Singapore Real Estate / Built Environment
New Hundred Acre Wood-inspired park in Bidadari has a freshwater lake that can prevent flash floods
Singapore – In the newly opened Bidadari Park – once a cemetery, now a green refuge for people and migratory birds – lies a scenic lake that can also protect the Bidadari estate from flash floods.
https://www.straitstimes.com/singapore/freshwater-lake-in-newly-opened-bidadari-park-helps-protect-estate-from-flash-floods
https://www.channelnewsasia.com/singapore/bidadari-park-opens-hundred-acre-wood-lake-trails-playground-bird-watching-4581141
https://www.zaobao.com.sg/news/singapore/story20240904-4610746
Foreign buying of luxury homes picks up in Q2 after four quarters of contraction
Foreign buying of Singapore luxury homes is slowly on the rise again, after steep hikes in stamp duties all but smothered the market last year.
https://www.businesstimes.com.sg/property/foreign-buying-luxury-homes-picks-q2-after-four-quarters-contraction
Business News
CICT closes private placement at $2.04 apiece
Singapore – CapitaLand Integrated Commercial Trust (CICT) closed its private placement at $2.04 per new unit, said its manager on Sept 4. The private placement was 3.7 times subscribed with “strong demand” from new and existing institutional, accredited and other investors.
https://www.straitstimes.com/business/companies-markets/cict-closes-private-placement-at-204-apiece
Heeton Holdings acquires Capri by Fraser Changi City as part of JV consortium
Mainboard-listed Heeton Holdings 5DP 0.00% has announced its acquisition of a hotel in Singapore, Capri by Fraser Changi City, as part of a joint venture consortium. The boutique hospitality company has recently entered into a new joint venture, ‘Dorsett Atelier Capital Heeton Changi’, with Atelier Capital Changi and Dorsett Hospitality International (DHI).
https://www.theedgesingapore.com/news/property/heeton-holdings-acquires-capri-fraser-changi-city-part-jv-consortium
LHN releases 3QFY2024 business updates; maintains ‘robust’ momentum in core business segments
Real estate management services company, LHN Group, has released its 3QFY2024 business updates, citing a “robust” momentum in its core business segments. As at June 30, LHN has achieved overall occupancy rates of over 90%, which spans across its portfolio of industrial, commercial and Coliwoo co-living properties.
https://www.theedgesingapore.com/capital/results/lhn-releases-3qfy2024-business-updates-maintains-robust-momentum-core-business
Global Economy & Real Estate
US manufacturing edges up in August from 8-month low, but trend remains weak
https://www.businesstimes.com.sg/international/us-manufacturing-edges-august-8-month-low-trend-remains-weak
https://www.straitstimes.com/business/economy/us-manufacturing-edges-up-in-august-from-8-month-low-but-trend-remains-weak
US construction spending falls more than expected in July
https://www.businesstimes.com.sg/property/us-construction-spending-falls-more-expected-july
Will interest-rate cuts turbocharge oil prices?
https://www.businesstimes.com.sg/opinion-features/will-interest-rate-cuts-turbocharge-oil-prices
Travel industry to contribute record US$11 trillion to global GDP in 2024
https://www.businesstimes.com.sg/international/travel-industry-contribute-record-us11-trillion-global-gdp-2024
Australia current account deficit hits six-year high in Q2
https://www.businesstimes.com.sg/international/australia-current-account-deficit-hits-six-year-high-q2
Top Australia diplomat fears firms will miss South-east Asia boom
https://www.businesstimes.com.sg/international/top-australia-diplomat-fears-firms-will-miss-south-east-asia-boom
Sydney’s mpox surge offers cautionary tale as world braces for new strain
https://www.businesstimes.com.sg/international/sydneys-mpox-surge-offers-cautionary-tale-world-braces-new-strain
ECB cuts to get trickier once key interest rate approaches 3%
https://www.businesstimes.com.sg/international/ecb-cuts-get-trickier-once-key-interest-rate-approaches-3
Rich German families snap up trophy real estate after price drop
https://www.businesstimes.com.sg/property/rich-german-families-snap-trophy-real-estate-after-price-drop
Hong Kong developers launch price war to ‘kick-start market’ ahead of Fed rate cut
https://www.scmp.com/business/article/3277000/hong-kong-developers-launch-price-war-kick-start-market-ahead-fed-rate-cut
Hong Kong property deals slump to 6-month low as market-boosting measures wear off
https://www.scmp.com/business/article/3277037/hong-kong-property-deals-slump-6-month-low-cooling-measures-wear
Owners of Hong Kong’s Connaught hotel slash sale price by 40% amid property downturn
https://www.scmp.com/business/article/3277061/owners-hong-kongs-connaught-hotel-slash-sale-price-40-amid-property-downturn
Turmoil in Italy over plan to hike tourist tax
https://www.channelnewsasia.com/world/italy-hike-tourist-tax-plan-turmoil-4583786
Airbnb asks New York City to reconsider regulations on short-term rentals
https://www.businesstimes.com.sg/property/airbnb-asks-new-york-city-reconsider-regulations-short-term-rentals
https://www.channelnewsasia.com/business/airbnb-asks-nyc-reconsider-regulations-short-term-rentals-4584556
New Zealand nearly trebles levy on international tourists
https://www.businesstimes.com.sg/international/new-zealand-nearly-trebles-levy-international-tourists
https://www.channelnewsasia.com/world/new-zealand-international-tourist-levy-fee-tripled-4582631
South-east Asia super rich worry more about succession disputes than other regions: Poll
https://www.straitstimes.com/business/south-east-asia-super-rich-worry-more-about-succession-disputes-than-other-regions-poll
Spain’s crackdown on holiday rentals bodes well for luxury hotels
https://www.businesstimes.com.sg/property/spains-crackdown-holiday-rentals-bodes-well-luxury-hotels
Swiss economic output boosted by Olympics, European football championships
https://www.channelnewsasia.com/sport/swiss-economic-output-boosted-olympics-european-football-championships-4583201
Thailand’s 450-billion baht digital handout scheme to include cash payments, PM says
https://www.businesstimes.com.sg/international/asean/thailands-450-billion-baht-digital-handout-scheme-include-cash-payments-pm-says
Thai exports seen up 1% to 2% this year, shippers’ group says
https://www.businesstimes.com.sg/international/thai-exports-seen-1-2-year-shippers-group-says
London workers are in the office just half the week: study
https://www.businesstimes.com.sg/international/london-workers-are-office-just-half-week-study
https://www.straitstimes.com/business/london-workers-in-the-office-just-half-the-week-study-finds
British home price rises to outpace inflation, but affordability to improve
https://www.businesstimes.com.sg/property/british-home-price-rises-outpace-inflation-affordability-improve
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