Singapore Real Estate / Built Environment
Singapore plans to build a design museum, with the old St. Joseph’s Institution as the new site
The Ministry of Culture, Community and Youth is considering establishing a new Singapore Design Museum to showcase outstanding local designs and enhance the public’s design appreciation. The museum may be located at the old St. Joseph’s Institution.
https://www.zaobao.com.sg/news/singapore/story20250310-5996367
EC price hits new highs: Analysts: Land costs rise, supply is limited, prices are expected to continue to rise
The first executive condominium (EC) project this year, Tampines Crystal Residences, sold 90% or 682 units on the first day of launch, with an average price of S$1,766 per square foot, setting a new record in the EC market.
https://www.zaobao.com.sg/finance/singapore/story20250311-6001028
The epidemic may change the concept of home buying. The demand for five-room HDB flats among first-time homebuyers has surged
Since the COVID-19 pandemic, there has been a significant increase in demand for four-room and larger BTO flats among first-time homebuying families, especially five-room units.
https://www.zaobao.com.sg/news/singapore/story20250311-5999826
Singapore News
Changes to majority of Singapore’s electoral divisions with more MPs, new GRCs and SMCs
[Singapore] The upcoming General Election (GE) will see widespread boundary changes, with only five Group Representation Constituencies (GRCs) and four Single Member Constituencies (SMCs) remaining unchanged.
https://www.zaobao.com.sg/news/singapore/story20250312-6002745
Singapore’s GE2025 electoral boundary changes at a glance
Singapore’s upcoming General Election will see widespread boundary changes, with only five Group Representation Constituencies (GRCs) and four Single Member Constituencies (SMCs) remaining unchanged under the recommendations of the Electoral Boundaries Review Committee.
https://www.businesstimes.com.sg/singapore/singapores-ge2025-electoral-boundary-changes-glance
GE2025: Analysts expect interest to heat up in the west of Singapore, as parties relook strategies amid boundary changes
Singapore: Political parties keen to contest in the west of Singapore will likely have to relook their strategies, with the redrawing of electoral boundaries in the region, said political analysts on Tuesday (Mar 11).
Business News
Singapore shares fall on US recession fears; STI drops 1.9%
[Singapore] Singapore shares recovered slightly at market close on Tuesday (Mar 11), after falling by as much as 2 per cent in the afternoon amid fears of a recession in the United States.
https://www.zaobao.com.sg/finance/singapore/story20250311-6001222
CapitaLand joins hands with Microsoft and the Federation of Chinese Industry and Commerce to accelerate business transformation using artificial intelligence
CapitaLand will work with Microsoft and the Singapore Business Federation to accelerate business transformation through artificial intelligence, cloud computing and digital solutions.
https://www.zaobao.com.sg/realtime/singapore/story20250311-6001355
https://www.edgeprop.sg/property-news/capitaland-signs-mou-microsoft-ai-adoption
GuocoLand bags S$367.1 million green facility to develop Faber Walk site
[Singapore] Property developer GuocoLand has secured S$367.1 million in green financing from DBS to develop a residential site in Faber Walk, which was awarded to its tie-up with joint venture partners TID and Hong Leong Holdings in November last year.
https://www.zaobao.com.sg/realtime/singapore/story20250311-5999487
https://www.edgeprop.sg/property-news/guocoland-secures-3671-mil-green-loan-faber-walk-development
Global Economy & Real Estate
Oil settles slightly up on weaker dollar, US economic fears cap gains
Gold holds steady as market awaits US data, tariff impact
In uncertain times, Asia has an opportunity to make an impact
China’s aluminium firms win big on stunning drop in raw material
Trump takes aim at Canada with doubled tariffs on metals
https://www.businesstimes.com.sg/international/trump-takes-aim-canada-doubled-tariffs-metals
https://www.zaobao.com.sg/realtime/world/story20250312-6003290?ref=sidebar-realtime
https://www.channelnewsasia.com/world/trump-says-he-will-raise-tariffs-canada-metals-50-4993451
US job openings increase in January; layoffs decline
https://www.businesstimes.com.sg/international/us-job-openings-increase-january-layoffs-decline
US inflation seen elevated in February, with higher food prices
US: Wall St opens lower on slowdown worries
https://www.businesstimes.com.sg/companies-markets/us-wall-st-opens-lower-slowdown-worries
https://www.straitstimes.com/business/companies-markets/us-stocks-finish-lower-on-tariff-uncertainty
https://www.zaobao.com.sg/finance/singapore/story20250311-6001836
Global luxury house prices up 3.6% in 2024, led by Seoul, Manila and Dubai: Knight Frank
China’s push for higher home quality risks further stressing developers, analysts say
Euro rallies on hopes of German defence deal; US dollar slips again
Luxury Hong Kong project vendor fined for violating property sales rules
Some Hong Kong banks refuse mortgages for China Vanke’s Le Mont project in Tai Po
India’s Adani to bag 360 billion rupees city housing project
https://www.businesstimes.com.sg/property/indias-adani-bag-360-billion-rupees-city-housing-project
Japan government to work with BOJ on rising living costs: economy minister
Philippine central bank chief says more rate cuts on the table
Saudi residential real estate to attract US$1.22 billion this year
https://www.businesstimes.com.sg/property/saudi-residential-real-estate-attract-us1-22-billion-year
Thailand offers tax incentives to bolster slumping stocks
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