Singapore Real Estate
Two bids submitted by consortium for mega site in Jurong Lake District, slated to be Singapore’s 2nd CBD
Singapore – A consortium of five real estate heavy hitters have jointly bid for the tender of a master developer site in Jurong Lake District, which is set to become Singapore’s largest business district outside the city centre.
https://www.straitstimes.com/business/two-bids-submitted-by-consortium-for-mega-site-at-jurong-lake-district-slated-to-be-singapore-s-2nd-cbd
https://www.theedgesingapore.com/news/property/sole-consortium-giant-developers-bid-jurong-lake-district-master-developer-site
Prices of Singapore GCBs, luxury apartments remain stable as sales volume declines
Although transaction volumes for luxury apartments and Good Class Bungalows (GCBs) were lower in the second half of 2023, prices for these segments remained stable, said CBRE on Tuesday (Mar 26).
https://www.businesstimes.com.sg/property/prices-singapore-gcbs-luxury-apartments-remain-stable-sales-volume-declines
https://www.straitstimes.com/business/fewer-good-class-bungalows-luxury-apartments-in-singapore-sold-but-prices-stayed-stable-cbre
https://www.edgeprop.sg/property-news/gcb-and-luxury-residential-transactions-declined-2h2023-prices-remained-stable-cbre
About 8 in 10 occupiers in Singapore targeting 100% green-certified portfolios by 2030: JLL
Singapore – Corporate net zero carbon goals are driving demand for green office buildings in Singapore, according to JLL. Research done by the consultancy published on March 26 shows that 83% of occupiers surveyed in Singapore are targeting 100% green-certified portfolios by 2030, up from 0% currently.
https://www.edgeprop.sg/property-news/about-8-10-occupiers-singapore-targeting-100-green-certified-portfolios-2030-jll
Global Economy & Real Estate
Oil settles lower as markets weigh Russian supply woes
https://www.businesstimes.com.sg/companies-markets/energy-commodities/oil-settles-lower-markets-weigh-russian-supply-woes
Adam Neumann bids over US$500 million to buy back WeWork: source
https://www.businesstimes.com.sg/property/adam-neumann-bids-over-us-500-million-buy-back-wework-source
US home-price growth picks up with ‘healthy gains’ across cities
https://www.businesstimes.com.sg/property/us-home-price-growth-picks-healthy-gains-across-cities
Australia bank CEOs call for a fix to housing shortage
https://www.businesstimes.com.sg/property/australia-bank-ceos-call-fix-housing-shortage
China manufacturing drive risks higher US inflation, NY Fed says
https://www.businesstimes.com.sg/international/china-manufacturing-drive-risks-higher-us-inflation-ny-fed-says
China Resources Land posts 11.7% profit increase, sees stability ahead for property sector thanks to policy support
https://www.scmp.com/property/article/3256742/china-resources-land-posts-117-profit-increase-sees-stability-ahead-property-sector-thanks-policy
10 months and counting: Hong Kong home prices worsen in February to the lowest level since September 2016
https://www.scmp.com/business/article/3256730/10-months-and-counting-hong-kong-home-prices-worsen-february-lowest-level-september-2016
Yen stabilises after finance minister comments, dollar dips
https://www.businesstimes.com.sg/companies-markets/banking-finance/yen-stabilises-after-finance-minister-comments-dollar-dips
Vietnam’s stable economic policies a saving grace for investors amid leadership turmoil
https://www.businesstimes.com.sg/international/asean/vietnam-s-stable-economic-policies-saving-grace-investors-amid-leadership-turmoil
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