Singapore Real Estate / Built Environment
Green standards of office buildings a top priority for relocating companies
As business needs change, some companies relocate from one building to another even though there are hefty costs involved. For instance, a business may shift because it is expanding and has a larger headcount.
https://www.businesstimes.com.sg/property/green-standards-office-buildings-top-priority-relocating-companies
18 industry leaders appointed as first workplace safety & health advocates
Singapore – A new initiative aims to reward contractors and sub-contractors that dedicate effort and funds to improving workplace safety and health (WSH) practices.
https://www.straitstimes.com/business/18-industry-leaders-appointed-as-first-workplace-safety-health-advocates-to-motivate-smes
https://www.zaobao.com.sg/news/singapore/story20240911-4694656
Trio of industrial assets sitting on land lease of 11 years up for sale
Three industrial properties in the Tuas South industrial hub are on the market for a combined indicative price of S$36 million, said marketing agent JLL on Wednesday (Sep 11).
https://www.businesstimes.com.sg/property/trio-industrial-assets-sitting-land-lease-11-years-sale
7 in 10 Apac business leaders expecting their commercial real estate budgets to increase between now and 2030: JLL
Business leaders in Asia-Pacific (Apac) are optimistic about the future, with 7 in 10 anticipating their commercial real estate budgets to increase between now and 2030.
https://www.businesstimes.com.sg/property/7-10-apac-business-leaders-expecting-their-commercial-real-estate-budgets-increase-between-now-and
Singapore Economy
Chee Hong Tat calls on India to discuss an open air services agreement with my country
Singapore has opened up unrestricted third and fourth freedom rights to many countries. Minister of Transport and Second Minister of Finance Chee Hong Tat called on India to explore the opening of air services agreements with my country, which is mutually beneficial for both countries, allowing airlines in both countries to better respond to market demand and passengers to benefit from more travel options.
https://www.zaobao.com.sg/news/singapore/story20240911-4695748
Pope Francis arrives in Singapore for final leg of Asia-Pacific tour
Singapore: Pope Francis touched down in Singapore on Wednesday afternoon (Sep 11) for the last stop of his four-nation visit to the Asia-Pacific region. The plane carrying the Vatican delegation landed at Changi Airport at around 2.50pm, having arrived from the Timor-Leste capital of Dili.
https://www.channelnewsasia.com/singapore/pope-francis-singapore-roman-catholic-church-archdiocese-asia-pacific-vatican-4598111
https://www.straitstimes.com/singapore/watch-pope-francis-arrives-in-singapore-for-3-day-state-visit
https://www.businesstimes.com.sg/singapore/pope-francis-arrives-singapore-3-day-state-visit
https://www.todayonline.com/news/pope-francis-arrives-singapore-final-leg-asia-pacific-tour-2481271
https://www.zaobao.com.sg/news/singapore/story20240911-4683250
https://www.scmp.com/news/asia/southeast-asia/article/3278135/pope-francis-lands-singapore-final-stop-12-day-asia-pacific-tour
Economists’ 2024 growth forecast for Singapore rises to 2.6%, but manufacturing expectations fall: survey
Private-sector economists’ median forecast for full-year 2024 growth rose to 2.6 per cent, from 2.4 per cent previously, in the latest quarterly survey of professional forecasters published by the Monetary Authority of Singapore (MAS) on Wednesday (Sep 11).
https://www.businesstimes.com.sg/singapore/economists-2024-growth-forecast-singapore-rises-2-6-manufacturing-expectations-fall-survey
https://www.straitstimes.com/business/economists-raise-singapore-s-2024-growth-forecast-to-26-mas-survey
Opportunities for S’pore as family offices look to hire outside talent amid wealth transfer to heirs
Singapore – Single family offices (SFOs) in the Asia-Pacific, including Singapore, are recognising increasingly that such offices are sometimes best led by a professional from outside the family office.
