Entries by The Colab Team

Real estate crowdfunding: 3 things to know before you invest

What is crowdfunding?  Crowdfunding offers a platform for start-ups and budding entrepreneurs to raise funds. Business ventures are, as the name suggests, funded by a crowd of people over the internet. A well-known example of a crowdfunding platform would be American-based Kickstarter, which focuses largely on creative projects. A number of companies crowdfunded on Kickstarter […]

This post was originally published on Redbrick Blog Section

Q3 unemployment rate increased to 2.2%, despite growth in total employment

Total employment growth in Q3 2019 tripled from Q2 2019, even as overall unemployment rate crept up.   Employment rate in Q3 2019 has increased by three times compared to the previous quarter, even as total unemployment rate crept up, reported CNA. Data from the Ministry of Manpower (MOM) showed that the seasonally-adjusted unemployment rate increased […]

This post was originally posted on Property Guru Property Market News Section

Singapore’s growth forecast raised to 0.7%: Survey

This is 0.1% higher compared to the previous survey.  Private-sector economists have raised Singapore’s growth forecast to 0.7% this year, 0.1% higher compared to the previous 0.6% growth in the previous survey, according to the latest quarterly survey conducted by the Monetary Authority of Singapore (MAS) on 11 December. The new forecast comes after the […]

This post was originally posted on Property Guru Property Market News Section

Singapore is the 7th most expensive city in Asia for expats to live: Survey

Singapore’s rise is attributed to the strong Singapore Dollar.   Singapore is the seventh most expensive city in Asia for expats to live, and the 13th most expensive city globally, according to the latest Cost of Living Survey by ECA International, reported Singapore Business Review. The city-state rose two spots and five spots globally compared to its […]

This post was originally posted on Property Guru Property Market News Section

LTA has released a new MRT Map, features a re-designed circle line

LTA said the new map design will make the Circle Line the focal point for “quicker reading and journey planning”. The Land Transport Authority (LTA) has unveiled a new MRT system map on Wednesday (Dec 11). Among the most notable changes is the redesign of the Circle Line, which now looks like an actual circle. […]

This post was originally posted on Property Guru Property Market News Section

Presenting the Singapore Property Market Outlook 2020

2020 is around the corner. Not only that: a new decade is about to begin. The PropertyGuru Property Market Outlook 2020 looks at the factors that have shaped the local real estate landscape in the past decade, and examines the state-of-play of the Singapore property market today. Bringing together data, trends and expert insights in our report, we cast an […]

This post was originally posted on Property Guru Property Market News Section

CDL chief wants ABSD extension to ease “immense pressure”

(Above: The recently launched Sengkang Grand Residence by CDL) One of Singapore’s largest developers, City Developments Ltd (CDL), has put the finger on the Additional Buyer’s Stamp Duty (ABSD) levy imposed by the government as the indirect cause of the large property supply overhang in Singapore. According to the rules, developers must develop the residential site they […]

This post was originally posted on Property Guru Property Market News Section

4 years needed to clear property supply glut: Experts

The current property glut issue in Singapore could take around four years to be eliminated, property experts told Bloomberg. The overhang could also exert a downward pressure on property prices in the midst of an uncertain economic outlook.  The Urban Redevelopment Authority (URA) revealed an overhang of 31,948 units as of 30 September, with sales averaging […]

This post was originally posted on Property Guru Property Market News Section

69% of Singaporeans feel they cannot retire comfortably: Survey

60% of Singaporeans are not prepared for retirement, while 69% feel that they cannot retire comfortably, according to a survey done by digital wealth manager, Syfe, which was published on Wednesday (4 Dec).  The survey, which uses an index developed by Syfe to measure retirement readiness at four levels, showed a huge gap in retirement […]

This post was originally posted on Property Guru Property Market News Section