Singapore Real Estate / Built Environment
Over 80% of rooms at new public rental housing site for singles taken up
About 400 singles have taken up tenancy at a new public rental housing site, where low-income singles can live in their own rooms and have access to shared facilities such as toilets and kitchens. Announcing this on March 20, National Development Minister Desmond Lee said that the response to this new rental housing type has been encouraging so far.
Tan Boon Liat Building’s S$1.15 billion collective sale closes with no bids
The collective sale of freehold Tan Boon Liat Building has moved into private treaty talks, after a tender closed on Tuesday (Mar 18) with no bids at the asking price of S$1.15 billion.
Real estate sector sees robust activity, but Singapore professionals not ahead in salaries
Despite healthy investment and new home sales, salaries for real estate professionals in Singapore are not charging ahead of their regional peers. According to the latest survey on salaries for various segments, the Republic’s average annual median salary for the property sector is US$88,000, above that in Malaysia, the Philippines and Indonesia, where the cost of living is much lower, but behind Vietnam, Australia, India, Thailand, China and Hong Kong.
Global Economy & Real Estate
US central bank confirms it is as uncertain on economic outlook as everyone else
US Fed chief Jerome Powell downplays growing risks, sees tariff impact on inflation as ‘transitory’
Trump trade upheaval leaves foreign central banks guessing
US existing-home sales top estimates, rebound from bad weather
https://www.businesstimes.com.sg/property/us-existing-home-sales-top-estimates-rebound-bad-weather
Australia employment posts surprise fall in February, jobless rate steady
Central banks turn more cautious on rate cuts
https://www.channelnewsasia.com/business/central-banks-turn-more-cautious-rate-cuts-5013566
China’s US$150 billion of property debt restructurings stumble
China – BlackRock fund’s forfeited China towers to be sold at 40% loss
Chinese parcels that Trump wants to tariff are already falling
Bank of England keeps rates on hold
https://www.businesstimes.com.sg/companies-markets/banking-finance/bank-england-keeps-rates-hold
ECB’s Lagarde spells out cost of trade war with US
https://www.businesstimes.com.sg/international/ecbs-lagarde-spells-out-cost-trade-war-us
Hong Kong widens lead over Singapore as Asia’s top financial centre, report shows
Hong Kong central bank keeps base rate unchanged as Fed holds steady
New policy will force out 1,200 of Hong Kong’s most well-off tenants in 4 years
CK Asset and Henderson Land say they face uncertainties in 2025
Japan’s core inflation hits 3% in February, keeps alive BOJ rate-hike bets
South Korea to offer visa-free entry to Chinese visitors to boost tourism
South Korea’s early trade data show exports bouncing back
Thailand may yet embark on region’s most aggressive rate cuts
Thai central bank eases mortgage rules to aid property sector
https://www.businesstimes.com.sg/property/thai-central-bank-eases-mortgage-rules-aid-property-sector
UK first-time buyers surge amid cheaper borrowing
https://www.businesstimes.com.sg/property/uk-first-time-buyers-surge-amid-cheaper-borrowing
Vietnam to allow 49% foreign ownership of some banks
https://www.businesstimes.com.sg/international/asean/vietnam-allow-49-foreign-ownership-some-banks
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