Singapore Real Estate / Built Environment
Mandatory delivery waiting bays at new private developments under study: LTA, URA
Joint Factsheet by the Land Transport Authority (LTA) & URA – New Measures Slated to Improve Last-Mile Deliveries
The feasibility of having mandatory waiting bays at new private developments for food and parcel deliveries is being studied, the authorities said on May 8. The Land Transport Authority (LTA) said the feasibility study will include new developments such as condominiums, malls and offices, and more details will be given when it is concluded by the end of 2025.
https://www.zaobao.com.sg/news/singapore/story20250508-6311525
Shaw Theatres to take over Cathay cineplex at Jem mall
Shaw Theatres is set to take over the 47,000 sq ft cinema space previously occupied by Cathay Cineplexes at Jem shopping centre in Jurong East. “Jem is a fantastic mall and we will be working on a set of offerings that we hope our patrons will find exciting,” a Shaw Theatres spokesperson told The Straits Times, adding that the official opening date has yet to be confirmed.
https://www.straitstimes.com/business/shaw-theatres-to-take-over-cathay-cinema-at-jem-shopping-mall
https://www.zaobao.com.sg/finance/singapore/story20250508-6311804
Isetan Tampines to shutter in Nov 2025
Department store operator Isetan Singapore will close its outlet at Tampines Mall in November 2025, it announced on Tuesday (May 6). Speaking to The Straits Times, a company spokesperson said that the decision was made as its lease was coming to an end. The department store has been an anchor tenant in Tampines Mall since the mall opened in 1996.
https://www.straitstimes.com/business/isetan-tampines-to-shutter-in-nov-2025
https://cnalifestyle.channelnewsasia.com/singapore/isetan-tampines-mall-closure-november-2025-464351
Business News
DBS loan demand to remain strong in H1, full-year growth likely at 5% to 6%: CEO Tan Su Shan
DBS expects its loan demand will remain strong in the first half of 2025, but warned that it may slow in the second half if the trade war persists, said chief executive Tan Su Shan.
https://www.zaobao.com.sg/finance/singapore/story20250508-6311941
Far East Orchard Q1 net profit more than doubles to S$17.3 million
Hospitality and student housing player Far East Orchard net profit more than doubled to S$17.3 million for the first quarter ended Mar 31, 2025, from S$6.9 million the previous corresponding period, the company announced on Thursday (May 8).
Frasers Property H1 profit rises 147.6% to S$142.2 million on tax reversal
Frasers Property posted a 147.6 per cent jump in net profit to S$142.2 million for the first half ended Mar 31, 2025, from S$57.4 million in the year-ago period.
OCBC Q1 profit falls 5% to S$1.88 billion; beats expectations
OCBC’s net profit for the first quarter fell on lower net interest income and higher operating expenses. Net profit for the three months ended Mar 31, 2025, stood at S$1.88 billion, compared with S$1.98 billion from the year-ago period, it said on Friday (May 9).
Global Economy / Real Estate News
Trump slams Fed chair Powell again for keeping rates steady
https://www.channelnewsasia.com/world/us-fed-reserve-pauses-interest-rate-cuts-5116016
US Fed rate pause keeps Asian markets steady, but watch out for tariffs: market observers
Asian banks see big boost to wealth business as currencies rally
Asia’s super-rich rapidly scale back US exposure on trade war
China reiterates US should cancel tariffs ahead of trade talks
EU sets out 95 billion euro countermeasures to US tariffs
Retail investors pull US$13 billion from property funds in Europe
https://www.businesstimes.com.sg/property/retail-investors-pull-us13-billion-property-funds-europe
Hong Kong works on image overhaul to attract overseas visitors
SHKP, CK Asset, Henderson to dominate Hong Kong housing amid demand for small units
Indonesia reserves drop most in almost two years on rupiah woes
Japan March real wages down for third month, overtime pay falls
Bank Negara Malaysia holds rate at 3% amid output growth, flags tariff risks
Philippines GDP growth of 5.4% is a miss, even before tariff impact
https://www.businesstimes.com.sg/international/philippines-gdp-growth-5-4-miss-even-tariff-impact
Thailand braces for ‘temporary’ investment freeze as US tariffs remain uncertain
Trump heralds ‘breakthrough’ trade deal with UK
https://www.businesstimes.com.sg/international/global/trump-heralds-breakthrough-trade-deal-uk
Bank of England cuts rates to 4.25% as it sees tariff hit to growth
UK house sales gauge hits lowest since 2023, estate agents say
https://www.businesstimes.com.sg/property/uk-house-sales-gauge-hits-lowest-2023-estate-agents-say
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.