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The Leading Professional and Representative Body for the Real Estate Industry

DAILY NEWS

 

Daily News 17 January 2025 (Fri)

Singapore Real Estate / Built Environment

 

Singapore government ‘not averse’ to more property cooling measures if necessary: Desmond Lee

The government is “not averse” to implementing more cooling measures on the property market if needed, said National Development Minister Desmond Lee.

https://www.businesstimes.com.sg/property/singapore-government-not-averse-more-property-cooling-measures-if-necessary-desmond-lee

https://www.straitstimes.com/singapore/housing/govt-not-averse-to-more-property-cooling-measures-if-necessary-desmond-lee

https://www.channelnewsasia.com/singapore/singapore-not-averse-new-property-cooling-measures-desmond-lee-4860611

 

Over 50,000 flats to be launched from 2025 to 2027; HDB will exceed earlier target: Desmond Lee

Some 19,600 Build-To-Order (BTO) flats will be launched in 2025, as part of continued efforts by the authorities to address shocks to the housing market caused by the Covid-19 pandemic.

https://www.straitstimes.com/singapore/housing/over-50k-flats-to-be-launched-from-2025-to-2027-spore-will-exceed-5-year-hdb-flat-launch-target

https://www.businesstimes.com.sg/property/hdb-supply-19600-bto-flats-2025-amid-continued-rise-resale-prices

https://www.channelnewsasia.com/singapore/19600-bto-flats-launched-2025-desmond-lee-4859601

https://www.zaobao.com.sg/realtime/singapore/story20250116-5741067

 

 

Singapore Economy/News

 

Singapore and India’s ‘natural partnership’ on new trajectory: President Tharman

Business links between Singapore and India are thriving and the “natural partnership” between both countries is on a new trajectory, said President Tharman Shanmugaratnam. Newer areas of collaboration include advanced manufacturing and work in the digital and sustainability spaces.

https://www.straitstimes.com/singapore/singapore-and-indias-natural-partnership-on-new-trajectory-president-tharman

https://www.zaobao.com.sg/realtime/singapore/story20250116-5743209

 

Singapore key exports extend growth, with December exports up 9%

Singapore’s non-oil domestic exports (NODX) grew 9 per cent year on year, as both electronics and non-electronics shipments rose, data from Enterprise Singapore (EnterpriseSG) showed on Friday (Jan 17).

https://www.businesstimes.com.sg/singapore/economy-policy/singapore-key-exports-extend-growth-december-exports-9

https://www.straitstimes.com/business/economy/singapore-key-exports-beat-forecasts-to-rise-9-in-december

https://www.zaobao.com.sg/realtime/singapore/story20250117-5746796

 

Singapore, Malaysia chambers of commerce and UOB ink accord to facilitate cooperation, trade in JS-SEZ and region

Over 100,000 companies in Singapore and Malaysia are set to benefit from enhanced cross-border business collaboration at the Johor-Singapore Special Economic Zone (JS-SEZ) and beyond, following an agreement inked on Thursday (Jan 16).

https://www.businesstimes.com.sg/singapore/singapore-malaysia-chambers-commerce-and-uob-ink-accord-facilitate-cooperation-trade-js-sez-and

https://www.straitstimes.com/business/uob-inks-mou-with-chambers-of-commerce-to-boost-collaboration-and-investments-in-johor-spore-sez

 

Changi Airport ranked world’s fourth-busiest international airport in 2024

Changi Airport was the fourth-busiest international airport in 2024 in terms of airline seat capacity. The airport had a total international seat capacity of 41.5 million seats in 2024, up 15 per cent from 36.1 million in 2023, according to the latest figures released by global travel data provider OAG Aviation on Jan 15.

https://www.straitstimes.com/singapore/changi-airport-ranked-worlds-fourth-busiest-international-airport-in-2024

 

Record 691,000 Singaporeans visited Japan in 2024

A record-breaking 691,100 Singaporeans visited Japan in 2024, said the Japan National Tourism Organisation’s (JNTO) Singapore Office on Wednesday (Jan 15).

https://www.businesstimes.com.sg/international/global/record-691000-singaporeans-visited-japan-2024

https://www.straitstimes.com/singapore/a-record-breaking-691000-singaporeans-visited-japan-in-2024

 

 

Business News

 

CDL divests over S$600 million of assets in 2024, including Suzhou project

City Developments Ltd (CDL) achieved total divestments of more than S$600 million in 2024 as part of its capital recycling initiative, announced the real estate company in a bourse filing on Thursday (Jan 16).

