The Leading Professional and Representative Body for the Real Estate Industry

The Leading Professional and Representative Body for the Real Estate Industry

DAILY NEWS

 

Daily News 25, 26 & 27 January 2025 (Sat, Sun & Mon)

Singapore Real Estate / Built Environment

 

New play areas, expansion of grocery discount programme unveiled under East Coast Plan

Recreation spaces will be carved out at three areas in East Coast GRC, with construction set to begin in the second half of the year. The constituency’s anchor minister, Deputy Prime Minister Heng Swee Keat, announced this as the latest initiative under the East Coast Plan…

https://www.straitstimes.com/singapore/politics/new-play-areas-expansion-of-grocery-discount-programme-unveiled-under-east-coast-plan

https://www.zaobao.com.sg/realtime/singapore/story20250125-5789602

 

Site of former golf driving range in Toa Payoh East being prepared for new homes

Singapore – More than a thousand new homes are expected to be built in Toa Payoh East on a site that had housed the first golf driving range to be built in a Housing Board estate.

https://www.straitstimes.com/singapore/housing/site-of-former-driving-range-in-toa-payoh-east-being-prepared-for-new-homes

 

Some self-storage operators may have to move out of current locations after JTC review on land use

SOME self-storage operators may have to move out of their current locations when their leases run out, following a lengthy review by JTC on the use of industrial land for the self-storage business.

https://www.businesstimes.com.sg/property/some-self-storage-operators-may-have-move-out-current-locations-after-jtc-review-land-use

https://www.straitstimes.com/business/self-storage-firms-in-20-areas-can-operate-until-leases-expire

 

Over 3,000 individuals’ names, NRIC numbers leaked due to CEA’s IT system error

The names and NRIC numbers of more than 3,000 individuals were sent to 18 unintended recipients on Tuesday (Jan 21) due to a “technical issue” in the IT system of the Council for Estate Agencies (CEA).

https://www.businesstimes.com.sg/singapore/over-3000-individuals-names-nric-numbers-leaked-due-ceas-it-system-error

https://www.straitstimes.com/singapore/over-3000-individuals-names-nric-numbers-leaked-due-to-ceas-it-system-error

https://www.channelnewsasia.com/singapore/data-leak-council-estate-agencies-property-agents-nric-numbers-names-it-system-glitch-4897636

 

 

Singapore Economy

 

Budget 2025 likely to invest in keeping workforce competitive, attracting talent: observers

As downside economic risks loom, manpower-related moves in Budget 2025 should aim to keep Singapore attractive to foreign talent, while boosting skills and wages of local employees, watchers told The Business Times.

https://www.businesstimes.com.sg/singapore/budget-2025-likely-invest-keeping-workforce-competitive-attracting-talent-observers

 

Singapore’s factory output rises 10.6% in December, beats expectations

Singapore’s factory output rose 10.6 per cent year on year in December, with all clusters recording growth, based on data released by the Economic Development Board on Friday (Jan 24).

https://www.businesstimes.com.sg/singapore/singapores-factory-output-rises-10-6-december-beats-expectations

https://www.straitstimes.com/business/economy/singapore-manufacturing-output-rises-10-6-in-december

https://www.zaobao.com.sg/realtime/singapore/story20250124-5783586

 

Economists mixed on whether MAS will ease monetary policy again in 2025, after January move

Economists are not ruling out a further easing of monetary policy in Singapore this year, following January’s first loosening move since 2020 – though a common base scenario is for the central bank to stand pat for the rest of 2025.

https://www.businesstimes.com.sg/singapore/economists-mixed-whether-mas-will-ease-monetary-policy-again-2025-after-january-move

 

 

Business News

 

CapitaLand Ascott Trust posts 7% fall in H2 DPS to S$0.0355

CapitaLand Ascott Trust on Monday (Jan 27) posted a 7 per cent fall in distribution per stapled security (DPS) to S$0.0355 for the second half (H2) ended Dec 31, 2024, from S$0.038 in the year-ago period.

https://www.businesstimes.com.sg/companies-markets/capitaland-ascott-trust-posts-7-fall-h2-dps-s0-0355

https://www.straitstimes.com/business/companies-markets/capitaland-ascott-trust-posts-7-fall-in-second-half-dps-but-core-dps-rises-3

https://www.zaobao.com.sg/realtime/singapore/story20250127-5794322

 

CDLHT posts 11.9% fall in H2 DPS to S$0.0281

The managers of CDL Hospitality Trusts on Monday (Jan 27) posted a distribution per stapled security (DPS) of S$0.0281 for the second half ended December, down 11.9 per cent from S$0.0319 in the previous corresponding period.

https://www.businesstimes.com.sg/companies-markets/cdlht-posts-11-9-fall-h2-dps-s0-0281

https://www.straitstimes.com/business/companies-markets/cdlht-posts-11-9-fall-in-second-half-dps

 

Far East Orchard unit acquires additional stake in Woodlands Square for S$25 million

