Singapore Real Estate / Built Environment
SLA to call tender to transform Admiralty heritage bungalows into intergenerational co-living spaces
A cluster of heritage bungalows in Admiralty is about to embark on a new chapter, with plans for adaptive reuse. The Singapore Land Authority is set to open a tender for 20 of these historic bungalows this month. This marks the second state-owned property to be transformed into a dynamic co-living space for both the young and old. The first, Commune@Henderson at 98 Henderson Road, is set open this June.
https://www.youtube.com/watch?v=UMYKab4PvG0
https://www.zaobao.com.sg/news/singapore/story20250304-5964290
Feeling the Fomo in new condo market? Mind the choppy seas of higher trade tariffs
Uncertainty appears to be a powerful tailwind for Singapore’s private housing market. Finance Minister Lawrence Wong, who is also prime minister, noted in his Budget 2025 speech that the US and China are locked in a fierce contest for global supremacy, with both prepared to take assertive actions to advance their own interests, even at the expense of established international norms.
Qingjian Realty, China Communications Construction defend turf in one-north
China Communications Construction Company’s unit Forsea Residence and Qingjian Realty are defending their turf in the Mediapolis area of the one-north precinct.
Allocate $1 billion to launch an upgraded renovation and reconstruction plan to build five new hawker centres
Climate change will lead to hotter weather in the future, and as the population ages, there will be more elderly diners. To meet the changing needs, the government will allocate up to $1 billion to renovate and rebuild some hawker centers and build five more hawker centers in the next two to three decades.
https://www.zaobao.com.sg/news/singapore/story20250304-5965117?ref=today-news-section-card-2
https://www.youtube.com/watch?v=3QO2-t2YDJM
Singapore Economy / News
Singapore takes more steps to detect money mules through information sharing, cooling-off measures
Singapore will put more effort into detecting money mule activities in 2025, said Minister of State for Home Affairs Sun Xueling. The Singapore Police Force (SPF) will expand information sharing with banks on known mule accounts, to enhance their fraud analytics and enable them to uncover other mule accounts.
https://www.zaobao.com.sg/news/singapore/story20250304-5963363?ref=today-news-section-card-1
https://www.youtube.com/watch?v=t4yS2FSaufY
Singapore to pilot carbon capture and storage technology at waste-to-energy plants
Singapore will be launching a pilot by 2026 to test the viability of carbon capture technologies at its waste-to-energy plants, announced Senior Minister of State for Sustainability and Environment Amy Khor on Tuesday (Mar 4).
S’pore’s manufacturing indicators post back-to-back deceleration for first time in almost 2 years
Singapore – Leading indicators for Singapore’s manufacturing sector posted back-to-back deceleration for the first time in almost two years.
The purchasing managers’ index (PMI) – a barometer of the sector – dipped another 0.2 point in February to 50.7, down from January’s 50.9 points.
Business News
Singapore’s CDL loses top developer spot after family feud
City Developments lost its position as Singapore’s largest listed developer after its stock fell following the lifting of a trading halt, reflecting investor concerns about its boardroom tussle unfolding in public.
https://www.straitstimes.com/business/companies-markets/cdl-lifts-trading-halt-amid-boardroom-tussle
https://www.zaobao.com.sg/finance/singapore/story20250304-5965663?ref=today-news-section-card-12
Ong Beng Seng’s Hotel Properties Limited expands global portfolio with InterContinental Auckland
Singapore – Local hospitality company Hotel Properties Limited (HPL) on March 4 announced the expansion of its global luxury hospitality portfolio with the proposed acquisition of InterContinental Auckland.
Singapore shares close down following new US tariffs, STI drops 0.5%
Singapore – The Straits Times Index (STI) closed down after the US announced additional tariffs on March 4. The STI closed down 0.5 per cent, or 18.16 points, at 3,890.76. Across the broader market, decliners outnumbered advancers 359 to 182 after 1.8 billion shares worth $1.4 billion changed hands.
Global Economy & Real Estate
US dollar falls to three-month low as tariffs and growth fears rattle markets
US stocks fall again as more Trump tariffs take effect
Australia’s industrial, office sectors are top property calls this year
China’s GDP growth target this year is around 5%
https://www.zaobao.com.sg/realtime/china/story20250305-5967091?ref=today-news-section-card-3
Country Garden accelerates overseas debt restructuring and reappoints Houlihan Lobbying and CICC as financial advisors
https://www.zaobao.com.sg/realtime/china/story20250304-5963838
Hong Kongers seek $475 billion in loans to bet on city’s red-hot IPOs
Hong Kong retail property fund Bridgeway sells Jordan shop at 30% discount
Hong Kong’s February property sales fall to 5-month low as US-China tension spooks buyers
GIC’s former Japan head sets sights on 25 billion yen fund to target residential properties in Japan
Hotel Properties proposes to buy InterContinental Auckland for NZ$180 million
Why the UK is preparing to change its leasehold laws
https://www.businesstimes.com.sg/property/why-uk-preparing-change-its-leasehold-laws
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