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The Leading Professional and Representative Body for the Real Estate Industry

DAILY NEWS

 

Daily News 3 June 2025 (Tue)

Singapore Real Estate / Built Environment

 

Haidilao founder, Ray Dalio, Forrest Li’s wife among ultra-rich splurging on 8-figure Singapore properties

Singapore’s top-end real estate is becoming a must-have for billionaires and multi-millionaires seeking a safe haven amid a tanking US dollar and dark clouds over global markets.

https://www.businesstimes.com.sg/property/haidilao-founder-ray-dalio-forrest-lis-wife-among-ultra-rich-splurging-8-figure-singapore-properties

 

Small businesses group calls for retail lease reforms amid soaring rent

The Singapore Tenants United for Fairness, which represents more than 700 business owners, businesses, is calling for retail lease reforms, such as rental caps and limits on foreign-owned shops. It is already in talks with Enterprise Singapore and hopes to reach some agreement in the coming months.

https://www.channelnewsasia.com/watch/small-businesses-group-calls-retail-lease-reforms-amid-soaring-rent-5163046

 

Don’t blame high rents for F&B business closures

Singapore prides itself as a food haven. Residents and visitors love wining and dining at the wide range of food and beverage outlets here. However, the local F&B scene is reeling from a spate of closures of F&B outlets. Might Singapore’s status as a top food destination be undermined by the high failure rate in this sector?

https://www.businesstimes.com.sg/opinion-features/dont-blame-high-rents-fb-business-closures

https://www.channelnewsasia.com/watch/small-businesses-group-calls-retail-lease-reforms-amid-soaring-rent-5163046

 

 

Global Economy / Real Estate News

 

US manufacturing remains subdued in May; delivery times lengthening

https://www.businesstimes.com.sg/international/us-manufacturing-remains-subdued-may-delivery-times-lengthening

 

Federal Reserve still open to cutting interest rates later this year, says governor

https://www.businesstimes.com.sg/international/federal-reserve-still-open-cutting-interest-rates-later-year-says-governor

 

Australia central bank pondered outsized rate cut in May, decided to be predictable

https://www.businesstimes.com.sg/companies-markets/banking-finance/australia-central-bank-pondered-outsized-rate-cut-may-decided-be-predictable

 

Australia raises minimum wages by 3.5% as inflation eases

https://www.businesstimes.com.sg/international/australia-raises-minimum-wages-3-5-inflation-eases

 

Trade war hits Asia factories as exports, production slide

https://www.businesstimes.com.sg/international/global/trade-war-hits-asia-factories-exports-production-slide

https://www.straitstimes.com/business/economy/asias-factory-activity-shrinks-in-may-as-us-tariffs-bite

https://www.channelnewsasia.com/business/asias-factory-activity-shrinks-may-us-tariffs-bite-5162311

 

BlackRock plans private-market hires to win over rich Europeans

https://www.businesstimes.com.sg/international/global/blackrock-plans-private-market-hires-win-over-rich-europeans

 

China’s factory activity cools in May as US tariffs hit

https://www.businesstimes.com.sg/international/global/chinas-factory-activity-cools-may-us-tariffs-hit

https://www.channelnewsasia.com/business/chinas-factory-activity-cools-may-us-tariffs-hit-5163556

 

Eurozone factory downturn eases in May: survey

https://www.businesstimes.com.sg/international/eurozone-factory-downturn-eases-may-survey

 

ECB expected to cut rates again as Trump trade war rumbles on

https://www.businesstimes.com.sg/companies-markets/banking-finance/ecb-expected-cut-rates-again-trump-trade-war-rumbles

 

Hong Kong to stick with 2% to 3% growth goal despite strong first quarter: Chan

https://www.scmp.com/news/hong-kong/hong-kong-economy/article/3312714/hong-kong-stick-2-3-growth-goal-despite-strong-first-quarter-chan

 

Amro cuts Hong Kong’s 2025 growth outlook on trade uncertainty

https://www.businesstimes.com.sg/international/amro-cuts-hong-kongs-2025-growth-outlook-trade-uncertainty

https://www.zaobao.com.sg/realtime/china/story20250602-6538373

 

Hong Kong property firm New World’s securities tumble after coupon payments deferred

https://www.businesstimes.com.sg/property/hong-kong-property-firm-new-worlds-securities-tumble-after-coupon-payments-deferred

https://www.straitstimes.com/business/property/property-giant-new-worlds-distress-worsens-after-shock-delay-on-bond-interest

https://www.channelnewsasia.com/business/new-world-development-drops-after-company-defer-coupon-payments-5162296

 

PwC troubles in China deepen with exit of Hong Kong partners

https://www.businesstimes.com.sg/international/global/pwc-troubles-china-deepen-exit-hong-kong-partners

 

Indonesia trade surplus shrinks as global tariff fears boost imports from China

https://www.businesstimes.com.sg/international/asean/indonesia-trade-surplus-shrinks-global-tariff-fears-boost-imports-china

 

Indonesia issues Covid-19 warning over surge in cases in Asia

https://www.scmp.com/week-asia/health-environment/article/3312774/indonesia-issues-covid-19-warning-over-surge-cases-asia

 

Japan raises foreign direct investment target to 150 trillion yen by mid-2030s

https://www.businesstimes.com.sg/international/japan-raises-foreign-direct-investment-target-150-trillion-yen-mid-2030s

 

Japan’s firms raised capital spending ahead of US tariffs

https://www.businesstimes.com.sg/international/japans-firms-raised-capital-spending-ahead-us-tariffs

 

Microsoft cuts hundreds more jobs after firing 6,000 last month

https://www.businesstimes.com.sg/companies-markets/telcos-media-tech/microsoft-cuts-hundreds-more-jobs-after-firing-6000-last-month

https://www.straitstimes.com/business/companies-markets/microsoft-cuts-hundreds-more-jobs-after-firing-6000-in-may

 

 

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