Singapore Real Estate / Built Environment
SingPost puts up 10 HDB shophouses for S$50 million in sale-and-leaseback bid
National postal service provider Singapore Post (SingPost) has put up 10 Housing & Development Board (HDB) shophouses for sale and leaseback under its plan to divest non-core assets.
https://www.zaobao.com.sg/realtime/singapore/story20250619-6891980
Two-room flexible flats expected to remain popular in July pre-sale HDB sales
The second round of pre-sale HDB flats sales this year will start in July, and real estate analysts generally expect that the demand for two-room flexible flats among singles will continue to rise.
https://www.zaobao.com.sg/news/singapore/story20250619-6725950
Million-dollar HDB resale flat deals on track for record as supply crunch bites, demand holds steady
Amid tight supply and steady demand for larger units, the proportion of Housing & Development Board (HDB) resale flats fetching at least S$1 million has climbed to nearly 6 per cent of the year-to-date sales as at mid-June. Analysts now expect the number of such deals to hit a record this year.
Singapore News
PM Wong to deliver National Day Rally speech on Aug 17
Prime Minister Lawrence Wong will deliver his 2025 National Day Rally speech on Aug 17 at ITE College Central in Ang Mo Kio, the Prime Minister’s Office said on June 19. At his first National Day Rally in 2024, PM Wong spoke first in Malay, then in Mandarin and English.
https://www.straitstimes.com/singapore/pm-wong-to-deliver-national-day-rally-speech-on-aug-17
MOF says SRS withdrawal process ‘can be improved’; to work with banks
The government will work with Supplementary Retirement Scheme (SRS) bank operators to improve the process of withdrawing funds from their account.
Other News
Zika cases detected in Woodlands: What you need to know about the virus
Two Zika cases have been confirmed in Woodlands Street 11 and Street 32 on June 19. The National Environment Agency (NEA) said enhanced surveillance has revealed persistent Zika virus signals in the area, which suggest it is an area with likely Zika transmission. The Zika virus has been found in wastewater or mosquito samples collected in the vicinity of the reported cases.
https://www.channelnewsasia.com/singapore/zika-cases-woodlands-street-11-32-mosquito-virus-5191406
https://www.zaobao.com.sg/news/singapore/story20250619-6893070
Flights to Indonesia’s Bali resume after disruption by volcano eruption
All flights to and from the Indonesian resort island of Bali resumed on Thursday (Jun 19) after being cancelled or delayed due to eruptions of Mount Lewotobi Laki-laki, officials said.
223 people under investigation over scams involving more than $3.89m in losses
More than 200 people suspected to be scammers or money mules are assisting the police with investigations over scam cases in which victims lost more than $3.89 million.
https://www.zaobao.com.sg/realtime/singapore/story20250619-6896016
Global Economy / Real Estate News
Fed’s Powell says he expects to see more tariff-driven price hikes in coming months
Oil prices up nearly 3% as Israel-Iran conflict escalates, US response remains uncertain
China keeps benchmark lending rates unchanged as expected in June
China’s 618 shopping fest sets record, but daily spending slips
Hong Kong Monetary Authority says outlook for local currency uncertain
Hong Kong employment bill not foolproof, may still allow worker exploitation: lawmakers
Hong Kong buyers forfeit deposits on Grand Mayfair project after 25% market slump
Hong Kong presses ahead with plans to regulate notorious subdivided flats
Japan’s prices climb by most in two years ahead of election
https://www.businesstimes.com.sg/international/japans-prices-climb-most-two-years-ahead-election
https://www.channelnewsasia.com/east-asia/rice-price-double-japan-core-inflation-37-5193131
Malaysia’s Anwar says trade talks with US have been ‘excellent’
Malaysia’s goods and service tax hike: ‘Necessary’ but at what cost to businesses and consumers?
Philippines cuts key rate again as inflation stays below target
Swiss National Bank cuts interest rate to zero in effort to stop franc inflows
Taiwan leaves benchmark interest rate unchanged, as expected
Thailand PM apologises as crisis threatens to topple government
UK consumer confidence rises, extending a ‘fragile’ rebound
Bank of England keeps rates steady, sees further loosening as jobs market weakens
Non-doms are trying to sell London homes, but no one wants them
https://www.businesstimes.com.sg/property/non-doms-are-trying-sell-london-homes-no-one-wants-them
Evergrande chairman’s ex-wife bought London luxury homes after property giant defaulted on loans
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