Singapore Real Estate / Built Environment
Interest rate cuts, end of remote work could make office S-Reits the ‘dark horses’ of 2025
Singapore-listed office real estate investment trusts (S-Reits) have the potential to be the “dark horses” on the local bourse next year as they are more sensitive to interest rate cuts compared to other sub-sectors, analysts say.
Why the long-stay serviced apartments model should be ditched
Are property players here an unadventurous lot? Many groups seem to be giving the cold shoulder to the new category of long-stay serviced apartments labelled SA2.
HDB resale price growth remains strong in September even as volumes fall
Resale prices in the public housing market continued to climb despite a drop in September 2024 volumes, flash data from SRX and 99.co showed.
Singapore Economy
High-tech, high trust: Singapore’s approach to AI amid growing global competition
As the race for artificial intelligence (AI) dominance intensifies, Singapore is charting a unique course – one that balances cutting-edge technology with the human elements of trust and personal relationships.
https://www.zaobao.com.sg/news/singapore/story20241007-4969691
Payments by Singapore businesses in Q3 improve for 5th straight quarter
The payment performance of local firms in the third quarter of the year continued to improve for the fifth straight quarter, with the services sector logging the greatest drop in slow payments, said the Singapore Commercial Credit Bureau (SCCB).
Views, Reviews Forum and Others
Millennium Hotels Group is recognized for its multi-faceted support to the Community Chest by donating $1 for every buffet dinner
As one of the first companies to join the Community Chest’s “Consume for Charity Program”, Millennium Hotels International has set up donation boxes at the front desks and restaurants of its six hotels to encourage customers to donate or use their membership points to donate. In addition, the group will donate one dollar for every customer who enjoys the buffet dinner.
https://www.zaobao.com.sg/news/singapore/story20241007-4968275
Partial collapse of Syed Alwi Road shophouses due to gas explosion
Singapore: A gas explosion earlier on Tuesday (Oct 8) was to blame for the collapse of two shophouses along Syed Alwi Road, said the Building and Construction Authority (BCA).
https://www.zaobao.com.sg/realtime/singapore/story20241008-4975339
Global Economy & Real Estate
Goldman Sachs lowers odds of US recession to 15% after better-than-expected jobs report
Australian consumer sentiment jumps in October as rate concerns ease
China may top off stimulus with record deficit, economist says
https://www.businesstimes.com.sg/international/china-may-top-stimulus-record-deficit-economist-says
China’s home sales jump during holiday as 130 cities offer perks
Too early to call a burst in China property buying a recovery, analysts say
China’s ‘port visas’ prove popular as inbound tourists employ entry alternative
Throngs of Chinese tourists crowd local hot spots during Golden Week holiday
ECB will ‘quite probably’ cut rates this month, Villeroy says
Germany can’t be satisfied with path of economy, Lindner says
https://www.businesstimes.com.sg/international/germany-cant-be-satisfied-path-economy-lindner-says
German industrial orders slump more than expected in August
https://www.businesstimes.com.sg/international/german-industrial-orders-slump-more-expected-august
German property slump shows signs of bottoming out but industry cautious
Hong Kong commercial property prices to keep falling on supply glut worries: CBRE
Japan real wages down again after summer bonus bump, spending falls
Japan’s August household spending falls 1.9% y/y
https://www.businesstimes.com.sg/international/japans-august-household-spending-falls-1-9-yy
Bank of Korea eyes first policy pivot in years on signs of cooling property
Landlord SBB to sell shares in housing unit for US$390 million
https://www.businesstimes.com.sg/property/landlord-sbb-sell-shares-housing-unit-us390-million
Thai government seeking higher inflation target to enable rate cut: sources
Thailand headline inflation quickens in September, still below central bank target
UK business confidence slips as fears over budget tax rises grow: BCC
UK consumer spending rises ahead of annual budget: surveys
UK annual house prices jump by most since November 2022
https://www.businesstimes.com.sg/property/uk-annual-house-prices-jump-most-november-2022
Vietnam premier aims for growth of more than 7% this year
https://www.businesstimes.com.sg/international/asean/vietnam-premier-aims-growth-more-7-year
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