Daily Briefing: Concluded en bloc sales since 2016 could build 25,000 new homes; NTUC to support reskilling of transport workers worldwide

And ST Engineering wins $5.5m Singapore contract to test smart lamp-post.

From iCompareLoan:

Concluded collective sales since 2016 could generate around 25,000 new homes from 2021 onwards, Colliers International head of research for Singapore Tricia Song said.

Coupled with the moderate government land sales sites over the past two years, the upcoming supply of new units in the medium term does not look excessive as long as economic fundamentals remain sound,” Song noted. 

“Given that developers have exercised more restraint in bidding for collective sale sites in recent months, the launch pipeline should remain fairly sustainable over the next 3-4 years, and we do not think developers necessarily need to embark on deep price cuts to sell units especially if the new launches are paced out evenly,” she added.
The minister for national development said in early October that it was premature to say if the property cooling actions introduced on July 5 achieved its intended objectives of moderating Singapore private home prices.

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From Reuters:

Singapore Technologies Engineering has won a S$7.5 million ($5.5 million) contract for the trial of a smart lamp-post project in Singapore, which includes fitting sensors and cameras to posts in the city-state, according to the government’s official tender website.

The project is part of a broader “Smart Nation” plan developed by the Singapore government to use cutting-edge technology, designed to improve people’s lives while promising sensitivity to privacy concerns.

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From Channel News Asia:

The Ong Teng Cheong Labour Leadership Institute (OTCi) which is the training arm of the National Trades union Congress (NTUC) will partner with the International Transport Workers’ Federation to aid skills improvement for workers amidst automation in the transport industry globally.

The two agencies will conduct research into Singapore’s model of helping the workforce cope with the digital transformation, said ITF general secretary Stephen Cotton.
The ITF will put in an estimated S$906,000 over the next three years for the programme, he said.

The agreement will be signed at the 44th Congress of the International Transport Workers' Federation, which is being held in Singapore this week.

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