• Wed
  • Sep 3, 2014
  • Updated: 3:34am

Economy of Singapore

Singapore braces for further curbs after record home sales

Home sales rose to 2,793 in March, rebounding from a 14-month low in February and the highest since the Urban Redevelopment Authority started releasing the information in June 2007, according to data released today. Sales in February slumped to 712 units, the data showed.

Wednesday, 17 April, 2013, 5:31am

Downtown Singapore mansion on the market for a record price

A downtown mansion near Singapore's Orchard Road is going on the market for a jaw-dropping S$300 million (HK$1.88 billion), with the owner betting that developers may profit from dividing the site.

11 Apr 2013 - 2:18am

Singapore new-home sales dive 65pc last month

New private home sales in Singapore plunged 65 per cent last month from a month before as market cooling measures and the Lunar New Year holidays kept buyers away, official data showed.

20 Mar 2013 - 5:22am

Singapore property taxes aim to deter foreign speculators

Singapore and Hong Kong are neck-and-neck competitors on so many levels, including their property markets. Prime real estate in both regional hub cities is considered a safe asset class, and one made even more desirable these days by the uncertainty elsewhere.

13 Mar 2013 - 5:26am

Wealth tax idea worthy of debate

A higher tax on the owners of Singapore's most expensive homes - the top 1 per cent - resonates here because it is aimed at closing a widening income gap, a problem we share. But it has prompted property and tax experts to say it would not work in Hong Kong because our residential property market is different. 

3 Mar 2013 - 3:32am 2 comments

Singapore sees exports decline again

Singapore's exports unexpectedly fell for the third time in four months last month as shipments of electronics slumped and companies sold fewer goods to US customers.

Non-oil domestic exports fell 2.5 per cent last month from a year earlier, after a 7.9 per cent gain in October, the trade promotion agency said in a statement yesterday.

18 Dec 2012 - 2:33am

Work-cheap model hits Singapore inflation wall

When dozens of Chinese bus drivers held Singapore's first strike in 26 years last week, the island deported the perpetrators. Getting rid of the soaring prices that are emboldening calls for higher wages won't be as easy.

Rising housing, transport and business costs have given the city state the fastest inflation among the developed world's biggest economies.

7 Dec 2012 - 3:23am

Memo to C.Y., Singapore isn't better off

'With an economy just half the size of Hong Kong's 10 years ago, Singapore has now surpassed us.'

Leung Chun-ying, chief-executive-elect

12 Jun 2012 - 12:00am

Europe feels the pain Asia once endured

How strange! Markets across Asia plummeted on news of Francois Hollande's election victory in France and of the punishment Greece's mainstream parties suffered at the hands of voters for their austerity measures. The election results are a clear rejection by ordinary people of spending cuts and belt-tightening.

8 May 2012 - 12:00am

Model behaviour

Hong Kong and Singapore have achieved stunning economic growth over the past decades; but through different approaches. Hong Kong's growth has been driven by the private sector, while Singapore has used a state-led capitalism model.

5 Mar 2012 - 12:00am