Chart of the Day
Where do the mass and affluent Singaporeans spend their money?
Where do the mass and affluent Singaporeans spend their money?
Mass market consumers spend a higher portion of their wallet (5.04% vs 2.22%) on essentials.
Decline in EP holders slows demand for private residential homes in 2H23
As of June 2023, EP holders only increased by 10,000, lower than the 25,600 uptick in 2022.
Do loyalty programmes influence Singaporeans’ flight booking decisions?
Six in 10 consumers are members of at least one airline loyalty programme.
4 in 10 accounting and bookkeeping firms added advisory services over a year ago: report
Client demand is pushing firms to offer more advisory services.
Succession: Entrepreneurs reveal their preferred choices for wealth allocation
Singaporean investors are more likely to invest in future businesses.
2024 launches to yield up to 8,800 units
The 2024 figure will be 15.8% higher than units launched in 2023.
Million-dollar HDB flat sales set to exceed 450 in 2023
The 2023 sales will be about 25% higher than 2022’s sales.
Battle of SVODs: Netflix remains king in Singapore
The streaming giant’s market share increased by 1% by the end of September.
5 in 10 employees confident in keeping jobs in Singapore post-overseas relocation
In the next five years, Singaporeans also believe they can work remotely from anywhere.
CCR sees surge in resales of properties priced $5m and below
Properties priced $5m and below accounted for 95.5% of resale transactions in the CCR.
Skipping the Festive Frenzy: 3 in 10 Singaporeans forego seasonal shopping
Of those who shop for the holidays, 28% do so 3-4 weeks early.
High-end non-landed home price growth momentum slows
It grew by 0.4% QoQ in the third quarter of 2023.
Demand for residential properties falls 14.4% QoQ in 3Q23
Supply likewise dipped during the quarter.
Singapore ranks 28th on the list of best countries to work remotely
Digital and physical infrastructure makes SG an appealing remote work destination.
Islandwide vacancy rates for business parks inches up to 19.5% in 3Q23
The poor take-up rate in the East Planning Region affected vacancy levels.
SG’s deal volume drops 21.3% YoY in January-October 2023 period
The decline in deals was also observed across multiple APAC markets.
Shophouse transactions fall 24.5% YoY in 9M23
Transaction value likewise fell, dropping 17.1% YoY.
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