container=”color:%23dd3333″ h2_google_fonts=”font_family:Open%20Sans%3A300%2C300italic%2Cregular%2Citalic%2C600%2C600italic%2C700%2C700italic%2C800%2C800italic|font_style:600%20bold%20regular%3A600%3Anormal” add_button=”right” btn_title=”Enquire Now!!” btn_color=”danger” use_custom_fonts_h2=”true” btn_add_icon=”true” btn_custom_onclick=”true” btn_el_class=”ncf_trigger_element”]SMS ‘Midtown Bay’ & YOUR NAME TO Alvin Tay (+65)91259978 or simply click the button on the right.[/vc_cta][vc_separator][vc_video link=”https://youtu.be/yoULK5qRXEU” align=”center”][/vc_column][/vc_row][vc_row][vc_column][vc_column_text]

Why Midtown Bay ?

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The residential component of Guoco Midtown, Midtown Bay is an exclusive collection of luxury city homes. Midtown Bay residents will

enjoy the flexibility of living, working and entertaining at home, as well as networking, innovating, and relaxing at Guoco Midtown.

This is truly an integrated and vibrant urban lifestyle of the future.

[/vc_column_text][vc_cta h2=”Rare opportunity to Own this Property!” h2_font_container=”color:%23dd3333″ h2_google_fonts=”font_family:Open%20Sans%3A300%2C300italic%2Cregular%2Citalic%2C600%2C600italic%2C700%2C700italic%2C800%2C800italic|font_style:600%20bold%20regular%3A600%3Anormal” add_button=”right” btn_title=”Enquire Now!!” btn_color=”danger” use_custom_fonts_h2=”true” btn_add_icon=”true” btn_custom_onclick=”true” btn_el_class=”ncf_trigger_element”]SMS ‘Midtown Bay’ & YOUR NAME TO Alvin Tay (+65)91259978 or simply click the button on the right.[/vc_cta][vc_column_text]

You may also like : Branded Residences SO Sofitel in Malaysia Kuala Lumpur, SO Sofitel Residences

[/vc_column_text][vc_separator][vc_video link=”https://youtu.be/C4tdFml1fy8″ align=”center”][/vc_column][/vc_row][vc_row][vc_column][vc_column_text]

Midtown Bay Location

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Located within the central business district, Guoco Midtown is at the intersection of two key development

corridors: Beach Road and Ophir-Rochor Road, and it links up 3 micromarkets, namely City Hall, Marina

Centre and Bugis. When completed, Guoco Midtown will be a premium, vibrant business and lifestyle

destination, attracting a dynamic community that will help to rejuvenate and reposition Beach Road.

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[vc_cta h2=”At one of the best location!” h2_font_container=”color:%23dd3333″ h2_google_fonts=”font_family:Open%20Sans%3A300%2C300italic%2Cregular%2Citalic%2C600%2C600italic%2C700%2C700italic%2C800%2C800italic|font_style:600%20bold%20regular%3A600%3Anormal” add_button=”right” btn_title=”Enquire Now!!” btn_color=”danger” use_custom_fonts_h2=”true” btn_add_icon=”true” btn_custom_onclick=”true” btn_el_class=”ncf_trigger_element”]SMS ‘MidtownBay’ & YOUR NAME TO Alvin Tay (+65)91259978 or simply click the button on the right.[/vc_cta][vc_column_text]

Read Also : View @ kismis Potential in Upper Bukit Timah

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Amenities of Midtown Bay

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Availability of Amenities

Check out the hottest new restaurant in town, enjoy a fun night

out, or venture to the latest exhibition opening at the National Gallery. Whether it’s entertainment, culture or

recreation you are after, they are all at your doorstep.

Availability of Recreational Facilites

Enjoy the buzz and soak up the energy around Guoco

Midtown and Midtown Bay.

.

Availability of Several Academic Institutions

Nanyang Academy of Fine Arts (NAFA) 0.9 km 2 min drive

Stamford Primary School 1.3 km 2 min drive

Lasalle College of the Arts 1.3 km 2 min drive

Singapore Management University (SMU) 1.4 km 2 min drive

St. Margaret’s Primary School 2.0 km 5 min drive

Farrer Park Primary School 2.9 km 6 min drive

St. Joseph Institution Junior 3.4 km 6 min drive

River Valley Primary School 3.6 km 7 min drive

Close to the Regional Centre of Singapore

 Unlike the more traditional Shenton Way, this part of the CBD is alive 24/7, offering

a range of exciting activities for every lifestyle.

