Residential
New sales of private home increased by 10% in H1
New private home sales halved to 536 units in June from 1,058 units in May as new launches dried up amid the June school holidays. However, some market watchers believe that market is close to bottoming out as the June sales figure is 42.9 per cent higher than a year ago, signaling a more positive outlook.
(Source: Business Times)
Commercial
Coldwell Banker adds 7 franchisees
US real estate franchisor Coldwell Banker has signed up seven more franchisees in Singapore, bringing the total count to 11. The 11 franchisees have 66 salespeople. The group aims to assist small-scale and growing real estate agencies to form a bigger platform, in hopes of leading to economies of scale in training and other activities.
(Source: Business Times)
Surbana Jurong to set up Sri Lanka consultancy
Surbana Jurong has signed a memorandum of understanding (MOU) with Sri Lanka’s investment promotion agency to set up a technical consultancy services company. The consultancy will provide professional services to help in the urbanisation and infrastructure projects in Sri Lanka and overseas. Surbana Jurong Group CEO Wong Heang Fine hopes to tap on and build up a core local Sri Lankan technical base.
(Source: Business Times)
