Singapore Real Estate / Built Environment
Retail rents expected to rise at slower rate in 2025 despite boost from new F&B brands
Singapore’s prime retail rents islandwide are expected to have risen between 2 and 4 per cent for the whole of 2024, driven by tourism recovery and expansion of foreign food and beverage (F&B) brands.
Condo resale prices rise in November as volumes fall
Prices for condominium resale transactions rebounded in November against a seasonal drop in volumes, according to the latest flash report by SRX and 99.co.
https://www.businesstimes.com.sg/property/condo-resale-prices-rise-november-volumes-fall-srx-99-co
https://www.zaobao.com.sg/realtime/singapore/story20241224-5642062
Singapore News
Some businesses unable to access e-services, process transactions on Acra’s new Bizfile portal
Some business owners are facing difficulties accessing e-services and processing transactions on the Accounting and Corporate Regulatory Authority’s (Acra) new online Bizfile portal, following the website’s launch on Dec 9.
S’pore firms braced for turbulent 2025 after a year hunkering down on transformation
Companies here are bracing themselves for turbulence in 2025 after weathering a year of business re-engineering in 2024. The moves were not by choice, but came as a result of high business costs and talent shortages that forced enterprises to put immediate growth plans on hold to focus on fortifying themselves, industry players said.
Business News
Koh Brothers Eco unit wins S$313.9 million LTA contract to build bus depot
Catalist-listed engineering solutions provider Koh Brothers Eco Engineering : 5HV 0% was awarded a S$313.9 million contract by the Land Transport Authority (LTA) through its wholly owned subsidiary, Koh Brothers Building & Civil Engineering Contractor (KBCE).
https://www.zaobao.com.sg/realtime/singapore/story20241226-5647139
SingPost’s proposed A$1b sale of Australian business ‘on track’, says buyer Pacific Equity Partners
The proposed divestment by Singapore Post (SingPost) : S08 +3%of its Australian logistics business is not affected by SingPost’s recent firing of its three senior executives, the buyer Pacific Equity Partners (PEP) told The Business Times on Tuesday (Dec 24).
Global Economy & Real Estate
Trump’s wish to control Greenland and Panama Canal is not a joke this time
A preview of US politics for the next few years
https://www.businesstimes.com.sg/opinion-features/preview-us-politics-next-few-years
Major banks, business groups sue US Federal Reserve over ‘opaque’ stress tests
China approves value-added tax law, taking effect in 2026
https://www.businesstimes.com.sg/international/china-approves-value-added-tax-law-taking-effect-2026
China avoids rate cut to keep ammunition for future pressure
China keeps key rate steady with traders expecting cuts in 2025
China to ramp up fiscal support for consumption in 2025
China to focus on stabilising real estate market in 2025, housing regulator says
https://www.channelnewsasia.com/business/china-policies-stabilise-property-market-2025-4825571
Shimao cuts asking price for Hong Kong’s second-largest hotel
ECB plans to clamp down on banks ignoring its demands for fixes
Outlook for Hong Kong’s high-end homes to brighten in 2025
Hong Kong restaurants and bars enjoy business bump over Christmas
Japan says its economy likely to mark first positive output gap in 7 years
Japan corporate service inflation rises, bolsters Bank of Japan rate-hike odds
Bank of Japan’s Ueda expects further progress in hitting price target next year
Johor sees uptick in Q3 home sales, but experts advise caution amid ample supply
Thai Cabinet approves handouts, minimum wage increase and tax breaks, PM says
UK economy to outperform Europe in next 15 years, says think-tank
https://www.businesstimes.com.sg/international/uk-economy-outperform-europe-next-15-years-cebr
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