A unit of Far East Orchard (FEO) has acquired an additional stake in its commercial property in Woodlands for S$25 million. Woods Square, an integrated commercial development comprising offices and retail spaces, was completed in 2020 and was a joint venture between FEO’s wholly owned subsidiary Tannery, Far East Civil Engineering (FECE), and Sekisui House.

https://www.businesstimes.com.sg/companies-markets/far-east-orchard-unit-acquires-additional-stake-woodlands-square-s25-million

 

Keppel gets US approval to build SG-US subsea cable amid region’s digital infrastructure push

Keppel has been granted a licence by the US for a subsea cable system connecting Singapore to the US, said the company on Friday (Jan 24).

https://www.businesstimes.com.sg/companies-markets/keppel-gets-us-approval-build-sg-us-subsea-cable-amid-regions-digital-infrastructure-push

https://www.straitstimes.com/business/keppels-new-subsea-cable-network-could-attract-more-cloud-tech-firms-to-spore-analysts

https://www.zaobao.com.sg/realtime/singapore/story20250124-5782258

 

 

Global Economy & Real Estate

 

Global growth driven by strong US economy expected in 2025: WEF panel

https://www.straitstimes.com/business/global-growth-driven-by-strong-us-economy-expected-in-2025

 

US Fed prepares to pause in first interest rate decision since Trump’s inauguration

https://www.channelnewsasia.com/world/us-fed-pause-first-interest-rate-decision-donald-trump-inauguration-4897261

https://www.businesstimes.com.sg/companies-markets/banking-finance/us-fed-prepares-pause-first-rate-decision-trumps-inauguration

https://www.straitstimes.com/business/economy/us-fed-prepares-to-pause-this-week-in-first-rate-decision-since-trumps-inauguration

 

WHO freezes hiring and cuts costs after Trump signals US exit

https://www.businesstimes.com.sg/international/who-freezes-hiring-and-cuts-costs-after-trump-signals-us-exit

 

US business activity moderates as growth in services cools

https://www.businesstimes.com.sg/international/us-business-activity-moderates-growth-services-cools

 

Australian PM pledges cash for construction apprentices ahead of election

https://www.businesstimes.com.sg/property/australian-pm-pledges-cash-construction-apprentices-ahead-election

 

China misses fiscal spending target on effects of housing slump

https://www.businesstimes.com.sg/international/china-misses-fiscal-spending-target-effects-housing-slump

 

Frankfurt’s skyline darkens as old office buildings sit vacant

https://www.businesstimes.com.sg/property/frankfurts-skyline-darkens-old-office-buildings-sit-vacant

 

Hong Kong leader vows to tackle housing issues; 2 community spaces to open

https://www.scmp.com/news/hong-kong/society/article/3296318/hong-kong-open-2-more-community-living-rooms-june-john-lee

 

Hong Kong races to find its property market bottom

https://www.businesstimes.com.sg/property/hong-kong-races-find-its-property-market-bottom

 

Hong Kong home prices slip in December, fall 7.1% in 2024

https://www.businesstimes.com.sg/property/hong-kong-home-prices-slip-december-fall-7-1-2024

https://www.scmp.com/business/article/3296136/hong-kongs-lived-home-prices-complete-third-year-decline-worst-run-2003

 

Hong Kong’s cash-strapped Urban Renewal Authority to adjust pace of projects

https://www.scmp.com/news/hong-kong/hong-kong-economy/article/3296340/hong-kongs-cash-strapped-urban-renewal-authority-adjust-pace-projects

 

Hong Kong minister dispels ‘lying flat’ concerns as youth rental flat applications drop

https://www.scmp.com/news/hong-kong/society/article/3296268/hong-kong-minister-dispels-lying-flat-concerns-youth-rental-flat-applications-drop

 

Hong Kong land sale to fetch around US$76 million amid developer caution

https://www.scmp.com/business/article/3296190/hong-kong-land-sale-fetch-around-us75-million-amid-developer-caution

 

Indonesia central bank has room to cut rates further, governor says

https://www.businesstimes.com.sg/international/asean/indonesia-central-bank-has-room-cut-rates-further-governor-says

 

Bank of Japan raises interest rates to highest in 17 years, yen jumps

https://www.businesstimes.com.sg/international/bank-japan-raises-interest-rates-highest-17-years-yen-jumps

https://www.channelnewsasia.com/business/bank-japan-interest-rates-eocnomists-yen-domestic-demand-4894506

 

Bank of Japan may revert to fuzzy communication after Fed-style clarity on rates

https://www.businesstimes.com.sg/international/bank-japan-may-revert-fuzzy-communication-after-fed-style-clarity-rates

 

UK consumer confidence sinks to lowest for over a year: GfK

https://www.businesstimes.com.sg/international/uk-consumer-confidence-sinks-lowest-over-year-gfk

 

UK employers target wage bill to offset tax hikes as gloom persists

https://www.businesstimes.com.sg/international/uk-employers-target-wage-bill-offset-tax-hikes-gloom-persists

 

More job cuts loom after UK firms run down Covid coffers

https://www.businesstimes.com.sg/international/more-job-cuts-loom-after-uk-firms-run-down-covid-coffers

 

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.

Scroll to Top