Singapore Real Estate / Built Environment
Building and Construction Authority’s new guidelines to promote an inclusive built environment receive positive response from the industry
The revised Building and Construction Authority’s Code of Practice for the Built Environment has received positive responses from professionals in various fields.
https://www.zaobao.com.sg/news/singapore/story20250501-6220984
SP Tao’s family selling its offices in SGX Centre 2 for S$39.5 million
The family of the late tycoon SP Tao is selling its space on the top two levels of the 29-storey SGX Centre 2 in Shenton Way for a total of S$39.5 million.
Old shopping malls are no longer popular? Lucky Plaza Orchard Road’s popular shop sold for $10.5 million
As long as the location is good, old shopping malls are still popular. Among the 20 highest resale prices last year for strata-titled shopping malls with a minimum age of 40 years, 14 were in the Central District, with Lucky Plaza being the most popular among investors
https://www.zaobao.com.sg/finance/singapore/story20250501-6058200
Singapore News / GE 2025
Highlights: PM Wong at May Day Rally 2025
May Day Rally 2025: 8 things Singapore will do to tap opportunities amid the storm
Prime Minister Lawrence Wong delivers the keynote speech.
https://www.straitstimes.com/live-singapore-may-day-rally-2025
NTUC will collaborate with tripartite partners to protect all workers from tariff impact
The National Trades Union Congress (NTUC) is closely monitoring the impact of the global tariff situation on workers, and – as part of the Singapore Economic Resilience Taskforce – will work with tripartite partners to support them.
GE2025: Eight parties deliver campaign messages in final political broadcast
GE2025: Final day of campaigning for Singapore’s 14th General Election, as it happened
Eight political parties delivered their final campaign messages on Thursday (May 1) in political broadcasts on free-to-air television and radio.
https://www.channelnewsasia.com/singapore/ge2025-campaigning-day-9-general-election-5085676
https://www.zaobao.com.sg/realtime/singapore/story20250501-6269049
GE2025: What you need to know about the cooling-off period
The day before Polling Day is known as Cooling-off Day, during which campaigning activities and election advertising are not allowed.
https://www.businesstimes.com.sg/singapore/ge2025-what-you-need-know-about-cooling-period
https://www.zaobao.com.sg/realtime/singapore/story20250501-6274042
Business News
CapitaLand Investment’s total revenue falls 24% to S$496 million in Q1
CapitaLand Investment (CLI) reported a total revenue of S$496 million for the first quarter ended Mar 31, down 24 per cent from S$650 million in the corresponding period of the year before.
https://www.zaobao.com.sg/realtime/singapore/story20250430-6270766
Mapletree Industrial Trust Q4 DPU flat at S$0.0336
Mapletree Industrial Trust (MIT) on Wednesday (Apr 30) posted a distribution per unit (DPU) of S$0.0336 for the fourth quarter ended Mar 31, unchanged from the same period last year.
https://www.businesstimes.com.sg/property/mapletree-industrial-trust-q4-dpu-flat-s0-0336
https://www.zaobao.com.sg/realtime/singapore/story20250430-6271510
Global Economy / Real Estate News
A month after Trump’s tariff madness, shock waves are still being felt around the world
Trump struggles to explain weak economic data as he reaches 100-day mark
US economy contracts in the first quarter; tariffs unleash flood of imports
US manufacturing sectors’ slump deepens in April
https://www.businesstimes.com.sg/international/us-manufacturing-sectors-slump-deepens-april
US consumer spending surges in March, inflation cools
https://www.businesstimes.com.sg/international/us-consumer-spending-surges-march-inflation-cools
Australia’s core inflation slows to 3-year low in Q1, supports May rate cut
Australia boasts rare trade surplus with US on gold frenzy
https://www.businesstimes.com.sg/international/australia-boasts-rare-trade-surplus-us-gold-frenzy
Big price hikes undercut Trump bet China will absorb tariffs
China’s factory activity falls sharply as Trump tariffs bite
https://www.channelnewsasia.com/east-asia/china-manufacturing-shrink-april-trade-war-bites-5098841
Chinese set to spend record US$1 trillion in local travel boom
China’s April resale home prices fall as more properties put up for sale: report
Eurozone economy expands faster than forecast but faces trade war hit
Eurozone consumers happy to ditch US products if hit by tariffs: ECB study
European real estate recovery thrown off course by Trump uncertainty
Hong Kong finance chief revises budget deficit to HK$80.3 billion, down 8%
How far will Hong Kong’s minimum wage rise of 5.25% go in helping workers?
Negative equity cases in Hong Kong’s real-estate market hit a new high
CK Asset set to launch Kai Tak project this quarter, sees 5% rise in home prices
BOJ keeps rates steady, cuts growth forecasts on US tariffs hit
Japan’s factory activity falls on US tariff worries
https://www.businesstimes.com.sg/international/japans-factory-activity-falls-us-tariff-worries
New Zealand business confidence falls in April amid tariff concerns
Office loan trouble signal problems ahead for a US$650 billion bond market
South Korea approves bigger extra budget of $9.7 billion as economy falters
South Korea April inflation +2.1% y/y, slightly above forecast
South Korea’s export growth stalls as US tariffs sap demand
Taiwan’s economy beats estimates on pre-tariff export rush
Thailand finance ministry cuts 2025 growth forecast to 2.1%
Thailand’s central bank cuts rate again; economy could face recession as US tariffs loom
Thai factory output falls 0.66% y/y in March; drop smaller than forecast
UK student homes taking longer to fill on weaker overseas demand
https://www.businesstimes.com.sg/property/uk-student-homes-taking-longer-fill-weaker-overseas-demand
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