Singapore Real Estate
Jurong Lake District: Examining the master-developer model
The tender for a 6.5 hectare (ha) white site at Jurong Lake District (JLD) – which was put up for sale in June last year under the Government Land Sales programme using the master-developer approach – will close next Tuesday (Mar 26).
https://www.businesstimes.com.sg/property/jurong-lake-district-examining-master-developer-model
The post-Covid run in hospitality Reits may look tired but don’t discount it getting a second wind
It has been tough times for Singapore-listed real estate investment trusts (S-Reits), as high interest rates continue to weigh on distributions and investor sentiment remains dour amid the macroeconomic uncertainty.
https://www.businesstimes.com.sg/companies-markets/post-covid-run-hospitality-reits-may-look-tired-don-t-discount-it-getting-second-wind
Market watchers expect more commercial and industrial listings at property auctions
Singapore: More commercial and industrial properties are likely to come up at property auctions this year amid a challenging business climate. This comes as owners and investors look to dispose of their underperforming assets, said market watchers.
https://www.channelnewsasia.com/singapore/market-watchers-expect-more-commercial-and-industrial-listings-property-auctions-4205281
Property market sentiment sees boost in 4Q2023 ahead of potential interest rate cuts: NUS
Singapore – Sentiment in Singapore’s property market picked up in 4Q2023 as markets anticipate the US Federal Reserve will cut interest rates later this year.
https://www.edgeprop.sg/property-news/property-market-sentiment-sees-boost-4q2023-ahead-potential-interest-rate-cuts-nus
https://www.businesstimes.com.sg/property/real-estate-execs-concerned-about-oversupply-property-agents-nus-survey
Singapore Economy
Punggol Coast MRT station to be extension of Singapore Institute of Technology’s new campus
Singapore – The upcoming Punggol Coast MRT station will be developed as an extension of the new Singapore Institute of Technology (SIT) campus, providing students and the public with a space for community engagement, research and learning.
https://www.straitstimes.com/singapore/punggol-coast-mrt-station-to-be-extension-of-singapore-institute-of-technology-s-new-campus
Explainer: Why Singapore is exploring nuclear energy and what needs to happen before plans get underway
Singapore — The Energy Market Authority (EMA), among other government agencies, have been sending officers on overseas study trips to countries that deploy or used to deploy nuclear energy. This has brought the spotlight back on a long-time issue of nuclear power’s feasibility as a green energy source in Singapore.
https://www.todayonline.com/singapore/explainer-singapore-nuclear-energy-plans-process-2387196
Global Economy & Real Estate
Oil slips as investors weigh Fed rate decision
https://www.businesstimes.com.sg/companies-markets/energy-commodities/oil-slips-investors-weigh-fed-rate-decision
US Federal Reserve sees three rate cuts in 2024 but a more shallow easing path
https://www.businesstimes.com.sg/companies-markets/banking-finance/us-federal-reserve-sees-three-rate-cuts-2024-more-shallow-easing-path
https://www.channelnewsasia.com/business/us-federal-reserve-interest-rate-decision-mar-20-4207551
https://www.theedgesingapore.com/news/us-economy/fed-pencils-three-rate-cuts-2024-shallower-path-ahead
US 30-year mortgage rate nears 7%, restraining home purchases
https://www.businesstimes.com.sg/property/us-30-year-mortgage-rate-nears-7-restraining-home-purchases
MGM Resorts explores sale of casinos in Ohio and Massachusetts
https://www.businesstimes.com.sg/companies-markets/mgm-resorts-explores-sale-casinos-ohio-and-massachusetts
China banks hold lending rates as PBOC refrains from easing
https://www.businesstimes.com.sg/international/china-banks-hold-lending-rates-pboc-refrains-easing
China’s property crisis pushes private credit to tech sectors
https://www.businesstimes.com.sg/companies-markets/banking-finance/china-s-property-crisis-pushes-private-credit-tech-sectors
Hong Kong holds base rate steady at 5.75% after Fed’s unanimous vote to keep watching for signs of falling US inflation
https://www.scmp.com/business/banking-finance/article/3256151/hong-kong-holds-base-rate-steady-575-after-feds-unanimous-vote-keep-watching-signs-falling-us?module=top_story&pgtype=homepage
Bank of America cuts back on office space in Hong Kong amid impending new supply
https://www.scmp.com/business/banking-finance/article/3256136/bank-america-cuts-back-office-space-hong-kong-amid-impending-new-supply
It’s official: Prabowo will be Indonesia’s next president after landslide win
https://www.straitstimes.com/asia/se-asia/it-s-official-prabowo-will-be-indonesia-s-next-president-after-landslide-win
https://www.todayonline.com/world/indonesias-president-elect-prabowo-urges-unity-after-resounding-victory-2387486
Indonesia central bank keeps rates unchanged, eyes rupiah stability
https://www.businesstimes.com.sg/international/asean/indonesia-central-bank-keeps-rates-unchanged-eyes-rupiah-stability
Yen close to intervention levels, dollar gains before Fed meet
https://www.businesstimes.com.sg/companies-markets/capital-markets-currencies/yen-close-intervention-levels-dollar-gains-fed-meet
Malaysia economy expected to grow 4-5% in 2024: Bank Negara
https://www.businesstimes.com.sg/international/asean/malaysia-economy-expected-grow-4-5-2024-bank-negara
No bids as house of Myanmar’s Suu Kyi auctioned
https://www.businesstimes.com.sg/international/asean/no-bids-house-myanmar-s-suu-kyi-auctioned
New Zealand economy back in recession: government data
https://www.businesstimes.com.sg/international/new-zealand-economy-back-recession-government-data
Sweden’s troubled home construction sector shows signs of life
https://www.businesstimes.com.sg/property/sweden-s-troubled-home-construction-sector-shows-signs-life
Vietnam’s president resigns, raising questions over stability
https://www.businesstimes.com.sg/international/asean/vietnam-s-president-resigns-raising-questions-over-stability
https://www.todayonline.com/world/once-beacon-stability-vietnam-name-third-president-year-2387461
https://www.channelnewsasia.com/asia/vietnam-name-third-president-year-4209181
UK inflation cools more than expected to slowest pace since 2021
https://www.straitstimes.com/business/economy/uk-inflation-cools-more-than-expected-to-slowest-pace-since-2021
UK house prices fall by 0.6% in annual terms in January
https://www.businesstimes.com.sg/property/uk-house-prices-fall-0.6-annual-terms-january
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