Singapore Real Estate / Built Environment
Agencies studying plans for new integrated transport hub as part of Tampines Regional Centre rejuvenation
Authorities are studying plans for a new integrated transport hub in Tampines to enhance convenience and connectivity for residents.
https://www.zaobao.com.sg/realtime/singapore/story20250222-5915255
Parktown Residence mega project sells over 87% of units at average of S$2,360 psf
Integrated development Parktown Residence sold more than 87 per cent of its 1,193 units at an average price of S$2,360 per square foot (psf) during its launch weekend.
https://www.zaobao.com.sg/realtime/singapore/story20250223-5918490
Freehold River Valley Apartments sells for S$56 million to a Singapore family office
River Valley Apartments, a freehold four-storey walk-up block on River Valley Road, has been sold en bloc for S$56 million to a Singapore family office.
https://www.zaobao.com.sg/realtime/singapore/story20250221-5911570
Transforming Singapore’s CBD will take a whole lot more than new homes
For some time now, Singapore has been seeking to make its Central Business District (CBD) more vibrant after office hours and on weekends, by encouraging more homes to be built to inject a bigger live-in population into the district.
Singapore Economy/News
Singapore prepared to tackle challenges in fast-shifting global landscape: SM Lee
The world is in flux, with rapid changes brought about by technology and policy shifts, but Singapore has prepared for this. Speaking on Feb 22 at an education award ceremony in Teck Ghee, Senior Minister Lee Hsien Loong said the Government has plans for the coming year and the future, but he added that people need to rally behind it.
https://www.zaobao.com.sg/realtime/singapore/story20250222-5915125
Budget 2025 about strengthening S’pore’s social support system and economy: PM Wong
The measures announced in the 2025 Budget are not just about vouchers, but also steps Singapore is taking to strengthen the social support system and economy to ensure that nobody is left behind.
New $5 billion scheme by MAS to boost SGX-listed stocks as part of measures to revive S’pore market
A review group set up to strengthen the local stock market has announced new initiatives aimed at increasing interest from both retail and institutional investors, while also improving trading liquidity.
https://www.channelnewsasia.com/singapore/mas-sgx-stocks-singapore-investing-4951411
https://www.zaobao.com.sg/realtime/singapore/story20250221-5913086
Singapore has to secure long-term economic growth while dealing with labour force issues: Panel
More than eight in 10 business leaders said after Budget 2025 that they were satisfied with the help provided, according to the Singapore Business Federation (SBF).
EDB managing director Jacqueline Poh named JTC’s new CEO
The Ministry of Trade and Industry (MTI) on Friday (Feb 21) announced that JTC Corporation will appoint a new chief executive officer. Jacqueline Poh, managing director at Singapore’s Economic Development Board (EDB), will replace JTC’s current CEO Tan Boon Khai as he leaves to pursue other interests, said MTI.
https://www.straitstimes.com/singapore/jtc-corporation-to-get-new-ceo-on-april-1
https://www.zaobao.com.sg/realtime/singapore/story20250221-5912068
GE2025 Hot Spots: It was the tightest race in 2020. Will West Coast GRC be too close to call again?
Singapore is set to hold its next General Election in 2025 and political parties have ramped up their preparations, pounding the streets and pressing the flesh as they gear up for the hustings. In this series, CNA TODAY zooms in on four group representation constituencies (GRCs), Sengkang, East Coast, West Coast and Marine Parade, where fierce fights are expected to take place. In this third instalment, we zero in on West Coast GRC, which was the closest contest in 2020 and is shaping up to be the scene of another thrilling race this year.
https://www.channelnewsasia.com/today/big-read/ge2025-hot-spots-west-coast-tight-race-4948861
Singapore’s smaller opposition parties stake early claim to wards ahead of general election
Fringe political parties in Singapore have identified constituencies they wish to contest in a coming general election, despite the electoral map still being redrawn and the date of the polls not yet announced.
Business News
CapitaLand India Trust to buy Bengaluru office project for 14.7 billion rupees
CapitaLand India Trust (Clint) will purchase a 1.13 million-square-foot (sq ft) office project in Bengaluru from luxury residence developer Maia Group for 14.7 billion rupees (S$233.6 million).
