Singapore Real Estate / Built Environment
GuocoLand to launch its fourth Lentor project in Q1
GuocoLand, along with partners Hong Leong and CSC Land, is set to market Lentor Central Residences in the first quarter of 2025.
https://www.businesstimes.com.sg/property/guocoland-launch-its-fourth-lentor-project-q1
https://www.zaobao.com.sg/realtime/singapore/story20250127-5795489
Ditch the VIP inside track at new condo launches
In Singapore, one often needs more than just funding to secure a sought-after new home. Treat all potential buyers equally and let luck dictate who gets first bite at sought-after units.
https://www.businesstimes.com.sg/opinion-features/ditch-vip-inside-track-new-condo-launches
Singapore News
Lawrence Wong warns of uncertainty, calls for unity in first CNY message as prime minister
With Singapore’s economy ending the previous zodiac year “on a high note”, the country enters the Year of the Snake with “anticipation and hope”, Prime Minister Lawrence Wong said in his first Chinese New Year message since taking office in May 2024.
https://www.channelnewsasia.com/singapore/chinese-new-year-pm-lawrence-wong-diversity-4898721
https://www.zaobao.com.sg/news/singapore/story20250128-5797247
Fewer S’pore retrenchments in 2024 than in 2023; resident employment grew: MOM
Layoffs rose in the last quarter of 2024, but the year still closed with fewer layoffs than in 2023, and more Singapore residents in jobs. There were 3,600 retrenchments in the fourth quarter of 2024, up from 3,050 in the previous quarter, according to preliminary labour market data released by the Ministry of Manpower (MOM) on Jan 27.
https://www.zaobao.com.sg/realtime/singapore/story20250127-5794985
Putting GST back on the agenda
The past few years have been challenging for Singapore businesses as they dealt with the myriad changes and administrative guidance to the Goods and Services Tax (GST) system. From the introduction of customer accounting rules in 2019 and the implementation of the reverse charge regime in 2020, to the staggered GST rate hikes in 2023 and 2024, businesses have had to continuously recalibrate their processes and systems to stay compliant.
https://www.businesstimes.com.sg/opinion-features/putting-gst-back-agenda
Business News
CapitaLand India Trust posts 3% rise in H2 DPU to S$0.032, driven by higher rental income
CapitaLand India Trust posted a 3 per cent increase in distribution per unit (DPU) to S$0.032 for the second half ended Dec 31, 2024, from S$0.0309 in the year-ago period.
https://www.zaobao.com.sg/realtime/singapore/story20250127-5798048
Keppel Reit H2 2024 DPU falls 3.4 per cent to S$0.028; manager confident of strong Singapore office demand
The manager of Keppel Real Estate Investment Trust reported distribution per unit (DPU) of S$0.028 for the second half ended Dec 31, 2024, falling 3.4 per cent from S$0.029 in the corresponding year-ago period.
https://www.zaobao.com.sg/realtime/singapore/story20250127-5797927
Mapletree Investments acquires logistics assets in UK, Spain for 315.1 million euros
Real estate giant Mapletree Investments has acquired its first logistics property in the United Kingdom and 10 warehouses in Spain for a total of about 315.1 million euros (S$444.5 million).
https://www.zaobao.com.sg/realtime/singapore/story20250127-5795077
SLB Development jumps 33% after S$0.23-per-share privatisation offer from Lian Beng’s Ong family
Shares of property player SLB Development surged on Monday (Jan 27) morning, after it announced last week that it had received a privatisation offer from Lian Beng’s Ong family.
Global Economy & Real Estate
World Bank president cautions against hasty reaction to Trump policies
With the Fed likely to stand pat on rates, investors will scrutinise every detail for any deviation on policy
Brookfield seeks to buy more Japan property after US$1.6 billion in deals
China’s factory activity cools ahead of Chinese New Year holiday
China’s Guangdong, missing GDP target 3 years running, among slowest economies in 2024
From Hong Kong to London, prime home values set to decline
https://www.businesstimes.com.sg/property/hong-kong-london-prime-home-values-set-decline
New Zealand eases visa rules to allow visitors to work remotely
Saudi Arabia opens foreign property investments in holy cities
Thailand sees economy growing up to 3.5% this year on stimulus, foreign investment
Thailand hands out US$890 million to elderly in boost for economy
UK firms see biggest hit to output and profit since pandemic
https://www.businesstimes.com.sg/international/uk-firms-see-biggest-hit-output-and-profit-pandemic
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