https://www.straitstimes.com/business/opportunities-for-s-pore-as-family-offices-look-to-hire-outside-talent-amid-wealth-transfer-to-heirs
Business News
GIC, Hillhouse in talks to invest in Midea’s Hong Kong IPO: sources
Singapore sovereign wealth fund GIC and alternative asset manager Hillhouse Investment are considering investing in appliance maker Midea Group’s Hong Kong listing, sources said.
https://www.businesstimes.com.sg/companies-markets/consumer-healthcare/gic-hillhouse-talks-invest-mideas-hong-kong-ipo-sources
Sabana Reit’s former tenant enters liquidation; Reit manager to mitigate losses
The former master tenant of Sabana Industrial Real Estate Investment Trust’s (Reit) : M1GU 0% premises at 33 and 35 Penjuru Lane has started the necessary process to enter into a creditors’ voluntary liquidation.
https://www.businesstimes.com.sg/companies-markets/sabana-reits-former-tenant-enters-liquidation-reit-manager-mitigate-losses
https://www.theedgesingapore.com/news/reits/sabana-reit-announces-update-21-mil-claim-against-tenant-kleio-one-solution
Global Economy & Real Estate
Fed seen cutting policy rate by 25 bps next week
https://www.businesstimes.com.sg/international/fed-seen-cutting-policy-rate-25-bps-next-week
US consumer prices rise moderately in August
https://www.businesstimes.com.sg/international/us-consumer-prices-rise-moderately-august
https://www.straitstimes.com/business/economy/us-consumer-inflation-eases-more-than-expected-in-august
US 30-year mortgage rate slides to lowest since February 2023
https://www.businesstimes.com.sg/property/us-30-year-mortgage-rate-slides-lowest-february-2023
China condemns US over Bill that could shut Hong Kong trade offices
https://www.businesstimes.com.sg/international/china-condemns-us-over-bill-could-shut-hong-kong-trade-offices
Confidence of US firms in China wanes as record numbers cut investments amid hardships
https://www.scmp.com/economy/global-economy/article/3278127/confidence-us-firms-china-wanes-record-numbers-cut-investments-amid-hardships
China has the savings to deal with property crisis, with no global spillover: economist
https://www.scmp.com/economy/china-economy/article/3278101/china-has-savings-deal-property-crisis-no-global-spillover-economist
Indonesia’s dwindling middle class seen dimming economic outlook
https://www.businesstimes.com.sg/international/asean/indonesias-dwindling-middle-class-seen-dimming-economic-outlook
Japan’s August wholesale inflation slows, takes pressure off BOJ
https://www.channelnewsasia.com/business/japans-august-wholesale-inflation-slows-takes-pressure-boj-4602811
https://www.businesstimes.com.sg/international/japans-producer-inflation-slows-first-time-eight-months
South Korea’s jobless rate dips to record low as central bank mulls rate cut
https://www.businesstimes.com.sg/international/south-koreas-jobless-rate-dips-record-low-central-bank-mulls-rate-cut
South Korea household borrowing posts biggest jump in over three years
https://www.channelnewsasia.com/business/south-korea-household-borrowing-posts-biggest-jump-over-three-years-4600521
UK economy stagnates unexpectedly in growth challenge for new government
https://www.businesstimes.com.sg/international/uk-economy-stagnates-unexpectedly-growth-challenge-new-government
https://www.straitstimes.com/business/uk-economy-unexpectedly-stagnates-for-second-month-in-july
UK pay settlements lowest in nearly two years, IDR survey shows
https://www.businesstimes.com.sg/international/uk-pay-settlements-lowest-nearly-two-years-idr-survey-shows
UK to class data centres as ‘critical national infrastructure’
https://www.channelnewsasia.com/business/uk-class-data-centres-critical-national-infrastructure-4602731
UK housing market recovered further in August: RICS survey
https://www.businesstimes.com.sg/property/uk-housing-market-recovered-further-august-rics-survey
https://www.straitstimes.com/business/property/uk-housing-market-recovered-further-in-august-rics-survey-shows
British country house hotels, without the folderol
https://www.businesstimes.com.sg/property/british-country-house-hotels-without-folderol
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