Singapore Real Estate / Built Environment
High level of Government Land Sales (GLS) private housing supply sustained in second half 2025 (2H2025)
MND to release land for 4,725 private housing units in H2 2025 on confirmed list, down from 5,030 units in H1
The Government has announced the GLS Programme for the second half of 2025 (2H2025). Comprising 10 Confirmed List sites and 12 Reserve List sites, the Programme can yield about 9,200 private residential units, 178,315 sqm gross floor area (GFA) of commercial space, and 880 hotel rooms (see Appendix 1 and Appendix 2).
Why Central region in Singapore will become home to over 80,000 new properties
A strong pipeline of new housing projects is expected, with plans under way for the construction of over 50,000 HDB flats and more than 30,000 private homes. Key redevelopment sites include the Greater Southern Waterfront, Bukit Timah Turf City, Marina Bay, Mount Pleasant, Tanjong Rhu, Pearl’s Hill and Bukit Merah.
Last call: Holland Village mainstay Wala Wala seeks to exit lease, plans to close
Indie nightspot Wala Wala Cafe Bar in Holland Village is preparing to shut its doors, marking the end of a three-decade chapter for the nightlife stalwart.
Oversupply from China to cut Singapore construction material prices further in Q2
Prices for some construction commodities in Singapore are tipped to fall further in the second quarter, with steel rebar prices forecast to fall 13 per cent year on year, driven by oversupply and competitive exports from China. This could benefit developers, builders and other construction contractors, though new tariffs may disrupt global supply chains in the near term, a report by construction consultancy Linesight said.
Business News
Boustead Singapore reviews assets for potential sale to Reit for listing
Boustead Singapore is conducting strategic reviews for the sale of its stake in some of its logistics and industrial real estate assets to a real estate investment trust, to be listed on the Mainboard of the Singapore Exchange.
https://www.zaobao.com.sg/realtime/singapore/story20250612-6713806
CapitaLand China Trust to divest retail property for 748 million yuan
CapitaLand China Trust (CLCT) a CapitaLand Investment subsidiary, is set to raise up to 748 million yuan (S$134.9 million) through the divestment of CapitaMall Yuhuating, a mature retail asset in Changsha
Temasek joins Microsoft, BlackRock and MGX to develop AI infrastructure
Temasek has joined a consortium backed by Microsoft, BlackRock and tech investment company MGX to invest and expand artificial intelligence (AI) infrastructure, according to BlackRock’s investor day presentation slides on June 12.
https://www.zaobao.com.sg/realtime/singapore/story20250612-6714180
Global Economy / Real Estate News
Trump willing to extend trade talks deadline, but says that won’t be necessary
Trump says he won’t fire Fed chair Powell but hints at pressure for rate cuts
BlackRock aims to grow revenue to US$35 billion and more by 2030
China’s 240-hour transit visa-free policy extended to 55 countries: Xinhua
Twice-unlucky public flat tenants to be prioritised for Hong Kong subsidised homes
New World bondholders want more disclosure on financing plans
https://www.businesstimes.com.sg/property/new-world-bondholders-want-more-disclosure-financing-plans
US tariffs may have ended BOJ’s rate-hike cycle, former policymaker says
Manhattan renters already paying record prices face more hikes
Thai consumer confidence hits 27-month low in May over US tariffs
UK economy shrinks by the most in nearly two years
https://www.businesstimes.com.sg/international/uk-economy-shrinks-most-nearly-two-years
UK hiring slows again in May but downturn might be easing, recruiters say
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