Singapore Real Estate / Built Environment
Newton, Tanjong Rhu, Dover and Bedok plots among 11 new housing sites unveiled for sale; two EC parcels also on offer
Eleven new sites for private residential projects have been made available under the government land sales (GLS) programme, including prime plots in Newton, Bukit Timah and Tanjong Rhu.
Loyang Valley condo to make third collective sale bid with lower reserve price of $880 million
Loyang Valley condominium in Changi will be making a third attempt at a collective sale, with a reduced reserve price of $880 million. The lower reserve price, which is $100 million less than that in its last tender in 2022, “reflects a realistic and achievable figure given current market conditions”, said Mr Terence Lian, head of investment sales for the appointed marketing agent, Huttons Asia.
S’pore’s first private assisted living pilot ready by 2026; operator taps China’s eldercare expertise
Seniors looking for elderly-friendly housing with care services will be able to sign up for a pilot private assisted living project in Parry Avenue in Kovan by the third quarter of 2025, and expect to move in by the first quarter of 2026, said the operator appointed to run the facility.
Singapore News
Singapore, Indonesia reaffirm economic ties in ministerial meeting; two commercial arrangements inked
Singapore, Indonesia sign three MOUs for energy trade, decarbonisation, sustainability collaboration
Singapore and Indonesia reaffirmed their commitment to strengthen bilateral economic ties at the 15th Singapore-Indonesia Six Bilateral Economic Working Groups Ministerial Meeting (6WG) on Sunday (Jun 15).
https://www.zaobao.com.sg/news/singapore/story20250615-6781807
Singapore urges all parties in Iran-Israel conflict to exercise restraint
Singapore has urged all involved parties to exercise restraint and to de-escalate tensions amid conflict between Israel and Iran, following Israeli strikes on June 13. “Singapore is deeply concerned about the escalation of tensions in the region,” the Ministry of Foreign Affairs (MFA) said in a statement on June 13.
First session of Singapore’s 15th Parliament to open on Sep 5
The first session of Singapore’s 15th Parliament will open at 5 pm on Sep 5, Leader of the House Indranee Rajah announced on Friday (Jun 13). This will be the first parliamentary sitting since the Republic elected its new government on May 3.
https://www.businesstimes.com.sg/singapore/first-session-singapores-15th-parliament-open-sep-5
https://www.channelnewsasia.com/singapore/singapore-new-15th-parliament-commence-sep-5-5179976
https://www.zaobao.com.sg/realtime/singapore/story20250613-6725137
Business News
Hong Kong-listed ESR gets shareholders’ nod for privatisation
Shareholders of ESR Group on Friday (Jun 13) approved the scheme resolution proposed by a consortium of investors to acquire and privatise the real estate fund manager.
https://www.zaobao.com.sg/realtime/singapore/story20250613-6732156
Malaysia’s IOI Properties targets potential Singapore Reit listing in 2027
Malaysia’s IOI Properties Group is planning to list a real estate investment trust (Reit) in Singapore by 2027, as part of a plan to monetise its assets and cut debt, according to a Malaysia investment bank.
Perennial explores Reit listings in China with ‘aggressive’ expansion in medical, eldercare sectors
A ‘village’ where Alzheimer’s patients move about freely: Perennial’s new care model in China
Property player Perennial Holdings is exploring real estate investment trust (Reit) listings in China – one for commercial properties and another for healthcare assets, the company’s chief executive, Pua Seck Guan, told The Business Times.
Global Economy / Real Estate News
Fed on hold leaves Wall Street asking what it will take to cut interest rates
Millions of acres of public land sales slated for US tax Bill
https://www.businesstimes.com.sg/property/millions-acres-public-land-sales-slated-us-tax-bill
Port of LA imports drop 19% in May as tariffs hit US businesses
https://www.businesstimes.com.sg/international/port-la-imports-drop-19-may-tariffs-hit-us-businesses
Blackstone said to be in talks to buy embattled Allegiant resort
China security office flexes new power with Hong Kong probe
Chinese firms may join group seeking to buy Li Ka-shing’s ports: sources
Group tour prices from Hong Kong drop 10% as tourists opt for alternatives to Japan
Jane Street to pay US$3.9m a month for Hong Kong seafront offices in record-setting lease
Hong Kong homebuyers snap up all flats on offer at Deep Water Pavilia amid discounts
Hong Kong rent surges as demand from mainland Chinese students, professionals soar
Yet another distressed seller puts Peak luxury property on sale at 30% discount
New World sells 138 Hong Kong homes at discount within hours
https://www.businesstimes.com.sg/property/new-world-sells-138-hong-kong-homes-discount-within-hours
Should Hong Kong hit Redhill Peninsula homeowners with heavier fines for illegal works?
Future of 8,300 public flats in northern Hong Kong uncertain as work put on hold
Indonesia aims to seal EU free trade agreement in 2026
https://www.businesstimes.com.sg/international/indonesia-aims-seal-eu-free-trade-agreement-2026
Japan PM pledges cash handout for all citizens ahead of election
New York real estate industry appeals broker-fee case ruling
Asking prices for UK homes show biggest June fall since 2011: Rightmove
Return-to-office mandates fuel hopes of London property market revival
London home prices cut to lure tax-hit buyers: Rightmove
https://www.businesstimes.com.sg/property/london-home-prices-cut-lure-tax-hit-buyers-rightmove
Vietnam says ‘narrowing the gap’ in US trade talks
https://www.businesstimes.com.sg/international/asean/vietnam-says-narrowing-gap-us-trade-talks
Vietnam parliament approves hiking tax on alcoholic drinks to 90% by 2031
Vietnam’s Sun Group injects 1 trillion dong into new leisure-focused airline
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