Singapore Real Estate
GuocoLand’s Lentor Mansion achieves 75% sales at launch; prices from S$2,104 psf to S$2,478 psf
Some 400 units, or 75 per cent, of GuocoLand’s latest high-end residential development Lentor Mansion was sold over its launch weekend on Mar 15 and 16, the developer announced on Sunday (Mar 17).
https://www.businesstimes.com.sg/property/guocoland-s-lentor-mansion-achieves-75-sales-launch-prices-s-2-104-psf-s-2-478-psf
https://www.straitstimes.com/singapore/lentor-mansion-sells-75-of-available-units-at-launch-weekend
https://www.theedgesingapore.com/news/property/guocolands-lentor-mansion-achieves-75-sales-launch-prices-2104-psf
UOL, SingLand sell 31 more Watten House units at public launch; project now 74% sol
Joint venture partners UOL Group and Singapore Land Group (SingLand) have sold 133 – or 74 per cent – of the 180 units at Watten House as at Mar 16, following the sale of 31 units after the project’s official launch on Mar 2. Of the units taken up, 102 were previously sold during an exclusive private preview held last November.
https://www.businesstimes.com.sg/companies-markets/uol-singland-sell-31-more-watten-house-units-public-launch-project-now-74-sold
https://www.theedgesingapore.com/news/property/uol-singland-jv-watten-house-74-sold-its-official-launch-march-2
S-Reits continue to expand through DPU-accretive acquisitions
The combined market value of the Singapore Reits and property trusts (S-Reits) sector has grown at a compound annual rate of 6 per cent over the past 10 years at the end of 2023.
https://www.businesstimes.com.sg/companies-markets/s-reits-continue-expand-through-dpu-accretive-acquisitions
JTC to reclaim 44ha of land to expand Woodlands Checkpoint
Singapore – About 44ha of land will be reclaimed as part of works to expand the Woodlands Checkpoint – a smaller area than what was initially studied, so as to minimise the impact on the environment.
https://www.straitstimes.com/singapore/jtc-to-reclaim-44ha-of-land-to-expand-woodlands-checkpoint
Make Singapore Indoor Stadium part of Sports Hub’s future plans, say heritage advocates
Singapore – Heritage experts and members of the architectural community are calling on the authorities to incorporate the Singapore Indoor Stadium (SIS) into their plans for the Kallang Alive precinct, as the Government works out options for a new indoor arena to be built in the area.
https://www.straitstimes.com/singapore/make-singapore-indoor-stadium-part-of-sports-hub-s-future-plans-say-heritage-advocates
Why greening the building sector is a towering challenge
Synopsis: Every first and third Sunday of the month, The Straits Times analyses the beat of the changing environment, from biodiversity conservation to climate change. Who hasn’t escaped a scorchingly hot day by seeking refuge in a nicely chilled shopping centre?
https://www.straitstimes.com/singapore/environment/why-greening-the-building-sector-is-a-towering-challenge
Singapore Economy
Singapore in agreement with Jordan and Qatar on need for immediate humanitarian ceasefire in Gaza
Amman, Jordan – Singapore’s Foreign Minister Vivian Balakrishnan met his counterparts from Jordan and Qatar during a working visit to the Middle East, and they agreed on the need for an immediate humanitarian ceasefire in Gaza.
https://www.straitstimes.com/singapore/s-pore-in-agreement-with-jordan-and-qatar-on-need-for-immediate-humanitarian-ceasefire-in-gaza
https://www.todayonline.com/singapore/vivian-balakrishnan-meets-jordan-counterpart-amid-singapores-humanitarian-aid-mission-gaza-2384521
https://www.channelnewsasia.com/singapore/aid-airdrops-gaza-israel-hamas-war-humanitarian-package-rsaf-mindef-4201206
Singapore key exports surprise with 0.1% fall in February despite electronics growth
SINGAPORE’S key exports slipped 0.1 per cent on year in February, dragged down by a decrease in the non-electronics sector, data from Enterprise Singapore (EnterpriseSG) showed on Monday (Mar 18).
https://www.businesstimes.com.sg/singapore/singapore-key-exports-surprise-0.1-fall-february-despite-electronics-growth
Business News
Raffles Medical executive chair continues acquisitions, CDL leads buyback consideration
Institutions were net sellers of Singapore stocks over the five trading sessions through to Mar 14, with S$156 million of net institutional outflow, as 24 primary-listed companies conducted buybacks with a total consideration of S$35.3 million, up from the S$24.4 million in buyback consideration for the preceding five sessions.https://www.businesstimes.com.sg/companies-markets/raffles-medical-executive-chair-continues-acquisitions-cdl-leads-buyback-consideration
New Keppel Infrastructure Trust CEO wants to have his cake and eat it too
Don’t fix what’s not broken – that’s what Kevin Neo, the new chief executive officer of the trustee-manager of Keppel Infrastructure Trust (KIT), believes when it comes to the trust’s investment and growth strategy.
