Singapore Real Estate / Built Environment
Private home prices swing up 2.3% in Q4 on strong new launch sales, taking 2024 gain to 3.9%
Private residential property prices in Singapore rose 2.3 per cent in the fourth quarter of 2024, bringing the full-year increase to 3.9 per cent, according to flash estimates released by the Urban Redevelopment Authority (URA) on Thursday (Jan 2).
HDB resale prices continue climbing; up 2.5% in Q4 and 9.6% for 2024
Housing and Development Board (HDB) resale prices continued to rise in the last quarter of 2024, albeit at a slower pace of 2.5 per cent compared with the 2.7 per cent recorded in Q3. Resale flat prices for 2024 also rose by 9.6 per cent, HDB flash estimates indicated on Thursday (Jan 2).
https://www.businesstimes.com.sg/property/hdb-resale-prices-continue-climbing-2-5-q4-and-9-6-2024
Singapore Economy
Singapore economy grew 4% in 2024; government will continue to cushion impact of cost-of-living increases: PM Wong
Singapore’s economy grew by 4 per cent for the whole of 2024, exceeding the most recent official forecast of an expansion of around 3.5 per cent.
https://www.businesstimes.com.sg/singapore/singapores-economy-4-2024-q4-gdp-4-3
https://www.straitstimes.com/singapore/spores-economy-exceeded-expectations-grew-4-in-2024-pm-wong
https://www.zaobao.com.sg/realtime/singapore/story20250102-5675448
Singapore manufacturing expected to stay strong in 2025, though Trump trade policies cloud outlook
Singapore’s manufacturing sector is set to sustain robust growth in 2025, though expectations have been tempered by uncertainty surrounding incoming US president Donald Trump’s trade policies.
Upgraded China-S’pore free trade pact takes effect, will enhance market access for businesses
China and Singapore have upgraded a 15-year-old free trade deal to further open up their markets to investors and services suppliers on both sides, and expand cooperation in telecoms services, said Singapore’s Ministry of Trade and Industry (MTI).
Business News
Keppel delivers higher asset monetisation as it gears up for next phase of its transformation
Fund manager and operator Keppel has delivered higher asset monetisation in 2024 despite the challenging market, said chief executive officer Loh Chin Hua in a New Year’s message to employees on Wednesday (Jan 1).
https://www.zaobao.com.sg/realtime/singapore/story20250101-5672696
Chong Siew Ling is new CEO of Kingsmen Creatives
Communications and design group Kingsmen Creatives has a new chief executive officer from Jan 1, 2025. Chong Siew Ling, 64, will be responsible for the strategic leadership, corporate governance and operational management of the group’s portfolio including retail, theme parks, museums, exhibitions, events and attractions the group announced on Wednesday (Jan 1).
https://www.businesstimes.com.sg/companies-markets/chong-siew-ling-new-ceo-kingsmen-creatives
Global Economy & Real Estate
Australian house prices drop for the first time in 22 months
https://www.businesstimes.com.sg/property/australian-house-prices-drop-first-time-22-months
China defends COVID-19 data-sharing as WHO seeks more access
Xi says China’s 2024 GDP growth set to hit target of around 5%
China December factory activity expands at slower pace as trade risks rise
China’s December home sales stay flat in sign of stabilisation
https://www.businesstimes.com.sg/property/chinas-december-home-sales-stay-flat-sign-stabilisation
China’s December new home prices rise a touch faster: survey
ECB hopes to hit 2% inflation target in 2025, Lagarde says
https://www.businesstimes.com.sg/international/ecb-hopes-hit-2-inflation-target-2025-lagarde-says
Cost of living in Hong Kong: what you’ll have to pay more for in 2025
Hong Kong’s property market to maintain momentum after deals hit 3-year high
Hong Kong floats land premium offer to boost interest in 2 large sites
Hong Kong’s billionaire Cheng family seeks to sell China toll roads for US$2 billion
Billionaire Li Ka-shing’s Hutchmed in US$608 million health unit stake sales
Miami waterfront site sells for US$520 million in record land deal
https://www.businesstimes.com.sg/property/miami-waterfront-site-sells-us520-million-record-land-deal
Messi’s real estate trust debuts in Spain with 223 million euro market cap
Bank of Korea governor says monetary easing this year will be flexible
South Korea factory activity shrinks in December as firms turn pessimistic, PMI shows
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