Singapore Real Estate / Built Environment
URA puts up housing sites at Chuan Grove and Holland Link for sale
The Urban Redevelopment Authority (URA) has released for tender two residential sites under the confirmed list in Holland Link and Chuan Grove.
https://www.businesstimes.com.sg/property/ura-puts-housing-sites-chuan-grove-and-holland-link-sale
https://www.straitstimes.com/singapore/housing/ura-puts-up-housing-sites-at-chuan-grove-and-holland-link-for-sale
A smart gym for seniors, vouchers for the young: What intergenerational co-living in Singapore could look like
The site of the former Henderson Primary School in Singapore will soon be transformed into an intergenerational co-living space with shared facilities and 107 rooms for both young and old.
https://www.channelnewsasia.com/singapore/intergenerational-co-living-former-henderson-primary-school-4764511
Singapore Economy
Singapore and Australia to deepen military ties, cooperation on green initiatives
Singapore and Australia are in discussions to increase access to each other’s military facilities, as part of an ambitious and wide-ranging pact to be signed in 2025.
https://www.businesstimes.com.sg/international/singapore-and-australia-deepen-military-ties-cooperation-green-initiatives
https://www.straitstimes.com/singapore/spore-and-australia-to-deepen-military-ties-cooperation-on-green-initiatives
https://www.zaobao.com.sg/realtime/singapore/story20241203-5472961
South Africa invites Singapore to participate in G-20 meetings as guest country
Singapore has been invited by South Africa as a guest country to participate in G-20 meetings under its 2025 G-20 presidency. “Singapore would like to express its appreciation to South Africa for the invitation,” Singapore’s Ministry of Foreign Affairs (MFA) said in a Dec 3 statement.
https://www.straitstimes.com/singapore/south-africa-invites-singapore-to-participate-in-g-20-meetings-as-guest-country
https://www.channelnewsasia.com/singapore/singapore-invited-south-africa-guest-country-g20-2025-4784396
https://www.zaobao.com.sg/realtime/singapore/story20241203-5476724
Budget 2025 likely to be generous, offer support to boost social safety nets: Analysts
Next year’s Budget promises to be generous and offer more support to enhance the country’s social safety nets, analysts told CNA. While Singaporeans can possibly look forward to receiving vouchers to address cost-of-living concerns, the government may also focus on longer-term policies like ensuring workers continue to seize opportunities, they added.
https://www.channelnewsasia.com/singapore/budget-2025-generous-support-social-safety-nets-longer-term-policies-4784126
Views, Reviews, Forum and Others
South Korea martial law: Singapore’s embassy in Seoul ‘closely monitoring’ situation
Singapore’s embassy in Seoul said on Tuesday (Dec 3) that it is “closely monitoring” the situation in South Korea after President Yoon Suk Yeol declared martial law in an unannounced late-night address broadcast live on national television.
https://www.channelnewsasia.com/singapore/south-korea-martial-law-singapore-embassy-seoul-monitoring-situation-4784626
https://www.zaobao.com.sg/realtime/singapore/story20241203-5477450
690,000 Singaporeans have used $500 SkillsFuture Credit top-up, which expires end-2025
About 690,000 Singaporeans, or 26 per cent of those who are eligible, have used their one-off SkillsFuture Credit (SFC) top-up given in 2020. SkillsFuture Singapore (SSG) gave these figures in a statement on Dec 3 in response to queries from The Straits Times about the one-off $500 credit top-up, which was issued to all Singaporeans aged 25 and above in October 2020 to support their training and development.
https://www.straitstimes.com/singapore/690000-singaporeans-have-used-500-skillsfuture-credit-top-up-which-expire-end-2025
Supplies of Novavax Covid-19 vaccine to expire by Dec 31, new formulation under assessment
Those who want to get the Novavax Covid-19 vaccine jab must do so by Dec 31, as current supplies will expire on that day. The Ministry of Health (MOH) said on Dec 3 that the vaccine manufacturer no longer makes the current formulation, and is in the process of getting an updated formulation approved.
