Singapore Real Estate / Built Environment
Towards better energy use benchmarks for Singapore’s commercial buildings
Singapore’s Building and Construction Authority (BCA) launched the Green Mark (GM) certification scheme 20 years ago, a green-building rating system designed to evaluate a building’s environmental impact and performance. Subsequently, in 2008, new buildings were required to meet a minimum environmental sustainability standard. Over this time, the government has also introduced the minimum standards for existing buildings to reduce energy use.
Singapore hotel figures slip yoy in Q1, with main drags in March; visitor arrivals steady
Hotels rates, takings and occupancy for the first quarter of 2025 fell on a yearly basis, even as the number of international arrivals were largely similar, figures from the Singapore Tourism board (STB) showed on Wednesday (May 7).
Singapore News
Singapore, European Union sign new trade agreement to boost digital connectivity
Singapore and the European Union (EU) have signed a new agreement to facilitate end-to-end digital trade between them. When implemented, the European Union-Singapore Digital Trade Agreement (EUSDTA) will lay down rules for digital trade and cross-border data flows, such as the transfer of information internationally.
https://www.zaobao.com.sg/realtime/singapore/story20250507-6305739
Singaporeans advised to defer non-essential travel to Pakistan, India’s Jammu and Kashmir region: MFA
Singaporeans should defer all non-essential travel to the union territory of Jammu and Kashmir in India, and to Pakistan, the Ministry of Foreign Affairs (MFA) said on May 7. The ministry issued the travel advisory given the “volatile security situation between the two countries”.
https://www.zaobao.com.sg/realtime/singapore/story20250507-6305543
Business News
Aims Apac Reit posts 4.7% higher H2 DPU of S$0.0493 on steady portfolio performance
The manager of Aims Apac Real Estate Investment Trust (AA Reit) reported a higher distribution per unit (DPU) of S$0.0493 for the second half ended Mar 31, up 4.7 per cent from S$0.0471 for the same period the year before, citing resilient operational performance.
Amara, Ban Leong pick IFAs for privatisation offers
Hotel group Amara and technology products distributor Ban Leong Technologies on Wednesday (May 7) separately announced that they have appointed independent financial advisers (IFAs) as they mull offers to be taken private.
https://www.businesstimes.com.sg/companies-markets/amara-ban-leong-pick-ifas-privatisation-offers
Lendlease Global Commercial Reit posts 10.4% retail rental reversion for Q3 FY2025
Lendlease Global Commercial Real Estate Investment Trust (LReit) on Wednesday (May 7) posted a positive retail rental reversion of 10.4 per cent for the third quarter ended Mar 31, 2025, despite a “softer” retail landscape.
Global Economy / Real Estate News
Trump administration to rescind and replace Biden-era global AI chip export curbs
Trump says he won’t lower China tariffs to jump-start talks
US Fed leaves interest rates unchanged, cites rising risk of higher inflation and unemployment
https://www.channelnewsasia.com/world/us-fed-reserve-pauses-interest-rate-cuts-5116016
Double trouble for Asean exporters as Trump’s tariffs, currency swings bite hard
China ramps up monetary stimulus ahead of US trade meeting
China’s new growth playbook could go out the window with Trump’s tariffs
Google cuts about 200 staff in global business unit, The Information reports
HKMA keeps base rate steady in lockstep with Fed’s defiance of Trump’s push amid trade war
Brisk Hong Kong home buying continues with third sellout at SHKP’s Sierra Sea
Madrid’s house prices rise 24% as real estate crunch deepens
https://www.businesstimes.com.sg/property/madrids-house-prices-rise-24-real-estate-crunch-deepens
Thai business group says US tariffs will deliver hit to economy
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