[/vc_column_text][vc_single_image image=”12574″ img_size=”full” alignment=”center”][vc_cta h2=”Be close to numerous Amenities” h2_font_container=”color:%23dd3333″ h2_google_fonts=”font_family:Open%20Sans%3A300%2C300italic%2Cregular%2Citalic%2C600%2C600italic%2C700%2C700italic%2C800%2C800italic|font_style:600%20bold%20regular%3A600%3Anormal” add_button=”right” btn_title=”Enquire Now!!” btn_color=”danger” use_custom_fonts_h2=”true” btn_add_icon=”true” btn_custom_onclick=”true” btn_el_class=”ncf_trigger_element”]SMS ‘MidtownBay’ & YOUR NAME TO Alvin Tay (+65)91259978 or simply click the button on the right.[/vc_cta][vc_column_text]

You may like : Only Clementi Condo for Sale in 2019

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Midtown Bay Site Plan/Facilities

[/vc_column_text][vc_single_image image=”12572″ img_size=”full” alignment=”center”][vc_cta h2=”Own Your Desire Units” h2_font_container=”color:%23dd3333″ h2_google_fonts=”font_family:Open%20Sans%3A300%2C300italic%2Cregular%2Citalic%2C600%2C600italic%2C700%2C700italic%2C800%2C800italic|font_style:600%20bold%20regular%3A600%3Anormal” add_button=”right” btn_title=”Enquire Now!!” btn_color=”danger” use_custom_fonts_h2=”true” btn_add_icon=”true” btn_custom_onclick=”true” btn_el_class=”ncf_trigger_element”]SMS ‘MidtownBay’ & YOUR NAME TO Alvin Tay (+65)91259978 or simply click the button on the right.[/vc_cta][vc_column_text]

Read Also : Latest Updated New Launch in the WEST

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Midtown Bay Unit Distribution

[/vc_column_text][vc_single_image image=”12564″ img_size=”full” alignment=”center”][vc_cta h2=”Own Your Desire Units” h2_font_container=”color:%23dd3333″ h2_google_fonts=”font_family:Open%20Sans%3A300%2C300italic%2Cregular%2Citalic%2C600%2C600italic%2C700%2C700italic%2C800%2C800italic|font_style:600%20bold%20regular%3A600%3Anormal” add_button=”right” btn_title=”Enquire Now!!” btn_color=”danger” use_custom_fonts_h2=”true” btn_add_icon=”true” btn_custom_onclick=”true” btn_el_class=”ncf_trigger_element”]SMS ‘MidtownBay’ & YOUR NAME TO Alvin Tay (+65)91259978 or simply click the button on the right.[/vc_cta][vc_separator][/vc_column][/vc_row][vc_row][vc_column][vc_column_text]

Midtown Bay Developer

[/vc_column_text][vc_single_image image=”12565″ img_size=”full” alignment=”center”][vc_column_text]Guocoland limited was incorporated in Singapore on 31 March 1976. On September 1978 it was converted to a public company and its shares listed on Singapore stock exchange. It became an investment holding company which operated under First Capital Corporation Limited. In late 1990, the group ventured into property investment, hotel operations, property development, and property management. Its portfolio comprises of retail, residential, commercial, hospitality and integrated developments. It was the pioneer of 99-year leasehold condos in Singapore. Over 35 residential developments yielding more than 10,000 homes have been developed and sold by the group. Among them are the 5-star business hotel Sofitel Singapore City Centre, Tanjong Pagar Centre, luxurious apartments at Wallich Residence, a dynamic lifestyle and F&B retail space, and a landscaped urban park.

Guocoland Real Estate Developer

The key senior management include:

Mr. Raymond Choong who is the group president and chief executive officer. He has over 30 years of experience in banking holding various senior positions.

Mr. Michael Lim, group chief financial officer who joined in August 2018. He is in charge of financial operations, investor operations, and financial analysis.

Ms. Mary Goh is a group secretary with more than two decades of corporate secretarial experience.

