Singapore Real Estate / Built Environment
Major housing policy moves unlikely so soon after rollout of new BTO classification, enhanced grants
While Prime Minister Lawrence Wong has said he is looking for ways to support families in Budget 2025, this is unlikely to take the form of further major housing policy changes, said observers.
The Orie by CDL, Frasers, Sekisui sells 86% of units at average of S$2,704 psf at launch
Leasehold residential development The Orie kickstarted 2025’s new launches by selling 668 units – around 86 per cent of the 777 available – over its launch weekend. Units were sold at an average price of S$2,704 per square foot (psf).
https://www.zaobao.com.sg/realtime/singapore/story20250119-5757486
New community hub in Siglap to get running track, rooftop gym and jamming studio
Singapore – A new, upcoming community club in Siglap will span over 8,000 sq m – more than triple the size of the existing facility it will replace – and contain amenities such as a 300m running track, jamming studio and a rooftop gym.
New community hub in Bedok North with therapy cats, shared kitchen to be ready by end-2025
A new community hub in Bedok North will house facilities such as a kitchen for home-based businesses to experiment with recipes and conduct culinary workshops, as well as a therapy centre for people to interact with rescue cats.
https://www.channelnewsasia.com/singapore/new-community-hub-bedok-north-community-facilities-4872106
Singapore Economy/News
More support on the way to help Singaporeans cope with cost of living: SM Lee
Singapore will continue to invest in its people and prepare them for the opportunities and challenges ahead, Senior Minister Lee Hsien Loong said on Saturday (Jan 18), adding that amid worries about the cost of living, the government will help Singaporeans in various ways.
https://www.zaobao.com.sg/realtime/singapore/story20250118-5752862
Singapore strong enough to withstand ‘collateral impact’ from US-China trade war, tariffs: HSBC
Despite the risk of the “collateral impact” from an ongoing US-China trade war that is expected to escalate, Singapore should be able to withstand moderated growth, said Frederic Neumann, chief Asia economist at HSBC.
Singapore’s manufacturing outlook ‘slightly better’ in 2025, but mostly for tech-related production: SMF
Singapore’s manufacturing outlook for 2025 is “slightly better” than last year, but growth is likely to be uneven, with advanced manufacturing industries gaining the most, said Singapore Manufacturing Federation’s (SMF) president Lennon Tan.
Business News
CDL New Zealand unit proposes to buy Millennium & Copthorne Hotels stake at NZ$2.25 a share
City Developments Ltd’s (CDL) wholly owned subsidiary intends to purchase all the fully paid ordinary shares in hotel company Millennium & Copthorne Hotels New Zealand that it does not already own for NZ$2.25 a share.
Former Sabana Reit director Charlie Chan, other unitholders requisition EGM; seek to conduct ‘price discovery’ on assets
The manager of Sabana Industrial Real Estate Investment Trust has received a requisition notice for an extraordinary general meeting (EGM) from unitholders owning over 10 per cent of the trust.
Views, Reviews, Forum and Others
CPF Special Account for 1.4 million members closed on Jan 19
The Special Accounts (SA) of some 1.4 million Central Provident Fund (CPF) members aged 55 and above were closed on Sunday (Jan 19), said the CPF Board in a news release.
https://www.businesstimes.com.sg/singapore/cpf-special-account-1-4-million-members-closed-jan-19
https://www.zaobao.com.sg/news/singapore/story20250120-5756901?ref=today-news-section-card-1
6 more nabbed for allegedly using ICA e-service to illegally change other people’s addresses
Another six people have been arrested over their alleged links to cases in which the home addresses of people were changed online through the Immigration and Checkpoints Authority’s (ICA) e-service without their knowledge.
Bus, train services to be extended on Chinese New Year Eve
Those planning to stay out late on Jan 28, the eve of Chinese New Year, will have more transport options, with SBS Transit offering later services on selected MRT lines and bus routes.
https://www.straitstimes.com/singapore/bus-train-services-to-be-extended-on-eve-of-chinese-new-year
Global Economy & Real Estate
Trump’s economic plans could cause inflation: IMF chief economist
Why Trump’s plan to escalate tariffs has so many haters
https://www.businesstimes.com.sg/international/why-trumps-plan-escalate-tariffs-has-so-many-haters
What to expect on Trump’s Inauguration Day
https://www.businesstimes.com.sg/international/what-expect-trumps-inauguration-day
Chicago – ‘Home Alone’ house sells above asking price at US$5.5 million
https://www.businesstimes.com.sg/property/home-alone-house-sells-above-asking-price-us5-5-million
Chinese economic growth among slowest in decades
https://www.businesstimes.com.sg/international/global/chinese-economic-growth-among-slowest-decades
China home prices fall at slower pace as stimulus takes hold
https://www.businesstimes.com.sg/property/china-home-prices-fall-slower-pace-stimulus-takes-hold
Kuwaiti developers seek to tap property boom in Dubai’s neighbour
https://www.businesstimes.com.sg/property/kuwaiti-developers-seek-tap-property-boom-dubais-neighbor
‘Hong Kong to welcome 1.45 million mainland tourists over Lunar New Year’
Company registrations in Hong Kong hit record high in 2024
60% of Hongkongers in subdivided flats say proposed minimum too small: poll
Hong Kong to expedite approvals to keep construction sector from contracting
More foreign property investors are likely to sell their Greater Bay Area assets in 2025
First-time homebuyers snap up Tuen Mun flats amid easing uncertainty around Trump policy
Chinese tycoon’s luxury mansion in Hong Kong sees 60% price cut
Israeli cabinet approves Gaza ceasefire accord, due to take effect Jan 19
https://www.channelnewsasia.com/world/israel-approves-gaza-ceasefire-deal-hostages-4872046
Japan projects primary budget surplus in fiscal 2026, delayed by a year
IMF expects more Bank of Japan interest rate hikes in 2025 and 2026
Malaysia’s economic growth may slow to 4.8% in Q4, below forecast
UK home asking prices show biggest early-year rise since 2020: Rightmove
UK market turbulence pushes mortgage costs to 5-month high
https://www.businesstimes.com.sg/property/uk-market-turbulence-pushes-mortgage-costs-five-month-high
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