Singapore Real Estate / Built Environment
Resilient economy versus uncertain outlook splits views on Singapore’s monetary policy
Better-than-expected economic growth and declining inflation so far in 2025 are enough to lead Singapore’s central bank to leave its currency-driven monetary policy unchanged. This is what many analysts believe will happen on July 30 when the Monetary Authority of Singapore (MAS) releases its quarterly policy statement.
New board appointments announced for Singapore Land Authority; Yeoh Oon Jin steps down
he Ministry of Law (MinLaw) on Monday (Jul 28) announced the latest board appointment changes at the Singapore Land Authority (SLA). Former executive chairman of PwC Singapore Yeoh Oon Jin will be stepping down as chairman of the SLA board on Jul 31.
BCA to conduct independent investigation into Tanjong Katong Road sinkhole incident
The Building and Construction Authority (BCA) will conduct an independent investigation into the sinkhole incident that took place along Tanjong Katong Road South over the weekend.
https://www.zaobao.com.sg/realtime/singapore/story20250728-7235370
MRT platform screen doors at 15 underground stations to be upgraded
Platform screen doors at 15 underground MRT stations will be progressively upgraded over about 1½ years starting in August. Train service and frequency at these stations on the North-South Line (NSL) and East-West Line (EWL) will not be affected, the Land Transport Authority (LTA) said in a social media post on July 28.
Business News
CapitaLand Ascott Trust H1 DPS falls 1% to S$0.0253
The manager of CapitaLand Ascott Trust (Clas) on Tuesday (Jul 29) posted a 1 per cent drop in distribution per stapled security (DPS) to S$0.0253 for its first half ended Jun 30, from S$0.0255 in the previous corresponding period. Revenue for the first half inched up 3 per cent to S$398.5 million from S$386.4 million in the year-ago period.
https://www.businesstimes.com.sg/companies-markets/capitaland-ascott-trust-h1-dps-falls-1-s0-0253
ESR-Reit H1 DPU inches up 0.2% to S$0.11239
ESR Real Estate Investment Trust (ESR-Reit) posted a 0.2 per cent rise in distribution per unit (DPU) to S$0.11239 for the first half ended Jun 30, from S$0.1122 in the corresponding year-ago period.
https://www.businesstimes.com.sg/companies-markets/esr-reit-h1-dpu-inches-0-2-s0-11239
https://www.zaobao.com.sg/realtime/singapore/story20250729-7237529
First Sponsor reports 59.2% jump in H1 earnings to S$19 million, interim dividend of S$0.011 a share
Property developer First Sponsor reported a 59.2 per cent increase in earnings to S$19 million in H1 2025 from S$11.9 million in H1 2024, in a bourse filing on Monday (Jul 28). The earnings growth was mainly driven by a higher share of profits from associates and joint ventures.
Keppel Pacific Oak US Reit H1 distributable income falls 16.2% to US$19.9 million
Keppel Pacific Oak US Reit (Kore) posted a distributable income of US$19.9 million for its first half of the financial year ended Jun 30, down 16.2 per cent from US$23.8 million in the previous corresponding period.
https://www.zaobao.com.sg/realtime/singapore/story20250729-7237494
Mapletree Industrial Trust posts 4.7% fall in Q1 DPU to S$0.0327
Mapletree Industrial Trust’s (MIT) distribution per unit (DPU) fell 4.7 per cent to 3.27 Singapore cents for its first quarter ended Jun 30, 2025, from 3.43 cents the year before. Nevertheless, revenue was up 0.3 per cent at S$175.9 million for the quarter, from S$175.3 million in the year-earlier period.
https://www.zaobao.com.sg/realtime/singapore/story20250728-7236900
DBS, OCBC, UOB Q2 results likely to be weighed down by lower interest rates
The trio of local banks will likely post weaker results for the second quarter of 2025, weighed down by lower net interest income from falling interest rates, analysts said. They are expected to post their Q2 financials next month, beginning with OCBC on Aug 1 and followed by DBS and UOB on Aug 7.
Global Economy / Real Estate News
Trump sets deadline of 10 or 12 days for Russia to end war with Ukraine
US housing market posts worst spring selling season in 13 years
Hong Kong urged to speed up digital shift to protect global trade status
Hong Kong exports rise 11.9%, with strong showing in mainland China, Asia markets
Mainland Chinese hotel brands poised to reshape Hong Kong’s hospitality scene, analysts say
McDonald’s to sell eight Hong Kong retail spaces valued at HK$1.2 billion: JLL
Indonesia eyes stimulus package, rate cuts to ensure 5% growth
BOJ may paint less gloomy view, signal rate-hike resumption
Japan expects only 1% to 2% of $550 billion US fund to be investment
Malaysia trims 2025 growth forecast as trade tensions mount, following GDP revisions by Thailand and Indonesia
https://www.straitstimes.com/business/economy/malaysia-cuts-growth-forecast-on-tariff-volatility
UK shop prices rise by most since April 2024, British retailers say
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