Singapore Real Estate / Built Environment
Address challenges facing collective sales to promote urban renewalIn land-scarce Singapore, collective or en bloc sales play a crucial role in urban renewal, complementing government land sales, by breathing new life into ageing private properties to keep pace with evolving urban needs. This process maximises land use, revitalises communities and keeps urban areas adaptable, ultimately fostering a dynamic and vibrant cityscape.
https://www.businesstimes.com.sg/property/bt-property-week-nov-2024/address-challenges-facing-collective-sales-promote-urban-renewal
Real estate owners need to get ahead in the net-zero race. Here’s how
Globally, and especially in Singapore, the race to net zero is well under way. The Republic has raised its national climate target to achieve net-zero emissions by 2050, as part of its long-term low-emissions development strategy. To reach the target, steps must be laid out for both commercial real estate owners and occupiers.
https://www.businesstimes.com.sg/property/bt-property-week-nov-2024/real-estate-owners-need-get-ahead-net-zero-race-heres-how
Dissecting foreign buying in Singapore homes, after three ABSD hikes
As a key hub for Asian finance and trade, Singapore is an important destination for real estate investors. The Singapore residential market has enjoyed healthy support from global investors – both Singapore permanent residents (PRs) and foreigners – since 2009 with the opening of the two integrated resorts, Marina Bay Sands and Resort World Sentosa.
https://www.businesstimes.com.sg/property/bt-property-week-nov-2024/dissecting-foreign-buying-singapore-homes-after-three-absd-hikes
Singapore Economy
GIC will remain invested in the US even as geopolitical rivalries intensify: SM Lee
Singapore’s sovereign wealth fund GIC still believes in the long-term potential of the US economy and will continue to invest in it despite intensifying global tensions that make investment decisions more difficult, said Senior Minister Lee Hsien Loong.
https://www.straitstimes.com/business/gic-will-remain-invested-in-the-us-even-as-geopolitical-rivalries-intensify-sm-lee
https://www.businesstimes.com.sg/singapore/gic-believes-long-term-potential-us-even-estimating-returns-becomes-harder-sm-lee
https://www.channelnewsasia.com/singapore/gic-believes-us-long-term-potential-sm-lee-hsien-loong-investment-4748286
S’pore firms captured $5.45 billion in venture capital in first 9 months of 2024 despite slump
Singapore – Despite a slump in funding, Singapore’s venture capital market remained active in the first nine months of 2024. Firms headquartered in the Republic raised US$4.05 billion (S$5.45 billion) across 369 deals in the nine months ending September 2024, down slightly from US$4.3 billion and 410 deals in the same period in 2023, according to a report by Enterprise Singapore and research firm Pitchbook issued in November.
https://www.straitstimes.com/business/companies-markets/singapores-venture-capital-market-remained-active-in-2024-despite-dip-in-funding-availability
Singapore jumps two places to top the world digital competitiveness ranking after seven years
In the latest world digital competitiveness ranking, Singapore topped the list, rising two places from last year. This is the first time in seven years that Singapore has returned to the top of the list.
https://www.zaobao.com.sg/news/singapore/story20241114-5346794
https://www.scmp.com/news/hong-kong/hong-kong-economy/article/3286511/hong-kong-rises-no-7-digital-competitiveness-ranking-singapore-takes-top-spot
Business News
Frasers Logistics & Commercial Trust’s outlook revised to negative
Frasers Logistics & Commercial Trust (FLCT) announced after the market closed on Thursday (November 14) that the trust’s outlook rating has been downgraded to negative.
https://www.zaobao.com.sg/realtime/singapore/story20241114-5348822
Tuan Sing to redevelop Melbourne properties with Grand Hyatt hotel asset
Tuan Sing has submitted a town planning application for a major mixed-use development of its properties at 121 to 131 Collins Street, and 23 to 25 George Parade, in Melbourne, Australia.
https://www.businesstimes.com.sg/companies-markets/tuan-sing-redevelop-melbourne-properties-grand-hyatt-hotel-asset
Global Economy & Real Estate
Fed chairman Jerome Powell calls US the best-performing major economy in the world
https://www.straitstimes.com/business/economy/fed-chairman-jerome-powell-calls-us-the-best-performing-major-economy-in-the-world
US weekly jobless claims fall; unemployment rolls shrink
https://www.businesstimes.com.sg/international/us-weekly-jobless-claims-fall-unemployment-rolls-shrink
US producer inflation edges higher in October
https://www.businesstimes.com.sg/international/us-producer-inflation-edges-higher-october
How US businesses are buying more to prepare for looming Trump tariffs
https://www.straitstimes.com/business/invest/how-us-businesses-are-buying-more-to-prepare-for-looming-trump-tariffs
Boeing shows why squeezing workers is reckless
https://www.straitstimes.com/business/invest/boeing-shows-why-squeezing-workers-is-reckless
Australia’s employment growth slows but no rate cuts expected until mid 2025
https://www.businesstimes.com.sg/international/australias-employment-growth-slows-no-rate-cuts-expected-until-mid-2025
To unlock more global capital, Apac real estate markets need to continue building on transparency
https://www.businesstimes.com.sg/property/bt-property-week-nov-2024/unlock-more-global-capital-apac-real-estate-markets-need-continue-building-transparency
Eurozone employment ticks up, GDP growth figure confirmed
https://www.businesstimes.com.sg/international/eurozone-employment-ticks-gdp-growth-figure-confirmed
Eurozone industrial production falls more than expected in Sep
https://www.businesstimes.com.sg/international/eurozone-industrial-production-falls-more-expected-sep
Hong Kong ombudsman to probe slope safety amid concerns over landslide risks
https://www.scmp.com/news/hong-kong/society/article/3286551/hong-kong-ombudsman-probe-slope-safety-amid-concerns-landslide-risks
Indonesia’s finance minister defends plan to raise value added tax in January
https://www.businesstimes.com.sg/international/asean/indonesias-finance-minister-defends-plan-raise-value-added-tax-january
Japan’s economy expands annualised 0.9% in July-Sept
https://www.channelnewsasia.com/business/japans-economy-expands-annualised-09-july-sept-4749096
Manhattan apartment rents rise to highest level since July
https://www.businesstimes.com.sg/property/manhattan-apartment-rents-rise-highest-level-july
Trump election boosts UK inflation risks, Bank of England’s Mann says
https://www.businesstimes.com.sg/international/trump-election-boosts-uk-inflation-risks-bank-englands-mann-says
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