Singapore digest news (03.07-08.07)

Housing in Singapore fell in price for the first time in three years

In Q2 2023, housing in Singapore fell in price by 0.4% in the previous quarter, the first price decline in three years.

In the first quarter, the house price index rose by 3.3%. Housing in Singapore, one of the world's most expensive cities, has started to get cheaper after several rounds of government measures since late 2021.

"We will continue to monitor the property market closely and adjust our policies as necessary," said Desmond Lee, Singapore's national development minister.


DPM Lawrence Wong to replace Tharman Shanmugaratnam as MAS chairman

Deputy Prime Minister Lawrence Wong will replace Senior Minister and Coordinating Minister for Social Policies Tharman Shanmugaratnam as chairman of the Monetary Authority of Singapore (MAS).


All primary school fees for Singaporeans can be covered by Edusave from 2024

Singaporean primary school students at government and government-aided schools will not have to pay any out-of-pocket fees from 2024, when enhancements are made to the Edusave scheme and the MOE Financial Assistance Scheme (FAS). The Ministry of Education (MOE) announced on Wednesday (Jul 5) that Edusave and FAS will be extended to fully cover all miscellaneous fees from 2024, instead of only a portion of them.


New and refreshed SkillsFuture programmes help companies, workers update digital skills

Minister for Education Chan Chun Sing, speaking on Tuesday (Jul 4) at the annual SkillsFuture Forum, said there would be new and refreshed schemes to get workers to upgrade their skills and go digital.

The SkillsFuture for Digital Workplace (SFDW) programme, introduced in 2017, is being relaunched as SFDW 2.0. It focuses on four key areas – automation, cybersecurity risk, data analytics and in-demand digital tools.


Singapore is top city in Global Wealth Lifestyle Index

This is the first time that Singapore topped the index. Asia's status as the centre for the wealthy was highlighted in the latest 2023 Global Wealth Lifestyle Index as Singapore, Shanghai, and Hong Kong topped the list.