More bookings for hotels near Padang for National Day, and other Singapore news

For PropertyGuru’s real estate news roundup, we celebrate the 59th National Day of Singapore. Majulah Singapura!

Room bookings at some hotels surge ahead of Singapore’s National Day celebrations

Room bookings at some hotels close to the Padang – the venue for the National Day Parade for two years running – have risen more than 20 percent compared with last year, as Singapore’s 59th birthday approaches on Friday (9th August).

As per CNA’s report, the annual celebration has been a boost for Fairmont Singapore and Swissotel The Stamford. Guests there can get a bird’s eye view of the Padang – the location of this year’s NDP. With several days of NDP rehearsals and preview shows having been held over the past two months, both hotels have also capitalised on demand from locals and tourists by offering room packages with dining credits.

“From all our rooms with balconies, you can see the Padang and you can see the fireworks,” said Mr William Haandrikman, managing director of both Fairmont and Swissotel.

M1 enhances 5G network with AI-powered automation

Singapore’s mobile network operator, M1, has planned to enhance the capacity and performance of its 5G Standalone (SA) network. It is conducting a proof of concept for both IP and microwave networks. This will allow the company to test and validate the capabilities of AI and machine learning in managing and optimising networks.

iTnews Asia reports that M1 aims to leverage real-time observability and software-defined networking (SDN) automation to optimise network resources, reduce latency, and improve overall connectivity. It has signed a Memorandum of Understanding (MoU) with Ericsson to utilise the AI-powered Transport Automation Controller solution.

Securing a home loan in Singapore: Easy 5-step guide and how long it takes

Securing a new home loan in Singapore or refinancing an existing mortgage can be a complex process for homeowners. With the multiple steps in the mortgage loan process, differing paperwork required, and varying home loan packages on the market, it can be time-consuming and difficult to get a new home loan.

To help you, PropertyGuru Singapore put together this guide to take you step by step through the entire mortgage loan process. We will include the typical home loan processing time, from the initial mortgage application to the final approval.

As a bonus, we’ll show you how PropertyGuru Finance is a one-stop online portal where you can seamlessly and quickly secure your new home loan in 5 easy steps.

The Property Report editors wrote this article. For more information, email: [email protected].