Sg ppty

22,000 private ppty and 29,000+ hdb coming in 2016
Resale up from 5000 in 2014 to 6000 in 2015
$1.5bn of QC and ABSD charges to be imposed on developers
SingHaiyi group - wanted to dispose of City Suites in Balestier but was rejected by authorities
More developers needing to cut prices to avoid punitive financial charges
SIBOR to rise from 1.5% to 2% by end 2016
5-10% of households with debt servicing ratio above 60% could be vulnerable to rising interest rates
Total employment growth slowed to 1%
Redundancies at 14,400

SCB paid to Citi

14m yen SCB to Citi @81.1

USD 35 + SGD 215 txn fee

original 59m
Citi 45m
SCB 14m

ideal
SCB 14m
Philip 7m
Paid down 5m
Citi 33m

Yen at SCB

7m more initiated at 81.5

Japanese lawyers

average income of lawyers is about $80k in 2014 vs $160k in 2006

No. of cases 90k but no, of lawyers grew from 23,000 to 36,000

But per capita still very low

29 per 100k

vs

US 377
UK 240
Germany 202
France 91

Timetable