Singapore Real Estate / Built Environment
IOI starts previews for 683-unit W Residences Marina View luxury project
IOI Properties Group, which began marketing its luxury-branded residences project W Residences Marina View Singapore in late June, is expected to book sales on Jul 12.
Loyang Valley owners make third try for en bloc sale at S$880 million
Changi condominium Loyang Valley is being put up for collective sale for S$880 million, in its third attempt at an en-bloc deal. The 99-year leasehold property sits on a 840,648-square-foot (sq ft) plot of land, which now houses 362 apartments.
LTA: Install more “resting chairs” for walkways over 50 meters long in subway stations
At some local MRT stations, the walking distance from the train to the MRT station exit or to the platform change is long, which may cause inconvenience to some passengers, especially the elderly.
https://www.zaobao.com.sg/news/singapore/story20250703-6970361
Over 860 elevated covered walkways have been erected across the island
To facilitate the public to go to transportation hubs such as subway stations and bus interchanges, the Land Transport Authority has built elevated covered pedestrian walkways across the road in more and more locations over the past 10 years to protect pedestrians from the sun and rain. Currently, there are more than 860 such walkways across the island, and more will be built in the future depending on demand.
https://www.zaobao.com.sg/news/singapore/story20250703-7055756
Singapore News
Singapore, Cambodia solidify joint efforts in energy, climate finance, agri-trade
South-east Asian neighbours Singapore and Cambodia intend to continue advancing shared interests in renewable energy trade, high-quality carbon markets, agri-trade and bolstering Asean centrality.
https://www.youtube.com/watch?v=R0FwU_Dt9IY
https://www.zaobao.com.sg/news/singapore/story20250702-7061535?ref=today-news-section-card-1
Singapore’s PMI rebounds to expansion territory in June amid improving regional activity
Singapore’s overall factory activity returned to expansion territory in June after two straight months of contraction, data from the Singapore Institute of Purchasing and Materials Management (SIPMM) showed on Wednesday (Jul 2).
https://www.zaobao.com.sg/realtime/world/story20250701-7038392
Business News
Alibaba Cloud launches global AI innovation hub in Singapore, two data centres in Malaysia, Philippines
Alibaba’s cloud computing arm on Wednesday (Jul 2) launched a global artificial intelligence (AI) innovation hub in Singapore, which will support over 5,000 businesses and 100,000 developers globally.
https://www.zaobao.com.sg/finance/singapore/story20250702-7060875
Boon for Keppel should Piyush Gupta become chairman
Piyush Gupta is back at the heart of Singapore’s listed corporate scene. The 65-year-old, who left DBS : D05 -0.58% in late March after serving as chief executive officer for more than 15 years, became non-executive deputy chairman of Keppel : BN4 +2.15% on Tuesday (Jul 1).
https://www.businesstimes.com.sg/opinion-features/boon-keppel-should-piyush-gupta-become-chairman
UOL leads STI to record high of 4,010.77
The index closes 0.5% higher while across the broader market, gainers beat decliners 302 to 186 after 1.3 billion securities worth S$1.5 billion were transacted
Global Economy / Real Estate News
Oil prices jump 3% as Iran suspends cooperation with UN nuclear watchdog
US private sector shed jobs for first time in recent years: ADP
U.S. mortgage rates fall to near three-month low, refinancing applications rebound
https://www.zaobao.com.sg/realtime/world/story20250702-7061137
Manhattan home sales surge 17% with cash buyers leading the way
Microsoft to cut about 9000 jobs amid hefty AI bets
https://www.zaobao.com.sg/realtime/world/story20250703-7064712?ref=today-news-section-card-3
Australia retail sales up only slightly in May, supporting case for rate cut next week
New World Development shares jump after closing HK$88.2 billion refinancing deal
Emperor’s financial struggle mirrors the current state of Hong Kong’s property sector
Hong Kong May retail sales increase 2.4%
https://www.businesstimes.com.sg/international/hong-kong-may-retail-sales-increase-2-4
Where Asia-Pacific real estate investors are landing in flight-to-safety moves
New Zealand house-price recovery remains modest, Cotality says
UOB Thailand, Frasers Property team up to help companies expand in Asean
TikTok cuts more workers from US e-commerce division
New UK economic initiatives on government’s first anniversary
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