Singapore Real Estate / Built Environment
Future Toa Payoh mega sports and community complex needs ‘clear strategy’ to benefit public, say observers
A major upcoming sports and community project in Singapore’s central Toa Payoh residential town will supplement the country’s main Kallang Alive sporting precinct, according to sports administrators and urban planning experts.
One Bernam developer slashes prices by up to 27%, sells 87 units in weekend promotion
HY Realty and MCC Group dished out discounts ranging from 15 to 27 per cent on their prime downtown condominium project One Bernam over the weekend, selling 87 units in the process at prices from S$1.3 million to S$3.5 million.
Don’t spare asset-rich, cash-poor private homeowners from paying higher property taxes
In budget 2022, wealth taxes were hiked to generate revenue as well as recirculate a portion of the wealth stock into the economy and in so doing, mitigate social inequalities.
Business News
GIC’s investment chief to step down from Singapore wealth fund
GIC chief investment officer Jeffrey Jaensubhakij plans to step down after almost three decades at the Singaporean firm, one of the world’s biggest sovereign wealth funds, according to people familiar with the matter.
https://www.businesstimes.com.sg/singapore/gics-investment-chief-step-down-singapore-wealth-fund
https://www.zaobao.com.sg/realtime/singapore/story20250113-5727358
PropertyGuru names Lewis Ng as new CEO as Hari Krishnan steps down
PropertyGuru’s chief executive officer and managing director Hari Krishnan is stepping down as CEO of the group after a decade in this role. In a statement on Jan 13, Mr Krishnan said that “the time is right to pursue new interests and for the company to transition to new leadership”.
https://www.businesstimes.com.sg/companies-markets/propertyguru-ceo-hari-krishnan-steps-down
https://www.zaobao.com.sg/realtime/singapore/story20250113-5725295
Global Economy & Real Estate
Trump team studying gradual tariff hikes of 2 to 5% per month: Sources
Trump’s Greenland plan: US House Republicans seek support for Bill on possible purchase
Australia consumer sentiment index dips 0.7% in January
https://www.businesstimes.com.sg/international/australia-consumer-sentiment-index-dips-0-7-january
China exports hit record in 2024 with front-loading ahead of looming Trump tariffs
China exports more to Vietnam than Japan for first time as supply chains shift
Chinese holiday travellers shun Thailand after actor’s abduction
https://www.straitstimes.com/asia/se-asia/chinese-travellers-shun-thailand-after-actors-abduction
Chinese trade surplus soars to US$1 trillion ahead of Trump return
China unveils US$13 billion trade finance facility in boost to yuan hub in Hong Kong
China ‘confident’ in 2025 economic rebound, Hong Kong is key: central bank chief
Mainland Chinese buyers to continue driving Hong Kong housing demand in 2025, analysts say
China developer that led the way on debt overhaul at risk again
https://www.businesstimes.com.sg/property/china-developer-led-way-debt-overhaul-risk-again
China’s Shimao drops 15% after developer receives liquidation petition
Country Garden’s property services arm expects annual earnings to fall
Distressed property deals to rise this year as slump forces landlords, receivers to cut prices
Johor-Singapore SEZ’s faces toughest test – slashing immigration clearance delays, says Malaysian minister
New Zealand Q4 business confidence improves but economy remains weak: think tank
Thailand expecting at least US$29 billion in investment applications this year
UK home sellers made smallest profit in over a decade in 2024
https://www.businesstimes.com.sg/property/uk-home-sellers-made-smallest-profit-over-decade-2024
Retail stores in the UK prepare for bleak year amid rising costs
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