https://www.businesstimes.com.sg/companies-markets/cdl-divests-over-s600-million-assets-2024-including-suzhou-project

https://www.straitstimes.com/business/companies-markets/cdl-divests-over-600-million-of-assets-in-2024-including-suzhou-project

https://www.zaobao.com.sg/realtime/singapore/story20250116-5744552

 

Frasers Property shareholders raise questions on gearing and emerging market strategies

Frasers Property is placing a sharper focus on capital efficiency as the group seeks to reduce its gearing to a more comfortable range.

https://www.businesstimes.com.sg/property/frasers-property-shareholders-raise-questions-gearing-and-emerging-market-strategies

 

Mapletree Logistics Trust to sell Tuas property for S$11.18 million, 39.8% above valuation

HSBC Institutional Trust Services, the trustee of Mapletree Logistics Trust (MLT), has entered into a purchase agreement to divest a property at 8, Tuas View Square for about S$11.18 million.

https://www.businesstimes.com.sg/companies-markets/mapletree-logistics-trust-sell-tuas-property-s11-18-million-39-8-above-valuation

https://www.zaobao.com.sg/realtime/singapore/story20250116-5745595

 

 

Global Economy & Real Estate

 

World Bank warns of challenges ahead for developing economies

https://www.businesstimes.com.sg/international/world-bank-warns-challenges-ahead-developing-economies

 

Yellen says Trump’s plan for new revenue agency won’t save money for taxpayers

https://www.businesstimes.com.sg/international/yellen-says-trumps-plan-new-revenue-agency-wont-save-money-taxpayers

 

J.P.Morgan forecasts spending on data centers could boost US GDP by 20 basis points in 2025-26

https://www.channelnewsasia.com/business/jpmorgan-forecasts-spending-data-centers-could-boost-us-gdp-20-basis-points-2025-26-4863706

 

US retail sales broadly advance, capping a solid holiday season

https://www.businesstimes.com.sg/international/us-retail-sales-broadly-advance-capping-solid-holiday-season

 

US homebuilders’ sales expectations slip as financing costs rise

https://www.businesstimes.com.sg/property/us-homebuilders-sales-expectations-slip-financing-costs-rise

 

Australia’s jobless rate stays low as hiring gains persist

https://www.businesstimes.com.sg/international/australias-jobless-rate-stays-low-hiring-gains-persist

 

Chinese buyers interested in unwanted German Volkswagen factories, source says

https://www.businesstimes.com.sg/international/chinese-buyers-interested-unwanted-german-volkswagen-factories-source-says

 

China’s local governments raise minimum wages to boost consumption

https://www.scmp.com/economy/china-economy/article/3295043/chinas-local-governments-raise-minimum-wages-boost-consumption

 

Weak yen to fuel more Hong Kong outbound travel to Japan: tourism sector

https://www.scmp.com/news/hong-kong/hong-kong-economy/article/3295086/weak-yen-fuel-more-hong-kong-outbound-travel-japan-tourism-sector

 

Hong Kong tycoon raising HK$389 million to boost city’s image

https://www.businesstimes.com.sg/international/hong-kong-tycoon-raising-hk389-million-boost-citys-image

https://www.scmp.com/news/hong-kong/politics/article/3295090/tycoon-kadoorie-plans-us50-million-drive-promote-hong-kong-worldwide

 

Hong Kong weighs raising taxes on top earners for second year

https://www.businesstimes.com.sg/international/hong-kong-weighs-raising-taxes-top-earners-second-year

https://www.straitstimes.com/business/economy/hong-kong-weighs-raising-taxes-on-top-earners-for-second-year

 

Hong Kong’s shuttered Physical gym chain owner sells 4 flats at over 40% discount

https://www.scmp.com/business/article/3295035/hong-kongs-shuttered-physical-gym-chain-owner-sells-4-flats-over-40-discount

 

Indonesia issues regulation to implement global minimum tax

https://www.businesstimes.com.sg/international/asean/indonesia-issues-regulation-implement-global-minimum-tax

 

Airbnb to spend millions in lobbying New York to ease rental ban

https://www.businesstimes.com.sg/property/airbnb-spend-millions-lobbying-new-york-ease-rental-ban

 

UK housing market at risk from bond turmoil, surveyors warn

https://www.businesstimes.com.sg/property/uk-housing-market-risk-bond-turmoil-surveyors-warn

 

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