Singapore Real Estate
NS Square to be completed by 2027, a ‘national landmark’ for all Singaporeans: Ng Eng Hen
Singapore – The upcoming NS Square will be a space for national servicemen and their families, featuring a permanent stage deck and grandstand to host National Day Parades (NDPs) and other large-scale events, a water sports centre, and a public waterfront promenade.
https://www.straitstimes.com/singapore/ns-square-to-be-completed-by-2027-a-national-landmark-for-all-singaporeans-ng-eng-hen
Singapore pulls ahead in Southeast Asia’s race to win back Chinese tourists
While most of the world is still awaiting the return of deep-pocketed Chinese tourists, tiny Singapore is a global exception.
https://www.scmp.com/news/asia/southeast-asia/article/3256018/singapore-pulls-ahead-southeast-asias-race-lure-back-chinese-tourists
Tipping point for low-carbon buildings demand in sight: JLL
Demand for environmentally friendly buildings is set to increase strongly over the next two years, as companies with emissions-reduction commitments see their leases come up for renewal and seek a greener alternative, said real estate company JLL.
https://www.businesstimes.com.sg/property/tipping-point-low-carbon-buildings-demand-sight-jll
Sentiment up among real estate players in Q4 2023 amid economic growth, anticipated rate cuts: poll
Property sentiment in Singapore appeared to have revived in the final quarter of last year on expectations of interest-rate cuts and optimism over economic growth. That is according to a quarterly survey by the Institute of Real Estate and Urban Studies (Ireus) of the National University of Singapore (NUS).
https://www.businesstimes.com.sg/property/sentiment-among-real-estate-players-q4-2023-amid-economic-growth-anticipated-rate-cuts-poll
Condo leasing market continues decline in February, HDB rents hit new all-time high: SRX, 99.co
Singapore’s private rental market remained soft in February 2024, while Housing and Development Board (HDB) housing rents rose to reach a new all-time high after dipping the month before. Based on flash estimates released by SRX and 99.co on Tuesday (Mar 19), condominium rental prices fell 1 per cent from January to mark net negative growth for the 13th consecutive month.
https://www.businesstimes.com.sg/property/condo-leasing-market-continues-decline-february-hdb-rents-hit-new-all-time-high-srx-99.co
https://www.straitstimes.com/singapore/condo-leasing-market-continues-decline-in-february-while-hdb-rents-hit-new-all-time-high
Young couples voice concerns over housing loan limits under new HDB protocols
First-time homebuyers are raising questions over a lack of clarity in government policy on assessments for housing loans and grants given by the Housing and Development Board (HDB).
https://www.businesstimes.com.sg/property/young-couples-voice-concerns-over-housing-loan-limits-under-new-hdb-protocols
Global Economy & Real Estate
Oil rises to multi-month highs on Russian supply concerns
https://www.businesstimes.com.sg/companies-markets/energy-commodities/oil-rises-multi-month-highs-russian-supply-concerns
All eyes on whether US Federal Reserve will make explicit promise to cut interest rates
https://www.businesstimes.com.sg/companies-markets/all-eyes-whether-us-federal-reserve-will-make-explicit-promise-cut-interest-rates
US single-family housing starts, permits near two-year highs
https://www.businesstimes.com.sg/property/us-single-family-housing-starts-permits-near-two-year-highs
US-China advance work on curbing methane emissions, US deputy climate envoy says
https://www.straitstimes.com/asia/us-china-advance-work-on-curbing-methane-emissions-us-deputy-climate-envoy-says
China’s builders tackle restructuring as crisis enters new phase
https://www.businesstimes.com.sg/property/china-s-builders-tackle-restructuring-crisis-enters-new-phase
China releases action plan to attract foreign investment
https://www.businesstimes.com.sg/international/global/china-releases-action-plan-attract-foreign-investment
Mainland Chinese surge into Hong Kong property after stamp duties scrapped
https://www.businesstimes.com.sg/property/mainland-chinese-surge-hong-kong-property-after-stamp-duties-scrapped
Debt-stricken Sino-Ocean warns of hefty losses amid plunge in home sales as turnaround eludes Chinese developers
https://www.scmp.com/business/china-business/article/3255932/debt-stricken-sino-ocean-warns-hefty-losses-amid-plunge-home-sales-turnaround-eludes-chinese
Hong Kong, mainland China office-leasing outlook bleak even as mood brightens across Asia-Pacific: CBRE
https://www.scmp.com/business/article/3255985/hong-kong-mainland-china-office-leasing-outlook-bleak-even-mood-brightens-across-asia-pacific-cbre
Japan ends era of negative rates with few clues on further hikes
https://www.businesstimes.com.sg/companies-markets/banking-finance/japan-ends-era-negative-rates-few-clues-further-hikes
Yen falls in defiance of historic BOJ shift
https://www.businesstimes.com.sg/companies-markets/capital-markets-currencies/yen-falls-defiance-historic-boj-shift
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