Singapore Real Estate / Built Environment
Choa Chu Kang to build a multi-storey driving centre Bukit Batok Centre site to be redeveloped into residential area
A “new generation driving centre” is planned to be built in Choa Chu Kang to replace the existing Bukit Batok driving centre, and a residential project will be developed on the site of the Bukit Batok driving centre.
https://www.zaobao.com.sg/news/singapore/story20250507-6299980
Mapletree Pan Asia Commercial Trust should explore merger or sale of Festival Walk to become more Singapore-centric
Singapore’s largest mall, VivoCity, with over a million square feet of lettable area, is much loved by shoppers. However, the mall’s owner – Mapletree Pan Asia Commercial Trust (MPACT) – receives little affection from investors.
Singapore’s strata office market set for sustained growth in 2025
As we approach the midpoint of 2025 with an economy experiencing the ripple effects of a global trade slowdown, sales of strata-titled office space in Singapore continue to reflect a sustained appetite for office asset ownership. This reinforces the city-state’s reputation as a safe haven for investments.
https://www.businesstimes.com.sg/property/singapores-strata-office-market-set-sustained-growth-2025
Real estate investors eye residential and industrial development sites in Johor-Singapore SEZ
Investors are currently focused on acquiring residential and industrial development sites in the Johor-Singapore Special Economic Zone (JS-SEZ), where opportunities for growth in the hospitality sector are expected to present themselves in the longer-term.
Clementi resale flat prices surge 15.4% in Q1 as wider market cools
The prices of Housing and Development Board (HDB) resale flats in Clementi jumped by 15.4 per cent in the first quarter of 2025 from the previous quarter, with average prices reaching S$705,598, according to a report by property agency OrangeTee on Tuesday (May 6).
Singapore News
PM Wong thanks Teo Chee Hean, Heng Swee Keat for their service to Singapore as they retire from politics
Prime Minister Lawrence Wong on Tuesday (May 6) thanked Senior Minister Teo Chee Hean and Deputy Prime Minister Heng Swee Keat for their contributions to Singapore as they retire from politics.
https://www.zaobao.com.sg/news/singapore/story20250507-6301362
Private green investments in South-east Asia rise 43% to US$8 billion in 2024: report
South-east Asia managed to attract US$8 billion in green investments from the private sector in 2024, up 43 per cent from the previous year, according to a joint report by Bain & Company and Temasek released on Tuesday (May 6).
Enterprise Singapore launches new one-stop Sustainability Hub website for SMEs
Enterprise Singapore (EnterpriseSG) launched the new SME Sustainability Hub on Tuesday (May 6), a website that aims to help small and medium-sized enterprises (SMEs) access information on the available government support and resources as they embark on their sustainability journey.
Business News
Frasers Logistics & Commercial Trust posts 13.8% lower H1 DPU of S$0.03
Frasers Logistics and Commercial Trust (FLCT) on Wednesday (May 7) posted a 13.8 per cent fall in distribution per unit (DPU) to S$0.03 for its first half ended March 31, from S$0.0348 in the corresponding period in the previous year.
Keppel DC Reit names Low Huan Ping as lead independent director amid board changes
Keppel DC Real Estate Investment Trust (Reit) has announced director Low Huan Ping as new lead independent director and chairman of nominating and remuneration committee, as Kenny Kwan steps down.
https://www.zaobao.com.sg/realtime/singapore/story20250506-6299227
Global Economy / Real Estate News
Fed to hold rates steady as pressures mount
https://www.businesstimes.com.sg/international/fed-hold-rates-steady-pressures-mount
https://www.zaobao.com.sg/finance/singapore/story20250506-6300582
US trade deficit widens to a record on pre-tariffs import surge
US SEC’s new chief says 15% of staff have left, contract cuts to come, sources say
Trump tariffs have led to drop in sales, say businesses in New York’s Chinatown
China’s services growth hits 7-month low as tariffs bite: Caixin PMI
China’s economic rescue plan stalled by wariness over tariffs
Chinese holiday spending inches up, but trade war weighs on services
Beijing cuts RRR and policy rates as US tariff war hits
Eurozone economic growth slows in April, services near stagnation
EU targets 100 billion euros of US goods with tariffs if talks fail
Weaker Hong Kong dollar to boost tourism and lower cost of services: economists
Hong Kong’s April property deals jump to 5-month high as buyers dived in on stamp duty cut
Japan’s service sector activity rebounds in April, PMI shows
Malaysia’s exports impacted more by global economy than FX moves: minister
New Zealand jobless rate holds steady as fewer people seek work
Philippine inflation at lowest since 2019, backs more rate cuts
Thai inflation turning negative set to aid more rate cuts
Toronto home-price declines accelerate amid trade war with US
https://www.businesstimes.com.sg/property/toronto-home-price-declines-accelerate-amid-trade-war-us
UK and US in intensive talks on economic deal to reduce tariffs
Vietnam sees strong exports, FDI pledges in April despite tariff woes
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