Singapore Real Estate / Built Environment
UOL, Singland, CapitaLand Development market Tampines mega project Parktown Residence at prices starting from S$1.07 million
UOL, Singapore Land (SingLand) and CapitaLand Development will start previews of their Tampines project, Parktown Residence, on Friday (Feb 7) with prices starting in the S$2,100 to S$2,300 per square foot (psf) range.
https://www.zaobao.com.sg/realtime/singapore/story20250206-5840364
Far East, Perennial to unveil Aurea residential tower at prices starting from S$1.92 million
Far East Organization and Perennial will start previews of their residential tower Aurea on Feb 22, with prices starting from S$1.92 million, or S$2,750 per square foot (psf).
https://www.zaobao.com.sg/realtime/singapore/story20250206-5839505
Singapore Economy/News
Tariffs not the only driver of investment decisions, ‘too early’ to predict impact on Singapore: EDB
It is “too early” to say if US investments into Singapore would be affected by tariffs meted out by the Trump administration, the chairman of the Singapore Economic Development Board (EDB) said on Thursday (Feb 6).
https://www.zaobao.com.sg/realtime/singapore/story20250206-5840197
Singapore’s investment commitments in 2024 rose 6.3% to S$13.5 billion: EDB
Singapore attracted some S$13.5 billion in fixed asset investment (FAI) commitments in 2024, over half of which were in electronics, Singapore’s Economic Development Board (EDB) said at its annual year in review on Thursday (Feb 6).
https://www.zaobao.com.sg/realtime/singapore/story20250206-5835764
Consumers’ prepayment losses more than quadruple to S$1.9 million in 2024: Case
Consumers lost about S$1.9 million in prepayments in 2024 as a result of the sudden closure of businesses becoming unresponsive after these spenders had parted with their cash.
https://www.zaobao.com.sg/realtime/singapore/story20250206-5837712
Business News
BRC Asia Q1 profit after tax rises 13.9% to S$19.5 million
Steel fabricator BRC Asia on Thursday (Feb 6) announced its profit after tax rose 13.9 per cent to S$19.5 million for the quarter ended Dec 31, 2024, compared to S$17.1 million in the corresponding year-ago period.
CapitaLand Ascendas Reit H2 DPU rises 3.2% to S$0.07681
The distribution per unit (DPU) of CapitaLand Ascendas Real Estate Investment Trust (Clar) for the second half ended Dec 31, 2024, was S$0.07681 – 3.2 per cent higher than S$0.07441 from the corresponding year-ago period, its manager said on Thursday (Feb 6).
https://www.zaobao.com.sg/realtime/singapore/story20250206-5841503
Global Economy & Real Estate
World inflation is at risk of rekindling with Trump’s trade war
How long will the US Fed hold the interest rates?
https://www.straitstimes.com/business/invest/how-long-will-the-us-fed-hold-the-interest-rates
Trump administration presses government workers to accept buyout ahead of deadline
US initial jobless claims pick up, still near pre-Covid levels
Mortgage rates in US decrease for third week, slipping to 6.89%
https://www.businesstimes.com.sg/property/mortgage-rates-us-decrease-third-week-slipping-6-89
A fifth of Melbourne’s offices are empty as home working endures
https://www.businesstimes.com.sg/property/fifth-melbournes-offices-are-empty-home-working-endures
Trump’s tariffs on China bite US bargain-hunting online shoppers
Chinese firms, trapped in Trump policy maelstrom, struggle to stay on course
Europe could be a big loser in US-China trade war, ECB warns
Hong Kong gets swept up in Trump’s trade war with China
https://www.businesstimes.com.sg/international/hong-kong-gets-swept-trumps-trade-war-china
Are costs rising in Hong Kong? Inflation stays low but households say differently
Hong Kong’s NWD prices State Pavilia residential project in North Point at huge discount
Hong Kong developer’s default could send shock waves through property market: S&P
Hong Kong’s consumer watchdog launches Greater Bay Area property portal
Indonesian tycoon’s family pays S$153 million for serviced apartment block in Orchard area
Hawkish BOJ policymaker urges raising rates to at least 1%
https://www.channelnewsasia.com/business/hawkish-boj-policymaker-urges-raising-rates-least-1-4920521
Malaysia rolls out bold tax perks for Johor-Singapore SEZ with an eye on tech, talent
Malaysia says US tariffs to have minimal impact on chipmakers
Bank of England cuts rates while signalling caution on path ahead
Luxury London hotel secures refinancing to avoid being sold
https://www.businesstimes.com.sg/property/luxury-london-hotel-secures-refinancing-avoid-being-sold
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