Singapore Real Estate / Built Environment
Retail vacancy rate improves further to 10-year low of 6.5%; foreign F&B operators hold up rents
The islandwide retail vacancy rate has continued its downward trend from 6.6 per cent in the second quarter of this year to 6.5 per cent in the third quarter, which is the lowest since 2014, said Savills Singapore on Wednesday (Nov 6).
https://www.businesstimes.com.sg/property/retail-vacancy-rate-improves-further-10-year-low-6-5-foreign-fb-operators-hold-rents
OK Lim’s wife puts up Queen Astrid Park GCB for sale at S$100 million
The wife of convicted Hin Leong Trading founder Lim Oon Kuin has quietly put up for sale her good class bungalow (GCB) in Queen Astrid Park for S$100 million.
https://www.businesstimes.com.sg/property/ok-lims-wife-puts-queen-astrid-park-gcb-sale-s100-million
https://www.straitstimes.com/singapore/housing/wife-of-convicted-hin-leong-founder-puts-up-queen-astrid-park-gcb-for-sale-at-100-million
https://www.zaobao.com.sg/realtime/singapore/story20241106-5304429
Singles to get priority for BTO flats from mid-2025 under new Family Care Scheme
Singles applying for Build-To-Order (BTO) flats will get priority access when they buy a home near or with their parents under a new scheme that kicks in from mid-2025.
https://www.businesstimes.com.sg/property/singles-get-priority-bto-flats-mid-2025-under-new-family-care-scheme
https://www.straitstimes.com/singapore/housing/singles-to-get-priority-for-bto-flats-from-mid-2025-under-new-family-care-scheme
https://www.channelnewsasia.com/singapore/hdb-mnd-bto-priority-access-singles-family-care-scheme-2025-4730601
https://www.zaobao.com.sg/realtime/singapore/story20241106-5304931
HDB resale prices continue rising in October while transaction volume falls
Resale prices of Housing and Development Board (HDB) flats booked a marginal increase of 0.3 per cent in October while fewer HDB flats were transacted in the month, flash data from real estate portal SRX and property agency 99.co showed on Wednesday (Nov 6).
https://www.businesstimes.com.sg/property/hdb-resale-prices-continue-rising-october-while-transaction-volume-falls-srx-99-co
https://www.zaobao.com.sg/realtime/singapore/story20241106-5302534
Singapore Economy
PM Wong congratulates Donald Trump, says Singapore ready to work with new administration
Singapore: Singapore Prime Minister Lawrence Wong on Wednesday (Nov 6) congratulated Mr Donald Trump on winning the United States presidential election.
https://www.channelnewsasia.com/singapore/pm-lawrence-wong-congratulates-donald-trump-next-us-president-elections-4730346
https://www.businesstimes.com.sg/international/pm-wong-congratulates-us-president-elect-trump-looks-forward-enhancing-bilateral-relations
https://www.straitstimes.com/singapore/singapores-pm-wong-reaffirms-commitment-to-strengthening-ties-with-us-under-president-elect-donald
https://www.zaobao.com.sg/realtime/singapore/story20241106-5306032
Singapore, Indonesia looking to cooperate in energy, food security: PM Wong
Singapore and Indonesia are looking to cooperate in energy security and sustainability, among several areas aligned to Indonesia’s priorities, the city-state’s Prime Minister Lawrence Wong said during his introductory visit to Jakarta on Wednesday (Nov 6).
https://www.businesstimes.com.sg/international/singapore-indonesia-looking-cooperate-energy-food-security-pm-wong
https://www.channelnewsasia.com/singapore/pm-lawrence-wong-new-and-exciting-collaboration-opportunities-indonesia-ahead-4729486
https://www.zaobao.com.sg/realtime/singapore/story20241106-5303838
Singapore and UK sign AI safety agreement
Singapore – Artificial intelligence (AI) development will get a boost with the signing of a new memorandum of cooperation between Singapore and Britain to enhance the safety and reliability of AI technology in its development and use.
https://www.straitstimes.com/singapore/singapore-and-uk-sign-ai-safety-agreement
Singapore could face higher costs, slower growth as Trump’s win heralds a protectionist shift
The export-driven Singapore economy is bracing for the likelihood of higher tariffs globally, as unofficial results show former United States president Donald Trump has clinched a second term.
