Singapore Real Estate
Singapore climbs to sixth place in global resilient cities index
Singapore climbed six notches to become the world’s sixth most resilient city, from 12th place in 2021. This is according to real estate consultancy Savills’ annual global index tracking the resilience of 490 cities across the world.
https://www.businesstimes.com.sg/property/singapore-climbs-sixth-place-global-resilient-cities-index
Prime office rents grow in Q1 on renewals but may plateau in H2 2024: Knight Frank
Office rents in the Raffles Place/Marina Bay area rose in the first quarter of 2024, supported by renewals from businesses occupying quality spaces and demand from multinational corporations.
https://www.businesstimes.com.sg/property/prime-office-rents-grow-q1-renewals-may-plateau-h2-2024-knight-frank
https://www.edgeprop.sg/property-news/prime-office-rents-06-q-o-q-1q2024-knight-frank
Singapore Economy
MAS expected to stand pat in April review despite surprise bump in February’s core inflation
Private-Sector economists expect the Monetary Authority of Singapore (MAS) to leave its policy parameters unchanged at the next meeting in April, even as Singapore’s core inflation rose a surprising 3.6 per cent in February.
https://www.businesstimes.com.sg/singapore/mas-expected-stand-pat-april-review-despite-surprise-bump-february-s-core-inflation
https://www.straitstimes.com/business/singapore-core-inflation-rises-to-36-in-february-partly-on-cny-effect
Singapore dollar’s stellar run seen ending on MAS easing in April
Singapore – The Singapore dollar’s two-year streak as the top-performing Asian currency is seen ending in 2024 as the nation’s central bank may start loosening its policy as soon as April.
https://www.straitstimes.com/business/singapore-dollar-s-stellar-run-seen-ending-on-mas-easing-in-april
Global Economy & Real Estate
Oil settles higher as Russia orders output cuts, geopolitical tensions persist
https://www.businesstimes.com.sg/companies-markets/energy-commodities/oil-settles-higher-russia-orders-output-cuts-geopolitical-tensions-persist
US dollar dips as Japan and China fortify their currencies
https://www.businesstimes.com.sg/companies-markets/capital-markets-currencies/us-dollar-dips-japan-and-china-fortify-their-currencies
US new home sales unexpectedly fall in February
https://www.businesstimes.com.sg/property/us-new-home-sales-unexpectedly-fall-february
Big hotel chains and unbranded hotel owners find they need each other
https://www.businesstimes.com.sg/property/big-hotel-chains-and-unbranded-hotel-owners-find-they-need-each-other
Chinese developer Shimao lays out restructuring proposal
https://www.businesstimes.com.sg/international/global/chinese-developer-shimao-lays-out-restructuring-proposal
https://www.scmp.com/business/china-business/article/3256685/embattled-chinese-developer-shimao-seeks-offshore-investors-approval-restructure-us117-billion-debt
Country Garden finds partner to fund completion of skyscraper in Guangzhou, shares soar
https://www.scmp.com/business/article/3256620/country-garden-finds-partner-fund-completion-skyscraper-guangzhou-shares-soar
Mainland Chinese buyers have benefited the most from the removal of Hong Kong’s property curbs, have stepped up luxury purchases, JLL says
https://www.scmp.com/business/china-business/article/3256666/mainland-chinese-buyers-have-benefited-most-removal-hong-kongs-property-curbs-have-stepped-luxury
Hong Kong’s big estates post 32% slump in weekend transactions
https://www.businesstimes.com.sg/property/hong-kong-s-big-estates-post-32-slump-weekend-transactions
Hong Kong property rebound to keep Wang On busiest since listing day as Kowloon, Pok Fu Lam, Fortress Hill projects take off: CEO
https://www.scmp.com/business/companies/article/3256521/hong-kong-property-rebound-keep-wang-busiest-listing-day-kowloon-pok-fu-lam-fortress-hill-projects
The Peninsula sees challenges as Hong Kong luxury hotel chain seeks to counter ‘negative perception’ hobbling tourism industry
https://www.scmp.com/business/article/3256532/peninsula-sees-challenges-hong-kong-luxury-hotel-chain-seeks-counter-negative-perception-hobbling
Malaysia inflation up 1.8% in February, beating economists’ forecast
https://www.businesstimes.com.sg/international/asean/malaysia-inflation-1.8-february-beating-economists-forecast
Sweden’s SBB to buy back debt at 60% discount
https://www.businesstimes.com.sg/property/sweden-s-sbb-buy-back-debt-60-discount
England’s homes found more cramped than those in New York City
https://www.businesstimes.com.sg/property/england-s-homes-found-more-cramped-those-new-york-city
UK homes have worst value for money in developed world: study
https://www.businesstimes.com.sg/property/uk-homes-have-worst-value-money-developed-world-study
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