Singapore Real Estate / Built Environment
CDL, Frasers, Sekisui launch The Orie at Toa Payoh from S$2,400 to S$2,500 per sq ft
Developers City Developments (CDL), Frasers Property and Sekisui House started the year’s new launches with their Toa Payoh project, The Orie, with prices starting in the S$2,400 to S$2,500 per square foot (psf) range.
https://www.zaobao.com.sg/realtime/singapore/story20250102-5676334
Partially damaged shophouse in East Coast that houses 328 Katong Laksa structurally safe: BCA
Parts of a shophouse facade in East Coast crumbled and fell on Jan 1, but this has been assessed not to affect the building’s structural integrity. The two-storey pre-war building at 51 East Coast Road houses popular eatery 328 Katong Laksa in its first-floor unit.
Singapore Economy
MAS may loosen Singdollar policy on tougher 2025 growth outlook
Singapore – Singapore’s economic growth beat estimates in the last three months of 2024 but slowed from the prior quarter. This potentially provides scope for the central bank to slightly loosen monetary settings in 2025.
Economists stick to 2025 Singapore growth outlook, but warn of downside risks
Private-sector economists largely kept to their 2025 growth forecasts for Singapore, after the fourth-quarter and full-year 2024 gross domestic product figures exceeded market expectations.
Singapore’s PMI hits six-year high in December, edges up 0.1 point
Singapore’s overall factory activity hit a six-year high in December, marking the 16th consecutive month of expansion. The Purchasing Managers’ Index (PMI) rose by 0.1 point from the previous month to 51.1, according to data from the Singapore Institute of Purchasing and Materials Management (SIPMM) released on Thursday (Jan 2).
Singapore business sentiment improves for 2025; manpower costs, uncertain demand still top concerns
Singapore businesses are more positive on the economic outlook for this year, even as rising manpower costs and demand uncertainty remain as key concerns, based on the annual national business survey by the Singapore Business Federation (SBF).
https://www.zaobao.com.sg/realtime/singapore/story20250102-5676160
Business News
CapitaLand Investment foresees heightened macro, geopolitical uncertainties in 2025
Macroeconomic and geopolitical uncertainties are likely to “weigh heavily” on CapitaLand Investment’s (CLI) business in the coming year, according to group chief executive Lee Chee Koon’s New Year message to employees on Thursday (Jan 2).
Keppel DC Reit to divest Malaysia data centre for RM55.6 million
Keppel DC Real Estate Investment Trust (Reit) is divesting Basis Bay Data Centre in Cyberjaya, Malaysia, for RM55.6 million (S$16.9 million).
Chua Hsien Yang takes over as CEO of Keppel REIT and becomes REITAS Chairman on the same day
Keppel REIT has officially replaced its president. Chua Hsien Yang took over the company’s responsibilities on Wednesday (January 1) and also succeeded Kuek Wei Lee, who resigned, as president of the Real Estate Investment Trusts Association of Singapore (REITAS).
https://www.zaobao.com.sg/realtime/singapore/story20250102-5678890
Lendlease, Warburg Pincus appoint Bart Price as CEO of Apac R&D joint venture
Australian real estate group Lendlease and US private equity giant Warburg Pincus announced on Thursday (Jan 2) that they have appointed Bart Price as chief executive officer of their life sciences, research and development (R&D) and innovation real estate joint venture (JV) platform in the Asia-Pacific (Apac), with immediate effect.
Global Economy & Real Estate
Asia’s factories hold onto growth as Trump’s tariff threat looms
Growth in China’s factory activity slows: Caixin PMI
https://www.businesstimes.com.sg/international/growth-chinas-factory-activity-slows-caixin-pmi
China property: rising home sales bode well for sector reeling for last 4 years
Hong Kong November retail sales fall 7.3% in value
https://www.channelnewsasia.com/business/hong-kong-november-retail-sales-fall-73-value-4834871
Hong Kong developer cuts prices in Shau Kei Wan project as oversupply plagues market
Tackling the problem of subdivided flats a top priority for government
Indonesia’s December inflation rate eases to 1.57% yoy, just below forecast
https://www.channelnewsasia.com/business/indonesias-dec-inflation-157-yy-expected-4834696
South Korea sharply trims GDP forecast after martial law fiasco
Thai economic uncertainty has increased, central bank minutes say
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