Singapore Real Estate / Built Environment
URA launches residential sites for sale at Dorset Road, Upper Thomson Road, Telok Blangah Road
The Urban Redevelopment Authority (URA) on Tuesday (Jun 24) released three residential sites at Dorset Road, Upper Thomson Road (Parcel A) and Telok Blangah Road for sale under the H1 2025 government land sales (GLS) programme.
https://www.zaobao.com.sg/realtime/singapore/story20250624-6959119
ST Explains: What it means for you if 15-month wait-out period for private home owners is lifted
Private home owners looking to buy a non-subsidised resale Housing Board flat must wait 15 months after selling their property. Introduced in 2022, the 15-month wait-out period was aimed at curbing demand from cash-rich downgraders.
Singapore News
UN Charter’s principles ‘more important than ever’ amid rising geopolitical tensions: PM Wong
With geopolitical tensions rising, the principles of the United Nations Charter are more important than ever, Singapore Prime Minister Lawrence Wong said on June 24.
https://www.zaobao.com.sg/news/singapore/story20250624-6959681
Singapore relationship with UK is ‘one of certainty’ amid global disruptions: Melvyn Ong
The Republic’s relationship with the United Kingdom is one of certainty as “the world around us loses their heads”, said permanent secretary for defence development Melvyn Ong.
Business News
Citi appoints Nathan Swami as new head of markets for Singapore
Citigroup on Tuesday (Jun 24) named its head of foreign exchange (FX) trading Nathan Swami as the new head of markets for Singapore. He will succeed Smith Smithangura, who served as head of markets for Singapore and previously as Asean head of investor sales. Smithangura plans to retire at the end of June.
Frasers Centrepoint Trust prices S$200 million perpetual securities at 3.98%
Frasers Centrepoint Trust’s (FCT) trustee HSBC Institutional Trust Services has priced S$200 million subordinated perpetual securities at 3.98 per cent under its S$3 billion multicurrency debt issuance programme.
Global Economy / Real Estate News
Powell reiterates no rush to cut as Fed awaits tariff clarity
US consumer confidence drops on broad concerns about economy
Gold hits near 2-week low as Trump announces Israel-Iran ceasefire
US strikes may have set back Iran nuclear programme only months, intelligence report says
US judge blocks Trump plan to close Harvard’s doors to international students
Stoneweg European Business Trust invests 50 million euros in fund with early-stage data centre sites
New law required to cover building repairs in Hong Kong
Call for regulated rents in Hong Kong student hostels ahead of relaxed planning rules
Hong Kong’s smaller developers become US$22 billion risk for banks
Despite property market slump, Hong Kong must increase housing supply
Hong Kong security firm’s coming closure ‘not a warning sign for industry’
Japan’s corporate service inflation hits 3.3% in May
https://www.channelnewsasia.com/business/japans-corporate-service-inflation-hits-33-may-5201806
Some in BOJ called for keeping rates low for now, June summary shows
Daiwa plans 100 billion yen real estate fund as Japan market booms
Korean consumer confidence jumps to four-year high on stimulus hope
Malaysia’s May CPI rises 1.2% y/y, less than forecast
https://www.businesstimes.com.sg/international/asean/malaysias-may-cpi-rises-1-2-yy-less-forecast
Global banks weigh Middle East evacuations, limit travel as tensions rise
Oil prices edge higher as investors assess Iran-Israel ceasefire
Thailand records 4.24% y/y drop in foreign visitors so far in 2025
Billionaire leaves ownership of Thai beermaker to five children
Chinese firms boost exports to UK as Trump tariffs shift trade
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