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DAILY NEWS

 

Daily News 14 January 2025 (Tue)

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.

https://www.channelnewsasia.com/singapore/toa-payoh-integrated-development-stadium-10-000-community-4853716

 

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.

https://www.businesstimes.com.sg/property/one-bernam-developer-slashes-prices-27-sells-87-units-weekend-promotion

 

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.

https://www.businesstimes.com.sg/opinion-features/dont-spare-asset-rich-cash-poor-private-homeowners-paying-higher-property-taxes

 

 

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.straitstimes.com/business/companies-markets/gics-investment-chief-to-step-down-from-singapore-sovereign-wealth-fund-sources-say

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.straitstimes.com/business/companies-markets/propertyguru-names-lewis-ng-as-new-ceo-as-hari-krishnan-steps-down

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

https://www.straitstimes.com/business/economy/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

https://www.channelnewsasia.com/world/trumps-greenland-plan-us-house-republicans-seek-support-bill-possible-purchase-4855706

 

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

https://www.straitstimes.com/business/economy/chinese-exports-rise-to-record-in-frontloading-ahead-of-looming-trump-tariffs

 

China exports more to Vietnam than Japan for first time as supply chains shift

https://www.businesstimes.com.sg/international/asean/china-exports-more-vietnam-japan-first-time-supply-chains-shift

 

Chinese holiday travellers shun Thailand after actor’s abduction

https://www.businesstimes.com.sg/international/asean/chinese-holiday-travellers-shun-thailand-after-actors-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

https://www.businesstimes.com.sg/international/global/chinese-trade-surplus-soars-us1-trillion-ahead-trump-return

 

China unveils US$13 billion trade finance facility in boost to yuan hub in Hong Kong

https://www.scmp.com/business/banking-finance/article/3294495/china-unveils-us13-billion-trade-finance-facility-boost-yuan-hub-hong-kong

 

China ‘confident’ in 2025 economic rebound, Hong Kong is key: central bank chief

https://www.scmp.com/economy/china-economy/article/3294530/china-confident-2025-economic-rebound-hong-kong-key-central-bank-chief

 

Mainland Chinese buyers to continue driving Hong Kong housing demand in 2025, analysts say

https://www.scmp.com/business/article/3294412/mainland-chinese-buyers-continue-driving-hong-kong-housing-demand-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

https://www.businesstimes.com.sg/property/chinas-shimao-drops-15-after-developer-receives-liquidation-petition

 

Country Garden’s property services arm expects annual earnings to fall

https://www.businesstimes.com.sg/property/country-gardens-property-services-arm-expects-annual-earnings-fall

 

Distressed property deals to rise this year as slump forces landlords, receivers to cut prices

https://www.scmp.com/business/article/3294599/distressed-property-deals-rise-year-slump-forces-landlords-receivers-cut-prices

 

Johor-Singapore SEZ’s faces toughest test – slashing immigration clearance delays, says Malaysian minister

https://www.businesstimes.com.sg/international/asean/johor-singapore-sezs-faces-toughest-test-slashing-immigration-clearance-delays-says-malaysian

 

New Zealand Q4 business confidence improves but economy remains weak: think tank

https://www.businesstimes.com.sg/international/new-zealand-q4-business-confidence-improves-economy-remains-weak-think-tank

 

Thailand expecting at least US$29 billion in investment applications this year

https://www.businesstimes.com.sg/international/thailand-expecting-least-us29-billion-investment-applications-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

https://www.channelnewsasia.com/world/united-kingdom-retail-stores-rising-costs-consumers-cautious-slump-4853821

 

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