Singapore Real Estate / Built Environment
Bishan to get over 2 million sq ft of office space, new integrated development
Plans to develop Bishan as a business node could add over 2 million square feet (sq ft) of new office space to the area, Minister for National Development Chee Hong Tat disclosed on Thursday (Jun 26).
https://www.zaobao.com.sg/realtime/singapore/story20250626-6970686
Frasers, Sekisui, CSC Land consortium tops nine bids for Dunearn Road site with S$1,410 psf ppr bid
The tender for the maiden government land sales (GLS) site in the new Bukit Timah Turf City estate drew a strong turnout, with nine bids. On offer at Thursday’s (Jun 26) exercise was a 99-year leasehold private housing site in Dunearn Road, near the Sixth Avenue MRT station, that can generate about 380 units.
https://www.zaobao.com.sg/finance/singapore/story20250626-6979047
Early start to heritage studies for Bukit Timah Turf City housing site is paying off
A study published in 2021 found a swimming pool complex in the Old Police Academy at Mount Pleasant to be among the most significant in terms of heritage value, second to only a Senior Police Officers’ Mess.
Singapore News
Singapore’s factory output growth slows to 3.9% in May, but beats estimates
The growth of the Republic’s factory output in May was likely fuelled by continued front-loading ahead of US President Donald Trump’s tariffs, though the slower pace suggests that activity is beginning to cool, economists said on Thursday (Jun 26).
https://www.zaobao.com.sg/realtime/singapore/story20250626-6973487
Government urges private sector to stop using full, partial NRIC numbers for authentication
‘Long overdue’: Experts welcome advisory against private-sector use of NRIC numbers for authentication
The Personal Data Protection Commission (PDPC) and Cyber Security Agency (CSA) on Thursday (Jun 26) advised private organisations to stop using full or partial national registration identity card (NRIC) numbers for authentication.
https://www.zaobao.com.sg/realtime/singapore/story20250626-6971843
Business News
CapitaLand India Trust prices S$100 million perpetual securities at 4.4%
CapitaLand India Trust (Clint) has priced S$100 million in subordinated perpetual securities at a 4.4 per cent fixed rate under its S$1.5 billion multicurrency debt issuance programme. Net proceeds from the issuance will be used to refinance existing borrowings, repay loans and finance business activities, acquisitions and the general working capital of Clint, the trustee-manager said on Wednesday (Jun 25).
SGS bond demand to stay high as safe havens sought amid tariff risks, Middle East tensions: RHB
Demand for Singapore Government Securities (SGS) bonds is set to stay high amid investor caution, as traders flock to safe havens on tariff uncertainty and Middle East tensions, an RHB report said on Wednesday (Jun 25).
Global Economy / Real Estate News
US economy contracts more than estimated in first quarter
https://www.businesstimes.com.sg/international/us-economy-contracts-more-estimated-first-quarter
Decision on naming next Fed chair not ‘imminent’: White House
US goods trade deficit widens in May as exports fall
https://www.businesstimes.com.sg/international/us-goods-trade-deficit-widens-may-exports-fall
US durable goods orders soar in May
https://www.businesstimes.com.sg/international/us-durable-goods-orders-soar-may
Recurring US jobless claims jump to highest since Nov 2021
https://www.businesstimes.com.sg/international/recurring-us-jobless-claims-jump-highest-nov-2021
ECB economists improve GDP forecasting with ChatGPT
https://www.channelnewsasia.com/business/ecb-economists-improve-gdp-forecasting-chatgpt-5205236
Hong Kong exports up 15.5% in May as firms race to beat China-US tariff deadline
Hong Kong home prices little changed in May
https://www.businesstimes.com.sg/property/hong-kong-home-prices-little-changed-may
Indonesia working on new e-commerce tax rule in bid to target ‘shadow economy’
Iran says no plan for new US nuclear talks, plays down impact of strikes
https://www.channelnewsasia.com/world/iran-israel-us-nuclear-talks-no-plan-abbas-araghchi-5206491
Core inflation in Japan’s capital slows but stays above BOJ target
Japan’s May jobless rate unchanged at 2.5%
https://www.businesstimes.com.sg/international/japans-may-jobless-rate-unchanged-2-5
Johor’s billion-ringgit property market braces for higher foreign-buyer tax
Philippines cuts 2025 GDP growth goal, trims inflation view
South Korea to announce measures to cool house prices: report
https://www.businesstimes.com.sg/property/south-korea-announce-measures-cool-house-prices-report
Tokyo’s rising rents show inflation cycle deepening for Bank of Japan
UK made fewer vehicles for the fifth straight month in May as tariffs bite
Britain vows to toughen its trade defences under new strategy
Vietnam PM expects US trade deal before July tariff deadline
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