Singapore Real Estate / Built Environment
Qingjian venture markets Bloomsbury Residences at Media Circle from about S$2,400 psf
Qingjian Realty and Forsea Holdings will start previews for their Buona Vista project Bloomsbury Residences on Saturday (Mar 29), with prices starting at S$1.37 million for two-bedroom units. The development will house 358 units in three blocks, and a retail space spanning 400 square metres (sq m). The three blocks will have 14, 21 and 23 floors, respectively.
Who wants to be a property agent? Rewards could outweigh risks
The job market in Singapore is tight, with some sectors struggling to fill vacancies. However, the property agency business is doing fine in attracting new joiners. According to the Council for Estate Agencies, the number of property agents as at Jan 1, 2025, was 36,058, up from 35,251 a year ago.
Singapore News
Asean can cooperate more intensively on trade amid geopolitical uncertainties: SM Lee
Amid a strained geopolitical outlook, Singapore and the rest of Asean can “cooperate more intensively” on trade to help stabilise the regional order in the Asia-Pacific, Senior Minister Lee Hsien Loong said on March 24.
https://www.zaobao.com.sg/news/singapore/story20250324-6063195
Singapore core inflation dips further to 0.6% in February, lowest in nearly 4 years
Singapore’s inflation fell further in February to the lowest levels in nearly four years, driven by slower price increases across most broad core categories, other than retail and other goods, data from the Singapore Department of Statistics showed on Monday (Mar 24).
https://www.zaobao.com.sg/finance/singapore/story20250324-6063210
GE2025: Revised registers of voters certified, available for public inspection from Mar 25
The revised Registers of Electors have been certified and are available for public inspection from Tuesday (Mar 25). There are a total of 2,758,095 electors in the registers, according to a statement from the Elections Department (ELD) on Monday.
Business News
ESR Reit completes sale of logistic warehouse for S$6.8 million
The manager of ESR Real Estate Investment Trust (ESR Reit) has completed the divestment of a logistics property in Singapore for S$6.8 million. This represents a 3.5 per cent premium above their valuation of S$6.6 million as at Dec 31, 2024. The divestment is not expected to have any material impact on the Reit’s net asset value and distribution for the financial year ending Dec 31, 2025.
Frasers Centrepoint Trust to acquire the South Wing of Northpoint City for S$1.17 billion
The manager of Frasers Centrepoint Trust : J69U 0% on Tuesday (Mar 25) announced it has entered into unit purchase agreements with FCL Amber and Bright Bloom Capital respectively, to acquire the South Wing of Northpoint City for S$1.17 billion.
GuocoLand names new managing director for China business
Property developer GuocoLand has appointed Kevin Zhou as the new managing director of its wholly owned subsidiary GuocoLand China, effective Tuesday (Mar 25). He takes over from Peter Lee, who had been in the role since April 2022. The group announced his resignation last Friday, citing the 59-year-old’s wish to retire.
Temasek’s asset manager Seviora expands to the Middle East
[Singapore] Seviora Group, an asset manager that is wholly owned by Temasek, is widening its reach by opening its first office in the Middle East. With US$54 billion in assets under management across public and private markets, Seviora said on Monday (Mar 24) that the office, located in the Abu Dhabi Global Market (ADGM), will help it tap the Middle East’s expanding asset management industry.
Global Economy & Real Estate
Trump’s port fees on Chinese ships threaten US maritime industry, say executives
Oil rises 1% as Trump plans tariff on countries that buy Venezuelan oil, gas
Australian government seeks to win back voters with household relief
BlackRock shifts to US junk bonds with ECB set to slow rate cuts
What tariffs? Another China GDP forecast rises on fast start, capital outlays
Chinese developer Sunac says to conduct second offshore debt restructuring
Hong Kong urged to offer well-off tenants priority ‘carrot’ to buy subsidised flats
Bank of Japan says to raise rates if price target to be achieved, despite losses on JGBs
Japan’s factory activity declines accelerate, services sag: PMI
London homes grow more affordable, but out of reach for many
https://www.businesstimes.com.sg/property/london-homes-grow-more-affordable-out-reach-many
Malaysia maintains 2025 growth forecast at 4.5% to 5.5%, warns of rising risks amid protectionism
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