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.
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.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.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.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).
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.
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.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.
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.zaobao.com.sg/realtime/singapore/story20250116-5745595
Global Economy & Real Estate
World Bank warns of challenges ahead for developing economies
Yellen says Trump’s plan for new revenue agency won’t save money for taxpayers
J.P.Morgan forecasts spending on data centers could boost US GDP by 20 basis points in 2025-26
US retail sales broadly advance, capping a solid holiday season
US homebuilders’ sales expectations slip as financing costs rise
Australia’s jobless rate stays low as hiring gains persist
Chinese buyers interested in unwanted German Volkswagen factories, source says
China’s local governments raise minimum wages to boost consumption
Weak yen to fuel more Hong Kong outbound travel to Japan: tourism sector
Hong Kong tycoon raising HK$389 million to boost city’s image
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
Indonesia issues regulation to 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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