Singapore Real Estate / Built Environment
Singapore eyes new Mice hub downtown as sector gets set for strong growth
Singapore targets Mice demand, leisure travellers in Tourism 2040 road map
A new hub for meetings, incentives, conventions and exhibitions (Mice) in the downtown area could be in the works, as Singapore aims to capture a larger share of the valuable sector. Grace Fu, the minister in charge of trade relations, said at the annual Tourism Industry Conference on Friday (Apr 11):
Singapore’s prime residential market gears up with 2,500 new homes to be launched in 2025
The clouds that darkened the outlook for Singapore’s prime residential sector may be lightening, with activity stirring as a slew of new projects hit the market this year. About 2,500 new homes in five projects in the prime Core Central Region (CCR) are expected to be launched in 2025, a major boost in supply from the 680 units marketed last year and 630 units in 2023.
One Marina Gardens moves 38% of project at S$2,953 psf average amid cautious sentiment
Prime residential project One Marina Gardens sold 38 per cent of its 937 units at an average selling price of S$2,953 per square foot (psf), while Bloomsbury Residences in Media Circle sold 25.1 per cent of its 358 units at S$2,474 psf on the first weekend of sales.
Muted momentum, stable demand in luxury homes in wake of ABSD hikes
Analysts are cautiously optimistic that Singapore’s prime housing market may pick up this year, with signs of improving sales after a sluggish two years since stamp duty rates were raised in April 2023.
https://www.businesstimes.com.sg/property/muted-momentum-stable-demand-luxury-homes-wake-absd-hikes
https://www.zaobao.com.sg/finance/singapore/story20250414-6163302
Multi-agency committee set up to ease inconveniences for residents moving into new BTO flats
To better time the completion of key infrastructure and essential services, a multi-agency committee has been set up to minimise inconveniences to owners when they move into their new BTO flats.
Singapore Economy / GE 2025
SM Lee urges S’poreans to work together as one Team Singapore amid challenging global environment
Singaporeans need to work together as one Team Singapore in order to face a challenging external environment, including the latest US tariffs and China’s reciprocal moves, and their impact on global trade, said Senior Minister Lee Hsien Loong.
https://www.zaobao.com.sg/news/singapore/story20250412-6158919
Singapore slashes 2025 growth forecast to 0-2%; Q1 GDP up 3.8% year on year in Q1
The Republic’s growth may be flat this year, with the official forecast downgraded to “0 to 2 per cent” for 2025, from 1 to 3 per cent previously.
https://www.zaobao.com.sg/realtime/singapore/story20250414-6164378
MAS eases policy slightly, lowers inflation forecasts after Trump tariffs threaten growth
The Republic’s central bank eased monetary policy settings slightly at its quarterly review on Monday (Apr 14), in a widely-expected move after US tariffs raised recession fears, while also lowering its full-year inflation forecasts.
https://www.channelnewsasia.com/singapore/mas-tariffs-monetary-policy-exchange-rate-5059756
https://www.zaobao.com.sg/realtime/singapore/story20250414-6164396
GE2025: ‘We hear you, I hear you’: PM Wong’s message to young S’poreans, first-time voters
You have high standards for how life should be, you are not distracted or overly sensitive. You are paying attention. That is what Prime Minister Lawrence Wong said to young Singaporeans and first-time voters, in a two-minute social media post released on Sunday (Apr 13).
GE2025: Parties start to show their hand with formal introductions of candidates
Election season went into high gear on Saturday (Apr 12), after Prime Minister Lawrence Wong announced that the People’s Action Party (PAP) had finalised its slate of candidates for the upcoming polls.
Business News
CapitaLand Investment ready to cash in on growing need for healthcare-related real estate
As South-east Asia’s population ages, more physical spaces are needed for the healthcare and wellness services that people will require in their senior years. And CapitaLand Investment believes this presents a big opportunity for real estate players.
Property tycoon Ong Beng Seng to step down as HPL managing director
Hotel Properties Limited (HPL) announced on Monday (Apr 14) that managing director Ong Beng Seng will be stepping down from the position to devote more time to manage his medical conditions.
Not just another wing: MBS’ new US$8 billion expansion project will have its own brand and luxury experiences
In a couple of months’ time, construction will begin on Marina Bay Sands’ (MBS) expansion project – a new ultra-luxury resort destination that will be built at an estimated total development cost of US$8 billion.
https://www.zaobao.com.sg/news/singapore/story20250414-6162679
Global Economy / Real Estate News
Fed’s deepest tariff fear is a price shock that won’t fade away
https://www.businesstimes.com.sg/international/feds-deepest-tariff-fear-price-shock-wont-fade-away
American consumers are getting rattled by Trump’s tariff chaos
US economists say recession risk is still high after Trump pivot
Bridgewater’s Ray Dalio says Trump trade war has put US ‘close to a recession’
Trump floats possible exceptions to 10% baseline tariff
https://www.businesstimes.com.sg/international/trump-floats-possible-exceptions-10-baseline-tariff
Imports at busiest US port set to drop next month as tariffs hit
Trump warns tariffs are coming for electronics after reprieve
Why countries like China, Canada and the UK have issued new warnings about US travel
Hotel chain Hyatt bets on India’s population boom to fuel growth
https://www.businesstimes.com.sg/property/hotel-chain-hyatt-bets-indias-population-boom-fuel-growth
Australia’s PM approval rises as Trump looms over May election
Australia reveals US$460 million property splurge tied to fugitives
How China went from courting Trump to ‘never yield’ tariff defiance
https://www.straitstimes.com/asia/how-china-went-from-courting-trump-to-never-yield-tariff-defiance
https://www.channelnewsasia.com/east-asia/china-xi-jinping-asean-trump-tariffs-5062956
China’s Xi courts South-east Asia as Trump tariffs bite
https://www.businesstimes.com.sg/international/chinas-xi-courts-south-east-asia-trump-tariffs-bite
China says US tariff exemption a ‘small step’ to undoing mistake
China hits back at Trump tariff hike, raises duties on US goods to 125%
https://www.channelnewsasia.com/business/china-us-tariffs-trump-trade-war-125-cent-apr-12-5059591
Chinese manufacturers in fighting spirits despite scrapped US orders
France wants to make one-off wealth tax permanent
https://www.businesstimes.com.sg/international/france-wants-make-one-wealth-tax-permanent
Google lays off hundreds of employees in Android, Pixel Group: Report
https://www.channelnewsasia.com/business/google-layoffs-platforms-devices-unit-5059236
Trade war weighs on Hong Kong property market as Chinese buyers grow cautious, analysts say
Hong Kong confident in megaproject bids amid economic headwinds
More Japan households expect prices to rise: BOJ survey
https://www.businesstimes.com.sg/international/more-japan-households-expect-prices-rise-boj-survey
1 in 3 homes in Japan could be abandoned by 2038, say experts
UK economy grows a robust 0.5% in February, beating expectations
UK finance minister eyes closer EU ties, warns of ‘profound’ tariff impact
Britain makes £20b export finance support available amid tariff turmoil
London property faces worst hit from trade war: Rightmove
https://www.businesstimes.com.sg/property/london-property-faces-worst-hit-trade-war-rightmove
Londoners spend less than other Brits due to pricey housing
https://www.businesstimes.com.sg/property/londoners-spend-less-other-brits-due-pricey-housing
Facing Trump tariffs, Vietnam eyes crackdown on some China trade
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