Soaring real estate prices have taken the sheen off what many see as a golden investment, according to a study by the country’s largest bank.
A record number of public housing owners made large personal profits by selling their units for over S$1 million in 2020. What does that say about a system aspiring to affordable housing for all?
Loan brokers say firms in the worst-hit industries such as aviation and construction are finding it harder to get funds amid the Covid-19 pandemic.
The late Macau casino tycoon’s Shun Tak Holdings has spent more than US$1.4 billion on Singapore land and property since 2016, and market watchers are wondering if its residential and hotel projects are on track for completion.
Struggling businesses have taken out 2,500 loans since March and while there is a risk of default, analysts say the loans will prevent the larger calamity of businesses collapsing. Banks are also well-capitalised, they add.
Some places of worship in Singapore are dipping into their reserves to keep operations running as donations dry up amid the coronavirus pandemic.
Instead of shrinking from the growth of e-commerce, developers are doubling down on large-scale mixed developments – but uncertainties remain over the future of physical retail.
A group of Singaporeans in their 60s and 70s became millionaires overnight when their condos were bought in collective sales by land-hungry developers. But it’s not all smooth-sailing, as health woes and other issues persist
Robert Zoellick laments the new view in Washington that cooperation with Beijing has failed, but remains optimistic the two powers can turn their ties around.