Singapore Real Estate / Built Environment
Elias Green’s collective sale closes with no bids
The collective sale tender for Elias Green closed on Tuesday (Apr 22) with no bids, after the Pasir Ris condominium was put up for sale in March with a guide price of S$928 million.
https://www.businesstimes.com.sg/property/elias-greens-collective-sale-closes-no-bids
https://www.zaobao.com.sg/realtime/singapore/story20250422-6226932
Grade-A office rents to stay flat in 2025: Savills Singapore
Real estate consultancy firm Savills Singapore expects office rents of Grade-A buildings in the Central Business District to remain flat in 2025, with super-premier buildings to outperform.
https://www.businesstimes.com.sg/property/grade-office-rents-stay-flat-2025-savills-singapore
Singapore Economy / GE 2025
MAS to evaluate need to review asset managers’ liquidity risk management framework: Chia Der Jiun
The Monetary Authority of Singapore (MAS) will study the need to review the present framework for liquidity risk management by asset managers, its managing director Chia Der Jiun said.
https://www.zaobao.com.sg/finance/singapore/story20250423-6231658
Economists see higher chance of MAS easing in July, as core inflation falls to four-year low in March
Monetary policy might be loosened further in July, economists said on Wednesday (Apr 23), after core inflation slid to a four-year low of 0.5 per cent in March. Some lowered their full-year core inflation forecasts to the bottom end of the official range, which spans 0.5 to 1.5 per cent.
https://www.straitstimes.com/business/economy/singapore-core-inflation-eases-again-to-0-5-in-march
https://www.channelnewsasia.com/singapore/singapore-core-inflation-new-low-march-mas-5082656
https://www.zaobao.com.sg/finance/singapore/story20250423-6232699
GE2025: Who’s contesting where, at a glance
The final list of candidates running in the 2025 General Election has been officially announced after they filed their nomination papers on Wednesday (Apr 23). Nomination Day kick-starts a nine-day campaigning period until May 1, with May 2 being Cooling-off Day and Polling Day on May 3.
GE2025: Political parties can hold rallies between April 24 and May 1
Election rallies may be held from April 24 to May 1, the police said in a statement on April 23. With the exception of lunchtime rallies – which can be held only between noon and 3pm – all other rallies can take place either from 10am to 1pm or from 7pm to 10pm.
https://www.channelnewsasia.com/singapore/ge2025-rally-sites-ppp-psp-pap-wp-sdp-apr-24-5084061
GE2025: Campaigning kicks into high gear following suspenseful Nomination Day
GE2025 daily roundup: Nomination Day surprise moves, multi-cornered fights, election rally sites and more
From 11th-hour switches to a shock walkover and even a historic four-cornered fight, Nomination Day on Wednesday (Apr 23) was riddled with suspense and surprises up to the very last minute, as Singaporeans were kept guessing about the final slates in several key battlegrounds for the May 3 general election (GE).
https://www.channelnewsasia.com/singapore/ge2025-campaigning-day-2-general-election-5085041
Business News
CapitaLand China Trust Q1 NPI falls 6.6% to 292.5 million yuan
The manager of CapitaLand China Trust (CLCT) on Thursday (Apr 24) posted a net property income (NPI) of 292.5 million yuan (S$52.8 million) for the first quarter of financial year 2025, down by 6.6 per cent from 313.1 million yuan in the previous corresponding period.
Fireworks at CDL AGM, but shareholders vote strongly in favour of all resolutions
The boardroom tussle at City Developments Ltd (CDL) involving executive chairman Kwek Leng Beng and his son, chief executive officer Sherman Kwek, was purportedly set aside for the greater good of the property group.
Frasers Hospitality Trust undergoes strategic review
Frasers Hospitality Trust (FHT) is undergoing a strategy review, though there is currently no certainty if its existing business strategy will change.
Keppel enters joint venture to develop 19 plots of land in Tianjin
Keppel Ltd said its wholly owned subsidiaries have entered into an agreement with Tianjin Shunhua Real Estate Construction Management to jointly develop 19 plots of land in the Tianjin Eco-City northern district in China.
Mapletree Industrial Trust proposes US$11.8 million divestment of US data centre
Mapletree Industrial Trust is proposing to divest its data centre in Georgia, US, for US$11.8 million, it said on Wednesday (Apr 23). It entered into a purchase and sale agreement for the proposed divestment of a single-story data centre in the Northwoods Business Center with a third-party buyer.
Mapletree Logistics Trust’s Q4 DPU falls 11.6%; manager warns trade tensions could weigh on performance
Lower revenue contribution from China and weak regional currencies crimped Mapletree Logistics Trust’s (MLT) earnings for its fourth quarter, with distribution per unit (DPU) falling 11.6 per cent to S$0.01955.
https://www.zaobao.com.sg/realtime/singapore/story20250423-6234038
Global Economy / Real Estate News
US business activity moderates in April
https://www.businesstimes.com.sg/international/us-business-activity-moderates-april
CEOs haven’t been this gloomy about the US economy since the financial crisis
US new home sales jump in March; supply still rising
https://www.businesstimes.com.sg/property/us-new-home-sales-jump-march-supply-still-rising
US, China tariffs both need to fall for trade talks to start, US Treasury Secretary Bessent says
Chinese exporters retreat from US as tariffs erode profitability
ECB expects wage growth to ease considerably this year
https://www.businesstimes.com.sg/international/ecb-expects-wage-growth-ease-considerably-year
Hong Kong retail slump claims another victim as Thai dessert shop deserts
Bank Indonesia keeps rate at 5.75%, downgrades growth outlook amid tariff tension
Malaysia’s March inflation slows to 1.4% on softer consumer prices
https://www.channelnewsasia.com/business/malaysias-march-cpi-rises-14-yy-below-forecast-5082586
Forest City SFZ lands first family offices as Johor courts investors
South Korea Q1 GDP unexpectedly contracts 0.2% q/q as exports cool
Thailand may need US$15 billion of stimulus to cope with US tariffs
UK homebuilders say planning headaches starting to ease
https://www.businesstimes.com.sg/property/uk-homebuilders-say-planning-headaches-starting-ease
London rents surge, but why are landlords miserable?
https://www.businesstimes.com.sg/property/london-rents-surge-why-are-landlords-miserable
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