Singapore Real Estate / Built Environment
Where new homes are being built in Singapore’s east
The eastern part of Singapore is expected to see most significant redevelopment among all regions because more than 200,000 new homes may be constructed in the east, primarily through the expansion of Bayshore, the redevelopment of the former Paya Lebar Air Base, and the construction of Long Island.
Wealthy Chinese lose interest in US and Singapore homes
Chinese interest in US and Singapore homes has fallen as ultra-wealthy buyers prioritise lifestyle and investment over emigration, data from real estate technology group Juwai IQI showed.
Singapore Economy / GE 2025
Singapore to expand trade pacts, push WTO reform amid escalating US-China tensions: DPM Gan
Singapore will expand trade ties, forge new alliances and push to reform the World Trade Organization (WTO) in response to escalating global trade tensions, said Deputy Prime Minister Gan Kim Yong at an event on Thursday (Apr 17).
US tariffs may pose threat to security situation in Singapore: Shanmugam
Tariffs imposed by the US may pose a threat to global security as international relations are fundamentally reshaped. Moving away from a rules-based system also means every country will have to look to itself for security, said Home Affairs Minister K. Shanmugam on April 17.
https://www.zaobao.com.sg/news/singapore/story20250417-6205432
Singapore’s March exports ease, missing analysts’ expectations; forecast tipped for downgrade
Singapore’s key exports rose at a much slower pace in March, missing the forecasts of analysts who had expected double-digit growth. Non-oil domestic exports (NODX) grew 5.4 per cent year on year (yoy) in March, easing from the 7.6 per cent increase the month before, data from Enterprise Singapore (EnterpriseSG) showed on Thursday (Apr 17).
Temasek’s Chia Song Hwee to succeed Tan Chong Meng as JTC chairman from July
Chia Song Hwee, deputy chief executive officer of Temasek International, will become chairman-designate of JTC on May 1 and take over as chairman from Jul 1. He succeeds Tan Chong Meng, 64, who will step down on Jun 30 after more than six years in the role, JTC said on Thursday (Apr 17).
https://www.straitstimes.com/singapore/jtc-to-welcome-new-chairman-on-july-1
https://www.zaobao.com.sg/realtime/singapore/story20250417-6204992
GE2025: With ‘far greater stakes’ this election, PAP manifesto provides ‘road map to navigate a changed world’
In a profoundly changing world, this general election carries “far greater stakes”, said Prime Minister Lawrence Wong at the launch of the People’s Action Party (PAP) manifesto on Thursday (Apr 17) morning.
https://www.zaobao.com.sg/news/singapore/story20250417-6205391
WP manifesto charts what it sees as working for Singapore
Singapore – In the 122 pages of the Workers’ Party manifesto, launched on April 17, some 10 pages early on are perhaps the most interesting. The party typically set out its views, intentions and proposals in the document, but this time around, it also included a section to highlight its impact on public policy.
https://www.zaobao.com.sg/news/singapore/story20250417-6206127
Business News
Frasers Property Industrial in capital partnership for A$600 million Aussie industrial assets
Frasers Property Industrial has entered into a capital partnership with an investment vehicle sponsored by Morgan Stanley Real Estate Investing for industrial assets in Australia.
OCBC Centre is ‘anchor’ for the bank; no plans to sell heritage site: board chairman
OCBC has no plans to sell its properties in Singapore’s central business district – and this includes the OCBC Centre, which has heritage value for the lender, said board chairman Andrew Lee.
https://www.zaobao.com.sg/realtime/singapore/story20250417-6205440
PGIM to invest US$2 billion in Asia property, unfazed by tariffs
PGIM Real Estate, the property arm of Prudential Financial’s asset manager, expects to invest about US$2 billion across the Asia-Pacific region this year even as Donald Trump’s trade policies fuel concern about economic growth.
https://www.businesstimes.com.sg/property/pgim-invest-us2-billion-asia-property-unfazed-tariffs
Global Economy / Real Estate News
World economy likely to avoid recession despite tariffs, IMF chief says
US housing starts decline by most in a year on single-family homes
https://www.businesstimes.com.sg/property/us-housing-starts-decline-most-year-single-family-homes
Trump’s tariff war is ‘hurting all US assets’, investor warns
Trump says he is reluctant to keep raising tariffs on China
https://www.businesstimes.com.sg/international/trump-says-he-reluctant-keep-raising-tariffs-china
‘It might kill off the whole industry’: What’s at stake as US-China tariff war hits Southeast Asia
Australia jobs rebound in March, markets still stuck on rate cuts
Xi’s No 2 signals openness to policy shift as tariffs hit
https://www.businesstimes.com.sg/international/xis-no-2-signals-openness-policy-shift-tariffs-hit
ECB cuts rates again to help economy weather erratic US trade policy
EU weighs export restrictions on US if trade negotiations fail
German home building permits decline in February, halting recovery
Hong Kong must become global supply chain hub to navigate US trade war: lawmakers
US tariffs force Hong Kong e-commerce operators to seek new markets
Japan’s inflation quickens as rice prices gain most in 50 years
New Zealand inflation accelerates more than expected to 2.5%
https://www.businesstimes.com.sg/international/new-zealand-inflation-accelerates-more-expected-2-5
Thai economic growth to see hit from US tariffs, central bank says
Cut shifts or ramp up output? Vietnam’s exporters face dilemma amid tariff chaos
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