Singapore Real Estate / Built Environment
Singapore construction sector sees fallout from US tariffs amid trade war truce
Singapore’s construction sector is starting to see some fallout from US President Donald Trump’s global tariffs, with firms here grappling with uncertainty over pricing and supply of raw materials, according to local industry associations.
How tech is reshaping Singapore’s built environment industry
Singapore’s built environment industry is a critical engine of its economy. Beyond constructing the homes, workplaces, and infrastructure that underpin daily life, the sector contributes about 3% to 5% of Singapore’s GDP annually.
Some Chinatown businesses see boost in sales with rejuvenation of iconic Smith Street
Some local businesses in Chinatown are enjoying a boost in sales – of up to 40 per cent – with the rejuvenation of the iconic Smith Street and a tie-up with the refreshed Chinatown Heritage Centre. Smith Street, located in the Chinatown conservation area, is undergoing a facelift to inject vibrancy and drive greater footfall. More tenants are currently renovating their spaces and will be opening within the next few months.
Build more CBD offices; go slow on decentralised offices and CBD homes
While many premier office buildings are clustered in Singapore’s bustling Central Business District (CBD), there are established decentralised office nodes islandwide in areas such as Alexandra Road, Buona Vista, Jurong, Novena, Paya Lebar and Tampines.
Singapore News
PM Wong set to unveil major Cabinet changes as 4G team, new faces step up
Fourth-generation (4G) ministers are expected to take over hefty portfolios held by the 3G in the upcoming Cabinet reshuffle, which is also set to bring new blood into the ranks of government.
Workers’ Party’s Andre Low, Eileen Chong to fill NCMP seats
Workers’ Party (WP) candidates Andre Low and Eileen Chong will fill the two available Non-Constituency Member of Parliament (NCMP) seats in Singapore’s next Parliament, the Elections Department (ELD) announced on Monday (May 19).
https://www.zaobao.com.sg/news/singapore/story20250519-6425446
Global Economy / Real Estate News
US Federal Reserve officials signal rates likely to stay on hold until at least September
US tariff wall to hurt S-E Asia petrochemical players as excess products flood the region
Trump tax bill passes in key US House committee vote
https://www.businesstimes.com.sg/international/trump-tax-bill-passes-key-us-house-committee-vote
Trump Organization eyes Trump Tower in Ho Chi Minh City, government document says
Dimon warns markets are underestimating geopolitical, inflation risks
Bali’s digital nomad boom reshapes local economy, sparks rising tensions over cost of living
Investment banks raise China’s GDP forecast after tariff pause
China’s factory output resists tariff impact, retail sales disappoint
China’s new home prices unchanged in April, show no growth for nearly two years
https://www.straitstimes.com/business/china-home-prices-drop-at-faster-pace-in-blow-during-trade-war
Vanke bond’s 144% rally shows credit strain easing after rescue
Top Hong Kong builder sees weekend sales frenzy
https://www.businesstimes.com.sg/property/top-hong-kong-builder-sees-weekend-sales-frenzy
Hong Kong home builders bring new flats to market, seizing on sentiment surge
Indonesia taps Singapore traders in US$12 billion Pertamina probe
Bank of Japan to keep hiking rates if economy rebounds from tariff hit: deputy governor
Malaysia partners with banks to boost investments in Johor special economic zone
Nike lays off some workers in shakeup of technology division
Thailand Q1 GDP growth beats forecast, but full-year forecast cut due to tariffs
Thailand unveils measures to shield firms from trade war fallout
UK strikes EU trade and defence reset in ‘new era’ for relations
Asking prices for UK homes have smallest spring rise since 2016: Rightmove
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