REVERSING from a dip in August, Singapore hotels average room rate (ARR) reached S$284.37 in September – the highest since 14 years ago, when September 2008’s ARR came in at S$298.65. Overall hotel room revenue and revenue per available room (RevPAR) also grew in September to hit new highs. The latest data from the Singapore […]
Read MoreSINGAPORE’S economic growth is expected to slow to a pace that is “below trend” next year, weighed down by key external-facing sectors such as manufacturing and financial services, the Monetary Authority of Singapore (MAS) said in its half-yearly macroeconomic review on Thursday (Oct 27). Meanwhile, the global economy is in a “precarious” state, with growth […]
Read MoreTHERE are early signs that Singapore’s labour market improvement is slowing as economic growth eases, even though employment continued to grow in the third quarter of 2022, according to advance figures from the Ministry of Manpower (MOM) on Friday (Oct 28). Total employment – excluding migrant domestic workers – rose 75,600 on the quarter before, […]
Read MoreRENTS of retail spaces in Singapore’s central region fell for the third quarter in a row this year. Q3 2022 rents slipped 0.4 per cent quarter on quarter following Q2’s 0.5 per cent decline, according to figures from the Urban Redevelopment Authority (URA) released on Friday (Oct 28). Prices of retail space in the central […]
Read MoreOffice rents in Singapore’s central region rose 2.1 per cent in the third quarter of 2022 over the preceding quarter, after increasing 2.4 per cent quarter-on-quarter in Q2 2022. Urban Redevelopment Authority’s (URA) data released on Friday (Oct 28) also showed that the price index for office space in the central region fell 2.7 per […]
Read MoreRESALE prices of public housing flats climbed for the tenth consecutive quarter in the third quarter of 2022, up 2.6 per cent from the previous quarter, but slightly slower than Q2’s 2.8 per cent rise. The slower growth seen in Q3 shows the public housing market is starting to feel the effects of rising interest […]
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