Singapore Real Estate/Built Environment
Cracks appearing in Singapore’s prime office rental market as rent growth eases
Rents in the prime Raffles Place/Marina Bay precinct grew 1.3 per cent in the first half of 2024, slowing from the 2.5 per cent increase from the year-ago period, according to a report by Knight Frank on Monday (Jun 24).
https://www.businesstimes.com.sg/property/cracks-appearing-singapores-prime-office-rental-market-rent-growth-eases
Temper expectations in Singapore’s private purpose-built senior-living sector
The spectre of a rapidly ageing population is a chilling prospect for policymakers. What lies ahead could be a shortage of younger workers to drive the economy, or insufficient funds to meet the health and social care needs of the elderly.
https://www.businesstimes.com.sg/opinion-features/temper-expectations-singapores-private-purpose-built-senior-living-sector
Singapore Economy
Singapore’s May inflation meets economists’ expectations; headline and core figures at 3.1%
Singapore’s inflation in May met economists’ expectations, with headline inflation rising at a faster pace than the month before, data from the Department of Statistics showed on Monday (Jun 24).
https://www.businesstimes.com.sg/singapore/economy-policy/singapores-may-inflation-meets-economists-expectations-headline-and-core-figures-3-1
https://www.straitstimes.com/business/singapore-core-inflation-sticks-at-31-in-may-as-overall-consumer-prices-rise
https://www.channelnewsasia.com/singapore/core-inflation-may-2024-remain-unchanged-mas-mti-4431626
Singapore retains spot as costliest city for high-net-worth individuals to live well: report
Singapore has maintained its spot as the most expensive city in the world for high-net-worth (HNW) individuals to live well, said a report by Swiss private bank Julius Baer on Tuesday (Jun 25).
https://www.businesstimes.com.sg/companies-markets/singapore-retains-spot-costliest-city-high-net-worth-individuals-live-well-report
https://www.scmp.com/business/banking-finance/article/3267860/singapore-pips-hong-kong-worlds-most-expensive-city-live-extremely-well
Views, Reviews, Forum and Others
Singapore monitoring impact of oil spill on beach-front businesses: Grace Fu
Singapore is monitoring the impact of the recent oil spill on beach-front businesses which operate sea-based activities, said Minister for Sustainability and the Environment Grace Fu on Monday (Jun 24).
https://www.businesstimes.com.sg/singapore/singapore-monitoring-impact-oil-spill-beach-front-businesses-grace-fu
COVID-19 cases down but remain elevated, MOH calls for more to get booster jabs
Singapore: At least 30 mobile vaccination teams have been deployed to the heartlands this month as the Health Ministry (MOH) extends their reach amid the current COVID-19 wave.
https://www.channelnewsasia.com/singapore/covid19-pandemic-coronavirus-mobile-vaccination-boosters-moh-health-ministry-4431961
Global Economy & Real Estate
Oil prices rise on fuel demand expectations, easing US dollar
https://www.businesstimes.com.sg/companies-markets/energy-commodities/oil-prices-rise-fuel-demand-expectations-easing-us-dollar
China to woo foreign investors as it hosts upcoming World Economic Forum gathering
https://www.channelnewsasia.com/asia/dalian-world-economic-forum-china-foreign-direct-investors-summer-davos-networking-4431996
China’s fiscal revenue drops 2.8% in January to May
https://www.businesstimes.com.sg/international/chinas-fiscal-revenue-drops-2-8-january-may
https://www.channelnewsasia.com/business/chinas-fiscal-revenue-drops-28-january-may-4431446
China foreign direct investment falls for 12 straight months
https://www.businesstimes.com.sg/international/china-foreign-direct-investment-falls-12-straight-months
China’s retail outlook dims after mid-year shopping festival flop
https://www.businesstimes.com.sg/international/global/chinas-retail-outlook-dims-after-mid-year-shopping-festival-flop
China’s visa-free moves a hit with Southeast Asian tourists; geopolitical gains also on itinerary: Analysts
https://www.channelnewsasia.com/east-asia/china-visa-free-southeast-asia-tourists-geopolitical-tensions-west-4428756
German business sentiment unexpectedly darkens in June, Ifo says
https://www.businesstimes.com.sg/international/german-business-sentiment-unexpectedly-darkens-june-ifo-says
Hong Kong’s New World completes HK$35 billion loan arrangements, debt repayments this year
https://www.businesstimes.com.sg/property/hong-kongs-new-world-completes-hk35-billion-loan-arrangements-debt-repayments-year
https://www.scmp.com/business/banking-finance/article/3267865/hong-kongs-new-world-development-touts-us45-billion-new-loans-repayments?module=top_story&pgtype=subsection
Indonesia can keep budget deficit under 3% ceiling, World Bank says
https://www.channelnewsasia.com/business/indonesia-can-keep-budget-deficit-under-3-ceiling-world-bank-says-4431486
Japan’s business-to-business service inflation hits 2.5% in May
https://www.channelnewsasia.com/business/japans-business-business-service-inflation-hits-25-may-4434041
Bank of Japan debated need for timely rate hike at June meeting, summary shows
https://www.businesstimes.com.sg/companies-markets/banking-finance/bank-japan-debated-need-timely-rate-hike-june-meeting-summary-shows
https://www.channelnewsasia.com/business/boj-debated-need-timely-rate-hike-june-meeting-summary-shows-4431306
Thai Finance Minister says economic growth to be driven to 3% this year
https://www.channelnewsasia.com/business/thai-finance-minister-says-economic-growth-be-driven-3-year-4432421
Thai central bank sees current interest rate ‘robust to many scenarios’
https://www.businesstimes.com.sg/international/asean/thai-central-bank-sees-current-interest-rate-robust-many-scenarios
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