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1 in 5 professionals expect a 10% salary increase in 2019: survey

13 Dec 2018 - Singapore Business Review
Singapore professionals rated their salary satisfaction at 5.9 on a scale of 1-10. One in five or 23% of professionals in Singapore expect salary increments of more than 10% in 2019, whilst 10% of hiring managers said they would offer such increases, according to Robert Walters’ latest salary survey. ...

Total employment growth more than doubled to 16,700 in Q3

13 Dec 2018 - Singapore Business Review
Growth occurred mainly in the community, social & personal services and financial & insurance sectors. Total employment growth, excluding foreign domestic workers (FDW), more than doubled to 16,700 in Q3 compared with the growth of 6,500 in Q2, according to an announcement by the Ministry of Manpower ...

Top 25 tech stocks hit average returns of 5.7% in December

13 Dec 2018 - Singapore Business Review
Venture's total returns was recorded at -25.3% in December YTD. The Singapore Exchange (SGX) revealed that the returns of the top 25 technology stocks saw average returns hit 5.7% in December YTD whilst median returns were recorded at -15.9%. Total returns of the said stocks in 2017 hit 87.3% and median ...

Private property supply jumped 58.7% in Q3

13 Dec 2018 - Singapore Business Review
Asking prices of private non-landed residential properties inched up 1.4% QoQ. Private property supply surged 58.7% QoQ in Q3 as several mega projects with more than 1000 units were launched in the last three months, according to the latest PropertyGuru property index data. Excluding executive condominiums ...

Singapore's 2018 economic growth forecast raised by 1 ppt to 3.3%: MAS survey

13 Dec 2018 - Singapore Business Review
Economists think that manufacturing growth in 2018 will slow down to 7.4% from an earlier prediction of 7.6%. Singapore’s gross domestic product could hit 3.3%, up 1 ppt from the projected 3.2% growth in September, according to a survey by the Monetary Authority Singapore (MAS). According to the survey, ...

Chart of the Day: See the correlation between GDP growth and residential property prices

13 Dec 2018 - Singapore Business Review
Price growth could hit -3% to 2% in 2019 amidst predicted slower economic growth. This chart from OCBC Investment Research shows that historically, slower economic growth weighs on residential property prices, with correlation between private residential price growth and real GDP growth at 0.74 from ...

Private condo rents inched up 0.6% in November

12 Dec 2018 - Singapore Business Review
Rental volume in the city-state fell 11.2% to 3,791 units. Private condominium rents grew 0.6% MoM in November, SRX Property revealed. The largest rent hike of 1.8% MoM was observed in the core central region (CCR). Rents for condo units around the rest of the central region (RCR) also rose 0.6% whilst ...

HDB rents dipped 0.5% in November

12 Dec 2018 - Singapore Business Review
Rising flat supply will ensure that leasing costs remain cheap. Rental rates for Housing and Development Board (HDB) flats slipped 0.5% MoM in November, with HDB Executive rents leading the fall as their rents dipped 2.3%, SRX Property revealed. HDB 3-rooms and 4-rooms also recorded a slip in rental ...

BlueSG to unveil charging stations for private car owners in Q1 2019

12 Dec 2018 - Singapore Business Review
They are also eyeing to offer corporate subscription for Singapore firms. BlueSG will launch its charging network to third party vehicles progressively by Q1 2019 as part of its bid to push for the development of electric vehicles in Singapore. Subscribers of the service can avail of the charging in ...

Retail sales up 0.1% to $3.7b in October

12 Dec 2018 - Singapore Business Review
Petrol service stations sales grew the largest at 11.4%. Retail sales continued their upward trend albeit at a slower pace after inching up 0.1% YoY to $3.7b in October, according to data from the Department of Statistics (SingStat). Excluding motor vehicles, retail sales grew 0.5%. Online retail sales ...