Hong Leong Finance posts 10% rise in H2 profit to S$51.5 million, as net interest margin expands
Hong Leong Finance posted a 10 per cent rise in net profit to S$51.5 million for the six months ended December 2024. This was driven by an expanded net interest margin, at 1.6 per cent, on the growth of asset yields and a “moderated” funding cost, the company said in its earnings statement on Friday (Feb 21).
https://www.zaobao.com.sg/realtime/singapore/story20250221-5913170
StanChart to return US$1.5 billion more as earnings beat
Standard Chartered said it would hand back US$1.5 billion more to shareholders as it reported fourth-quarter earnings that beat estimates, boosted by a strong performance in its trading and wealth business.
Other News
BCA orders Kranji warehouse ravaged by fire on Feb 19 to be closed off
The owner of the buildings in Kranji ravaged by fire for nearly nine hours on Feb 19 has been ordered to close off access to affected structures.
https://www.zaobao.com.sg/realtime/singapore/story20250221-5911794
Bedok HDB flats suffer power outage twice in a week
Residents complained that following routine electrical maintenance work at the Bedok Reservoir Road flats, some units experienced power outages twice within a week.
https://www.zaobao.com.sg/realtime/singapore/story20250223-5918655
Tiong Bahru Market to close for 3 months from mid-April for upgrading
The popular Tiong Bahru Market will be closed for three months for repair and redecoration works. From April 14 to July 13, the ground-floor wet market and usually bustling hawker centre upstairs will be off-limits for the works, according to a National Environment Agency (NEA) notice to stallholders dated Jan 17.
https://www.zaobao.com.sg/realtime/singapore/story20250222-5915627
Global Economy & Real Estate
US homebuilders near S&P 500 bottom on high rates and tariff fears
Trump’s 10% oil tariff could cost foreign producers US$10 billion annually: Goldman Sachs
Trump proposes new ship fees to challenge China’s maritime might
Trump orders use of CFIUS to restrict Chinese investments in strategic areas
Trump eyes tariffs to counter digital taxes big tech loathes
Judge denies union bid to halt Trump firing of government workers
Chinese builders lean on court for overhaul as debt woes deepen
https://www.businesstimes.com.sg/property/chinese-builders-lean-court-overhaul-debt-woes-deepen
China’s office property market outlook bleak as foreign firms leave in droves
Hong Kong’s Paul Chan vows livelihood focus amid strict spending controls
Hong Kong’s civil service expected to cut contract staff amid deficit
Well-off Hong Kong daunted by record deficits
https://www.businesstimes.com.sg/international/well-hong-kong-daunted-record-deficits
https://www.straitstimes.com/asia/east-asia/well-off-hong-kong-daunted-by-record-deficits
https://www.channelnewsasia.com/east-asia/hong-kong-records-annual-deficits-slowing-economy-4954721
Hong Kong’s URA chief rebuffs criticism over quick closure of public play area
Hong Kong developer will return part of wetland site to government management: report
Hong Kong developers find few takers for flats on sale as buyers await budget stimulus
Kerry’s Hava flats sell out as stock rally lifts the mood in Hong Kong’s property market
New World Development flags up to $875 million interim loss on property price woes
Deep spending cuts in Indonesia trigger protests against Prabowo
After Bukit Chagar RTS Link, will more integrated hubs be built along Johor’s new rapid transit lines?
New Zealand retail sales rebound in sign recession has ended
South Korea’s early exports sputter ahead of Trump’s tariffs
https://www.channelnewsasia.com/east-asia/south-korea-exemption-donald-tariffs-4950976
IMF calls for Thai rate cut to support inflation, ease debt load
UK consumers are more pessimistic than after recession: GfK
https://www.businesstimes.com.sg/international/uk-consumers-are-more-pessimistic-after-recession-gfk
UK firms seek fewer staff but offer higher salaries, Adzuna says
Disclaimer & Note:
Real Estate Developers’ Association of Singapore (REDAS) does not warrant the accuracy, adequacy or completeness of the information and expressly disclaims liability for errors or omissions therein. The content, accuracy, and opinions expressed are not investigated, verified, monitored, nor endorsed by REDAS. Every effort is taken to ensure that all information extracted is correct at the time of dissemination.
The Daily News is issued as news gathering for the convenience and benefits of REDAS’ members only and not for mass circulation. Members are advised to exercise discretion in the use and dissemination of the information. The news links are time-sensitive and require registration of fee-based digital subscriptions.