Singapore Real Estate / Built Environment
Government ramps up supply of industrial sites in H1 2025 amid still-rising rents
The Ministry of Trade and Industry (MTI) is launching a total of 14.07 hectares (ha) of industrial land across 10 sites through the Industrial Government Land Sales (IGLS) programme for the first half of 2025.
https://www.zaobao.com.sg/realtime/singapore/story20241230-5664040
Singapore hotels’ average room rate edges up in November, but overall takings dip
Singapore hotels’ average room rate (ARR) grew slightly to S$273.11 in November, up 0.5 per cent from October’s S$271.71, Singapore Tourism Board (STB) data showed on Monday (Dec 30). It was also up 1.2 per cent year on year (yoy).
Growing difficulty in owning a private landed home does not imply a lower standard of living
Is life getting harder for young professionals here? With costly car ownership, many people give up on owning a car. On the housing front, upgrading from a Housing and Development Board (HDB) Build-To-Order flat to a condominium is challenging.
Singapore News
Budget 2025 wish list: Singapore businesses seek simpler tax processes
Singapore – Businesses in Singapore are hoping that Budget 2025 could simplify some of the tax processes to lessen the compliance and administrative load. This includes simpler filing methods, less documentation needs, and more readily available tax advising services.
Household electricity, gas tariffs to fall in Q1 on lower energy costs
Household electricity and gas bills are set to continue falling in the first quarter of 2025, following a decline in tariffs announced by state energy suppliers on Monday (Dec 30).
https://www.zaobao.com.sg/realtime/singapore/story20241230-5663990
More than 950,000 Singaporean households to get U-Save, S&CC rebates in January
More than 950,000 Singaporean households living in Housing and Development Board (HDB) flats will receive U-Save and service and conservancy charges (S&CC) rebates in January 2025.
https://www.zaobao.com.sg/realtime/singapore/story20241230-5664253
What could the Johor-Singapore Causeway look like in the future?
More than a century after the Johor-Singapore Causeway opened, it is serving around 300,000 commuters daily. With traffic expected to grow by 40 per cent come 2050, both Singapore and Malaysia have plans to cope with the surge in volume.
https://www.channelnewsasia.com/interactive/future-johor-singapore-causeway/index.html
Layoffs and job cuts in Singapore in 2024
Retrenchment and unemployment in Singapore eased in the third quarter, but the current quarter posted some prominent layoffs. From the beverage sector to consumer electronics and e-commerce, here are some of the major job cuts that grabbed headlines this year.
https://www.businesstimes.com.sg/companies-markets/layoffs-and-job-cuts-singapore-2024
Global Economy & Real Estate
Five years on, WHO urges China to share Covid-19 origins data
What a Trump presidency means for US business
https://www.businesstimes.com.sg/international/what-trump-presidency-means-us-business
US pending home sales advance to highest level since early 2023
https://www.businesstimes.com.sg/property/us-pending-home-sales-advance-highest-level-early-2023
China urges more aid for people in need as economic woes persist
https://www.straitstimes.com/asia/china-urges-more-aid-for-people-in-need-as-economic-woes-persist
Chinese youth flock to civil service, but slow economy puts ‘iron rice bowl’ jobs at risk
Hong Kong launches tourism blueprint set to boost economy by HK$120 billion
Is building new attractions the way forward for Hong Kong’s tourism sector?
Hong Kong rental yields to pick up momentum in 2025 amid talent-scheme influx, lower rates
Hong Kong authorities appeal court ruling on golf course flats
A look at real estate in New York City in 2024
https://www.businesstimes.com.sg/property/look-real-estate-new-york-city-2024
Philippines’ Marcos signs into law record 6.33 trillion peso Budget for 2025
South Korean inflation picks up as political fallout spreads
https://www.channelnewsasia.com/business/south-korea-dec-inflation-19-yy-faster-expected-4832286
UK consumers to save on essentials, splash on events in 2025
https://www.businesstimes.com.sg/international/uk-consumers-save-essentials-splash-events-2025
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