The Leading Professional and Representative Body for the Real Estate Industry

The Leading Professional and Representative Body for the Real Estate Industry

DAILY NEWS

 

Daily News 15 January 2025 (Wed)

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.businesstimes.com.sg/property/measured-bids-tengah-housing-plot-bullish-play-dairy-farm-site-developers-stay-conservative

https://www.straitstimes.com/singapore/housing/hong-leong-led-group-pips-two-others-to-place-top-bid-for-first-tengah-private-housing-site

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.

https://www.businesstimes.com.sg/property/far-east-organization-puts-14-units-lucky-plaza-sale-s52-6-million

 

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.

https://www.straitstimes.com/singapore/courts-crime/rule-of-law-all-the-more-important-precious-in-troubled-geopolitical-environment-sm-lee

 

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.

https://www.straitstimes.com/business/spore-must-continue-to-attract-investors-to-build-regional-hqs-grow-wealth-here-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).

https://www.businesstimes.com.sg/singapore/singapore-could-end-collateral-damage-under-trump-2-0-tariffs-chan-heng-chee

https://www.straitstimes.com/business/singapore-could-end-up-as-collateral-damage-under-trump-2-0-tariffs-chan-heng-chee

 

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.

https://www.businesstimes.com.sg/singapore/hr-professionals-prepare-changes-due-workplace-fairness-bill

 

 

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.

https://www.businesstimes.com.sg/companies-markets/capitaland-india-trust-signs-agreement-global-hyperscaler-amid-fast-growing-data-centre-demand

 

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.

https://www.businesstimes.com.sg/companies-markets/ho-bee-land-sparks-bidding-war-australian-property-developer-avjennings-0-70-share

 

 

Global Economy & Real Estate

 

World readies for Trump tariffs even before his White House return

https://www.businesstimes.com.sg/international/global/world-readies-trump-tariffs-even-his-white-house-return

 

Rolling US tariffs would be ‘problematic’ for Fed, says UBS

https://www.straitstimes.com/business/economy/rolling-us-tariffs-would-be-problematic-for-fed-ubs-says

 

US deficit tops US$700 billion to hit record in October to December

https://www.businesstimes.com.sg/international/us-deficit-tops-us700-billion-hit-record-october-december

 

Repeat corporate bankruptcies in US hit fastest pace since 2020

https://www.businesstimes.com.sg/international/repeat-corporate-bankruptcies-us-hit-fastest-pace-2020

 

Going big on 2025 GDP, major Chinese local-level economies unveil ambitious targets

https://www.scmp.com/economy/china-economy/article/3294623/going-big-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

https://www.businesstimes.com.sg/international/chinas-growth-seen-slowing-4-5-2025-us-tariffs-bite-reuters-poll

https://www.channelnewsasia.com/business/chinas-growth-seen-slowing-45-2025-us-tariffs-bite-reuters-poll-4856871

 

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

https://www.businesstimes.com.sg/property/chinas-property-giant-country-garden-posts-us24-3-billion-loss-2023

https://www.straitstimes.com/business/property/chinese-developer-country-garden-reveals-record-33-billion-loss-for-2023-in-delayed-report

https://www.scmp.com/business/companies/article/3294761/troubled-chinese-developer-country-gardens-loss-first-half-2024-narrows

 

Subletting of public rental homes in Hong Kong to become jailable offence

https://www.scmp.com/news/hong-kong/society/article/3294685/subletting-public-rental-homes-hong-kong-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

https://www.businesstimes.com.sg/international/global/meta-cut-roughly-5-staff-targeting-lowest-performers

 

Gamuda unit wins RM8.3 billion railway project deal in Penang

https://www.businesstimes.com.sg/international/asean/gamuda-unit-wins-rm8-3-billion-railway-project-deal-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

https://www.businesstimes.com.sg/international/south-koreas-import-prices-surge-fastest-pace-five-months-won-weakens

 

South Korea’s jobless rate jumps to 3-1/2-year high in December

https://www.businesstimes.com.sg/international/south-koreas-jobless-rate-jumps-3-12-year-high-december

 

Thai consumer confidence hits six-month high in December on stimulus, tourism

https://www.businesstimes.com.sg/international/asean/thai-consumer-confidence-hits-six-month-high-december-stimulus-tourism

 

UK stagflation risk adds pressure on Reeves after market volatility

https://www.businesstimes.com.sg/international/uk-stagflation-risk-adds-pressure-reeves-after-market-volatility

 

Disclaimer & Note:

Real Estate Developers’ Association of Singapore (REDAS) does not warrant the accuracy, adequacy or completeness of the information and expressly disclaims liability for errors or omissions therein. The content, accuracy, and opinions expressed are not investigated, verified, monitored, nor endorsed by REDAS. Every effort is taken to ensure that all information extracted is correct at the time of dissemination.

The Daily News is issued as news gathering for the convenience and benefits of REDAS’ members only and not for mass circulation. Members are advised to exercise discretion in the use and dissemination of the information. The news links are time-sensitive and require registration of fee-based digital subscriptions.

Scroll to Top