https://www.businesstimes.com.sg/companies-markets/new-keppel-infrastructure-trust-ceo-wants-have-his-cake-and-eat-it-too
Global Economy & Real Estate
US dollar poised for biggest weekly gain since mid-January
https://www.businesstimes.com.sg/companies-markets/us-dollar-poised-biggest-weekly-gain-mid-january
Oil: Prices dip, but set for weekly gain of over 3%
https://www.businesstimes.com.sg/companies-markets/oil-prices-dip-set-weekly-gain-over-3
Copper surges on supply threat as iron ore shows economic risks
https://www.businesstimes.com.sg/companies-markets/copper-surges-supply-threat-iron-ore-shows-economic-risks
Australia set to extend rate pause as economy enters slow lane
https://www.businesstimes.com.sg/international/australia-set-extend-rate-pause-economy-enters-slow-lane
Asia: Markets sink on rate worries as US inflation surprises
https://www.businesstimes.com.sg/companies-markets/capital-markets-currencies/asia-markets-sink-rate-worries-us-inflation-surprises
China home prices fall at slower pace as policy support mounts
https://www.businesstimes.com.sg/property/china-home-prices-fall-slower-pace-policy-support-mounts
Vanke’s sales drop most since 2018 amid mounting liquidity fear
https://www.businesstimes.com.sg/property/vanke-s-sales-drop-most-2018-amid-mounting-liquidity-fear
China struggles to arrest a 9-month slide in new home prices as cash squeeze among big developers keeps buyers on sidelines
https://www.scmp.com/business/china-business/article/3255484/china-struggles-arrest-9-month-slide-new-home-prices-cash-squeeze-among-big-developers-keeps-buyers
Palm islands developer Nakheel to merge with Meydan under Dubai Holding
https://www.businesstimes.com.sg/property/update-1-palm-islands-developer-nakheel-merge-meydan-under-dubai-holding
ECB could start rate cuts in June: De Cos
https://www.businesstimes.com.sg/international/ecb-could-start-rate-cuts-june-de-cos-says
Nato chief says climate change undermines global security
https://www.businesstimes.com.sg/international/nato-chief-says-climate-change-undermines-global-security
At sombre Cannes event, real estate elite look for hope amid gloom
https://www.businesstimes.com.sg/property/sombre-cannes-event-real-estate-elite-look-hope-amid-gloom
20 major companies to open or expand in Hong Kong this week, finance chief Paul Chan says
https://www.scmp.com/news/hong-kong/hong-kong-economy/article/3255695/20-major-companies-open-or-expand-hong-kong-week-finance-secretary-paul-chan-says?module=homepage_gba&pgtype=homepage
Hong Kong’s home prices drop in first full week after property curbs lifted
https://www.businesstimes.com.sg/property/hong-kong-s-home-prices-drop-first-full-week-after-property-curbs-lifted
Hong Kong home sales volume doubles after property curbs ditched last month but no jump in prices yet, industry leader say
https://www.scmp.com/news/hong-kong/hong-kong-economy/article/3255700/hong-kong-home-sales-jump-prices-remain-static-after-property-curbs-ditched-last-month-real-estate?module=top_story&pgtype=homepage
Hong Kong homebuyers snap up Uptown East flats worth US$179 million in Kowloon Bay, as market rebounds after curbs removal
https://www.scmp.com/business/article/3255709/hong-kong-homebuyers-snap-uptown-east-flats-worth-us179-million-kowloon-bay-market-rebounds-after?module=hp_section_hong-kong&pgtype=homepage
Hong Kong property: sale of historic Pok Fu Lam mansion for US$26.5 million signals luxury market rebound after curbs lifted
https://www.scmp.com/business/article/3255601/hong-kong-property-sale-historic-pok-fu-lam-mansion-us265-million-signals-luxury-market-rebound
Hong Kong family offices turn attention to India, following global trend towards ‘prime destination for investment’
https://www.scmp.com/business/banking-finance/article/3255553/hong-kong-family-offices-turn-attention-india-following-global-trend-towards-prime-destination
Japanese firms snap up retail spaces in Hong Kong, making the most of city’s low rents and residents’ fondness for country’s brands
https://www.scmp.com/business/article/3255688/japanese-firms-snap-retail-spaces-hong-kong-making-most-citys-low-rents-and-residents-fondness
Indonesia’s February trade surplus smallest in nine months
https://www.businesstimes.com.sg/international/indonesia-s-february-trade-surplus-smallest-nine-months
Singapore’s Patience Capital Group to reopen fund for luxury Japan ski resort as weak yen beckons
https://www.businesstimes.com.sg/companies-markets/corrected-singapore-s-pcg-reopen-fund-luxury-japan-ski-resort-weak-yen-beckons
Ikea plans to spend 300 million euros in South Korea to win market share
https://www.businesstimes.com.sg/international/asean/top-philippine-homebuilder-ayala-land-targets-rich-high-rates-hammer-middle-class
Top Philippine homebuilder Ayala Land targets the rich as high rates hammer middle class
https://www.businesstimes.com.sg/international/asean/top-philippine-homebuilder-ayala-land-targets-rich-high-rates-hammer-middle-class
Malaysians feel the pinch as the ‘shringgit’ returns – and there’s no quick fix for PM Anwar
https://www.scmp.com/week-asia/economics/article/3255576/malaysians-feel-pinch-shringgit-returns-and-theres-no-quick-fix-pm-anwar
Why an idea to nominate Chinese new villages as a Unesco site got Malaysians riled up
https://www.straitstimes.com/asia/se-asia/why-an-idea-to-nominate-chinese-new-villages-as-a-unesco-site-got-malaysians-riled-up
UK property asking prices rise at fastest pace in 10 months
https://www.businesstimes.com.sg/property/uk-property-asking-prices-rise-fastest-pace-10-months
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