Mr. Cheng Hsing Yao is the director of Eco World International Berhad and Managing Director of Guocoland Singapore.

Mr. Hoon Tect Ming is the country head director of Guocoland China.

Mr. Datuk Edmund Kong is the managing director of Guocoland Malaysia.

Guocoland Expanding in the Region

Besides Singapore, the group has ventured in China, Malaysia, United Kingdom, Australia, and Asia. In 2004 the group entered Malaysia through the acquisition of the major stake in Guocoland Berhad. In September 2006 the group was awarded the tender of fully developing a 17.5-hectare site in Binh Duong Province. It marked a significant milestone in its expansion in 2017 by partnering with Eco World Development Group Berhad. This allowed four development projects in Sydney and London.

Awards Won by Guocoland

Guocoland has been honored with numerous awards both internationally and locally. The awards include Construction Authority Green Mark Awards, environmental sustainability awards in Energy and Environmental Design Pre-Certification, FIABCI Property Awards, South East Asia Property Awards, and BCI Asia Awards. Today, it’s one of the major companies listed in Singapore Exchange Securities Trading Limited with a revenue of around S$ 1.16 billion. As of 30 June 2015, the group had total assets of S9.51 billion dollars. The mission of the group is to conduct business with high standards of integrity and corporate governance. In line with this commitment, it has adapted to provide avenues for employees.[/vc_column_text][vc_single_image image=”12573″ img_size=”full” alignment=”center”][vc_cta h2=”Invest with Renowned Developer” h2_font_container=”color:%23dd3333″ h2_google_fonts=”font_family:Open%20Sans%3A300%2C300italic%2Cregular%2Citalic%2C600%2C600italic%2C700%2C700italic%2C800%2C800italic|font_style:600%20bold%20regular%3A600%3Anormal” add_button=”right” btn_title=”Enquire Now!!” btn_color=”danger” use_custom_fonts_h2=”true” btn_add_icon=”true” btn_custom_onclick=”true” btn_el_class=”ncf_trigger_element”]SMS ‘MidtownBay’ & YOUR NAME TO Alvin Tay (+65)91259978 or simply click the button on the right.[/vc_cta][vc_separator][/vc_column][/vc_row][vc_row][vc_column][vc_column_text]

Get VIP Preview Discount Now by Registering with Developer

 

[/vc_column_text][vc_single_image image=”8628″ img_size=”large” alignment=”center”][vc_cta h2=”Register Now to be entitled for VIP Preview Discount” h2_font_container=”color:%23dd3333″ h2_google_fonts=”font_family:Open%20Sans%3A300%2C300italic%2Cregular%2Citalic%2C600%2C600italic%2C700%2C700italic%2C800%2C800italic|font_style:600%20bold%20regular%3A600%3Anormal” add_button=”right” btn_title=”Register Now!!” btn_color=”danger” use_custom_fonts_h2=”true” btn_add_icon=”true” btn_custom_onclick=”true” btn_el_class=”ncf_trigger_element”]Simply SMS or Whatsapp “MidtownBay” to +65-91259978 or simply click the button on the right and submit to get VIP Preview Discount.[/vc_cta][vc_separator][vc_video link=”https://youtu.be/SXFO-NxYcIs”][vc_empty_space][/vc_column][/vc_row][vc_row][vc_column][vc_column_text]

6

Beach Road
Singapore,

189770

8304 3463

Midtown Bay Condo

Write Us A Review

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Singapore Condo Property Listing Video - Flo Residence at Punggol Field Walk 4 Bedder For Sale

 

Nicely Renovated 4 Bedrooms Unit from Serious Seller

Listed Price : 1,370,000

Please Call Ben Xia at 96951591 for enquiries.

