Singapore Real Estate / Built Environment
New water play park, sports facilities part of S$324 million 5-year plan to upgrade Marine Parade Town
More than 140 new projects will be rolled out under a five-year plan for Marine Parade Town that could cost the town council and its partner agencies over S$324 million (US$247 million). Among them are a water play park featuring a flying fox and three new sports facilities within housing estates. The plan also includes projects which were previously announced, such as a polyclinic in Serangoon.
https://www.zaobao.com.sg/realtime/singapore/story20250419-6211725
Singapore GCB market sees interest picking up amid global uncertainty
While the market for Good Class Bungalow (GCB) properties has slowed from its peak in 2021, sales are picking up and prices remain supported by wealthy locals and high-net-worth individuals settling in Singapore.
Teo Hock Seng’s Old Holland Road bungalow up for auction with S$36 million opening price
Teo Hock Seng, executive chairman of automotive group Komoco Holdings, has put up for auction his freehold Good Class Bungalow (GCB) along Old Holland Road for at least S$36 million.
Singapore News / GE 2025
Singapore can overcome whatever challenges ahead if it stays united, says PM Wong
Singapore can overcome whatever challenges lie ahead as long as its people remain united, Prime Minister Lawrence Wong said on Sunday (Apr 20). He was speaking at the Sembawang GRC Health Carnival. Sembawang is the final stop in his series of constituency visits as prime minister. These visits began in June 2024, not long after Mr Wong was sworn in to the country’s top job.
https://www.channelnewsasia.com/singapore/pm-lawrence-wong-sembawang-unity-5076481
https://www.zaobao.com.sg/realtime/singapore/story20250420-6214835
MAS’ private market proposal spells a new era for retail investing in Singapore
The Monetary Authority of Singapore (MAS) has signalled a potential shift in Singapore’s investment landscape by seeking feedback for its proposed private market regulatory framework. The call for feedback stems from a growing demand from retail investors for private market investments, and interest from industry players to offer retail investors such products.
NTUC ‘closely monitoring’ impact of US tariffs, will ensure workers continue to receive support
The National Trades Union Congress (NTUC) is “closely monitoring” the impact of the recent tariffs announced by the US and the retaliatory tariffs by other countries, which it said was “likely to disrupt” global supply chains and investment flows.
GE2025: Elections Department gets 245 applications for political donation certificate
Total of 245 people have applied for political donation certificates for the May 3 General Election. The Elections Department (ELD) said in a statement on April 20 that it had received the 245 requests by the April 19 application deadline. This means there could be as many candidates contesting the 97 seats in Parliament.
https://www.zaobao.com.sg/realtime/singapore/story20250420-6214996
About 20 PAP MPs likely to retire before GE2025, six confirmed so far
About 20 PAP MPs are likely to retire before the upcoming election, with six confirmed so far. They are Defence Minister Ng Eng Hen and two-term MP Chong Kee Hiong, both Bishan-Toa Payoh GRC MPs, and Senior Minister of State for Transport and Sustainability and the Environment Amy Khor, who was MP for Hong Kah North.
GE2025: Red Dot United proposes cash transfer to all Singaporeans in election manifesto
The opposition Red Dot United (RDU) has proposed that an unconditional cash transfer be given to all Singaporeans to increase their financial security, amid rising costs and economic uncertainty. All Housing Board flats should also be eligible for redevelopment so that older ones can retain their value, instead of experiencing lease decay.
https://www.channelnewsasia.com/singapore/ge2025-red-dot-united-rdu-manifesto-5075551
GE2025: SDP unveils ‘Thrive’ manifesto with proposals from tax to immigration and housing
The Singapore Democratic Party’s (SDP) election manifesto, built around the acronym “Thrive”, lays out proposals from cutting the goods and services tax (GST) to its own public housing scheme. The party launched its manifesto on Apr 20, a day after unveiling its campaign slogan, “Thrive, Not Just Survive”. Party chairman Paul Tambyah said that the manifesto ties in with the campaign slogan.
https://www.channelnewsasia.com/singapore/ge2025-singapore-peoples-party-spp-manifesto-5074416
https://www.zaobao.com.sg/realtime/singapore/story20250420-6215565
GE2025: SPP launches manifesto, proposes distributing government surpluses as CDC vouchers
The Singapore People’s Party (SPP) has launched its manifesto ahead of the 2025 General Election on May 3. The 16-page manifesto titled “It is Time” was launched on Apr 19, as the party gears up to field five candidates to contest in Bishan-Toa Payoh GRC and Potong Pasir SMC.
Business News
CDL answers shareholders’ concerns on NAV-share price gap, board cohesion, Sherman Kwek’s strategy
City Developments Ltd, which was recently embroiled in a family power struggle, has responded to a wide range of questions from shareholders spanning its share price decline to queries from the Securities Investors Association (Singapore), or Sias.
https://www.zaobao.com.sg/realtime/singapore/story20250419-6210544
Keppel secures S$2 billion in fresh capital commitments across flagship funds
Keppel secured fresh capital commitments of close to S$2 billion across three flagship funds, the Keppel Data Centre Fund III (KDCF III), the Keppel Education Asset Fund II (KEAF II) and the Sustainable Urban Renewal (SUR) strategy.
Keppel DC Reit lead independent director Kenny Kwan fails to get re-elected at AGM
Keppel DC Real Estate Investment Trust (Reit) lead independent director and chair of its nomination and remuneration committee Kenny Kwan failed to get re-elected at the annual general meeting (AGM) on Apr 15.
Global Economy / Real Estate News
US mortgage rates surge by most in a year as tariffs hit markets
https://www.businesstimes.com.sg/property/us-mortgage-rates-surge-most-year-tariffs-hit-markets
With inflation progress slow, Fed’s Daly says rate cuts may need to wait
Trump raises Powell firing as ire toward Fed chair explodes
Asia-Pacific office tenants eye flexible spaces, short leases as trade war pressures rents
China accelerates budget spending to counter tariff woes
https://www.businesstimes.com.sg/international/china-accelerates-budget-spending-counter-tariff-woes
Mainland tourists seek out US goods in Hong Kong amid trade war, but few buy: retailers
Dubai real estate firms explore Islamic bonds amid boom
https://www.businesstimes.com.sg/property/dubai-real-estate-firms-explore-islamic-bonds-amid-boom
A third of German firms plan job cuts in 2025
https://www.businesstimes.com.sg/international/third-german-firms-plan-job-cuts-2025
‘Hong Kong could fall short of 2% growth forecast amid Trump tariffs’
Hong Kong’s re-exporters on edge despite US tariff exemption on electronics
Why fixing flats to make them safe for Hong Kong’s elderly is booming business
Indonesia says to increase US imports, lower orders from other countries
Malaysia’s Q1 growth expected to come in below expectations at 4.4% as US tariffs cast shadow over outlook
South Korea proposes 12.2 trillion won extra budget to underpin growth amid tariff turmoil
Vietnam tycoon awaits appeal verdict in US$17.7 billion money-laundering case
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