Singapore Real Estate / Built Environment
‘We will always keep public housing affordable for Singaporeans’: PM Wong
Singapore – Public housing will always be kept affordable for Singaporeans, both now and in the future, said Prime Minister Lawrence Wong. He gave this assurance during a dialogue on Jan 21 with close to 900 student participants across various education institutions at the University Cultural Centre in NUS.
https://www.zaobao.com.sg/news/singapore/story20250121-5769412?ref=today-news-section-card-1
Jadescape owner sells unit for S$4.4 million profit after 5 years, topping Q4 resale gains
A 4,230 square foot (sq ft) unit at Jadescape in Bishan was sold for S$10.2 million in December 2024, earning the seller a tidy profit of S$4.4 million – making it the most profitable transaction by quantum in the fourth quarter of 2024.
Approximately 5,000 flats from nine towns will obtain MOP this year
Almost-new resale HDB flats are popular because such flats offer prospective buyers the best of both worlds. Prospective buyers have the opportunity to own a property with a long remaining lease while avoiding the lengthy waiting times associated with build-to-order (BTO) flats.
https://www.edgeprop.sg/property-news/approximately-5000-flats-nine-towns-will-obtain-mop-year
Singapore Economy
Risk of US cutting itself off from China low, other countries can help manage rivalry: PM Wong
Singapore – The risk of the US cutting itself off from China is not high at this stage, given the “tremendous interdependencies” between both countries, said Prime Minister Lawrence Wong. And as long as they do not force others to pick sides, Singapore will be able to navigate the growing competition between them.
https://www.youtube.com/watch?v=ICg4w_WQ_ks
Helping SMEs go green among the first major initiatives of PAP’s new climate action group
Singapore – Laws to combat greenwashing and make sustainability a key criterion for all government tenders will be among nine recommendations set out in an upcoming parliamentary motion aimed at helping smaller firms decarbonise.
Singapore’s STI ends 0.3% lower as investors digest Trump 2.0, no immediate China tariffs
Singapore – Stocks in Singapore closed lower on Jan 21, following US President Donald Trump’s second inauguration, even though most markets in the region ended in the black. The benchmark Straits Times Index (STI) slipped 0.3 per cent or 12.6 points to finish at 3,795.37.
Business News
Mapletree Logistics Trust posts 11.1% fall in Q3 DPU to S$0.02003
The distribution per unit (DPU) for Mapletree Logistics Trust : M44U -0.78% (MLT) fell 11.1 per cent to S$0.02003 for its third quarter ended Dec 31, 2024, from S$0.02253 in the prior year.
Meinhardt Singapore and Japanese fund sign MOU to explore digital and smart city projects in Asean
Singapore-headquartered engineering consulting firm Meinhardt has signed a memorandum of understanding (MOU) with Japan Overseas Infrastructure Investment Corporation for Transport and Urban Development (JOIN) to jointly explore and deliver digital and smart city projects in third-world Asean countries, according to a Jan 17 release.
Sabana Reit posts 32.2% rise in H2 DPU to S$0.0152, with 10% kept for capital management
Sabana Industrial Real Estate Investment Trust (Reit) : M1GU +1.35% posted a distribution per unit (DPU) of S$0.0152 for the half-year ended Dec 31, 2024, up 32.2 per cent from S$0.0115 in the year-ago period.
Sembcorp launches Nusantara solar power plant to serve its electricity needs
Sembcorp Industries announced its launch of a power plant in Indonesia’s capital Nusantara on Monday (Jan 20). The Nusantara Sembcorp Solar Energi Power Plant is a joint initiative between Sembcorp’s wholly owned subsidiary PT Sembcorp Renewables Indonesia and PT PLN Nusantara Renewables, a unit under Indonesian government-owned utilities corporation PLN.
Global Economy & Real Estate
Trump’s tightrope between oil sanctions and dollar status
Easing tariff fears cement bets on ECB rate cut next week
Aramco chief expects additional oil demand of 1.3 million bpd this year
Asean carbon market might face setbacks with Trump back in power
Gold holds steady as markets focus on Trump’s policies
US office REITs close with double-digit growths after Trump’s return to office mandate
Chinese yuan surges after Trump goes easy on China in inaugural address
Country Garden shares surge 11% in resumed trade after nine-month halt
Hongkongers to keep forfeiting flat deposits at high rate, agents forecast
New Hong Kong title deeds system should include existing owners: lawmakers
New World offers US$15 billion for loan collateral as stress grows
https://www.businesstimes.com.sg/property/new-world-offers-us15-billion-loan-collateral-stress-grows
Indonesia’s President Prabowo to spend $3 billion on new capital city through 2029
Johor Bahru’s property boom: Are locals getting priced out?
https://www.youtube.com/watch?v=js2H1O3-uEc
Philippine finance chief sees slower rate cuts on global risks
Radisson Collection hotel opens in Sri Lanka
Radisson Collection, a luxury hotel brand under the Radisson Hotel Group, has opened a seafront property in Galle, Sri Lanka. The 106-key Radisson Collection Resort, Galle marks the brand’s inaugural hotel in the Southeast Asia and Pacific region. It is also the group’s fourth hotel in Sri Lanka.
https://www.edgeprop.sg/property-news/radisson-collection-hotel-opens-sri-lanka
UK wage growth hits six-month high ahead of crunch BOE meeting
Vietnamese businesses brace for Trump’s tariffs
https://www.youtube.com/watch?v=8JNW5Z1lv74
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