Singapore Real Estate / Built Environment
Sembawang Shipyard is expected to be redeveloped into a multi-purpose waterfront living area in the 2030s
After the Sembawang Shipyard is relocated, the land currently occupied by the shipyard will be redeveloped into a multi-purpose waterfront living area in the 2030s. Sembawang GRC MP, Coordinating Minister for Social Policies and Minister for Health Ong Ye Kung, recently visited the shipyard with MP Ng Shi Xuan, who is in charge of Naval Base for Sembawang GRC.
https://www.zaobao.com.sg/realtime/singapore/story20250617-6831224
Four large-format HDB retail units in Ang Mo Kio, Bukit Merah, Clementi, Toa Payoh for sale
Four Housing and Development Board (HDB) retail units located in the heart of various mature estates have been launched for sale through an expression of interest (EOI) exercise, said property consultant Knight Frank Singapore and real estate firm CBRE in a joint statement on Tuesday (Jun 17).
https://www.zaobao.com.sg/realtime/singapore/story20250617-6825245
Global Economy / Real Estate News
Fed to hold rates steady again as officials wait for more clarity on economy
US import prices unchanged in May
https://www.businesstimes.com.sg/international/us-import-prices-unchanged-may
US retail sales fall sharply in May
https://www.businesstimes.com.sg/international/us-retail-sales-fall-sharply-may
Trump says EU not offering ‘fair deal’ on trade
https://www.businesstimes.com.sg/international/global/trump-says-eu-not-offering-fair-deal-trade
Amazon’s corporate workforce may shrink as AI takes over routine tasks
Family offices look to raise allocations to non-US, developed markets equities: BlackRock survey
BlackRock says super-rich want private credit as PE returns lag
China tells citizens in Israel to leave ‘as soon as possible’
https://www.channelnewsasia.com/east-asia/china-citizens-israel-leave-iran-soon-possible-5186256
Bank of Korea to lower interest rates cautiously, minutes show
Britain’s housing splurge is long overdue
https://www.businesstimes.com.sg/property/britains-housing-splurge-long-overdue
Hong Kong’s rise to third in competitiveness index ‘due to civil service reform
Hong Kong businesses, social groups create platform to plan for ‘silver economy’
25% of Hong Kong employers plan to cut staff in next quarter: survey
Halt Lantau reclamation plan or risk Northern Metropolis bids: Hong Kong developers
Japan exports post first drop in eight months as US tariffs hit autos
Malaysia Reits on a roll as investors chase yield, but tax clouds loom
Philippine central bank to cut key rate on June 19 to support economic growth: Reuters poll
Tourism dip fuels worst stock drop in Asia at Thai airport firm
Vietnam parliament approves extension of VAT cut until end-2026
Ultra rich turn Vietnam into a new hot spot for luxury yachts
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