Fire Sell, Must Sell, Price Reduced: Nice 4 Bedrooms Units

- TOP 2016 & Only 3 years old
- Level 7: Bright and Breezy
- 125m2 Spacious Size 4 Bedrooom Condo
- Regular layout for maximum space usage
- Well Renovated with move in condition
- Swimming Pool View
- Spacious Living room and dining area
- Full kitchen cabinets
- 8 min walking to famous primary school: Mee Toh School
- Serious Seller, Any offer to Consider

Amenities nearby:
- Opposite Punggol Plaza mall with Fairprice and Koufu food court
- Punggol 21 Community
- Next to Coral Edge LRT
- Mee Toh School
- Global Indian International School
- Greendale Primary school

For viewing, please contact Ben Xia via 96951591

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Check out More Resale Listing

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Latest New Launch Parc Clematis

https://www.youtube.com/playlist?list=PLe4pS4CXz4LrUfnlLYTOxHk8sAfuZVoJv

Read More at https://www.propertyfactsheet.com/properties/parc-clematis-at-jalan-lempeng-clementi-by-singhaiyi/

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Check out Latest Property News

https://www.youtube.com/playlist?list=PLe4pS4CXz4LpQ6aGx517lfd9zUcQ7q0hy

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#Florresidence #Punggol #CoralEdgeLRT

Jui Residences - A Freehold in Potong Pasir

[vc_row][vc_column][vc_single_image image=”12545″ img_size=”full” alignment=”center”][vc_empty_space][vc_column_text]Jui Residences has been designed to reflect art deco heritage which is inspired by the National Aerated Water Co . , Ltd . building, located within the grounds of the development . The art deco heritage can be seen through the vertical flutes on the façade, arched detailing on the balconies and wide inset curves at the podium[/vc_column_text][vc_empty_space height=”8px”][vc_column_text]You might be interested in Jui Residences[/vc_column_text][vc_video link=”https://youtu.be/dn1wA5pszcM”][vc_column_text]Read Also : Latest Updated New Launch in the WEST [/vc_column_text][/vc_column][/vc_row]

CapitaLand has Launched One Pearl Bank with a Great Sales Result

[vc_row][vc_column][vc_single_image image=”12513″ img_size=”full” alignment=”center”][vc_empty_space][vc_column_text]CapitaLand said the 160 units sold at One Pearl Bank included a mix of studio, one-, two-and three-bedroom apartments. The most popular were the one-and two-bedders, which made up 56 per cent and 31 per cent respectively of the units sold. About eight in 10 of the buyers are locals.  Prices start from under $1 million for a studio apartment, and more than two-thirds of the units are priced below $2 million each.[/vc_column_text][vc_empty_space height=”8px”][vc_column_text]You might be interested in One Pearl Bank Condominium[/vc_column_text][vc_video link=”https://youtu.be/5NKNOiXJJjk”][/vc_column][/vc_row]

Huttons Weekly News Review Oct 18 2019 / Issue 42

[vc_row][vc_column][vc_single_image image=”12502″ img_size=”full” alignment=”center”][vc_empty_space][vc_column_text]Top News for the Week

New private home sales hit a seven year high in Sept with 1,270 sold

Govt to spend over S$1b to spruce up public, private housing estates

Buyers from China bump up Singapore luxury condo sales

Singapore narrowly avoids technical recession Q3

Hong Leong’s Midwood condo to have preview ahead of Oct 26 launch
Latest Updated New Launch in the WEST

New private home sales hit a high in Sept

New private home sales enjoyed their best September in seven years, while reaching heights not seen since the cooling measures were imposed in July last year

Govt to spend over S$1b to spruce up public, private housing estates

More than S$1 billion will be spent on upgrading projects for both public and private housing estates “over the next few years”.

Read Also : View @ kismis Potential in Upper Bukit Timah

Buyers from China bump up Singapore luxury condo sales

The luxury end of Singapore’s residential market is hot, and according to a report, it’s because of increased interest from mainland Chinese nationals.

Two Belmont Rd GCBs being sold

Two freehold bungalows along Belmont Road, the subject of mortgagee sales, are changing hands. The more advanced deal involves the smaller property, which is a stone’s throw from the Holland Village MRT station. Located within the Cornwall Gardens Good Class Bungalow (GCB) area, this property with a long driveway is being sold for S$18.6 million, which works out to S$1,139 per square foot based on the land area of 16,327 sq ft

Take a look : Mayfair London Inspire Condo

Property investors turn to S-E Asia amid Hong Kong unrest

From luxury Singapore condos to Malaysian seafront apartments, Hong Kong investors are shifting cash into South-east Asian property, demoralised by increasingly violent protests as well as the China-US trade war.

