Singapore Real Estate / Built Environment
HDB releases mixed-use site at new Chencharu housing estate for sale
Singapore’s Housing and Development Board (HDB) on Thursday (Sep 26) launched a mixed commercial and residential site at Chencharu Close in Yishun for sale via tender.
https://www.businesstimes.com.sg/property/hdb-releases-mixed-use-site-new-chencharu-housing-estate-sale
https://www.straitstimes.com/singapore/housing/hdb-releases-mixed-use-site-at-new-chencharu-housing-estate-for-sale
https://www.zaobao.com.sg/finance/singapore/story20240926-4863808
https://www.edgeprop.sg/property-news/hdb-launches-tender-first-mixed-use-site-upcoming-chencharu-town
Roxy Square’s S$1.25 billion collective sale closes with no bids
Roxy Square’s collective sale tender closed on Thursday (Sep 26) with no bids, after the freehold mixed-use development in Katong was launched for sale in July at a guide price of S$1.25 billion.
https://www.businesstimes.com.sg/property/roxy-squares-s1-25-billion-collective-sale-closes-no-bids
Singapore’s conservation properties must stand the test of time. One townhouse in Neil Road aims to show the way for the future.
More than 6,500 shophouses in Singapore have been conserved for their historical and cultural value. Can they be made greener in the face of climate change?
https://www.straitstimes.com/multimedia/graphics/2024/09/singapore-conserved-properties/index.html?shell
First 4-room Bidadari flats resold for S$937,500 to S$1.17 million, about double BTO launch prices
The first flats from the Bidadari housing estate have hit the resale market, and analysts say the initial transactions show there is strong demand for flats in the area, especially from young couples looking to buy their first homes.
https://www.businesstimes.com.sg/singapore/first-4-room-bidadari-flats-resold-s937500-s1-17-million-about-double-bto-launch-prices
https://www.straitstimes.com/singapore/housing/first-bidadari-flats-enter-resale-market-strong-demand-from-first-time-homebuyers
Business News
Singapore’s 6-month Treasury bill yield drops to 2-year low after US rate cut
Singapore: Yields on Singapore’s six-month Treasury bill (T-bill) fell to a more than two-year low on Thursday (Sep 26), with the latest auction reporting a cut-off yield of 2.97 per cent per annum.
https://www.channelnewsasia.com/business/singapore-6-month-t-bill-yield-drops-after-us-rate-cut-lowest-more-2-years-4639751
FairPrice, Sheng Siong in fine fettle even as Giant shrinks footprint
Supermarket players are continuing to grow their physical footprint in Singapore, opening more stores in the face of competition from online grocers and stiff competition.
https://www.businesstimes.com.sg/property/fairprice-sheng-siong-fine-fettle-even-giant-shrinks-footprint
UOL, SingLand in preliminary talks to acquire half stake in Sydney building
Property developers UOL and Singapore Land Group (SingLand) are in preliminary confidential discussions with an unnamed party on the potential acquisition of a 50 per cent stake in “an office and retail building” in Sydney.
https://www.businesstimes.com.sg/companies-markets/uol-singland-preliminary-talks-acquire-half-stake-sydney-building
Global Economy & Real Estate
US dollar edges down before Fed speakers, data; Swiss franc rises after SNB
https://www.businesstimes.com.sg/companies-markets/capital-markets-currencies/us-dollar-edges-down-fed-speakers-data-swiss-franc-rises-after-snb
US mortgage rates fall for third week to lowest in two years
https://www.businesstimes.com.sg/property/us-mortgage-rates-fall-third-week-lowest-two-years
Pending sales of homes in US ticked up as borrowing costs drop
https://www.businesstimes.com.sg/property/pending-sales-homes-us-ticked-borrowing-costs-drop
World’s first 3D-printed hotel takes shape in Texas
https://www.businesstimes.com.sg/lifestyle/worlds-first-3d-printed-hotel-takes-shape-texas
Yellen sees US housing costs coming down, enabling 2% inflation
https://www.businesstimes.com.sg/international/yellen-sees-us-housing-costs-coming-down-enabling-2-inflation
China to issue 2 trillion yuan of sovereign debt this year to help revive economy: sources
https://www.businesstimes.com.sg/international/china-issue-2-trillion-yuan-sovereign-debt-year-help-revive-economy-sources
https://www.zaobao.com.sg/finance/china/story20240926-4864139
China vows ‘necessary spending’ to hit economic growth target
https://www.businesstimes.com.sg/international/china-vows-necessary-spending-hit-economic-growth-target
China’s August net gold imports via HK lowest in over 2 years
https://www.businesstimes.com.sg/companies-markets/energy-commodities/chinas-august-net-gold-imports-hk-lowest-over-2-years
China’s senior officials first mentioned that the property market has stopped falling and stabilized: stabilizing housing prices from falling will be a political goal
https://www.zaobao.com.sg/finance/china/story20240927-4865196
Country Garden bondholders approve delays on yuan bond payments
https://www.businesstimes.com.sg/property/country-garden-bondholders-approve-delays-yuan-bond-payments
Five years on, a prosperous Greater Bay Area drives China’s growth
https://www.youtube.com/watch?v=ccWRjr7aUzU
Hong Kong home rents surge to near record highs as flat prices sink further
https://www.scmp.com/business/article/3280022/hong-kong-home-rents-surge-near-record-highs-flat-prices-sink-further
Hong Kong developer Lai Sun prices The Parkland in Yuen Long at 10-year low to lure buyers
https://www.scmp.com/business/article/3280073/hong-kong-developer-lai-sun-prices-parkland-yuen-long-10-year-low-lure-buyers
Ikea will test smaller stores in China to woo cautious shoppers
https://www.businesstimes.com.sg/companies-markets/consumer-healthcare/ikea-will-test-smaller-stores-china-woo-cautious-shoppers
German economic institutes expect GDP to contract again in 2024
https://www.businesstimes.com.sg/international/german-economic-institutes-expect-gdp-contract-again-2024
Hong Kong home prices drop for fourth straight month in August
https://www.businesstimes.com.sg/property/hong-kong-home-prices-drop-fourth-straight-month-august
https://www.scmp.com/business/article/3280022/hong-kong-home-rents-surge-near-record-highs-flat-prices-sink-further
Trading halted in Hong Kong-listed New World Development
https://www.businesstimes.com.sg/property/trading-halted-hong-kong-listed-new-world-development
https://www.scmp.com/business/article/3279985/new-world-development-retail-unit-suspended-trading-following-adrian-cheng-report
India to borrow 6.61 trillion rupees via bonds in Oct-March
https://www.businesstimes.com.sg/companies-markets/india-borrow-6-61-trillion-rupees-bonds-oct-march
Japan, South Korea eye anti-dumping action on Chinese steel goods
https://www.businesstimes.com.sg/international/japan-south-korea-eye-anti-dumping-action-chinese-steel-goods
Japan’s NTT Group considers data centre Reit IPO in Singapore
https://www.businesstimes.com.sg/international/asean/japans-ntt-group-considers-data-centre-reit-ipo-singapore
Thailand’s central bank needs to put country first, commerce minister says
https://www.businesstimes.com.sg/international/thailands-central-bank-needs-put-country-first-commerce-minister-says
Swiss central bank lowers rates and flags further cuts as inflation eases
https://www.businesstimes.com.sg/companies-markets/banking-finance/swiss-central-bank-lowers-rates-and-flags-further-cuts-inflation-eases
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