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.zaobao.com.sg/realtime/singapore/story20250115-5735986
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.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.
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
US firms concerned about Trump tariff, immigration plans: Fed
US consumer inflation rises in December but underlying pressures ease
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
Canada readies tariffs on US$105 billion of US products if Trump hits first
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
China’s regions set bullish 2025 growth goal in guide for nation
Hong Kong public flat now a gym? Tenants can be jailed for 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
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
Malaysian real estate getting a boost from 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
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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