Singapore Real Estate / Built Environment
Orchid Country Club, Science Park sites among plots rezoned for housing
Three sprawling golf club sites and five Buona Vista business park plots are among parcels of land that have been rezoned for housing in the new Draft Master Plan 2025 (DMP2025).
https://www.zaobao.com.sg/realtime/singapore/story20250629-7022372
Depot Lane industrial estate and warehouses to be vacated by Q4 to make way for housing
An industrial estate and a row of warehouses at Depot Lane in Bukit Merah will be vacated by the fourth quarter of 2025 to make way for housing. JTC Corporation, which manages the industrial estate, said the plot will be returned to the state for future residential development, in response to queries from The Straits Times.
Far East Organization opens Amber House condo for sale with prices from about S$2,900 psf
Far East Organization will open its Amber House project in the East Coast for sale on Saturday (Jun 28), with prices starting from S$1.92 million. Located along Amber Gardens in District 15, the freehold residential development comprises 105 units in a 16-storey tower.
Refurbished Tanjong Katong Complex to reopen fully by 2029, as tender for site awarded
Tanjong Katong Complex, a landmark in the Geylang Serai Cultural Belt, is set to reopen fully by 2029, after a tender for the site was awarded on a 30-year lease.
https://www.zaobao.com.sg/realtime/singapore/story20250628-7003180
Singapore News
S’pore increased its security posture amid rising tensions from Iran-Israel conflict: Shanmugam
Singapore has increased its security posture amid rising tensions from the Iran-Israel conflict, said Coordinating Minister for National Security K. Shanmugam.
Global uncertainty over security will affect jobs, wages and prices in S’pore: Chan Chun Sing
An increasingly volatile global security environment will reinforce economic uncertainty, which will have implications on jobs, wages and prices in Singapore, said Defence Minister Chan Chun Sing.
Singapore’s job vacancies, unemployment up in Q1, with US tariff impact yet to be seen: MOM
Both job vacancies and unemployment rose in the first quarter of 2025, causing the ratio between them to stay unchanged, the Ministry of Manpower’s (MOM) Labour Market Report indicated on Friday (Jun 27). Resident and non-resident employment grew more slowly than in the previous quarter, said the report, in an update to the Apr 28 advance release.
Singapore to trial autonomous vehicles in Punggol from fourth quarter of 2025
Singapore will trial autonomous vehicles (AVs) in Punggol from the fourth quarter of this year, Acting Transport Minister Jeffrey Siow said on Friday (Jun 27).
https://www.channelnewsasia.com/singapore/autonomous-vehicles-public-transport-punggol-5209136
https://www.zaobao.com.sg/realtime/singapore/story20250629-7005561
Business News
Frasers Hospitality’s Tokyo debut part of growth strategy to expand to business gateway cities
Although the completion of Frasers Hospitality’s newest accommodation in Japan, Yotel Tokyo Ginza, was delayed by four years, it was a blessing in disguise.
HSBC private banking arm names new Apac head of wealth planning
HSBC Global Private Banking has appointed a new regional head of wealth planning and advisory for Asia-Pacific via an internal promotion. Ann Ling, who currently heads wealth planning for Hong Kong, the Philippines and international markets, will assume the role on Jul 1.
From Changi T5 to MBS expansion, Koh Brothers Group rides on Singapore’s infrastructural upgrades
Construction and property group Koh Brothers is set to usher in a new era of growth, as Singapore embarks on large-scale infrastructure upgrades over the next few years.
Other News
MAS fines 5 payment firms S$960,000 for anti-money laundering lapses
The Monetary Authority of Singapore (MAS) has fined five major payment institutions a total of S$960,000 for breaches of its anti-money laundering and countering the financing of terrorism requirements.
NDP 2025 Exco warns public against scammers posing as NDP representatives
The National Day Parade (NDP) 2025 executive committee (Exco) will never ask the public or organisations for cash sponsorship, donations or personal details over the phone, organisers of Singapore’s birthday bash said on June 28.
Global Economy / Real Estate News
G7 agrees to exempt US multinationals from global minimum tax
https://www.businesstimes.com.sg/international/g7-agrees-exempt-us-multinationals-global-minimum-tax
Trump cuts off US trade talks with Canada, shattering optimism over tariff deals
US consumer spending falls unexpectedly in May
https://www.businesstimes.com.sg/international/us-consumer-spending-falls-unexpectedly-may
China’s industrial profits slip back into sharp decline in May
Wealthy Europeans lured by tax havens face surge in exit charges
Hong Kong real estate gets short-term loose-money bump
High-end office properties in Causeway Bay to lure major global tenants, JLL says
Golden Harvest closes its 4 remaining cinemas amid industry upheaval in Hong Kong
Editorial | High marks for Hong Kong’s hotels as student accommodation
New World gets 100% lender approval for US$11 billion refinancing
Japan’s May factory output rises, but slower than expected as tariff threats loom
Malaysia’s Second Finance Minister Amir Hamzah to take over Economy Minister’s duties after Rafizi resignation
Wealthy Silicon Valley investors in line for US$17 billion windfall in US senate Republican tax Bill
Thailand central bank vows to step in if baht moves are unhinged
UK business confidence levels hit highest since 2015: Lloyds
https://www.businesstimes.com.sg/international/uk-business-confidence-levels-hit-highest-2015-lloyds
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