Singapore Real Estate / Built Environment
URA, HDB launch sale sites at Lentor, River Valley, Marina Gardens, Woodlands
The Urban Redevelopment Authority (URA) and the Housing & Development Board (HDB) on Thursday (Oct 17) released four residential land parcels under the second half of the 2024 Government Land Sales (GLS) programme.
https://www.businesstimes.com.sg/property/ura-hdb-launch-sale-sites-lentor-river-valley-marina-gardens-woodlands
https://www.straitstimes.com/singapore/housing/ura-hdb-launch-sale-sites-in-lentor-river-valley-marina-gardens-woodlands
5,000 BTO flats, including in Tanjong Rhu and seaview units in Woodlands, to go on sale in February
A third Build-To-Order (BTO) project in Tanjong Rhu and a 1,500-unit development in Woodlands located near the sea are among five projects that will go on sale in February 2025.
https://www.businesstimes.com.sg/property/5000-bto-flats-including-tanjong-rhu-and-seaview-units-woodlands-go-sale-february
https://www.straitstimes.com/singapore/housing/tanjong-rhu-bto-project-woodlands-flats-near-the-sea-to-go-on-sale-in-february
https://www.zaobao.com.sg/news/singapore/story20241018-5168199
Business News
FLCT to acquire Tuas logistics facility for S$140.3 million
Frasers Logistics & Commercial Trust (FLCT) is set to acquire a six-storey ramp-up logistics facility in Tuas for S$140.3 million.
https://www.businesstimes.com.sg/companies-markets/reits-property/flct-acquire-tuas-logistics-facility-s140-3-million
Keppel DC Reit Q3 DPU up 0.4% at S$0.02501
Keppel DC Reit posted a distribution per unit (DPU) of S$0.02501 for the third quarter ended Sep 30, up 0.4 per cent from S$0.02492 in the previous corresponding period.
https://www.businesstimes.com.sg/companies-markets/keppel-dc-reit-q3-dpu-0-4-s0-02501
Global Economy & Real Estate
Big central banks are firmly in rate-cut mode
https://www.channelnewsasia.com/business/big-central-banks-are-firmly-rate-cut-mode-4685381
IMF warns low growth, less trade and debt imperil world’s future
https://www.businesstimes.com.sg/international/imf-warns-low-growth-less-trade-and-debt-imperil-worlds-future
US factory output contracts in September on strike, hurricanes
https://www.businesstimes.com.sg/international/us-factory-output-contracts-september-strike-hurricanes
US business inventories rise in August on retail stocks
https://www.businesstimes.com.sg/international/us-business-inventories-rise-august-retail-stocks
Strong discretionary spending lifts US retail sales in September
https://www.businesstimes.com.sg/international/strong-discretionary-spending-lifts-us-retail-sales-september
US weekly jobless claims unexpectedly fall
https://www.businesstimes.com.sg/international/us-weekly-jobless-claims-unexpectedly-fall7
Australia’s September employment again blows past forecasts, jobless rate steady
https://www.businesstimes.com.sg/international/australias-september-employment-again-blows-past-forecasts-jobless-rate-steady
US home builder confidence rises for second straight month
https://www.businesstimes.com.sg/property/us-home-builder-confidence-rises-second-straight-month
China’s economy likely to have slowed in Q3, Beijing’s 2024 target at risk
https://www.businesstimes.com.sg/international/chinas-economy-likely-have-slowed-q3-beijings-2024-target-risk
Nokia cuts 2,000 jobs in China, 350 in Europe as part of cost cuts: sources
https://www.businesstimes.com.sg/companies-markets/telcos-media-tech/nokia-cuts-2000-jobs-china-350-europe-part-cost-cuts-sources
https://www.straitstimes.com/business/companies-markets/nokia-cuts-2000-jobs-in-china-350-in-europe-as-part-of-cost-cuts-sources
China to expand financing for housing projects to 4 trillion yuan: housing minister
https://www.businesstimes.com.sg/property/china-expand-financing-housing-projects-4-trillion-yuan-housing-minister
China to almost double support for unfinished housing projects to $737 billion
https://www.straitstimes.com/business/property/china-to-boost-support-for-unfinished-properties-to-737-billion
Exclusive | China stimulus ‘should absolutely surpass’ 10 trillion yuan, government economist says
https://www.scmp.com/economy/policy/article/3282799/china-stimulus-should-absolutely-surpass-10-trillion-yuan-government-economist-says
ECB cuts rates again as eurozone economy stagnates
https://www.businesstimes.com.sg/international/ecb-cuts-rates-again-eurozone-economy-stagnates
Business chambers hail longer 5-year mainland China travel visa for Hong Kong expats
https://www.scmp.com/news/hong-kong/hong-kong-economy/article/3282805/business-chambers-hail-longer-5-year-mainland-china-travel-visa-hong-kong-expats
Hong Kong house sells for HK$845 million as luxury market improves
https://www.businesstimes.com.sg/property/hong-kong-house-sells-hk845-million-luxury-market-improves
Hong Kong mortgage tweak creates ‘positive expectation’ in property market: Paul Chan
https://www.scmp.com/business/article/3282774/hong-kong-mortgage-tweak-creates-positive-expectation-property-market-paul-chan
Hong Kong public housing supply to set pace of clampdown on landlords of subpar flats
https://www.scmp.com/news/hong-kong/society/article/3282804/hong-kong-public-housing-supply-set-pace-clampdown-landlords-subpar-flats
Japan’s core inflation slows in September on fuel subsidies
https://www.businesstimes.com.sg/international/japans-core-inflation-slows-september-fuel-subsidies
Japan’s exports fall most since 2021 amid global slowdown
https://www.businesstimes.com.sg/international/japans-exports-fall-most-2021-amid-global-slowdown
London luxury homes for sale at discounts rise 39% in a year
https://www.businesstimes.com.sg/property/london-luxury-homes-sale-discounts-rise-39-year
Malaysia’s budget eyed for catalysts to spur rebound in bonds
https://www.businesstimes.com.sg/international/asean/malaysias-budget-eyed-catalysts-spur-rebound-bonds
Weakening South Korea chip exports may support faster BOK rate cuts
https://www.businesstimes.com.sg/international/weakening-south-korea-chip-exports-may-support-faster-bok-rate-cuts
Thai Finance Minister says still wants higher inflation target after rate cut
https://www.channelnewsasia.com/business/thai-finance-minister-says-still-wants-higher-inflation-target-after-rate-cut-4684386
A $657 billion pile of debt weighs on new Thai leader as millions struggle to pay house and car loans
https://www.straitstimes.com/business/economy/a-657-billion-pile-of-debt-weighs-on-new-thai-leader-as-millions-struggle-to-pay-house-and-car-loans
https://www.businesstimes.com.sg/international/asean/us500-billion-pile-household-debt-weighs-new-thai-leader-millions-struggle-house-and-car-loans
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