Daily Debrief: What Happened Today

Stories you might have missed

New property loan limits could feed demand for smaller flats, raise rentals further, curb overall buying

TIGHTER limits on property loans announced late last night will shrink homebuyers’ purchasing power and pinch on affordability, market analysts observed. And this could feed into greater demand for smaller flats - specifically resale 4-room Housing Development Board (HDB) flats, while also leading to higher rental rates and a slowdown in demand for private property.

Blended finance can help bridge gaps, fuel green transition in Asia: DPM Lawrence Wong

THERE is much scope in Asia – and in Singapore, in particular – for more innovative financing, such as public-private partnerships in the form of blended finance, to help battle climate change and foment a just and fair green transition in the region, said Deputy Prime Minister Lawrence Wong.

Singapore hotels’ average room rate, revenues in August slip from July highs

SINGAPORE hotels’ average room rate (ARR) dipped in August from July’s near-decade high to come in at S$248.34, though it was still significantly higher than year-ago levels, the latest data from the Singapore Tourism Board (STB) showed.

8M Real Estate buys island block of 5 shophouses in Jalan Besar for S$40m

SINGAPORE-BASED real estate investment company 8M Real Estate is buying an island block of 5 adjoining conserved shophouses along Jalan Besar, literally a stone’s throw from Jalan Besar MRT station, for S$40 million.

Manulife US Reit manager names Caroline Fong deputy CEO

THE manager of Manulife US Real Estate Investment Trust (Manulife US Reit) has appointed Caroline Fong as deputy chief executive officer (CEO), effective immediately.

The STI today

Singapore stocks break streak of declines; STI up 0.5%

SINGAPORE stocks broke a 5-day streak of declines to close up on Friday (Sep 30) amid a mixed showing among Asian markets.