Singapore Economy Committee on the Future Economy's work critical to Singapore's next lap of growth: DPM Teo The work of the Committee on the Future Economy (CFE) is a critical aspect of Singapore's next lap of growth. Acting Prime Minister Teo Chee Hean said this comes against the backdrop of serious challenges the country is facing, which includes a population and workforce that is no longer growing. http://www.channelnewsasia.com/news/singapore/committee-on-the-future/2367534.html http://www.todayonline.com/singapore/new-panel-develop-strategies-future-economy?singlepage=true Businesses dominate panel to chart Singapore's future economy The business sector is taking front-row seats in charting the future of Singapore's economy. Representatives from corporations and business associations make up four-fifths of the main 30-member Committee for the Future Economy (CFE) as it looks to address issues in five key areas that are deemed crucial to Singapore's future economic development. http://www.channelnewsasia.com/news/business/singapore/committee-to-review/2365838.html Transformation to digital economy 'a top priority' Transforming Singapore to embrace innovation and become a digital economy should be among the committee's top priorities, but a long and tough road lies ahead. Analysts, economists, industry players and MPs yesterday noted the challenges the new body will face, such as a maturing economy and finite resources. Singapore Real Estate Take a 'tour' of building before construction starts Building owners, designers and contractors can now take a virtual tour of their planned projects at the new Centre for Lean and Virtual Construction. The million-dollar Building and Construction Authority (BCA) facility was opened officially by Senior Minister of State for National Development Desmond Lee yesterday. http://www.straitstimes.com/singapore/take-a-tour-of-building-before-construction-starts?login=true Sales value of auctioned properties at 5-year high The value of property sold under auction has hit a five-year high of $102.27 million, although the actual number of sales has not increased. There have been 34 sales this year, the same as last year, but the total value increased by 41 per cent, from $72.5 million, property consultancy JLL said yesterday. CapitaLand eyeing Vietnam office properties CapitaLand is looking to invest in Vietnam's office property segment, its country head said, as the real estate developer seeks to grow its portfolio beyond residential and serviced apartments in the fast-growing economy. Besides land, the company is looking to buy completed office buildings and upgrade them, Mr Chen Lian Pang, chief executive officer of CapitaLand Vietnam, told Reuters. http://www.straitstimes.com/business/capitaland-eyeing-vietnam-office-properties?login=true Fire breaks out at Orchard Plaza carpark; no injuries reported http://www.channelnewsasia.com/news/singapore/fire-breaks-out-at/2367312.html http://www.straitstimes.com/singapore/home-briefs-rubbish-catches-fire-at-orchard-plaza?login=true Companies' Brief Transport, property, telco stocks in focus "We believe CDL has an underappreciated portfolio of investment properties, the value of which could be potentially unlocked near term through an asset divestment, while retaining long-term ownership. As at Sept 2015, CDL's investment properties are held at S$3.1 billion versus our estimated value of S$7.6 billion," Credit Suisse said. http://www.businesstimes.com.sg/companies-markets/transport-property-telco-stocks-in-focus Global Economy & Global Real Estate Oil slides to 11-year low amid fears glut will worsen Despite fall in joblessness, US inflation may not rise http://www.businesstimes.com.sg/opinion/despite-fall-in-joblessness-us-inflation-may-not-rise The twisted logic of the Fed http://www.businesstimes.com.sg/opinion/the-twisted-logic-of-the-fed Lotte's hotel unit likely to file South Korea's largest IPO in recent years Facebook paying workers to move closer to HQ http://www.businesstimes.com.sg/real-estate/facebook-paying-workers-to-move-closer-to-hq Virtual giants in a place of steep housing costs http://www.businesstimes.com.sg/real-estate/virtual-giants-in-a-place-of-steep-housing-costs Australia's Westfield sells 5 US malls for US$1.1b as part of divestment plans Cape Cod town unveils tax perk to halt winter exodus http://www.businesstimes.com.sg/real-estate/cape-cod-town-unveils-tax-perk-to-halt-winter-exodus $7.6b NY apartment deal closed successfully http://www.straitstimes.com/business/76b-ny-apartment-deal-closed-successfully?login=true U.S. Eases 35-Year-Old Real Estate Tax on Foreign Investors Banks' Commercial Real Estate Lending Under Fire From Regulators |