Singapore Real Estate / Built Environment
Steady buyer demand seen supporting stream of private home launches in H2 2025
A bumper crop of private homes is set to hit the market in the second half of 2025, with projects large and small putting more than 9,000 units in the pipeline for the rest of the year.
BlackRock buying serviced apartment block near Novena for S$100 million
A BlackRock-led consortium is buying the freehold Momentus Serviced Residences Novena at 12 Shan Road, for just over S$100 million, The Business Times understands.
Singapore’s ultra-rich among wealthy Asians snapping up property in Dubai
Property cooling measures may have dampened housing demand here, but Singapore’s ultra-rich are among high net-worth individuals (HNWI) around the world that are flooding into Dubai.
Singapore Economy / News
Transcript of Prime Minister and Minister for Finance Lawrence Wong’s remarks at the press conference on the new Cabinet line-up on 21 May 2025.
PM Lawrence Wong unveils Singapore’s new Cabinet
Prime Minister Lawrence Wong has announced a Cabinet reshuffle following GE2025. There will be three new coordinating ministers. Six of 15 ministries will be helmed by new ministers, among other changes.
https://www.pmo.gov.sg/Newsroom/Changes-to-Cabinet-and-Other-Appointments-May-2025
https://www.businesstimes.com.sg/singapore/singapores-cabinet-changes-glance
https://www.zaobao.com.sg/news/singapore/story20250522-6438070
DPM Gan, three coordinating ministers to form core of PM Wong’s Cabinet
Prime Minister Lawrence Wong said Deputy Prime Minister Gan Kim Yong and the three new coordinating ministers in his Cabinet will form a core team to assist and advise him, as well as provide guidance and mentorship to younger ministers.
https://www.zaobao.com.sg/news/singapore/story20250521-6437907
Singapore keeps 2025 forecast despite easing US-China tensions, upward revision of Q1 growth
Despite first quarter growth coming in marginally higher than advance estimates, the Ministry of Trade and Industry (MTI) maintained its 2025 full-year forecast range at 0 to 2 per cent.
https://www.zaobao.com.sg/realtime/singapore/story20250522-6438849
Singapore expects key exports to come in at lower end of 1-3% in growth forecast for 2025
Singapore expects growth in key exports to come in at the lower end of its 1 to 3 per cent forecast in 2025 due to developments on the trade and tariff fronts clouding the global outlook.
Business News
CapitaLand Ascott Trust prices S$260 million of perpetuals at 4.2%
Hospitality player CapitaLand Ascott Trust (Clas) has priced S$260 million in perpetual securities at 4.2 per cent, it announced on Wednesday (May 21). The issuance is expected to be on or around May 28.
Singtel launches $2b share buyback as full-year profit swells to $4.02b on one-off gains
In its first such move, Singtel on May 22 announced it will buy back up to $2 billion in shares over three years, as it reported net profit jumped four times to $4.02 billion.
https://www.zaobao.com.sg/realtime/singapore/story20250522-6438877
Global Economy / Real Estate News
With rates at 6-year low, mainland Chinese see 2 reasons not to buy new homes
Hong Kong ramps up tax checks on private equity, venture funds
Hong Kong seeking proposals to revamp Kai Tak Cruise Terminal
Hong Kong’s rich families sell their own dwellings to cut debt
https://www.businesstimes.com.sg/property/hong-kongs-rich-families-sell-their-own-dwellings-cut-debt
10 arrested in Hong Kong in bribery case centred on CK Asset development
New World asks banks to refinance HK$87.5 billion loans by June
https://www.businesstimes.com.sg/property/new-world-asks-banks-refinance-hk87-5-billion-loans-june
Bank Indonesia cuts rates as economic strains emerge amid ongoing tariff tensions
Japan’s May factory activity contracts for 11th month: PMI
https://www.businesstimes.com.sg/international/japans-may-factory-activity-contracts-11th-month-pmi
Japan tourists soared 28.5% in April to record 3.9 million
https://www.businesstimes.com.sg/international/japan-tourists-soared-28-5-april-record-3-9-million
https://www.channelnewsasia.com/east-asia/japan-tourists-soared-record-39-million-visitors-5144236
Malaysia’s Anwar says US trade talks unaffected by China ties
Yoma Strategic’s H2 profit falls 12.4% to US$18.3 million
https://www.zaobao.com.sg/realtime/singapore/story20250521-6433283
South Korean early May exports fall as shipments to US slump
UK inflation rate surges to 15-month high amid April price shock
UK house prices rose by most since 2022 in March
https://www.businesstimes.com.sg/property/uk-house-prices-rose-most-2022-march
Trump Organization breaks ground on US$1.5 billion golf club in Vietnam
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.