Singapore Real Estate / Built Environment
Singapore retail sales growth eases to 0.3% in April
Singapore retail sales inched up 0.3 per cent year on year in April, easing from the previous month on the back of slower sales in department stores, data from the Singapore Department of Statistics showed on Thursday (Jun 5).
https://www.businesstimes.com.sg/singapore/singapore-retail-sales-growth-eases-0-3-april
https://www.straitstimes.com/business/singapore-retail-sales-rise-in-april-by-0-3
https://www.zaobao.com.sg/realtime/singapore/story20250605-6571052
Tariffs and potential slowdown of global economy weigh on property players’ minds: NUS poll
Singapore a choice site for data centres, but constraints on supply incur ‘opportunity cost’, NUS poll finds
Real estate leaders in Singapore were significantly more pessimistic in the first quarter of 2025, as sentiment soured after the rollout of tariffs in the United States caused heightened economic uncertainty.
Singapore News
Singapore and the Philippines to expand collaboration in renewable energy, sustainability and healthcare
Singapore and the Philippines will deepen their collaboration in several areas, including renewable energy, sustainability, healthcare and civil service development. Prime Minister Lawrence Wong and Philippine President Ferdinand Marcos Jr announced this at a joint press conference…
US tariffs, export controls not directed at Singapore, says Rubio in meeting with Vivian
Foreign Minister Vivian Balakrishnan has raised the impact of America’s tariffs and export controls with US Secretary of State Marco Rubio, who said these were not directed at Singapore.
“Nevertheless, there is a lot of work in the next few months to ensure that there are no adverse secondary impacts on Singapore…
https://www.zaobao.com.sg/realtime/singapore/story20250605-6569101
Business News
Far East Orchard terminates joint venture agreement with Real Hospitality Group
Far East Orchard has announced that it has terminated its joint venture agreement with Real Hospitality Group Asia Co, Limited.
https://www.zaobao.com.sg/realtime/singapore/story20250604-6566383
Great Eastern plans to delist through higher OCBC-backed bid: Bloomberg
Great Eastern is considering options that include a plan to delist via an offer by OCBC which will be higher than its original offer in May last year, Bloomberg reported on Thursday (Jun 5).
https://www.zaobao.com.sg/realtime/singapore/story20250605-6575881
Keppel DC Reit to replace Jardine C&C on STI
Keppel DC Real Estate Investment Trust (Reit) will replace Hong Kong-based conglomerate Jardine Cycle & Carriage (C&C) on the benchmark Straits Times Index (STI), following a quarterly review.
https://www.businesstimes.com.sg/singapore/keppel-dc-reit-replace-jardine-cc-sti
https://www.straitstimes.com/business/companies-markets/keppel-dc-reit-to-replace-jardine-cc-on-sti
Other News
What does it mean for workplaces to treat COVID-19 like the common flu, even when cases spike?
After recovering from a bout of sickness, Alicia returned to the office – only to come into contact with a colleague who had contracted COVID-19. After spending just a few hours together, Alicia fell sick again.
https://www.channelnewsasia.com/singapore/covid-19-endemic-workplace-management-policies-5165176
Queues at VEP application centres in Singapore, JB after news of enforcement from July 1
Waves of Singapore motorists showed up at Vehicle Entry Permit (VEP) application and installation centres in Singapore and Johor Bahru a day after Malaysia announced that enforcement of the VEP will start on July 1.
Global Economy / Real Estate News
US deficit is a ‘ticking time bomb’, Citadel Securities President says
US trade deficit sharply narrows in April as Trump tariffs take hold
Trump’s restriction on international students has wider repercussions beyond Harvard, say experts
Trump and Xi agree to further talks to settle trade disputes
Brookfield office tower in Los Angeles sells for 42% less than 2005 price
China’s May services activity grows despite US tariff concerns: Caixin PMI
China’s tourism industry could hit one trillion yuan by 2026: Citi
Citi to cut 3,500 tech jobs in China in global revamp
ECB cuts rates as bets build on a summer pause
https://www.businesstimes.com.sg/international/global/ecb-cuts-rates-bets-build-summer-pause
Why property giant New World’s debt woes have Hong Kong on edge
Indonesia rolls out US$1.5 billion stimulus package after growth slows
Japan April household spending unexpectedly falls
https://www.channelnewsasia.com/business/japan-april-household-spending-unexpectedly-falls-5168341
https://www.businesstimes.com.sg/international/japans-april-household-spending-unexpectedly-falls
BOJ should continue to tighten policy, US Treasury says
https://www.channelnewsasia.com/business/boj-should-continue-tighten-policy-us-treasury-says-5168346
What will it take to revive Forest City, Malaysia’s US$100 billion ‘ghost town’?
Philippine inflation eases further in May, central bank signals easing
Non-tariff barriers, not tariffs, are stalling South-east Asia’s trade ambitions
South Korea Q1 GDP -0.2% q/q, unchanged from early estimate
https://www.businesstimes.com.sg/international/south-korea-q1-gdp-0-2-qq-unchanged-early-estimate
UK home sales hit three-year high, defying slowdown fears
https://www.businesstimes.com.sg/property/uk-home-sales-hit-three-year-high-defying-slowdown-fears
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