Today's news selection contains the latest real estate related stories. Do you own a real estate/property/finance blog or news site? Send the URL to news@agent.sg so our editors can use them as sources.
Analysts are predicting an uncertain future for the property and banking sectors for the rest of 2020 and into 2021.
DBS analysts Lim Rui Wen and Derek Tan expects job losses and resident unemployment rate to hit a high of around 98,000 and 4.2% by end-2020 respectively, as Singapore’s economy is expected to post its steepest contraction due to the COVID-19 pandemic.
This will continue to weigh on the outlook for the property market and banking sectors, especially with government job support measures ending by 3Q20. Further macroeconomic data points such as potential structural job changes post COVID-19 and future tightening of foreign policies impacting the rental market will be keenly watched.
Freshest Property News from Singapore
- Chart of the Day: 4,500 private home units to be completed from Q2 to Q4
- Mortgagee sales not likely to spike up in 2020 despite recession
- Singapore's Commercial Property Sector Still Subdued from Coronavirus Mid-Summer
- UOL snags $120m green loan to redevelop Pan Pacific Orchard hotel
- July 2020 Portfolio Updates – Changes To RSP And Sold First REIT
Interesting Stories Related Singapore
- Uber halts plans to move headquarters to Hong Kong from Singapore
- What to do if you are retrenched: Workforce Singapore career coach gives advice on how to cope
- More people allowed at marriage solemnisations, wakes from Aug 4: MOH
- Where Can I Invest $10,000 Right Now?
- National Day 2020 Deals: Compilation Of The Best National Day Promotions
Mattresses
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- The Definitive Guide to Buying a Mattress
- How to Choose a Mattress
- How to choose a mattress: Tips on how to buy the best mattress for your bed and budget
Best Gardening Tools and Accessories
- The Most Popular Gardening Tools You Can Find on Amazon Now
- The 9 Best Gardening Tools of 2020
- Best gardening tools 2020: 8 top buys for fuss-free garden maintenance
- The Best Gardening Tools To Cultivate Your Yard This Summer
- 18 of the Best Gardening Tools for an Absolutely Luscious Lawn
Previous news selection
Adjoining condos at Sophia Road to be up for collective sale with S$64m indicative price
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About Agent.sg Daily Property News Selection
Agent.sg's Daily Property News Selection brings you the most important property market news in and around Singapore. We list the best articles on real estate development, property investment and on the property listing market on a daily basis - whoever stays out, misses out.
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