Global bond funds faced huge outflows in the week to October 4, driven by concerns over sustained high interest rates because of elevated inflation levels and a robust U.S. economy. U.S. job openings unexpectedly increased in August, pointing to a still-tight labour market that could compel the Federal Re
Global bond funds faced huge outflows in the week to October 4, driven by concerns over sustained high interest rates because of elevated inflation levels and a robust U.S. economy.
Intense selling by investors pushed yields on the benchmark 10-year US Treasury bonds, which move inversely to prices, to a fresh 16-year high of 4.884 per cent this week. On the other hand, investors channelled investments into the safety of government bond funds, which attracted $1.04 billion during the week.
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Singapore retail sales increase 4% in August; F\u0026B numbers up againSINGAPORE: Singapore\u0027s retail sales in August rose 4 per cent year-on-year, extending the 1.3 per cent increase in July, according to figures released by the Department of Statistics (SingStat) on Thursday (Oct 5). Excluding motor vehicles, retail sales rose 3.7 per cent, higher than the 0.6 per cent
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October 2023 HDB BTO launch review: Ultimate guide to choosing the best unitFor those who've been used to the timely launches, it might seem a little strange (or surprising) to see an October BTO launch. This time, HDB has launched 6,800 BTO flats across four key areas: Choa Chu Kang, Kallang/Whampoa, Queenstown, and Tengah. The best part? About 75 per cent of these homes are expected to be ready in four years...
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Interest rates and returns for Singapore Savings Bonds (SSB) in October 2023With the increased attention towards personal assets, people are looking to strengthen their portfolios by investing in low-risk bonds. Learn more about Singapore Savings Bond (SSB), a bond with a steady rise in interest rates with no capital loss! The Singapore Savings Bond (SSB) is a bond fully backed by the Singapore Government. No capital loss will be incurred and...
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Exclusive-China to receive most of record ICE sugar October delivery -tradersNEW YORK : Most of the record physical delivery of sugar by commodities traders at the expiration of the October futures contract at the Intercontinental Exchange (ICE) last week will head to China, according to two traders with knowledge of the deals. Wilmar International - the Singapore-based food trade
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October BTO exercise: Which project will see the biggest demand?\u003Cp\u003E\u003Cstrong\u003EExperts expect a higher number of applicants for the October BTO exercise.\u003C/strong\u003E\u003C/p\u003E\n\u003Cp\u003EReal estate experts expect the October BTO exercise to receive healthy demand from Singaporeans despite the new non-selection rules and estate reclassification imposed by the government.\u003C/p\u003E\n\u003Cp\u003E“Overall demand will likely be healthy as many good sites near MRT stations or at the city fringe areas have been released,” OrangeTee said.\u003C/p\u003E\n\u003Cp\u003EHuttons echoed this, saying: “The attractive locations of these BTOs may mean that there will be more applicants for each flat. There may also be more applicants applying for standard flats in mature estates which do not have restrictions like PLH flats. Overall the number of applicants may be higher for Oct BTO exercise.”\u003C/p\u003E\n\u003Cp\u003EHuttons and OrangeTee, however, did not discount the effects of the new non-selection rules and estate reclassification.\u003C/p\u003E\n\u003Cp\u003E“Due to the tightened rules for the non-selection of BTO flats, we expect a drop in applicants since those not ready to commit to a purchase or are uncertain about their buying decision will unlikely apply for a flat now. These may include young couples unprepared for marriage or considering other housing options,” Orangetee said.\u003C/p\u003E\n\u003Cp\u003E“Young couples who do not want to jeopardise their future chances of getting a well-located flat will likely not apply flippantly now,” OrangeTee added.\u003C/p\u003E\n\u003Cp\u003ESince there will be fewer applicants to apply after the non-selection penalty rule kicks in, OrangeTee expects “serious buyers and first-time families to have a higher chance of getting a flat.”\u003C/p\u003E\n\u003Cp\u003E“First-time families with children are given an extra ballot, and more flats will be set aside. However, this group of buyers may be small,” OrangeTee said.\u003C/p\u003E\n\u003Cp\u003EThe reclass
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HDB launches 6,800 flats in October BTO exercise\u003Cp\u003E\u003Cstrong\u003ESeventy-five per cent of the flats have a waiting time of four years or below.\u003C/strong\u003E\u003C/p\u003E\n\u003Cp\u003EThe Housing and Development Board (HDB) launched 6,800 flats for sale under the October Build-To-Order (BTO) exercise.\u003C/p\u003E\n\u003Cp\u003EThe eight BTO projects are located in Choa Chu Kang, Kallang/Whampoa, Queenstown, and Tengah. Six out of eight projects, or about 75% of the flats, have a waiting time of four years or below.\u003C/p\u003E\n\u003Cp\u003EHDB will offer the other two projects located in Verandah Kallang and Tanglin Halt Cascadia under the Prime Location Housing (PLH) model, which requires its owners 6% return upon resale.\u003C/p\u003E\n\u003Cp\u003EHDB will reserve 20% of the PLH flats for first-timer families and 2% for second-timer families under the Married Child Priority Scheme.\u003C/p\u003E\n\u003Cp\u003EFlat prices range from $106,000 to $530,000 in non-mature estates. For mature estates, prices range from $176,000 to $480,000. Prices vary on the number of rooms per unit.\u003C/p\u003E\n\u003Cp\u003EInterested applicants must have a valid HDB Flat Eligibility (HFE) letter. Applications can be made online via HDB Flat Portal from 4 October to 10 October.\u003C/p\u003E
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