https://www.straitstimes.com/singapore/supplies-of-novavax-covid-19-vaccine-to-expire-by-dec-31-new-formulation-under-assessment
https://www.channelnewsasia.com/singapore/novavax-nuvaxovid-covid-19-vaccine-no-longer-available-jan-1-2025-national-vaccine-programme-4783981
https://www.zaobao.com.sg/realtime/singapore/story20241203-5472507
Global Economy & Real Estate
Retailers point to solid US sales over holiday weekend
https://www.businesstimes.com.sg/international/retailers-point-solid-us-sales-over-holiday-weekend
US job openings rise in October, layoffs decrease
https://www.businesstimes.com.sg/international/us-job-openings-rise-october-layoffs-decrease
British firms downbeat about China business despite stimulus: lobby group
https://www.businesstimes.com.sg/international/british-firms-downbeat-about-china-business-despite-stimulus-lobby-group
China’s central bank chief signals support for economy in 2025
https://www.businesstimes.com.sg/companies-markets/banking-finance/chinas-central-bank-chief-signals-support-economy-2025
Shenzhen’s US$2.5 billion land sale is a bright spot for China’s sluggish property market
https://www.scmp.com/business/china-business/article/3289183/shenzhens-us25-billion-land-sale-bright-spot-chinas-sluggish-property-market
The world’s super rich are moving to Dubai, but keeping their assets in Singapore, Switzerland
https://www.businesstimes.com.sg/companies-markets/worlds-super-rich-are-moving-dubai-keeping-their-assets-singapore-switzerland
Dubai home prices set to surge again in 2025, Knight Frank says
https://www.businesstimes.com.sg/property/dubai-home-prices-set-surge-again-2025-knight-frank-says
Hong Kong court halts plan for public housing on golf course
https://www.businesstimes.com.sg/property/hong-kong-court-halts-plan-public-housing-golf-course
https://www.scmp.com/news/hong-kong/society/article/3289072/hong-kong-urged-rethink-plan-fanling-golf-course-flats-after-court-ruling
Should Hong Kong raise taxes and cut costs to rein in HK$100 billion deficit?
https://www.scmp.com/news/hong-kong/hong-kong-economy/article/3289047/should-hong-kong-raise-taxes-and-cut-costs-rein-hk100-billion-deficit
Hong Kong property deals hit 7-month high, but December slowdown looms
https://www.scmp.com/business/article/3289192/hong-kong-property-deals-hit-7-month-high-december-slowdown-looms
Hong Kong’s Water World lost HK$200 million last financial year, Ocean Park chairman says
https://www.scmp.com/news/hong-kong/hong-kong-economy/article/3289216/hong-kongs-water-world-lost-hk200-million-last-financial-year-ocean-park-chairman-says
Hong Kong real estate firm Parkview Group seeks private loan
https://www.businesstimes.com.sg/property/hong-kong-real-estate-firm-parkview-group-seeks-private-loan
Lower land prices, civil service pay freeze among options to tackle Hong Kong deficit, experts say
https://www.scmp.com/news/hong-kong/hong-kong-economy/article/3289225/lower-land-prices-civil-service-pay-freeze-among-options-tackle-hong-kong-deficit-experts-say
BOJ weighs case for first triple hike since Japan’s bubble burst
https://www.businesstimes.com.sg/companies-markets/banking-finance/boj-weighs-case-first-triple-hike-japans-bubble-burst
JPMorgan bolsters Florida bet with 300 new jobs in Orlando
https://www.businesstimes.com.sg/companies-markets/banking-finance/jpmorgan-bolsters-florida-bet-300-new-jobs-orlando
Malaysia, Johor say no to reviewing raw water rates with Singapore for now
https://www.channelnewsasia.com/asia/malaysia-singapore-johor-raw-water-self-sufficiency-agreement-1962-mahathir-4784111
Blackstone refinances debt for luxury New York City condo tower
https://www.businesstimes.com.sg/property/blackstone-refinances-debt-luxury-new-york-city-condo-tower
New Zealand recession risks grow as export volumes fall again
https://www.businesstimes.com.sg/international/new-zealand-recession-risks-grow-export-volumes-fall-again
South Korea vows ‘unlimited’ liquidity measures after political turmoil; BOK to meet
https://www.businesstimes.com.sg/international/south-korea-vows-unlimited-liquidity-measures-after-political-turmoil-bok-meet
South Korea‘s President Yoon backs down after declaring martial law
https://www.businesstimes.com.sg/international/south-koreas-president-yoon-backs-down-after-declaring-martial-law
https://www.straitstimes.com/business/south-koreas-whirlwind-stint-in-martial-law-jolts-markets
https://www.channelnewsasia.com/east-asia/south-korea-martial-law-full-text-military-decree-4784706
https://www.zaobao.com.sg/realtime/world/story20241204-5482132
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