Singapore Real Estate / Built Environment
No bids received for private housing site in one-north at URA tender
For the second time in about a year, no bids were received for a site at an Urban Redevelopment Authority (URA) tender. Analysts cited site-specific factors, as well as the cautious mood building up in Singapore’s economy following the US tariff announcements, for the no-show at the tender on Tuesday (Apr 29) for a 99-year leasehold private residential site in the Mediapolis area of the one-north precinct.
https://www.businesstimes.com.sg/property/no-bids-received-private-housing-site-one-north-ura-tender
https://www.zaobao.com.sg/finance/singapore/story20250429-6265226
Kheng Leong launches Tanglin ultra-luxury project 21 Anderson
Kheng Leong, the private real estate arm of the family of Wee Cho Yaw, has begun selling its ultra-luxury Tanglin project 21 Anderson. Out of the condominium’s 18 units, two 4,489 square feet (sq ft) four-bedroom units were sold in April, according to URA Realis data.
Singapore News / GE 2025
Singapore committed to be a ‘society of opportunities’ amid strong global headwinds: Heng Swee Keat
Singapore is pressing on with efforts to build a “society of opportunities” where everyone can maximise their potential and pursue their aspirations, amid sharp changes to the global economy and world order, Deputy Prime Minister Heng Swee Keat said on April 29.
Trump’s baseline tariffs affect 55% of Singapore’s exports – what about the rest?
While the US has slapped a 10 per cent baseline tariff on all countries, this rate applies to only about 55 per cent of Singapore’s domestic exports to the US. Another 5 per cent face higher product-specific tariffs: on steel and aluminium, as well as automobiles and parts.
GE2025: 7 rallies by PAP, RDU, SDP on Day 8 of campaigning
GE2025: Candidates gear up for final push on penultimate day of hustings
The second-last day of campaigning for GE2025 on Wednesday (Apr 29) will see seven rallies across the island between 7 pm and 10 pm – five of which are by the ruling People’s Action Party (PAP).
https://www.businesstimes.com.sg/singapore/ge2025-7-rallies-pap-rdu-sdp-day-8-campaigning
https://www.straitstimes.com/singapore/politics/ge2025-7-election-rallies-to-be-held-on-april-30
https://www.zaobao.com.sg/realtime/singapore/story20250429-6264566
https://www.channelnewsasia.com/singapore/ge2025-campaigning-day-8-general-election-5090651
Business News
Amara surges 27% to all-time high on privatisation offer
Shares of hotel group Amara soared shortly after the market opened on Tuesday (Apr 29), after news broke on Monday that it received a voluntary conditional general offer at S$0.895 apiece.
https://www.businesstimes.com.sg/companies-markets/amara-surges-27-all-time-high-privatisation-offer
https://www.straitstimes.com/business/companies-markets/amara-shares-surge-27-on-privatisation-offer
CDL Hospitality Trusts Q1 NPI slides 14.2% to S$30 million on lower revenue
Net property income (NPI) for CDL Hospitality Trusts (CDLHT) fell 14.2 per cent to S$30 million for the first quarter of its fiscal year ended March, from S$34.9 million in the year-ago period.
Far East Hospitality Trust Q1 net property income falls 8.3% to S$23 million
Far East Hospitality Trust’s (FEHT) net property income fell 8.3 per cent year on year to S$23 million for the first quarter ended March, from S$25.1 million.
First Reit Q1 DPU dips 3.3% to S$0.0058 amid forex headwinds
First Real Estate Investment Trust’s (First Reit) distribution per unit (DPU) fell 3.3 per cent to S$0.0058 for the first quarter ended Mar 31, compared to S$0.006 in the corresponding year-ago period.
CGSI upgrades OUE Reit to ‘add’ on improved outlook
CGS International (CGSI) has upgraded its recommendation for OUE Reit to “add” from “hold”, and raised its price target marginally to S$0.33 from S$0.32.
https://www.businesstimes.com.sg/companies-markets/cgsi-upgrades-oue-reit-add-improved-outlook
Starhill Global Reit Q3 NPI inches up 0.5% to S$37.9 million
The manager of Starhill Global real estate investment trust (Reit) posted a net property income (NPI) of S$37.9 million for Q3 FY2025 ended Mar 31, up 0.5 per cent from S$37.7 million in the previous corresponding period.
Global Economy / Real Estate News
Trump predicts China would ‘eat’ tariffs, lessening US impact
Trump tempers auto tariffs, winning cautious praise from industry
https://www.zaobao.com.sg/finance/singapore/story20250429-6264918
US consumer confidence slumps to an almost five-year low
https://www.businesstimes.com.sg/international/us-consumer-confidence-slumps-almost-five-year-low
UPS to cut 20,000 jobs on slashed Amazon deliveries as US tariffs weigh
China asks drugmakers, hospitals to find US import substitutes
Shenzhen lags China in GDP, exports as tech hub preps for tariff wave
Evergrande chair refuses to disclose assets, liquidators say
China Vanke’s quarterly loss widens to 6.25 billion yuan after overhaul
Single-digit rise forecast for mainland tourists in Hong Kong over ‘golden week’
Hong Kong’s Tsim Sha Tsui is world’s top high street, beating Madison Avenue, Bond Street
Hong Kong’s unsold homes reach all-time high as buyers hesitate amid tariff threats
Indonesia’s state banks eye bigger share of growing wealth market in Singapore
Malaysia to delay new taxes as manufacturers fear tariff hit
UK food prices rise most in 15 months as tax hike hits: BRC
https://www.businesstimes.com.sg/international/uk-food-prices-rise-most-15-months-tax-hike-hits-brc
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