Queenstown could get 5,000 new HDB flats by 2027

More than 5,000 new homes could be launched in Queenstown by 2027, based on details in a traffic study that will be conducted for Singapore’s oldest town.

You may like : Only Clementi Condo for Sale in 2019

Nassim Road GCB on sale for some S$175m

A two-storey conservation good class bungalow (GCB) located at 40 Nassim Road is up for sale via public tender with an indicative price in the region of S$175 million. The property, once occupied by the Royal Embassy of Saudi Arabia, has a total land area of around 58,784 square feet (sq ft).

Intent to purchase property weakens in Singapore: Survey

Singaporeans are increasingly adopting a “wait-and-see” approach when it comes to buying properties.

Hong Leong’s Midwood condo to have preview ahead of Oct 26 launch

A six-day preview for Hong Leong Holdings’ new 564-unit Midwood condominium – in Hillview Rise near the Bukit Timah Nature Reserve – begins on Oct 19, ahead of its launch on Oct 26.

You might be interested : Indepth Information on Midwood

S’pore parents’ housing type could show how kids will fare

New research by the National University of Singapore (NUS) has found that the type of housing owned by Singaporean parents can be a good predictor of the next generation’s economic status. According to the study, children from grassroots families, defined as those with parents in the bottom 60 per cent, end up in housing that is more valuable than that of their parents. That is mainly due to Singapore schools being located close to Housing Board towns

Singapore’s Q3 property investment sales surge to S$16.7b: report

Real estate investment sales in the third quarter more than doubled to S$16.74 billion from S$6.7 billion in the previous quarter, on the back of a commercial sector surge from big ticket office transactions.

Move to create list of 50 post-1965 buildings to help raise profile of Singapore’s modernist architecture

Beach Road is a star-studded avenue of historical architecture and neighbourhoods from colonial and post-independent Singapore.

Desperately seeking tenants as eateries shut before lease is up

A slate of restaurants have shut down or are shutting down even before their leases expire

Holland Village car park up for sale with S$32m indicative price

A freehold car park at Holland Road Shopping Centre is up for sale via expression of interest (EOI) with an indicative price in the range of S$32 million.

Also Read : Freehold Condo Mont Botanik in the West

Government Competition panel investigating online food delivery sector

The Competition and Consumer Commission of Singapore (CCCS) has commenced investigations into the online food delivery and virtual kitchens sectors, with an eye on the use of exclusive agreements and refusal of service by players to block competition.

MOM keeps eye on companies at risk of salary defaults

Employers who are seen to be at higher risk of defaulting on salaries will have to tell the Ministry of Manpower (MOM) whether they have been paying salaries on time.

Iras recovers S$175m in GST, penalties in Jan-Sept 2019 period

The taxman recovered a total of S$175 million in Goods and Services Tax (GST) and penalties between January and September this year, following audits and investigations of over 2,000 GST related cases.

Singapore starts talks with Australia on digital economy pact

Singapore and Australia began negotiations on a digital economy pact, with an eye on creating a seamless environment for online trade that also protects personal data.

Workers won’t be alone as economy transforms: PM Lee

As industries transform and Singapore charts an uncertain future, workers will not be left to fend for themselves, Prime Minister Lee Hsien Loong said.

$15m boost for national monument restoration fund

Owners of national monuments will be able to access $15 million in a new tranche of funds for their restoration projects in the next five years.

SM Teo discusses smart cities with Russian officials

Senior Minister Teo Chee Hean has held talks with Mr Sergei Ivanov, Russia’s Special Presidential Representative for Environment Protection, Ecology and Transport, as part of a working visit to the Russian capital, Moscow.

Singapore to double down on digital growth: Iswaran

Playing a long game, Singapore will keep investing in a digitalised economy despite storm clouds, Minister for Communications and Information S Iswaran suggested.

Singapore plans four 5G networks to secure digital future

Singapore has set its sights on up to four 5G networks, instead of the two initially planned for, as it takes bolder steps to embrace a technology believed to be crucial to the nation’s economic growth.

Opportunities for Singapore despite global challenges: Chee Hong Tat

Electrical appliance giant Dyson may have shelved some of its plans in Singapore, but it will still expand its presence in the Republic, said Senior Minister of State for Trade and Industry and Education Chee Hong Tat.

