Singapore Real Estate / Built Environment
Expanded CBD renewal scheme could give new lease of life to long-stay serviced apartments
Could the latest move to widen the scope of the redevelopment incentive scheme to the Central Business District (CBD) fringe areas of Anson and Cecil Street attract more developers and investors to add long-stay serviced apartments to Singapore’s rental landscape?
Indonesian tycoon’s family pays S$153 million for serviced apartment block in Orchard area
Oakwood Studios Singapore, a freehold serviced apartment block on Mount Elizabeth, has changed hands for S$152.76 million.
July BTO launch to feature HDB’s first Simei project in 10 years
The first Simei flats in more than a decade and a second development in the new Woodlands North Coast precinct are among eight Build-To-Order (BTO) projects that will go on sale in July.
https://www.zaobao.com.sg/realtime/singapore/story20250211-5860723
HDB resale prices set to continue growth streak in 2025: report
Resale prices of Housing and Development Board (HDB) flats may continue rising in 2025, due to a limited supply of flats reaching their minimum occupation period (MOP).
https://www.businesstimes.com.sg/property/hdb-resale-prices-set-continue-growth-streak-2025-report
Singapore Economy/News
Singapore climbs 2 places to be ranked 3rd least corrupt country, top in Asia Pacific
Singapore was ranked the world’s third least corrupt country in 2024, climbing two spots from the previous year, according to anti-corruption body Transparency International’s Corruption Perceptions Index.
https://www.channelnewsasia.com/singapore/singapore-least-corrupt-3rd-transparency-index-4929961
https://www.zaobao.com.sg/realtime/singapore/story20250211-5860203
Singapore’s pipeline of local semicon talent still years away from meeting demand: industry watchers
Singapore’s pipeline of local semiconductor talent is still years behind industry demand, even though efforts to build it up are underway, said industry observers.
Business News
CDL Kiwi unit’s NZ$2.25-per-share offer ‘too low and inadequate’: M&C New Zealand
The offer by City Development Limited’s (CDL) wholly owned subsidiary to take Millennium & Copthorne Hotels New Zealand (MCK) private at NZS$2.25 per share is “too low and inadequate”.
Citigroup targets social finance deals in Asia as demand grows
Citigroup said that it expects social finance funding in Asia to rise by more than 10 per cent this year as investor demand increases.
Far East Hospitality Trust posts 4.1% fall in H2 DPS to S$0.0208
The managers of Far East Hospitality Trust on Wednesday (Feb 12) posted a distribution per stapled security (DPS) of S$0.0208 for the second half ended December, down 4.1 per cent from S$0.0217 in the previous corresponding period.
Lendlease Global Commercial Reit appoints Guy Alexander Cawthra as CEO
Lendlease Global Commercial Real Estate Investment Trust has appointed Guy Alexander Cawthra as its new chief executive, effective Apr 1. He replaces Kelvin Chow, who has resigned “to pursue other opportunities”.
https://www.zaobao.com.sg/realtime/singapore/story20250211-5859645
Wing Tai H1 net profit declines 51% to S$10.1 million
Property and retail company Wing Tai Holdings’ net profit continued its decline in the first half of its 2025 fiscal year due to lower contributions from its property assets, after selling one of its condominium projects in Singapore.
https://www.businesstimes.com.sg/companies-markets/wing-tai-h1-net-profit-declines-51-s10-1-million
Global Economy & Real Estate
Fed’s Powell: Strong economy means no hurry to cut rates
Too early to see impact of US tariffs on world economy, IMF head says
Trump’s tariff tactics may reshape global trade: analysts
Trump’s eye-for-eye tariff threat puts India, Thailand at risk
https://www.businesstimes.com.sg/international/trumps-eye-eye-tariff-threat-puts-india-thailand-risk
Why Trump wants higher tariffs on steel and aluminium
https://www.straitstimes.com/business/economy/why-trump-wants-higher-tariffs-on-steel-and-aluminum
US core inflation seen rising at firm pace in January
https://www.businesstimes.com.sg/international/us-core-inflation-seen-rising-firm-pace-january
Australia’s economy suffering from poor use of R&D: report
https://www.businesstimes.com.sg/international/australias-economy-suffering-poor-use-rd-report
Australia’s new home loans rise 1.4% q/q in Q4
https://www.businesstimes.com.sg/property/australias-new-home-loans-rise-1-4-qq-q4
Canada, EU vow firm response to Trump steel tariffs
https://www.businesstimes.com.sg/international/canada-eu-vow-firm-response-trump-steel-tariffs
US 25% steel tariffs would stack on other levies on Canada: White House official
China goes all-out to keep foreign investors onshore amid Trump threats
Hong Kong will file complaint to WTO on US tariffs, official says
Hong Kong’s Paul Chan urged to spend cautiously, keep tax breaks in budget
Hong Kong’s NWD raises prices for State Pavilia flat sale amid ‘enthusiastic’ interest
Hong Kong restaurant chain boss to sell Sha Tin building as retail woes worsen
New Zealand weighs whether to relax foreign homebuyer ban
https://www.businesstimes.com.sg/property/new-zealand-weighs-whether-relax-foreign-homebuyer-ban
UK retailers enjoy ‘solid’ start to 2025: BRC
https://www.businesstimes.com.sg/international/uk-retailers-enjoy-solid-start-2025-brc
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