Singapore Real Estate / Built Environment
What higher building heights could bring for Singapore’s land use and urban planning
The review of building height limits for land surrounding Singapore’s airports has been long overdue. Current height restrictions near airports and flight buffer zones were set in the context of the 1950s.
Piccadilly Galleria, a shopping mall near Farrer Park, has re-launched a guide price of S$67.5 million
Piccadilly Galleria, a dining and retail mall located on the first floor of Piccadilly Grand, a private residential project in the Farrer Park area, has been re-launched on the market with a guide price of S$67.5 million, equivalent to approximately S$3,350 per square foot of rentable area
https://www.zaobao.com.sg/realtime/singapore/story20250527-6483589
Peirce Hill bungalow owned by wife of 3AC’s Kyle Davies sells for S$37 million
A bungalow in Peirce Hill owned by the wife of failed Three Arrows Capital (3AC) co-founder Kyle Davies is in the early stage of being sold, at S$37 million. The price works out to S$2,144 per square foot (psf) on the freehold land area of 17,260 square feet.
Singapore News
Not contradictory for individual Asean members to engage US on tariffs: PM Wong
ASEAN faces ‘moment of truth’ to step up or risk losing relevance in a changed world: PM Wong
Singapore calls for stronger cooperation between ASEAN and Gulf states
It is not contradictory for Asean members to engage the US on its tariffs both bilaterally and collectively as a bloc, Singapore’s Prime Minister Lawrence Wong said on Tuesday (May 27).
IMDA announces more AI support for businesses, 800 AI jobs and training opportunities
The Infocomm Media Development Authority (IMDA) will provide small and medium-sized enterprises (SMEs) more support in the field of artificial intelligence (AI) and create more job opportunities.
https://www.zaobao.com.sg/finance/singapore/story20250527-6487804
MAS proposes to remove some exemptions from advertisement regulations to better protect consumers
The Monetary Authority of Singapore (MAS) is proposing to amend financial advertisement requirements in a bid to boost protection for consumers. MAS currently requires financial institutions (FIs) to ensure that advertisements are fair and balanced, and not false and misleading. Product advertisements are to also be clear and legible.
A third of employers raising their reliance on contract, flexi-work hires: Jobstreet survey
Hiring confidence in Singapore has rebounded in recent times, with 42 per cent of employers planning to employ more permanent staff in the first half of 2025, based on Jobstreet by SEEK’s Hiring, Compensation and Benefits 2025 report released on Tuesday (May 27).
Business News
Independent financial adviser deems Amara’s takeover offer at S$0.895 a share ‘fair and reasonable’
The independent financial adviser (IFA) appointed for the takeover bid for hotel group Amara has deemed the offer at S$0.895 a share to be “fair and reasonable”. It has therefore advised the company’s directors considered to be independent to recommend shareholders to accept the offer, said the company on Tuesday (May 27) via a bourse filing.
HSBC cuts dozens of analyst jobs in investment banking overhaul
HSBC Holdings has culled more than two dozen analysts in recent days as Europe’s largest lender deepens a restructuring of its investment banking businesses, according to sources familiar with the matter.
Keppel still committed to its sustainability course despite the pullback in some markets
Keppel cut its Scope 1 and 2 carbon emissions by over 80 per cent in 2024 compared with 2020, and remains committed to its green push despite the backsliding in sustainability in some markets, it said.
Elaine Heng to succeed Linus Goh as OCBC’s head of global commercial banking
OCBC announced on Tuesday (May 27) key leadership changes to its global wholesale banking franchise, to take effect on Oct 1. Elaine Heng, now OCBC’s group chief strategy and transformation officer, will succeed Linus Goh, the current head of global commercial banking who retires on Sep 30.
https://www.zaobao.com.sg/realtime/singapore/story20250527-6487906
Perennial to invest one billion yuan to open two hospitals in Guangzhou
Integrated healthcare and real estate player Perennial Holdings on Tuesday (May 27) announced that it has entered into an agreement with Guangzhou Metro Group to establish a tertiary general hospital in Guangzhou, China.
https://www.zaobao.com.sg/realtime/singapore/story20250527-6486716
Other News
S’pore monitoring impact of Trump administration’s ban on Harvard enrolling foreign students
ingapore is monitoring the impact on the academic prospects of Singaporean students after the Trump administration terminated Harvard University’s right to host and enrol foreign students and scholars, the Ministry of Foreign Affairs (MFA) said on May 27.
Traffic delays, vehicle security checks expected in Orchard Road areas during Shangri-La Dialogue
Motorists should avoid roads near the Shangri-La Singapore hotel from May 29 to June 1, and those around The St Regis Singapore hotel on May 31. This is because the Shangri-La Dialogue will be held at the Shangri-La Singapore from May 30 to June 1, with the reception and dinner at The St Regis Singapore.
https://www.zaobao.com.sg/realtime/singapore/story20250527-6487999
Global Economy / Real Estate News
WHO restructures, cuts budget after US withdrawal
https://www.businesstimes.com.sg/international/who-restructures-cuts-budget-after-us-withdrawal
US consumer confidence jumps most in four years on trade truce
Trade crime is soaring as Trump’s tariffs incentivise fraud
Federal Reserve’s Williams calls for strong response if inflation deviates from target
ECB is close to reaching its inflation target, Nagel says
https://www.businesstimes.com.sg/international/ecb-close-reaching-its-inflation-target-nagel-says
They’ll be suffering’: Small businesses in Hong Kong caught in the middle of US-China trade war
https://www.channelnewsasia.com/asia/hong-kong-smes-trump-tariffs-taxes-trade-war-5154571
What experts say Hong Kong gets right and wrong in plan to tap ‘silver economy’
Hong Kong’s Gale Well reels from market downturn, loses US$6.5 million on 2 asset sales
New World-led Deep Water Pavilia makes strong start, sells 17 flats for over HK$1 billion
Japan allots 388 billion yen from reserves to ease US tariff hit
Malaysia sees reducing the US’ proposed tariffs to 10% as a good outcome
Thailand clears plan to exit US intellectual property watchlist
Thai billionaire hands stakes in major companies to his children
UK to cut planning hurdles for small builders in housing push
https://www.businesstimes.com.sg/property/uk-cut-planning-hurdles-small-builders-housing-push
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