Singapore Real Estate / Built Environment
F&B, retail trade businesses counting on more anchor events to boost growth in 2025
Firms also said more can be done to develop homegrown events to attract visitors, amid a bumpy ride for the retail trade and food and beverage sectors this year.
Singapore to hold more mega events in 2025, building on its position as a choice destination
Singapore will continue to stage mega events next year, as the country looks to boost its position as a destination for high-profile events and unlock this economic growth driver. The city-state saw a packed calendar of events, including top-tier concerts by big-name artists such as Coldplay, Taylor Swift, Ed Sheeran, Bruno Mars and Jay Chou.
CEA considering minimum transaction condition for property agents to renew licence
The Council for Estate Agencies (CEA) is assessing whether property agents should be required to facilitate a minimum number of transactions in order to renew their licence.
https://www.zaobao.com.sg/realtime/singapore/story20241212-5582066
Business News
ESR inks largest syndicated sustainability-linked loan for US$2.5 billion
Hong Kong-listed real asset manager ESR Group has secured a five-year syndicated sustainability-linked term loan and revolving credit facilities (SLL) amounting to US$2.5 billion.
https://www.zaobao.com.sg/realtime/singapore/story20241212-5582777
OCBC tasks 25 bankers in S’pore, Johor to expand business in new special economic zone
Some banks in Singapore and Malaysia are positioning themselves to capture new business opportunities that may emerge once a new special economic zone in Johor is launched in January.
Temasek firm’s deal values Malaysia 5G winner at RM7.5 billion: sources
A Temasek Holdings firm’s stake sale agreement values U Mobile at about RM7.5 billion (S$2.3 billion), according to people familiar with the matter, after the Malaysian phone company won a major 5G contract.
https://www.zaobao.com.sg/realtime/singapore/story20241212-5581697
Views, Reviews, Forum and Others
Foreigners may get to use passport-free immigration clearance at Johor land checkpoints by mid-2025: State official
By mid-2025, Singaporeans and other foreign travellers may be able to clear Johor land checkpoints with just QR codes without needing to show their passports.
Scammers impersonate the tax bureau and claim that there are unpaid taxes, the public should be careful
Fraudsters call victims pretending to be IRS personnel, claiming that the victims have unpaid taxes or are involved in tax evasion and need to be questioned, and then take away money. The IRS reminds the public to be careful of such scams.
https://www.zaobao.com.sg/realtime/singapore/story20241212-5583205
Global Economy & Real Estate
Inflation gives Fed green light for rate cut in December
https://www.businesstimes.com.sg/international/inflation-gives-fed-green-light-rate-cut-december
Commentary: Why Donald Trump could hasten the end of US dollar dominance
https://www.channelnewsasia.com/commentary/us-dollar-donald-trump-tariff-brics-currency-4802796
US weekly jobless claims unexpectedly rise
https://www.businesstimes.com.sg/international/us-weekly-jobless-claims-unexpectedly-rise
US producer prices jump on eggs, but Fed categories come in soft
https://www.businesstimes.com.sg/international/us-producer-prices-jump-eggs-fed-categories-come-soft
Blackstone to acquire Tokyo office building from Seibu in $2.6 billion deal
Blackstone’s iQ buys defaulted London office for dorms
https://www.businesstimes.com.sg/property/blackstones-iq-buys-defaulted-london-office-dorms
Michael Jordan sells suburban Chicago mansion for 67% price cut
https://www.businesstimes.com.sg/property/michael-jordan-sells-suburban-chicago-mansion-67-price-cut
China makes space for private sector, vows spending to boost demand
China pledges more debt, rate cuts to counter Trump’s tariff threats
China vows to crack down on illicit spycam recordings after rise in hotel room voyeurism cases
ECB cuts rates again, keeps door open to further cuts
https://www.businesstimes.com.sg/international/ecb-cuts-rates-again-keeps-door-open-further-cuts
44% of businesses have negative economic outlook for Hong Kong, poll finds
Hong Kong’s US$38 billion year for M&A sparks rare bidding wars
Mystery big spender snaps up 26 Hong Kong flats for HK$150 million in 1-day shopping spree
Indonesia plans oil storage facility near Singapore to improve energy self-sufficiency: Minister
Japan plans to raise key taxes in 2026 to fund defence budget expansion
Japan business sentiment improves slightly, BOJ tankan shows
Exclusive-BOJ leaning toward keeping rates steady next week, sources say
New Zealand plans ‘golden visa’ changes to lure wealthy migrants
Thai PM vows to end business monopoly, plans more cash stimulus
Thai consumer confidence rises in November on stimulus measures
UK consumer confidence touches 4-month high in December: GfK survey
UK house price indicator hits highest in over two years
https://www.businesstimes.com.sg/property/uk-house-price-indicator-hits-highest-over-two-years
Disclaimer & Note:
Real Estate Developers’ Association of Singapore (REDAS) does not warrant the accuracy, adequacy or completeness of the information and expressly disclaims liability for errors or omissions therein. The content, accuracy, and opinions expressed are not investigated, verified, monitored, nor endorsed by REDAS. Every effort is taken to ensure that all information extracted is correct at the time of dissemination.
The Daily News is issued as news gathering for the convenience and benefits of REDAS’ members only and not for mass circulation. Members are advised to exercise discretion in the use and dissemination of the information. The news links are time-sensitive and require registration of fee-based digital subscriptions.