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The Leading Professional and Representative Body for the Real Estate Industry

DAILY NEWS

 

Daily News 28 January 2025 (Tue)

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.businesstimes.com.sg/singapore/lawrence-wong-warns-uncertainty-calls-unity-first-cny-message-prime-minister

https://www.straitstimes.com/singapore/politics/spores-unity-a-precious-asset-in-a-divided-world-says-pm-wong-in-cny-message

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.straitstimes.com/business/fewer-spore-retrenchments-in-2024-than-in-2023-resident-employment-grew-mom

https://www.businesstimes.com.sg/singapore/singapore-sees-fewer-job-cuts-slower-employment-growth-2024

https://www.channelnewsasia.com/singapore/retrenchments-fall-2024-employment-growth-slows-labour-market-mom-4898341

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.businesstimes.com.sg/companies-markets/capitaland-india-trust-posts-3-rise-h2-dpu-s0-032-driven-higher-rental-income

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.businesstimes.com.sg/companies-markets/keppel-reit-h2-2024-dpu-falls-3-4-cent-s0-028-manager-confident-strong-singapore-office-demand

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.businesstimes.com.sg/companies-markets/mapletree-investments-acquires-logistics-assets-uk-spain-315-1-million-euros

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.

https://www.businesstimes.com.sg/companies-markets/slb-development-jumps-33-after-s0-23-share-privatisation-offer-lian-bengs-ong-family

 

 

Global Economy & Real Estate

 

World Bank president cautions against hasty reaction to Trump policies

https://www.businesstimes.com.sg/international/world-bank-president-cautions-against-hasty-reaction-trump-policies

 

With the Fed likely to stand pat on rates, investors will scrutinise every detail for any deviation on policy

https://www.businesstimes.com.sg/opinion-features/fed-likely-stand-pat-rates-investors-will-scrutinise-every-detail-any-deviation-policy

 

Brookfield seeks to buy more Japan property after US$1.6 billion in deals

https://www.businesstimes.com.sg/property/brookfield-seeks-buy-more-japan-property-after-us1-6-billion-deals

 

China’s factory activity cools ahead of Chinese New Year holiday

https://www.businesstimes.com.sg/international/chinas-factory-activity-cools-ahead-chinese-new-year-holiday

https://www.straitstimes.com/business/economy/china-manufacturing-activity-unexpecetdly-contracts-for-first-time-in-four-months

https://www.scmp.com/economy/economic-indicators/article/3296378/chinas-factory-activity-contracts-january-breaking-3-month-expansion

 

China’s Guangdong, missing GDP target 3 years running, among slowest economies in 2024

https://www.scmp.com/economy/china-economy/article/3296465/chinas-guangdong-missing-gdp-target-3-years-running-among-slowest-economies-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

https://www.businesstimes.com.sg/international/new-zealand-eases-visa-rules-allow-visitors-work-remotely

https://www.straitstimes.com/asia/australianz/new-zealand-loosens-visitor-visas-to-court-remote-workers

 

Saudi Arabia opens foreign property investments in holy cities

https://www.businesstimes.com.sg/international/saudi-arabia-opens-foreign-property-investments-holy-cities

 

Thailand sees economy growing up to 3.5% this year on stimulus, foreign investment

https://www.businesstimes.com.sg/international/thailand-sees-economy-growing-3-5-year-stimulus-foreign-investment

 

Thailand hands out US$890 million to elderly in boost for economy

https://www.businesstimes.com.sg/international/thailand-hands-out-us890-million-elderly-boost-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

https://www.straitstimes.com/business/economy/uk-firms-see-biggest-hit-to-output-and-profit-since-covid-19-pandemic

 

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