Singapore Real Estate / Built Environment
Tighten en bloc rules, encourage reuse so more private housing blocks stand for over 50 years
The Republic’s skyline today is filled with many modern skyscrapers. As the population and the economy grow, expect more new buildings to emerge to meet growing needs for spaces to live, work and play.
HDB resale prices rise at a slower 0.9% pace in Q2: flash data
Housing and Development Board (HDB) resale prices continued to rise in the second quarter of 2025, but at a slower pace of 0.9 per cent compared with 1.6 per cent in Q1.
https://www.businesstimes.com.sg/property/hdb-resale-prices-rise-slower-0-9-pace-q2-flash-data
Singapore News
Singapore and Maldives to cooperate on sustainability
Singapore and the Maldives – both small island countries vulnerable to climate change – have signed an agreement to work together on sustainability and the environment.
https://www.straitstimes.com/singapore/singapore-and-maldives-to-cooperate-on-sustainability
https://www.zaobao.com.sg/realtime/singapore/story20250630-7029705
Anti-scam law that lets police freeze potential victims’ bank accounts to kick in on Jul 1: MHA
Singapore police will soon be able to restrict bank transfers of individuals suspected of being scam targets to better protect them, said the Ministry of Home Affairs (MHA). This comes as an anti-scam law passed in Parliament on Jan 7 will come into force on Tuesday (Jul 1).
CCCS widens protection mandate to cover consumer product safety, legal metrology
The Competition and Consumer Commission of Singapore (CCCS) will expand its regulatory functions and take over consumer product safety and weights and measures compliance matters currently managed by Enterprise Singapore (EnterpriseSG).
Singapore electricity, gas prices to fall for July to September on lower fuel costs
Households may get lower electricity and gas prices for the months of July to September, as compared with the previous quarter, on the back of lower tariffs.
Other News
$3b money laundering case: S’porean jailed for lying to police about fugitive’s luxury cars
The personal driver of Su Binghai – one of the fugitives in the $3 billion money laundering case – has been dealt with for lying to the police about his boss’ luxury cars worth $8.3 million.
Over 950,000 Singaporean households to get U-Save, S&CC rebates in July
More than 950,000 Singaporean Housing Board households will receive rebates to their utility and conservancy bills in July, as part of a government scheme to help them with the cost of living.
https://www.zaobao.com.sg/realtime/singapore/story20250630-7027608
Malaysia’s VEP enforcement kicks in on July 1 with 10 Singapore drivers fined in first hour
Traffic was snarled soon after midnight on July 1 as motorists entered Johor Bahru via the Causeway, with the Malaysian authorities commencing full enforcement action on Singapore-registered vehicles entering the country without a Vehicle Entry Permit (VEP).
Global Economy / Real Estate News
Trump’s ‘big, beautiful’ Bill set to further tarnish Treasuries’ lustre overseas
Australia launches A$2.3 billion plan to boost home batteries
Canada rescinds tax hitting US tech firms: government
https://www.businesstimes.com.sg/international/canada-rescinds-tax-hitting-us-tech-firms-government
China manufacturing shrinks in June despite trade war respite
China home sales slump persists as calls grow for more stimulus
https://www.businesstimes.com.sg/property/china-home-sales-slump-persists-calls-grow-more-stimulus
ECB tweaks strategy to counter sustained inflation swings, either up or down
Hong Kong mortgage loans hit 12-month high of US$3.4 billion as low rates lure refinancers
Rebound in Hong Kong’s home prices unlikely to come this year: analysts
Hong Kong builder Emperor shares drop after it says debt overdue
New World closes record US$11.2 billion loan refinancing deal
New World Development scion Adrian Cheng resigns from board
https://www.businesstimes.com.sg/property/new-world-development-scion-adrian-cheng-resigns-board
Star Entertainment’s Hong Kong backers threaten to soon exit Brisbane casino deal
Indonesia eases import rules ahead of US tariff deadline
Japan’s factory activity grows for first time in 13 months: PMI
Japan’s business mood improves despite tariff risks: BOJ tankan
Japan’s ‘death-tainted’ homes gain appeal as property prices soar
Singaporeans take big bites of Quayside JBCC amid Johor’s RTS boom
First train unveiled for Johor Bahru-Singapore RTS Link; service will run from 6am to 12am
https://www.channelnewsasia.com/singapore/first-train-unveiled-jb-singapore-rts-link-service-5210896
New Zealand’s second-quarter business confidence improves: think tank
New Zealand filled jobs decline adds to signs of soft GDP growth
South Korea seeking extension to US 90-day tariff pause
https://www.businesstimes.com.sg/international/south-korea-seeking-extension-us-90-day-tariff-pause
Thai factory output up 1.88% y/y in May on higher car output, exports
Thai household debt drops to five-year low as new loans shrink
Bangkok building collapse tied to construction and design flaws, Thailand’s PM says
Why is Thai tourism stuttering and will its renewed focus on ‘quality over quantity’ work?
https://www.channelnewsasia.com/asia/thailand-tourism-china-economy-5211106
UK economy grows at fastest pace in a year in Q1 before expected slowdown
UK shop prices rise as higher taxes, food costs hit supermarkets
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