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DAILY NEWS

 

Daily News 16 January 2025 (Thu)

Singapore Real Estate / Built Environment

 

New home sales shrink in December after November spike, but are 50% higher on year

Property developers sold a total of 203 new homes excluding executive condominiums (ECs) in December 2024, as sales receded from an extraordinary surge in the month before, data released by the Urban Redevelopment Authority on Wednesday (Jan 15) showed.

https://www.businesstimes.com.sg/property/new-home-sales-shrink-december-after-november-spike-are-50-higher-year

https://www.straitstimes.com/singapore/housing/december-new-private-home-sales-fizzle-as-developers-hold-back-launches-over-holidays

https://www.zaobao.com.sg/realtime/singapore/story20250115-5735986

https://www.scmp.com/news/asia/southeast-asia/article/3294819/singapore-home-sales-surge-government-ready-hit-brakes

 

Roxy Square owners move to cut 11% off asking price to S$1.12 billion for collective sale

Freehold Roxy Square will be relaunched for collective sale again, but this time plans are under way to lower the reserve price by 10.8 per cent to S$1.12 billion, sole marketing agent JLL said on Wednesday (Jan 15).

https://www.businesstimes.com.sg/property/roxy-square-owners-move-cut-11-asking-price-s1-12-billion-collective-sale

https://www.straitstimes.com/business/property/roxy-square-owners-to-cut-their-asking-price-by-11-to-1-12-billion-in-another-en-bloc-bid

https://www.zaobao.com.sg/realtime/singapore/story20250115-5735324

 

Business News

 

ESR Reit to sell Tuas industrial building for S$9.9 million

The manager of ESR Real Estate Investment Trust (ESR Reit) has entered into a contract to divest an industrial building for about S$9.9 million.

https://www.businesstimes.com.sg/companies-markets/esr-reit-sell-tuas-industrial-building-s9-9-million

 

GuocoLand bags S$1.2 billion in green loans

GuocoLand has secured, under the group’s green finance framework, two green club facilities, worth about S$1.2 billion in total, from DBS and OCBC.

https://www.businesstimes.com.sg/companies-markets/guocoland-bags-s1-2-billion-green-loans

https://www.zaobao.com.sg/realtime/singapore/story20250115-5738362

 

 

Global Economy & Real Estate

 

US Federal Reserve trio express confidence inflation will continue to slow

https://www.businesstimes.com.sg/international/us-federal-reserve-trio-express-confidence-inflation-will-continue-slow

 

US firms concerned about Trump tariff, immigration plans: Fed

https://www.businesstimes.com.sg/international/us-firms-concerned-about-trump-tariff-immigration-plans-fed

 

US consumer inflation rises in December but underlying pressures ease

https://www.businesstimes.com.sg/international/us-consumer-inflation-rises-december-underlying-pressures-ease

https://www.straitstimes.com/business/economy/us-consumer-prices-rose-for-third-straight-month-to-2-9-in-december

 

US mortgage rates pushing past 7% signal tough road ahead

https://www.businesstimes.com.sg/property/us-mortgage-rates-pushing-past-7-signal-tough-road-ahead

 

Luxury groups pin hopes on US as China weakness persists

https://www.businesstimes.com.sg/international/luxury-groups-pin-hopes-us-china-weakness-persists

 

Sorry Asean, Trump’s return may sideline South-east Asia’s economic aspirations

https://www.businesstimes.com.sg/international/asean/sorry-asean-trumps-return-may-sideline-south-east-asias-economic-aspirations

 

Canada readies tariffs on US$105 billion of US products if Trump hits first

https://www.businesstimes.com.sg/international/canada-readies-tariffs-us105-billion-us-products-if-trump-hits-first

https://www.straitstimes.com/world/canada-could-impose-tariffs-on-105-billion-worth-of-us-imports-source-says

 

Canadian home sales slow as buyers await more rate cuts

https://www.businesstimes.com.sg/property/canadian-home-sales-slow-buyers-await-more-rate-cuts

 

China is facing longest deflation streak since Mao era in 1960s

https://www.businesstimes.com.sg/international/global/china-facing-longest-deflation-streak-mao-era-1960s

China’s regions set bullish 2025 growth goal in guide for nation

https://www.businesstimes.com.sg/international/chinas-regions-set-bullish-2025-growth-goal-guide-nation

 

Hong Kong public flat now a gym? Tenants can be jailed for abusing system

https://www.scmp.com/news/hong-kong/society/article/3294850/hong-kong-public-flat-now-gym-tenants-could-be-jailed-abusing-system

 

Indonesian central bank announces surprise rate cut

https://www.straitstimes.com/business/economy/indonesian-central-bank-announces-surprise-rate-cut

 

Japan’s wholesale inflation steady at 3.8% in December

https://www.channelnewsasia.com/business/japans-wholesale-inflation-steady-38-december-4861646

https://www.businesstimes.com.sg/international/global/japans-wholesale-inflation-steady-3-8-december

 

Japan firms face serious labour crunch from aging population, survey shows

https://www.channelnewsasia.com/business/japan-firms-face-serious-labour-crunch-aging-population-survey-shows-4861516

 

Record 36.8 million tourists visited Japan in 2024

https://www.channelnewsasia.com/east-asia/record-368-million-tourists-visited-japan-2024-4859881

 

Los Angeles rental hits US$40,000 a month as fires roil housing market

https://www.businesstimes.com.sg/international/global/los-angeles-rental-hits-us40000-month-fires-roil-housing-market

 

Malaysian real estate getting a boost from chip and other high-growth sectors

https://www.businesstimes.com.sg/international/asean/malaysian-real-estate-getting-boost-chip-and-other-high-growth-sectors

 

Stagnant pay, skills and jobs mismatch: How can Malaysia tackle these 3 ‘paradoxes’?

https://www.channelnewsasia.com/asia/malaysia-skilled-labour-jobs-university-tvet-4859056

 

New York City apartment values expected to jump 7.3%

https://www.businesstimes.com.sg/property/new-york-city-apartment-values-expected-jump-7-3

 

Thailand eases visa rules for professionals, wealthy foreigners

https://www.businesstimes.com.sg/international/thailand-eases-visa-rules-professionals-wealthy-foreigners

 

UK house prices rise by most since Feb 2023

https://www.businesstimes.com.sg/property/uk-house-prices-rise-most-feb-2023

 

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