Daily Briefing: Govt may still relax property curbs; DBS chief gets biggest pay boost

And Sotheby’s International Realty expands into Singapore.

Consultants believe the government will tweak the measures if condo prices drop significantly. Experts still believe the government may ease its property cooling measures later this year or in early 2017, despite the lack of goodies announced for the property sector in Budget 2016, and the higher foreign worker levies in the construction sector. Read more here.

Piyush Gupta, DBS Group Holdings Ltd.’s chief executive officer, got the biggest pay raise in 2015 for CEOs at Singapore’s three biggest banks, pushing him past United Overseas Bank Ltd.’s Wee Ee Cheong as the highest compensated among the bosses. Gupta’s total remuneration climbed 7.9 percent to S$10.9 million ($8.1 million) after his bonus jumped 8.6 percent, according to DBS’s annual report released Wednesday. Find out more here.

Sotheby’s International Realty Affiliates LLC, a firm specializing in marketing luxury properties, announced on Wednesday, 30 March, that it has signed a contract with List Holdings Singapore to develop the Sotheby’s brand in the city-state. List Holdings Singapore is owned by the same company that operates List Sotheby’s International Realty in Japan and Hawaii. Read more here.

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