Singapore Real Estate / Built Environment
Long-term Singapore projects like ‘Long Island’ require political will: Desmond Lee
Singapore : Singapore must be prepared to embark on projects that take decades to bear fruit, and have the political will and the resources to follow through, said Minister for National Development Desmond Lee on Thursday (Feb 20).
https://www.youtube.com/user/channelnewsasia/videos
In January, local private housing rents fell by 0.3% month-on-month, while rental transaction volume increased by 7.6%.
Singapore’s non-landed private home rents fell in January, down slightly by 0.3% month-on-month, compared with a month-on-month increase of 0.9% in December last year.
https://www.zaobao.com.sg/finance/singapore/story20250220-5906861
Will Singapore’s housing prices always rise, or is that a myth?
Singaporeans love to talk about property. Many subscribe to the belief that housing prices will only go up. Is this really the case? Sing Tien Foo, Provost’s Chair Professor at the Department of Real Estate at NUS Business School, gives his take.
https://www.youtube.com/watch?v=IiaxV-7R94c
Asean wellness real estate in pink of health on investor surge: CLI
Investor interest in wellness real estate is steadily on the rise and South-east Asia offers significant opportunities within its health and wellness industries, said a report by CapitaLand Investment (CLI).
Singapore News
Budget 2025: National Productivity Fund top-up should help draw MNCs to Singapore, say observers
Budget 2025’s investments for innovation and technology – particularly a S$3 billion top-up to the National Productivity Fund (NPF) – should improve Singapore’s attractiveness to multinational corporations (MNCs), industry watchers said.
Singapore Budget 2025: Bumper SG60 Budget for all Singaporeans
Prime Minister Lawrence Wong on Feb 18 unveiled a $143.1 billion budget to tackle cost pressures and equip workers throughout life. This comprises, among others, $123.8 billion in expenditure by ministries and $23.4 billion in special transfers, such as top-ups to endowment and trust funds. Budget 2025 also included measures to encourage economic growth and sustainability, and nurture an inclusive society.
Business News
Far East Hospitality Trust to acquire Sheraton hotel in Japan for 6 billion yen
Far East Hospitality Trust (FEHT) will make its first Japanese hotel acquisition after expanding its investment mandate to global markets and asset classes.
Genting Singapore sees 5% fall in full-year net profit, looks to expand into Thailand
Singapore – Genting Singapore is evaluating and exploring diversification opportunities in Thailand possibly including casinos, which are currently illegal in the South-east Asian country, the resort and casino operator said in its quarter results on Feb 20.
https://www.zaobao.com.sg/finance/singapore/story20250220-5907642
Heeton Holdings turned from loss to profit in the second half of fiscal year 2024, and the full-year loss narrowed
Driven by rising hotel occupancy rates in the UK and higher rentals of investment properties, Heeton Holdings turned a profit in the second half of fiscal 2024, but still incurred a loss in fiscal 2024.
https://www.zaobao.com.sg/realtime/singapore/story20250220-5908454
Sasseur Reit posts 0.1% rise in H2 DPU to S$0.02929 on resilient rental income
The manager of Sasseur Real Estate Investment Trust : CRPU 0% (Reit) on Thursday (Feb 20) posted a distribution per unit (DPU) of S$0.02929 for the second half ended December, up 0.1 per cent from S$0.02927 in the previous corresponding period.
https://www.zaobao.com.sg/realtime/singapore/story20250220-5903429
UOL unit, partner win tender for residential site in Shanghai
A unit of property developer UOL Group, together with an industry partner, has won a nine billion yuan (S$1.7 billion) tender for a residential site in the Hongkou district of Shanghai, China.
Global Economy & Real Estate
US mortgage rates drop for fifth straight week, falling to 6.85%
https://www.businesstimes.com.sg/property/us-mortgage-rates-drop-fifth-straight-week-falling-6-85
US labour market stable, disruptions feared from federal government layoffs
Manulife US Reit to sell Plaza office building for US$40 million as H2 distributable income falls 57.6%
Asian currencies face more pain against peers as low carry bites
Australia’s jobless rate rises in January even as employment booms
China’s central bank vows to enhance yuan amid looming risks from strong US dollar
Hong Kong homes lost US$61.7 billion of value after removal of curbs: Centaline
Hong Kong landlords should brace for slashed retail rents in 2025: S&P Global
Indonesia’s plan to export solar power to S’pore spurs investment amid low green energy adoption
Japan’s core inflation hits 19-month high, keeps BOJ rate-hike bets alive
Most US manufacturers forecast layoffs at Vietnam operations with Trump tariffs: survey
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