Singapore Real Estate / Built Environment
Measured bids for Tengah housing plot, bullish play for Dairy Farm site as developers stay conservative
Two suburban residential sites saw modest interest and mostly measured bids when government tenders closed on Tuesday (Jan 14), with developers still taking a conservative tack under the current economic climate and bumper crop of land sale sites expected this year.
https://www.zaobao.com.sg/realtime/singapore/story20250114-5732163
Far East Organization puts 14 units in Lucky Plaza up for sale for S$52.6 million
A batch of 14 freehold strata-titled units in Lucky Plaza have been put up for sale for S$52.6 million. According to checks by The Business Times, the units being sold are held by Far East Organization (FEO), which developed the Orchard Road property and owns a substantial share of space in the building.
Two adjacent high-quality houses on Belmont Road are for sale at an indicative price of $88 million
Two adjacent Good Quality Bungalows on Belmont Road were put on the market for sale on Tuesday (January 14) through an invitation for expressions of interest (EOI) with an indicative price of $88.8 million, or about $2,128 per square foot.
https://www.zaobao.com.sg/realtime/singapore/story20250114-5732744
Singapore Economy / News
Rule of law all the more important, precious in troubled geopolitical environment: SM Lee
The rule of law can facilitate cross-border commerce even amid geopolitical tensions, and the reluctance of countries to resolve disputes through adjudication and arbitration.
S’pore must continue to attract investors to build regional HQs, grow wealth here: Chee Hong Tat
Singapore is seeing growing interest from investors to build regional hubs or expand their wealth here, and will ensure the business environment remains conducive for them to achieve sustainable growth, said Second Minister for Finance Chee Hong Tat.
Singapore could end up as ‘collateral damage’ under Trump 2.0 tariffs: Chan Heng Chee
The unpredictable nature of Donald Trump, poised to begin his second US presidency, will make 2025 a volatile year, two veteran Singapore diplomats said at the UOB Global Markets Economic Forum held at Pan Pacific Singapore on Tuesday (Jan 14).
HR professionals prepare for changes due to workplace fairness Bill
Human resources (HR) groups have given their thumbs-up for the landmark Bill tackling workplace discrimination that was passed in Parliament on Jan 8, giving workers greater protection against biases on grounds like age, race and nationality.
Business News
CapitaLand India Trust signs agreement with global hyperscaler amid fast-growing data centre demand
CapitaLand India Trust’s (Clint) manager announced on Wednesday (Jan 15) that it has signed a long-term agreement with a leading global hyperscaler for one of its data centres under development.
Ho Bee Land sparks bidding war for Australian property developer AVJennings at A$0.70 a share
Real estate group Ho Bee Land has launched a non-binding indicative offer to acquire all shares it does not indirectly own in AVJennings for A$0.70 apiece. This beats an existing offer of A$0.67 a share made by Proprium Capital Partners and Avid Property Group.
Global Economy & Real Estate
World readies for Trump tariffs even before his White House return
Rolling US tariffs would be ‘problematic’ for Fed, says UBS
US deficit tops US$700 billion to hit record in October to December
Repeat corporate bankruptcies in US hit fastest pace since 2020
Going big on 2025 GDP, major Chinese local-level economies unveil ambitious targets
China’s growth seen slowing to 4.5% in 2025 as US tariffs bite: Reuters poll
China to offer unilateral visa-free entry to more countries
https://www.businesstimes.com.sg/international/china-offer-unilateral-visa-free-entry-more-countries
China’s property giant Country Garden posts US$24.3 billion loss for 2023
Subletting of public rental homes in Hong Kong to become jailable offence
Editorial | Get balance right on offices of Hong Kong’s ex-leaders
https://www.scmp.com/opinion/article/3294773/get-balance-right-offices-hong-kongs-ex-leaders
Japanese tourist magnet Kyoto to hike hotel taxes
https://www.channelnewsasia.com/east-asia/japan-tourist-hotspot-kyoto-hike-hotel-taxes-4856921
These homes withstood the LA fires; architects explain why
https://www.businesstimes.com.sg/property/these-homes-withstood-la-fires-architects-explain-why
Meta to cut roughly 5% of staff, targeting lowest performers
Gamuda unit wins RM8.3 billion railway project deal in Penang
Spain announces new measures to tackle housing crisis
https://www.businesstimes.com.sg/property/spain-announces-new-measures-tackle-housing-crisis
South Korea’s import prices surge at fastest pace in five months as won weakens
South Korea’s jobless rate jumps to 3-1/2-year high in December
Thai consumer confidence hits six-month high in December on stimulus, tourism
UK stagflation risk adds pressure on Reeves after market volatility
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