Singapore Real Estate / Built Environment
Private home owners may not have to wait till 2027 for change in HDB wait-out period: Chee Hong Tat
The wait-out period for private property downgraders looking to buy a resale flat may be relaxed before 2027, with an expected rise in supply of new and resale flats.
https://www.zaobao.com.sg/realtime/singapore/story20250621-6931926
Bishan confirms construction of hawker centre bus interchange to be developed into air-conditioned integrated transport centre
The Bishan Bus Interchange may be relocated to a nearby location and redeveloped into an integrated transportation hub. Bishan’s first hawker centre will be built on the second floor of this building, bringing more affordable cooked food options to residents and passengers.
https://www.zaobao.com.sg/realtime/singapore/story20250621-6931098
Singapore News
PM Wong to visit China, where he will discuss cooperation to strengthen rules-based order
The world is in a state of flux, and countries big and small have to do their part to manage geopolitical tensions and rivalry carefully so as to minimise the risk of conflict and war, said Prime Minister Lawrence Wong.
https://www.zaobao.com.sg/realtime/singapore/story20250622-6940593
‘Safety foremost in our minds’: Faishal Ibrahim reassures Singaporean students in the Middle East
The Government is monitoring developments in the Middle East closely and is working with the Islamic Religious Council of Singapore (Muis) and the Ministry of Foreign Affairs to remain in touch with Singaporean students in the region.
https://www.zaobao.com.sg/realtime/singapore/story20250622-6941317
Seah Kian Peng to be nominated again as Speaker of Parliament; Indranee Rajah will remain Leader of the House
Mr Seah Kian Peng will be nominated for re-election as Speaker of Parliament when the House reopens on Sept 5, the Prime Minister’s Office (PMO) said on June 20. He is the current Speaker and has served in the role since 2023.
https://www.zaobao.com.sg/realtime/singapore/story20250620-6909002
Business News
DBS expects economic value from its use of AI to exceed S$1 billion in 2025
Banks are ramping up their use of artificial intelligence (AI), and DBS – which has earned S$750 million through its use of the technology – estimates that its economic value could surpass S$1 billion this year.
https://www.zaobao.com.sg/realtime/singapore/story20250620-6910326
OCBC Group has lent $3.3b to Johor firms since 2024; $908m more expected by end-2025
OCBC Group has committed over RM11 billion (S$3.3 billion) in financing to businesses in Johor since the start of 2024, as part of efforts to support development in the emerging Johor-Singapore Special Economic Zone (JS-SEZ), said the group in a statement on June 22.
https://www.zaobao.com.sg/realtime/singapore/story20250622-6946626
Global Economy / Real Estate News
US Fed official says central bank can cut rates as soon as July
https://www.channelnewsasia.com/business/us-federal-reserve-interest-rate-july-5194316
US Federal Reserve’s Daly says employment, inflation risks roughly in balance
Oil prices surge as Trump’s attack on Iran ramps up risks to supplies
Strikes on Iran mark Trump’s biggest, and riskiest, foreign policy gamble
US lawmakers call for Congress to review Trump’s Iran actions
Cambodia PM orders halt to fuel imports from Thailand
https://www.businesstimes.com.sg/international/cambodia-pm-orders-halt-fuel-imports-thailand
Doubling home construction will barely improve affordability in Canada: report
Central banks in Asia are becoming wary of currency intervention
China rolls out official ‘property supermarkets’ to prop up creaking housing market
China’s property slump drives Hong Kong investors to Japan, aided by yen weakness
Hong Kong must grow despite persistent US-China trade tensions: Paul Chan
Bets on Hong Kong hotel assets jump as distress, tourism rebound lure investors
Hong Kong to relax rules for converting hotels into university student hostels
Hong Kong developer sells HK$538 million luxury mansion at a loss
HK’s New World Development ‘actively engaged’ with creditors on loan refinance
Morgan Stanley says Hong Kong’s housing sector is bottoming out
Hong Kong shoebox flat owners urged to comply with shake-up after years of profits
Japan’s factory activity returns to growth after 11-month contraction: PMI
Slow rate hikes could cause wage-price spiral, Bank of Japan paper says
Japan still a draw as Singapore property players look beyond Tokyo
Malaysia’s May exports unexpectedly fall 1.1% on year
Shipping on high alert in Middle East after US strikes on Iran
Airlines keep avoiding Middle East airspace after US attack on Iran
Taiwan central bank says US debt rising too fast may impact trust in Treasuries
Thai PM Paetongtarn will not resign or dissolve parliament, ruling party official says
https://www.channelnewsasia.com/asia/thai-pm-paetongtarn-will-not-resign-5195656
Bank of Thailand forecast to keep rates steady on June 25, cut in Q3
Thailand’s economy teeters as political turmoil threatens recovery efforts
UK retail sales plunge 2.7% in worrying sign for economic growth
Trade war leverage? Trump’s property empire eyes Vietnam for mega-projects
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