Singapore Real Estate
Singapore will update housing, planning strategies to reflect current concerns: Desmond Lee
Singapore – Singapore will update its housing and planning strategies to reflect the concerns and aspirations of the times, and translate these into detailed plans in the upcoming master plan, said National Development Minister Desmond Lee.
https://www.straitstimes.com/singapore/politics/s-pore-will-update-housing-planning-strategies-to-reflect-current-concerns-desmond-lee
https://www.businesstimes.com.sg/singapore/social-compact-housing-involves-consensus-land-use-desmond-lee
Tanjong Katong walk-up apartments attempt collective sale again with lower price of S$63 million
A Tanjong Katong apartment block, comprising 26 units, has been relaunched for collective sale at a lower asking price of S$63 million. Located in District 15, 56 to 62H Tanjong Katong Road was first put up for sale with an indicative price of S$65.5 million in July 2022.
https://www.businesstimes.com.sg/property/tanjong-katong-walk-apartments-attempt-collective-sale-again-lower-price-s63-million
https://www.edgeprop.sg/property-news/collective-sale-tanjong-katong-development-relaunched-63-mil
Two adjoining shophouses off Upper Thomson Road for sale at $10.5 mil
Singapore (EdgeProp) – Two freehold adjoining shophouses located at 5 and 7 Jasmine Road, off Upper Thomson Road, have been launched for sale via expression of interest (EOI) at a guide price of $10.5 million, or $2,665 psf on the floor area.
https://www.edgeprop.sg/property-news/two-adjoining-shophouses-upper-thomson-road-sale-105-mil
Liberty House at 51 Club Street being sold for S$92.2 million
Liberty House, a five-storey corner office building at 51 Club Street, is being sold for S$92.2 million to a Singapore incorporated company wholly owned by a Chinese citizen who is also a Singapore permanent resident.
https://www.businesstimes.com.sg/property/liberty-house-51-club-street-being-sold-s922-million
Singapore Economy
Trust, shared values key amid 4G leadership transition, which is ‘well under way’: President Halimah
Singapore – The transition to Singapore’s fourth generation (4G) of leaders is well under way, with the team having worked well together and proven its ability and grit through the handling of the Covid-19 crisis, said President Halimah Yacob on Monday.
https://www.straitstimes.com/singapore/trust-and-shared-values-key-amid-4g-leadership-transition-which-is-well-underway-president-halimah
https://www.todayonline.com/singapore/nations-divisive-gridlock-strengthen-bonds-4g-team-citizens-halimah-2147771
Govt needs to ‘rethink approach’ to education and work so that advantages, privileges don’t become entrenched: President Halimah
Singapore — While meritocracy has long been the “organising principle” of Singapore society, the Government needs to rethink its approach to education and work so that advantages and privileges do not become entrenched and persist over generations, President Halimah Yacob said on Monday (April 10).
https://www.todayonline.com/singapore/president-address-parliament-meritocracy-halimah-yacob-2147761
Companies’ Brief
Lian Beng’s Ong family makes privatisation offer at S$0.62 per share, less than half of NAV
Mainboard-listed Lian Beng’s controlling Ong family, through investment holding company OSC Capital, has made a voluntary unconditional cash offer to buy out minority shareholders at 62 Singapore cents a share.
https://www.businesstimes.com.sg/companies-markets/lian-bengs-ong-family-makes-privatisation-offer-s062-share-less-half-nav
https://www.theedgesingapore.com/news/offer/lian-bengs-ong-family-offers-62-cents-share-unconditional-cash-offer
‘Buy’ data centre S-REITs while they are under pressure from distressed tenant: DBS
Data centre Singapore REITs (S-REITs) are under pressure from recent headwinds, as concerns on one technology tenant’s financial health made headlines for its supposed impact on several names here.
https://www.theedgesingapore.com/capital/brokers-calls/buy-data-centre-s-reits-while-they-are-under-pressure-distressed-tenant-dbs
Global Economy & Real Estate
US Fed officials signal divide over whether to hike rates again
https://www.straitstimes.com/business/fed-officials-signal-divide-over-whether-to-hike-rates-again
https://www.theedgesingapore.com/news/global-economy/fed-officials-signal-divide-over-whether-hike-rates-again
Central banks should continue inflation fight despite stability risks, warns IMF
https://www.businesstimes.com.sg/international/central-banks-should-continue-inflation-fight-despite-stability-risks-warns-imf
UK to see worst economic performance among G7 peers in 2023: IMF
https://www.businesstimes.com.sg/international/uk-see-worst-economic-performance-among-g7-peers-2023-imf
IMF warns it’s too soon to sound all-clear on financial turmoil
https://www.theedgesingapore.com/news/global-markets/imf-warns-its-too-soon-sound-all-clear-financial-turmoil
https://www.businesstimes.com.sg/international/imf-trims-world-growth-outlook-financial-risks-raise-pressure
New Zealand sees record-low house sales as buyers sidelined
https://www.businesstimes.com.sg/property/new-zealand-sees-record-low-house-sales-buyers-sidelined
Swedes signal the worst of housing price rout is in the past
https://www.businesstimes.com.sg/property/swedes-signal-worst-housing-price-rout-past
Australian economy not immune to global slowdown: treasurer
https://www.businesstimes.com.sg/international/australian-economy-not-immune-global-slowdown-treasurer
Australia’s new city tackles climate change from the ground up
https://www.straitstimes.com/asia/australianz/australia-s-new-city-tackles-climate-change-from-the-ground-up
Rocky start but market outlook is positive, with Asia poised to benefit from China reopening
https://www.straitstimes.com/business/rocky-start-but-market-outlook-is-positive-with-asia-poised-to-benefit-from-china-reopening
China consumer inflation falls below 1% in March
https://www.channelnewsasia.com/business/china-consumer-inflation-falls-below-1-march-3409516
Japan’s MUFG sets emissions targets for real estate, shipping, steel
https://www.channelnewsasia.com/business/japans-mufg-sets-emissions-targets-real-estate-shipping-steel-3410386
Malaysia’s industrial production surprises with 3.6% growth in February
https://www.businesstimes.com.sg/international/asean/malaysias-industrial-production-surprises-36-growth-february
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