Singapore Real Estate/Built Environment
First private housing plot in Tengah launched under GLS; Dairy Farm Walk site also up for sale
Singapore – Two leasehold private residential sites in Dairy Farm Walk and Tengah Garden Avenue were released for sale via tender on June 13 under the first-half 2024 Government Land Sales (GLS) programme.
https://www.businesstimes.com.sg/property/ura-launches-dairy-farm-tengah-bayshore-sites-close-2000-homes
https://www.straitstimes.com/business/first-private-housing-plot-in-tengah-launched-under-gls-dairy-farm-walk-site-also-u
-for-sale
https://www.edgeprop.sg/property-news/gls-sites-dairy-farm-walk-and-tengah-garden-ave-launched-sale-bayshore-rd-site-open-application
Families awaiting BTO flats can apply for $300 a month in rental vouchers from July 1
Singapore – Eligible families waiting for their Build-To-Order (BTO) units can apply to tap $300 a month in vouchers to offset rent for an HDB flat or bedroom on the open market from July 1.
https://www.straitstimes.com/singapore/housing/families-awaiting-bto-flats-can-apply-for-300-a-month-in-rental-vouchers-from-july-1
Business News
Mapletree Logistics Trust to sell Neythal Road warehouse for S$13.8 million
Mapletree Logistics Trust : M44U +0.76% on Thursday (Jun 13) announced its proposed divestment of 119 Neythal Road in Singapore for S$13.8 million. In a bourse filing, the manager of the trust stated that a purchase agreement has been entered into with an unnamed, unrelated third party.
https://www.businesstimes.com.sg/companies-markets/mapletree-logistics-trust-sell-neythal-road-warehouse-s13-8-million
Soilbuild bags Tuas Port construction contract worth S$647.5 million
Soilbuild Construction Group : S7P +9.09% has clinched a S$647.5 million construction contract, bringing the group’s order book to about S$1.23 billion. In a bourse filing on Thursday (Jun 13), the company said that the contract has been awarded to its wholly owned subsidiary, SB Procurement, for the construction of PSA Supply Chain Hub @ Tuas.
https://www.businesstimes.com.sg/companies-markets/soilbuild-bags-tuas-port-construction-contract-worth-s647-5-million
https://www.straitstimes.com/business/companies-markets/soilbuild-bags-tuas-port-construction-contracts-worth-6475-million
Global Economy & Real Estate
Oil edges higher as Opec comments feed demand hopes
https://www.businesstimes.com.sg/companies-markets/energy-commodities/oil-edges-higher-opec-comments-feed-demand-hopes
US dollar gains after rates-driven yoyo; yen fragile ahead of BOJ
https://www.businesstimes.com.sg/companies-markets/us-dollar-gains-after-rates-driven-yoyo-yen-fragile-ahead-boj
US job market resembling pre-pandemic environment: Yellen
https://www.businesstimes.com.sg/international/us-job-market-resembling-pre-pandemic-environment-yellen
https://www.businesstimes.com.sg/international/us-weekly-jobless-claims-rise-10-month-high
Manhattan apartment rents drop even as leasing activity picks up
https://www.businesstimes.com.sg/property/manhattan-apartment-rents-drop-even-leasing-activity-picks
More than 75% of US hotels remain short-staffed, survey shows
https://www.businesstimes.com.sg/property/more-75-us-hotels-remain-short-staffed-survey-shows
Australia May employment tops forecasts, defying economic slowdown
https://www.businesstimes.com.sg/international/australia-may-employment-tops-forecasts-defying-economic-slowdown
China’s central bank backs Beijing’s property destocking plan as housing sales crawl
https://www.scmp.com/business/china-business/article/3266446/chinas-central-bank-backs-beijings-property-destocking-plan-housing-sales-crawl?module=top_story&pgtype=section
The first casino near Dubai sparks a new gold rush
https://www.businesstimes.com.sg/international/global/first-casino-near-dubai-sparks-new-gold-rush
Hong Kong central bank keeps key rate steady, tracking Fed move
https://www.businesstimes.com.sg/companies-markets/banking-finance/hong-kong-central-bank-keeps-key-rate-steady-tracking-fed-move
More off the beaten track destinations want to attract high-spending Hong Kong tourists
https://www.scmp.com/news/hong-kong/hong-kong-economy/article/3266510/more-beaten-track-destinations-want-attract-high-spending-hong-kong-tourists?module=hp_section_hong-kong&pgtype=homepage
Applications to open for first batch of 4,440 Hong Kong ‘light public housing’ flats on June 24
https://www.scmp.com/news/hong-kong/society/article/3266502/applications-open-first-batch-4440-hong-kong-light-public-housing-flats-june-24?module=hp_section_hong-kong&pgtype=homepage
India will need to build 100 million homes this decade amid rising household incomes
https://www.businesstimes.com.sg/property/india-will-need-build-100-million-homes-decade-amid-rising-household-incomes
Bank of Japan to keep ultra-low rates, may signal bond taper
https://www.businesstimes.com.sg/companies-markets/banking-finance/bank-japan-keep-ultra-low-rates-may-signal-bond-taper
As Malaysia’s diesel subsidy cuts squeeze businesses, all eyes on next target – RON95 petrol
https://www.businesstimes.com.sg/international/asean/malaysias-diesel-subsidy-cuts-squeeze-businesses-all-eyes-next-target-ron95-petrol
Taiwan central bank sees inflation coming under control; keeps rate steady
https://www.businesstimes.com.sg/international/taiwan-central-bank-sees-inflation-coming-under-control-keeps-rate-steady
Thai PM says setting new inflation target range should increase rate cut chance
https://www.businesstimes.com.sg/international/asean/thai-pm-says-setting-new-inflation-target-range-should-increase-rate-cut-chance
UK housebuilders bemoan lack of new election housing pledges
https://www.businesstimes.com.sg/property/uk-housebuilders-bemoan-lack-new-election-housing-pledges
Lloyds to move thousands back into refurbished City of London HQ
https://www.businesstimes.com.sg/companies-markets/banking-finance/lloyds-move-thousands-back-refurbished-city-london-hq
Vietnam President calls for stronger defence and economic ties in meeting with US ambassador
https://www.straitstimes.com/asia/vietnam-president-in-meeting-with-us-ambassador-calls-for-stronger-defence-economic-ties
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