Singapore Real Estate / Built Environment
Strata Titles Board stops S$810 million en bloc sale of Thomson View
The S$810 million collective sale for Thomson View Condominium has been met with a stop order, The Business Times has learnt. The order from the Strata Titles Board (STB) was issued on Mar 19, a spokesperson for the STB told BT.
https://www.zaobao.com.sg/realtime/singapore/story20250502-6280578
Singapore property firms developing a yen for Japan real estate
Singapore – Japan is shaping up to be the land of the rising sun for property developers in Asia. After receiving a record 36.9 million international tourists in 2024, Japan is expecting 60 million visitors by 2030.
Singapore News / GE 2025
Singapore factory activity in April records steepest fall since Covid, mirroring regional pullback
Singapore’s overall factory activity fell sharply last month, retreating into contraction territory and mirroring the regional pullback, as US President Donald Trump’s “Liberation Day” tariffs began to exact a toll on manufacturers.
https://www.zaobao.com.sg/finance/singapore/story20250502-6281219
GE2025: Investors, foreign powers will see strong mandate as a signal of ‘trust, stability and confidence’: PM Wong
Investors and foreign governments will view the results of the general election – in which the ruling People’s Action Party (PAP) improved its vote share to 65.57 per cent – as a clear signal of “trust, stability and confidence” in the government, said Prime Minister Lawrence Wong.
GE2025: PM Wong leads PAP to improved vote share of 65.57%; WP retains strongholds, makes no new gains
The People’s Action Party (PAP) has been returned to power with 65.57 per cent of votes, with Prime Minister Lawrence Wong seeing an improved vote share in his first general election (GE) at the helm
https://www.channelnewsasia.com/singapore/ge2025-polling-day-results-watch-live-blog-5098641
https://www.zaobao.com.sg/news/singapore/story20250504-6287734
GE2025: ‘Humbling’ to have received strong support, says Desmond Lee as PAP teams thank supporters
Although the last results of the General Election came in well after midnight, MPs-elect had already hit the ground running on Sunday (May 4) morning, eagerly thanking residents for their support.
GE2025: WP to get two NCMP seats in the next Parliament, on top of 10 elected MPs
The WP will be offered two Non-Constituency MP seats, as its Jalan Kayu SMC and Tampines GRC candidates had the highest vote percentages among losers at the polls.
Business News
Ascott looks to stay agile amid uncertainty as it continues to grow footprint in Asia
The Ascott – the lodging business of CapitaLand Investment – intends to “stay agile” in the current period of geopolitical uncertainty, said its chief executive officer Kevin Goh.
CICT sells stake in CapitaSpring serviced residence component for S$126 million
The manager of CapitaLand Integrated Commercial Trust on Friday (May 2) announced the sale of its stake in the serviced residence component of CapitaSpring.
https://www.zaobao.com.sg/realtime/singapore/story20250502-6282312
CapitaLand Investment sinks 8% as counter goes ex-dividend
CapitaLand Investment’s shares plunged more than 8 per cent on Friday (May 2) morning, after trading in the company went ex-dividend the same day. Shares of CLI fell 8 per cent or S$0.22 to S$2.53 shortly after the opening bell. Around 8.1 million shares changed hands as at 10.20am.
https://www.zaobao.com.sg/realtime/singapore/story20250502-6279465
DBS, OCBC, UOB may cut guidance in Q1 as macro uncertainty weighs on outlook: analysts
Singapore banks may cut their earnings guidance for 2025, as uncertainty in the macroeconomic outlook weighs on their growth prospects for the year, analysts said.
Sinarmas Land offer price may be hiked
Since this column broached the topic of the lowball offer for Sinarmas Land five weeks ago, there have been two important developments. After the market closed on Apr 23, it was announced that the offeror had received valid acceptances amounting to nearly 936.3 million shares, representing 22 per cent of Sinarmas Land’s total number of shares.
https://www.businesstimes.com.sg/opinion-features/sinarmas-land-offer-price-may-be-hiked
StanChart Q1 profit beats estimates as lender weighs impact of Trump’s tariff war
Standard Chartered reported first-quarter profit that beat estimates as the bank weighs the impact of US President Donald Trump’s trade war.
https://www.zaobao.com.sg/realtime/world/story20250502-6280656
Global Economy / Real Estate News
US Fed expected to pause cuts again and wait for clarity on tariffs
Global factories struggle to overcome trump tariffs, uncertainty
Trump proposes US$163 billion cut to federal budget
https://www.businesstimes.com.sg/international/trump-proposes-us163-billion-cut-federal-budget
Trump’s China tariffs threatening Christmas as US retailers warn of toy shortages, higher prices
Trump signals willingness to lower China tariffs ‘at some point’
Asia’s factories suffer major blow as Trump’s tariffs hit demand
China quietly exempts about a quarter of US imports from tariffs: Sources
Wealthy Chinese turn away from US real estate as Trump amps up trade war with Beijing
Eurozone manufacturing showed more signs of stabilisation in April
Hong Kong’s GDP growth unexpectedly picks up amid tourism and export boom
Hong Kong’s tax revenue jumps 10%, fuelled partly by talent influx, property sales
Hong Kong March retail sales fall 3.5%
https://www.channelnewsasia.com/business/hong-kong-march-retail-sales-fall-35-5104586
682,000 mainland tourists enter Hong Kong from May 1 to 3, up 23% year on year
Hong Kong property giant SHKP sells out second batch of Sierra Sea flats on strong demand
Meitu founder buys Hong Kong’s Ginza-style building for US$84 million
Indonesia seen to cut rate twice this year amid US tariff talks
Indonesia’s inflation rate rises to eight-month high of 1.95% in April
Inflation, hotel prices curtail Japanese ‘Golden Week’ travels
NYC real estate industry asks judge to block new broker fee law
Vietnam’s factory workers are living in fear of Trump’s tariffs
https://www.straitstimes.com/asia/vietnams-factory-workers-are-living-in-fear-of-trumps-tariffs
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