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RESIDENTIAL PROPERTY
Why home prices won’t correct excessively next year According to OCBC, one significant headwind for the residential sector lies in the large physical supply expected over FY14-16. Including HDB, DBSS and EC completions, we anticipate that 50.0k, 49.7k and 73.6k homes will come into the physical supply in FY14, FY15 and FY16, respectively. Assuming a 6m population target by 2020, they forecast average population growth at ~86k individuals.
MARKETS & INVESTING
RESIDENTIAL PROPERTY
Hold the line: SGX seeks MIA SingTel shareholders Dividend checks awaiting missing investors. According to a release, Singapore Exchange wants to locate 89,000 investors who own $68.3 million in unclaimed shares and dividends. These unclaimed assets comprise $14.6 million of SingTel shares and dividends belonging to investors without Central Depository accounts. The 15,000 individuals who own these shares bought them at $2.00 each.
You won’t believe how much property taxes will go down in 2014 95% of owner-occupied homes to benefit. According to a release, most owner-occupied homes will pay lower property tax bills next year, as a result of the Progressive Property Tax Rates announced in Budget 2013. All owner-occupied HDB flats and three quarters of owneroccupied private homes will pay lower property tax in 2014. In total, 95% of owner-occupied homes will see lower property tax bills.
What Singaporeans must do to boost personal brand on LinkedIn BY CHRIS REED Whether you like it or not it’s how you are perceived and just like a corporate brand it’s made up of various brand attributes and values, some of which you may not be aware of and some of which you may not like. But you do have a brand. Everybody does.
Tapping the future of Singaporean football BY LUKA LALIC Time would be better spent asking: “how can we develop an effective youth (COE) league that can produce ready-to-play senior players?”; “how do we attract the best foreign youth coaches for the money available?”, and “how can we persuade schools to co-operate with external sports teams?”
FROM THE BLOG 3 things Singaporeans must consider when investing in overseas properties BY SEAN SEAH As I was flipping through the papers, I noticed there seems to be abundance of investment. Personally, I am always open to taking a look at investment opportunities but to all the buyers, we need to first arm ourselves with ideas.
6 SINGAPORE BUSINESS REVIEW | JANUARY 2014