Singapore Real Estate / Built Environment
New private home sales in May lowest for 2025, but up 40% year on year
With no new projects launched in May, developers in Singapore sold 312 private homes in the month, less than half the 663 units transacted in April.
https://www.businesstimes.com.sg/property/new-private-home-sales-may-lowest-2025-40-year-year
https://www.zaobao.com.sg/finance/singapore/story20250616-6806880
Consider ideas such as HDB homes, wellness resort for Tyersall Avenue near Singapore Botanic Gardens
Could some new luxury low-rise apartments or landed homes be coming up soon in prime District 10 near the Singapore Botanic Gardens? Such private homes are likely to be well-received by buyers as they will sit in a desirable established residential enclave.
Rental voucher scheme for families waiting for BTO flat completion extended until end of year
A voucher scheme that defrays the rental costs of young couples and families waiting for their Build-To-Order (BTO) flats to be completed will be extended for six months, until the end of this year, the HDB said on June 16.
https://www.channelnewsasia.com/singapore/monthly-rental-voucher-pphs-hdb-flat-bedroom-bto-5184076
Singapore Economy / News
Bilateral ties in ‘excellent shape’ as Singapore, Indonesia expand cooperation
Bilateral relations between Singapore and Indonesia are in “excellent shape”, and both countries seek to “chart even stronger ties in this new era of cooperation”, said Prime Minister Lawrence Wong on Monday (Jun 16).
Acting Transport Minister Jeffrey Siow expects autonomous vehicles on Singapore’s roads in the next five years
In five years, self-driving vehicles could ply Singapore’s roads and eventually change the dynamics of driving, said Acting Transport Minister Jeffrey Siow. Autonomous vehicles (AVs) are part of plans to improve the country’s public transport system, which the newly minted politician has declared as his priority.
Singapore’s key exports chart surprise 3.5% slide in May as non-electronics decrease
The Republic’s key exports declined 3.5 per cent on the year in May after April’s surge, contrary to market expectations, data from Enterprise Singapore showed on Tuesday (Jun 17).
https://www.channelnewsasia.com/singapore/key-exports-non-oil-domestic-enterprise-sg-5186126
https://www.zaobao.com.sg/realtime/singapore/story20250617-6816547
Global Economy / Real Estate News
Fed’s rate-cut pause may stretch into 2026 after Israel’s attack on Iran
Judge extends pause on Trump bid to block Harvard foreign students
World Bank flags drop in foreign investment to developing countries
China’s May factory output slows, retail sales surprisingly upbeat
https://www.channelnewsasia.com/business/china-economy-factory-output-may-consumption-5183966
China reviews impact of US data curbs due to Trump’s budget cuts
China housing demand to stay at 75% below peak, Goldman says
https://www.businesstimes.com.sg/property/china-housing-demand-stay-75-below-peak-goldman-says
China’s home prices dip in May, extending two-year stagnation
https://www.businesstimes.com.sg/property/chinas-home-prices-dip-may-extending-two-year-stagnation
China ‘stepping in’ as property concerns mount, but no ‘treading the old path’
20% tourist spike in May as more than 4 million visit Hong Kong
Hong Kong’s shelved plan for 8,300 public flats to face 90% higher cost per home
Bank Indonesia to hold rates steady at 5.50% on June 18
https://www.channelnewsasia.com/business/bank-indonesia-hold-rates-steady-550-june-18-5184701
Bank of Japan to weigh slowdown in bond buying cuts after volatility rises
South Korea to introduce second extra budget for 2025
https://www.straitstimes.com/asia/east-asia/south-korea-to-introduce-second-extra-budget-for-2025
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