Entries by The Colab Team

Singapore’s Q2 GDP won’t be as grim with the inclusion of June’s reopening: economists

“Given that Phase 1 began in early June and Phase 2 started sooner than we thought on 19 June, this allowed businesses to reopen and it means that the June indicators, such as retail sales, will not be as bad as April and May”, said Jeff Ng, Senior Treasury Strategist at HL Bank.  Economists expect Singapore’s […]

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

Claims about lack of action from HDB on leaks, water contamination in DBSS flat untrue, says HDB

The investigations revealed no defects in the sewage system or other areas. The Housing and Development Board (HDB) has refuted the online claims of a woman on the authorities’ inaction on the alleged leaks and water contamination within her flat, saying such claims were “untrue”, reported Channel News Asia (CNA). In a Facebook post on […]

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

Singapore enters recession after GDP contracts 12.6% in Q2

On a quarter-on-quarter seasonally-adjusted annualised basis, the economy shrank 41.2% in Q2 2020. Singapore has entered into recession after its economy contracted 12.6% on a year-on-year basis in the second quarter of 2020, due to the implementation of the circuit breaker measures from 7 April to 1 June to curb the spread of COVID-19, showed […]

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

Discussions on RTS Link project can be concluded by end-July, MOT

This comes as Singapore and Malaysia have been engaged in “intensive discussion” over the RTS Link project, said the ministry. Singapore has expressed optimism that discussions relevant to the Johor Bahru-Singapore Rapid Transit System (RTS) Link project could be concluded by the end of July, reported Channel News Asia (CNA). “Like Malaysia, we are optimistic […]

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

Government refutes claims made by opposition on living density as false

The government explained that Dr Cheong’s 2018 lecture was on how the republic can continue to be a highly liveable city in the event Singapore’s living density increase to 13,700 persons per square kilometre by 2030. The Singapore government has refuted the claims made by several Facebook posts by Singapore Democratic Party, Sin Rak Sin Party […]

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

What makes real estate a worthy investment?

“Land is a man’s treasure”. For generations, land has always been regarded as a prized commodity, given its scarcity and possible benefits such as agriculture or for human activities. In certain communities around the world, land parcels distinguish and differentiate social classes or even as a medium of trade. The modern man today is familiar […]

This post was originally published on Redbrick Blog Section

1.4 million Singaporeans to get $570mil in GST Vouchers next month

Eligible Singaporeans will receive up to $300 in GST voucher, which will be directly credited into their bank accounts from 1 August. The Ministry of Finance (MOF) on Wednesday (1 July) announced that up to 1.4 Singaporeans will benefit from $570 million in goods and services tax (GST) vouchers next month. Eligible Singaporeans will receive […]

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

HDB resale prices climb 0.2% in Q2

HDB flash estimates showed that the resale price index increased by 0.2% in Q2 2020, after staying flat in Q1 2020. Whilst the COVID-19 pandemic has affected property prices in the private market, resale prices of HDB flats remained relatively stable in the last two quarters. HDB flash estimates showed that the resale price index […]

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

Singapore private home prices drop 1.1% in Q2

Flash estimate from the Urban Redevelopment Authority (URA) showed that the private residential property index fell 1.1% in Q2 2020.  The COVID-19 pandemic has continued to affect the Singapore housing market as private home prices fell for a second consecutive quarter. Flash estimate from the Urban Redevelopment Authority (URA) showed that the private residential property index […]

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

URA launches Jalan Anak Bukit site for tender

URA envisions the site as a distinctive development and identity marker for the Beauty World precinct. Photo: URA The Urban Redevelopment Authority (URA) on Tuesday (30 June) launched a concept and price revenue tender for a commercial and residential site at Jalan Anak Bukit under the Government Land Sales (GLS) programme for H1 2020.  Situated […]

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