https://www.businesstimes.com.sg/singapore/singapore-could-face-higher-costs-slower-growth-trumps-win-heralds-protectionist-shift
Global Economy & Real Estate
Donald Trump elected US president in stunning comeback
https://www.businesstimes.com.sg/international/donald-trump-elected-us-president-stunning-comeback
Trump to reshape US economy with tariffs, crackdown on migrants
https://www.businesstimes.com.sg/international/trump-reshape-us-economy-tariffs-crackdown-migrants
Trump’s return sparks questions on tariffs disrupting Asean growth and investment flows
https://www.businesstimes.com.sg/international/asean/trumps-return-sparks-questions-tariffs-disrupting-asean-growth-and-investment-flows
Trump’s election victory puts US Fed on path for fewer rate cuts
https://www.straitstimes.com/business/economy/trumps-election-victory-puts-us-fed-on-path-for-fewer-rate-cuts
US mortgage rates rise again, with recent jump most in two years
https://www.businesstimes.com.sg/property/us-mortgage-rates-rise-again-recent-jump-most-two-years
Chinese economists push reform as stimulus takes hold, but Trump win creates uncertainty
https://www.scmp.com/economy/policy/article/3285449/chinese-economists-push-reform-stimulus-takes-hold-trump-win-creates-uncertainty
Brookfield in talks with banks to refinance Shanghai towers
https://www.businesstimes.com.sg/companies-markets/banking-finance/brookfield-talks-banks-refinance-shanghai-towers
Eurozone business holds steady in October, PMI shows
https://www.businesstimes.com.sg/international/eurozone-business-holds-steady-october-pmi-shows
Germany in economic and political funk, 35 years after fall of Berlin Wall
https://www.businesstimes.com.sg/opinion-features/germany-economic-and-political-funk-35-years-after-fall-berlin-wall
German factory orders jump in boost for beleaguered sector
https://www.businesstimes.com.sg/international/german-factory-orders-jump-boost-beleaguered-sector
Hong Kong’s buy-rent gap set to narrow as home prices bottom out
https://www.businesstimes.com.sg/property/hong-kongs-buy-rent-gap-set-narrow-home-prices-bottom-out
Indonesia central bank says ready to stabilise rupiah if needed
https://www.channelnewsasia.com/business/indonesia-central-bank-says-ready-stabilise-rupiah-if-needed-4728441
Japan inflation-adjusted wages slip in Sept as price rises offset pay growth
https://www.channelnewsasia.com/business/japan-inflation-adjusted-wages-slip-sept-price-rises-offset-pay-growth-4731896
Malaysia maintains key rate at 3%, expects sustained growth
https://www.businesstimes.com.sg/international/asean/malaysia-maintains-key-rate-3-expects-sustained-growth
https://www.channelnewsasia.com/business/malaysia-central-bank-keeps-key-rate-300-final-policy-meeting-year-4729481
Thai inflation stays below central bank target for fifth month
https://www.businesstimes.com.sg/international/asean/thai-inflation-stays-below-central-bank-target-fifth-month
https://www.channelnewsasia.com/business/thai-inflation-quickens-oct-still-below-central-bank-target-4728261
Thailand may see record tourist arrivals in 2025, Agoda CEO says
https://www.businesstimes.com.sg/international/asean/thailand-may-see-record-tourist-arrivals-2025-agoda-ceo-says
Toronto home sales in October rise at fastest pace this year, new listings fall
https://www.businesstimes.com.sg/property/toronto-home-sales-october-rise-fastest-pace-year-new-listings-fall
Bank of England to cut rates in decision that will be overshadowed by budget, Trump
https://www.businesstimes.com.sg/companies-markets/banking-finance/bank-england-cut-rates-decision-will-be-overshadowed-budget-trump
UK construction sector growth slows, house-building drag intensifies, PMI shows
https://www.businesstimes.com.sg/property/uk-construction-sector-growth-slows-house-building-drag-intensifies-pmi-shows
Vietnam records US$2 billion trade surplus in October
https://www.businesstimes.com.sg/international/asean/vietnam-records-us2-billion-trade-surplus-october
Disclaimer & Note:
Real Estate Developers’ Association of Singapore (REDAS) does not warrant the accuracy, adequacy or completeness of the information and expressly disclaims liability for errors or omissions therein. The content, accuracy, and opinions expressed are not investigated, verified, monitored, nor endorsed by REDAS. Every effort is taken to ensure that all information extracted is correct at the time of dissemination.
The Daily News is issued as news gathering for the convenience and benefits of REDAS’ members only and not for mass circulation. Members are advised to exercise discretion in the use and dissemination of the information. The news links are time-sensitive and require registration of fee-based digital subscriptions.