Stricter borrowing criteria for property buyers, 15-month wait for private property owners buying HDB flats

SINGAPORE – The maximum amount of money home buyers can borrow to purchase their homes will be tightened with immediate effect, so that borrowers avoid future difficulties in servicing those loans. The cooling measures come after interest rates have risen significantly and are likely to continue rising, the Monetary Authority of Singapore (MAS), Ministry of […]

PropertyBT Podcast: Are Singapore’s office buildings a good bet?

Synopsis: Hosted by senior correspondent Leslie Yee, PropertyBT shares insights on all things Singapore property to help you on your property investment journey. Episodes feature views and insights from property analysts. Leasing activity and investment sales activity for good grade office buildings in the Central Business District is strong. Is optimism justified? What are the […]

S’pore to gain from US crypto regulatory woes, says digital asset bank

SINGAPORE – Singapore’s digital asset sector can benefit from the regulatory troubles brewing in the United States, said industry executive Diogo Monica. Mr Monica, the co-founder of American cryptocurrency bank Anchorage Digital, told The Straits Times on Thursday that many domestic and international players in the crypto space may be pushed to set up headquarters […]

America does not seek economic decoupling from China, says US ambassador in Beijing Nicholas Burns

SINGAPORE – The United States is not seeking to decouple its economic ties from China, US Ambassador In Beijing Nicholas Burns said on Thursday. However, he noted that the US will continue to compete in technology with the world’s second-largest economy and keep reminding it of its commitments to multilateral agreements on global trade and investment. […]

Colombia’s state oil firm to invest up to $69b to expand production of oil and gas: CEO

SINGAPORE – Colombia’s state energy company will invest around US$48 billion (S$69 billion) over the next eight years to expand oil and gas production, noted chief executive Felipe Bayon. Mr Bayon told The Straits Times at the firm’s new office in Orchard Road that the firm was producing around 700,000 or so barrels of oil equivalent […]

Hong Kong’s worst trading debut in 2022 sends EV-maker down 42%

HONG KONG – An electric-vehicle (EV) maker and a unit of China’s real estate developer China Vanke plunged in their trading debuts in Hong Kong, following initial public offerings (IPOs) that together raised more than US$1.5 billion (S$2.15 billion). Chinese EV-maker Zhejiang Leapmotor Technology slumped as much as 42 per cent to HK$25.05. The company […]