Singapore Real Estate / Built Environment
Perennial Holdings wins SLA tender for Jervois Road property
The Singapore Land Authority (SLA) has awarded the tender for a two-storey colonial house at 106 Jervois Road to Pre 23, a subsidiary of Perennial Holdings. The price and quality tender for the property, which occupies a land area of 64,262 sq ft and has an estimated gross floor area of 7,625 sq ft, had closed on Oct 30 of last year.
https://www.edgeprop.sg/property-news/perennial-holdings-wins-sla-tender-jervois-road-property
https://www.zaobao.com.sg/realtime/singapore/story20250210-5856724
Shifting housing demand from Singapore to Johor could offer room to ease ABSD rates
Many observers pick Johor’s property market as a clear winner from two major initiatives that will strengthen ties between Malaysia’s Johor state and neighbouring Singapore, namely the development of the Johor-Singapore Special Economic Zone (JS-SEZ) and the building of the Johor Bahru-Singapore Rapid Transit (RTS) Link.
Tanjong Rhu, Queenstown, Chencharu flats offered in HDB’s Feb BTO launch
The Housing and Development Board (HDB) launched a total of 5,032 flats for sale under its February 2025 Build-To-Order (BTO) exercise on Monday (Feb 10).
Singapore Economy/News
Inflation eases in 2024 on lower prices of cars, clothing, some food items in Singapore
Inflation eased again in 2024 after the highs of 2022, thanks in part to cheaper cars, certain food items, clothing and footwear. Price pressures remain, but households in all income groups have seen inflation fall by between 1.6 and 3 percentage points over the past 12 months.
Sustainability concerns will shape Singapore’s priorities in attracting investments: EDB chairman
The Republic’s priorities in attracting investments are being reshaped by the city-state’s sustainability commitments, said Singapore Economic Development Board (EDB) chairman Png Cheong Boon in a recent interview.
Singapore releases new emissions targets for 2035, on track to reaching net zero by 2050
Singapore on Monday (Feb 10) committed to reduce its greenhouse gas emissions to between 45 million and 50 million tonnes (Mt) by 2035, down from around 60 Mt in 2030.
https://www.zaobao.com.sg/realtime/singapore/story20250210-5857315
Business News
GuocoLand H1 profit up 13% at S$74.6 million
Property developer GuocoLand reported a net profit of S$74.6 million for the first half ended Dec 31, 2024, up 13 per cent year on year from S$66.2 million.
https://www.businesstimes.com.sg/companies-markets/guocoland-h1-profit-13-s74-6-million
https://www.zaobao.com.sg/realtime/singapore/story20250210-5858425
Keppel’s new commercial property secures financial services company as anchor tenant
The construction of asset manager Keppel’s new commercial property has been completed, with a financial services company secured as its anchor tenant, said the company in a press release on Monday (Feb 10).
Times Properties offers to privatise Paragon Reit at S$0.98 per unit
Times Properties, a wholly owned subsidiary of Cuscaden Peak Investments, is looking to take Paragon Real Estate Investment Trust (Reit) private by way of a trust scheme of arrangement, for S$0.98 per unit.
Views, Reviews, Forum and Others
New ICA Services Centre to open on Apr 7
Operations will begin at the new Immigration & Checkpoints Authority (ICA) Services Centre (ISC) on Apr 7. The ISC, located next to the current ICA building, will operate from Monday to Friday, 8am to 4.30pm, said the authority in a news release on Monday (Feb 10).
From flu to pneumonia: Why it can happen and how to stay safe
What causes influenza to progress to pneumonia? That’s a question many healthy adults don’t ask because you can usually count on your immune system to defeat the flu virus.
https://cnalifestyle.channelnewsasia.com/wellness/pneumonia-influenza-cold-prevention-travel-459526
MOH to extend subsidies, MediSave usage for shingles vaccine Shingrix
The Ministry of Health (MOH) will subsidise the cost of shingles vaccine Shingrix for eligible Singaporeans and permanent residents, who may also use MediSave to pay for the jabs.
https://www.straitstimes.com/singapore/subsidies-allowed-for-shingles-vaccine-from-september
https://www.zaobao.com.sg/realtime/singapore/story20250210-5856669
Global Economy & Real Estate
Trump says he has directed US Treasury to stop minting new pennies, citing rising cost
Australia consumer sentiment recovery stalls on budget squeeze
China’s retaliatory tariffs on US a ‘measured’ move to moderate tensions: Analysts
Country Garden’s sales slump worsens in January adding to woes
https://www.businesstimes.com.sg/property/country-gardens-sales-slump-worsens-january-adding-woes
Hong Kong groups, subdivided-flat tenants seek changes to proposed regulations
Chinese investors drive Hong Kong rally with HK$150 billion inflow
Japan runs record current account surplus in 2024 on foreign investment returns
Middle Eastern to invest billions in London offices, Knight Frank says
Tighter security measures at shopping centres across Malaysia following Setia Alam mall shooting
https://www.channelnewsasia.com/asia/malaysia-selangor-setia-alam-city-mall-shooting-4927796
Malaysia’s ECRL: Megaproject could shake up national, regional connectivity, but single-track design makes it ‘challenging’
https://www.channelnewsasia.com/asia/malaysia-ecrl-ticket-shipping-land-bridge-4885921
NY Fed finds mostly stable inflation expectations in January
New Zealand locks out foreign home buyers even as golden visa rules eased
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