Singapore Real Estate / Built Environment
Singapore retail vacancy creeping up with more tenants looking to exit
Retail space vacancy across Singapore crept up in the first quarter as net take-up slowed and fresh supply hit the market, with leasing agents observing more tenants looking to pre-terminate their leases.
More home owners tapping HDB’s lease buyback scheme in boost to retirement income
There is a steady increase in the number of home owners who are selling part of their flat’s lease back to HDB to supplement their income in retirement. As at Dec 31, 2024, 13,734 households have taken up the Lease Buyback Scheme, said an HDB spokesperson in response to queries from The Straits Times.
Singapore News
Singapore, Chongqing continue work on trade and financial connectivity
A 10-year-old initiative to strengthen transport links between Chongqing and Singapore will produce new opportunities over the next 10 years for western China and Asean to work together in areas such as green finance and digital connectivity.
Nearly 1 in 2 business leaders in S’pore ready to tackle geopolitical and other challenges: Report
Business leaders in Singapore are among the most confident globally about their level of business preparedness when it comes to dealing with challenges ranging from geopolitical tensions to cyber-security threats and developments in the artificial intelligence (AI) space.
Other News
MOM to conduct more workplace inspections, advises companies to call for voluntary safety timeout
The Ministry of Manpower (MOM) will ramp up inspections in certain “high-risk sectors” and is asking companies to carry out a voluntary safety timeout, after five workplace deaths were recorded in May.
Over 1,000 malicious IP addresses in Singapore taken down in Interpol-led crackdown
More than 1,000 malicious IP addresses in Singapore were taken down in a four-month Interpol-led operation involving law enforcement agencies in 26 countries. The joint operation – dubbed Operation Secure – was conducted between January and April 2025, and targeted a type of malware known as “infostealers”.
https://www.zaobao.com.sg/news/singapore/story20250611-6681801
Global Economy / Real Estate News
Trump willing to extend Jul 8 deadline for trade talks, but not likely necessary
Trump says China will supply rare earths, US to allow in Chinese students
US consumer prices rise moderately in May
https://www.businesstimes.com.sg/international/us-consumer-prices-rise-moderately-may
Game on for Hong Kong’s economy as Kai Tak Stadium proves to be a roaring success
Hong Kong lawmakers back criminalising of subletting public rental flats
Debt crunch at New World stokes risk of ‘downside scenario’ in Hong Kong home prices: S&P
Irish government eases rent cap to boost home supply
https://www.businesstimes.com.sg/property/irish-government-eases-rent-cap-boost-home-supply
Japan’s business mood worsens as US tariff uncertainty takes toll
Japan remains cautious on tariff impact in June econ report
BOJ to postpone rate hike to Q1 next year, tiny majority of economists say
Bank of Korea chief says excessive rate cuts could cause price upswing in property markets
Malaysia records approved investments of $21 billion in Q1
https://www.channelnewsasia.com/business/malaysia-records-approved-investments-21-billion-q1-5174411
Malaysia’s April industrial production up 2.7% y/y, below forecast
Vaccine demand in Malaysia rises amid regional surge in Covid-19 cases
Oil prices jumps 4% to 2-month high as tensions rise in Middle East
UK surveyors report weakest house price growth in nearly a year: RICS survey
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