No extraordinary steps needed yet to counter trade war impact: Heng Swee Keat

It is unrealistic to expect that the United States and China can resolve their long-drawn trade dispute in a few meetings, but if the two sides can agree on a number of key areas first, it would be an important step that will restore global confidence, Singapore Deputy Prime Minister Heng Swee Keat has said.

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Growth doubts linger as Singapore thinly skirts technical recession

Singapore’s economy looks to have barely budged in the third quarter, in a Ministry of Trade and Industry (MTI) flash estimate, as the gross domestic product (GDP) inched up by just 0.1 per cent year on year – unchanged from the quarter prior.

MAS eases monetary policy ‘slightly’ in October

The Monetary Authority of Singapore (MAS) has eased monetary policy “slightly” in its halfyearly monetary policy review, in a move that economists see as leaving the door open for another possible easing in April 2020.

Singapore’s September non-oil exports continue falling streak with 8.1% drop

Singapore’s non-oil domestic exports (NODX) continued to fall in September, mainly due to lower exports to Europe, the United States and Japan, but showed a slight improvement over August and the five months of double-digit declines before that.

August retail sales fall 4.1% from last year

Takings at the till fell for the seventh straight month in August, with sales for pricey items like cars taking an especially big hit.

Recession avoided but businesses remain on guard

Singapore may have dodged a technical recession but high-end manufacturer Racer Technology knows all too well that times are tough and likely to get even tougher in the months ahead.

Frasers Property, Hitachi team up to drive digital transformation in Asia-Pac

Frasers Property Group and Hitachi Asia are investing up to S$50 million each to drive digital transformation in the Asia-Pacific real estate industry over the next five years.

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About 20 people in Singapore affected by Dyson decision

About 20 employees in Singapore have been affected by Dyson’s closure of its automotive division, as the British technology company ditches plans to build electric cars here. “We are hoping to find roles for as many people as possible,” a Dyson spokesperson said in response to queries from The Business Times.

Amazon Singapore sees growth backed by logistics capacity

Amazon is able to support its ramp-up of Singapore retail operations, country manager Henry Low told The Business Times, citing “a very long-term view of investments” in areas such as logistics infrastructure

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RedDoorz to have 29 budget hotels here by end-2020

Singapore-based hospitality start-up RedDoorz will expand its portfolio of 18 budget hotel properties in Singapore to 29 by the end of next year.

With 2 Singapore hotels in the bag, Hoi Hup aims for local portfolio

The price tag was almost half a billion dollars – a new record – but Hoi Hup Realty did not dither when offered the Andaz Singapore hotel in the Rochor area.

Hotel Compass in Geylang up for sale with S$23-25m guide price

Hotel Compass, a freehold hotel in Geylang, has been launched for sale by public tender at a guide price of S$23 million to S$25 million.

Hospitality deals hit record $2.8b in Q3

Hospitality deals in Singapore reached the highest level recorded on a quarterly basis, hitting $2.8 billion in the third quarter, according to real estate firm report.

Far East Hospitality to open The Clan Hotel in Q2 2020

The Clan Hotel Singapore – the latest brand in Far East Hospitality’s portfolio – will open its doors in the second quarter of 2020, the hospitality owner and operator announced.

Lower threshold price for foreigners buying apartments in Malaysia

Foreigners can soon buy Malaysian apartments and condominiums at lower prices in big cities, and the government will inject RM85 million (S$28 million) to improve traffic flow at the two Johor checkpoints into Singapore.

Malaysia’s property market shows signs of picking up as developers build less

Malaysia’s property paradox may be coming to an end as developers build fewer homes. The government rolled out a slew of measures in the past year aimed at solving the nation’s two-fold problem of a lack of affordable homes and a RM19.8 billion (S$6.46 billion) property glut.

Hong Kong government spells out new housing policy, defends land seizures

Hong Kong’s government yesterday provided further details about new policies announced by Chief Executive Carrie Lam in a bid to ease the city’s housing crisis, which includes seizing up to 400ha of land for public housing over the next five years.[/vc_column_text][vc_empty_space height=”8px”][vc_column_text]You might be interested in Pullman Residences[/vc_column_text][vc_video link=”https://youtu.be/kFVRcVVwJzM”][/vc_column][/vc_row]