Singapore: HDB resale and BTO, private launches and developer sales, government land sales, en bloc, and the cooling measures that move them.
China's manufacturing PMI fell to 49.3 in October from 50.1 in September, marking the third contraction in four months. The decline was driven by weak export demand and fading consumer spending after the National Day holiday, with analysts warning of insufficient demand.
Married couple David Shen and Sheralyn Tay, both 45, run a home-based private dining business called PXZA from their five-room HDB flat in Yishun, serving 12-course Neapolitan-style pizza dinners to paying guests. They juggle the venture with their day jobs, handling all preparation and hosting them
Enterprise Singapore has advised local companies to focus on smart technology, advanced manufacturing and the green economy when expanding into China. The agency highlighted China's vast market, manufacturing capabilities and supply chains as springboards for regional and global growth.
A joint venture between Hong Leong Holdings and Mitsui Fudosan has won a 99-year leasehold residential site at Orchard Boulevard with a top bid of S$175.5 million, or S$1,755 psf per plot ratio. The bid was 8.3 per cent higher than the second-highest offer and represents the third-highest land rate
Major Asian property groups including Hongkong Land, CapitaLand Investment and Keppel are adopting capital recycling as a standard portfolio management tool, selling or monetising mature assets to fund new investments and grow recurring-income businesses. Hongkong Land has recycled US$3.6 billion to
Spotify plans to launch an AI-powered music remix service in the first quarter of 2027, potentially debuting around the Grammy Awards in February. The service would allow subscribers to create remixes and would cost an additional S$5 to S$7 per month, with royalties flowing back to original artists.
Audemars Piguet has officially launched The Watch Keepers, a certified pre-owned digital platform allowing collectors to buy and sell authenticated vintage and modern timepieces directly through the Swiss watchmaker. The programme is initially available in Europe and Switzerland, with global expansi
A food writer argues that the growing presence of steak, donburi and other foreign dishes in Singapore's hawker centres is not a threat to local food culture. The real challenge is whether traditional hawkers can afford to keep selling familiar staples amid rising costs and entrenched price expectat
Orange Cyberdefense, the digital security arm of French telecom Orange, has partnered with Mistral AI to use a cybersecurity variant of the startup's latest AI model. The deal gives the European cybersecurity provider access to a European-built AI model as the industry faces rising AI-driven cyberat
CapitaLand Integrated Commercial Trust posted a 13.8 per cent year-on-year rise in net property income to S$334.9 million for the third quarter, driven by the first full quarter of contributions from the Paragon mall and medical complex. The gains were partly offset by the disposal of Asia Square To
Alphabet is selling its homegrown AI chips, previously for internal use, to external customers, driving Google Cloud revenue growth but straining cash flow due to upfront hardware costs. The company reported a 11 per cent share drop after highlighting rising AI infrastructure spending, with chip sal
Singapore's Keppel reported a 20% year-on-year increase in third-quarter net profit, driven by stronger earnings from its connectivity and infrastructure units. The firm has also announced over S$2.4 billion in non-core property sales this year, while exploring up to $1 billion in Vietnam real estat
Singapore will apply the same financing restrictions that already govern ordinary private car purchases to individually owned private-hire cars from Friday, 30 Oct 2026. The move closes a loophole that may have allowed some buyers to access more permissive loan terms by registering vehicles as priva
Alphabet's Google has unveiled Gemini 4 Carbon, its latest frontier AI model, focusing on cybersecurity tasks such as vulnerability discovery and software patching. The model, priced at US$2 per million input tokens and US$10 per million output tokens, is first available to cybersecurity defenders t
Prime Minister Lawrence Wong has proposed an artificial intelligence incident reporting pilot modelled on international aviation safety, where countries voluntarily share lessons from AI failures and near misses. Speaking at the Virtual Leaders' Meeting on Frontier AI Safety on 28 Oct, he said inter
Meta has launched its personal AI agent Muse in Singapore, allowing users to manage emails, plan travel and shop through connected apps. The service is free for most uses and has early partnerships with brands including Agoda, Grab, Lazada, Shopee and Singapore Airlines.
Major US cloud providers are planning Asia Pacific data centre capacity for 2030 and beyond, with operators facing record-low vacancies and pressure to deliver campuses exceeding 100 megawatts. JLL’s Asia Pacific head of data centre research Mikhail Jaura and DC Byte lead analyst Vivian Wong spoke d
Bukit Sembawang Estates has signed a conditional S$196 million deal to acquire part of the Kallang Distripark from Tropical Warehousing, planning a waterfront condo with first-storey commercial space. The 548,959 sq ft site could yield 804,144 sq ft of gross floor area, with Savills estimating a gro
HSBC reported a 32 per cent rise in third-quarter pretax profit to US$9.6 billion, driven by interest rate hikes and lower legal provisions. The bank also announced a US$1 billion share buyback and said credit losses fell 17 per cent, partly due to fewer charges from Hong Kong's real estate sector.
The Urban Redevelopment Authority has awarded a 390-home residential site at Marina Gardens Lane to EL Development for S$450.1 million. The sole bid was 11.3 per cent below the price paid for an adjoining site in 2023, and comes after the URA rejected a sole bid for a nearby plot in 2024.
A surge in heritage impact assessments and archaeological mitigation works in Singapore has stretched the country's small pool of architectural conservation and archaeology experts, raising concerns about quality and oversight. The International Council on Monuments and Sites Singapore warns that wi
Singapore co-living operator The Assembly Place (TAP) will invest up to S$2.5 million in a living sector fund targeting S$300 million. TAP is proposed to serve as property manager and operator of the fund's assets, expanding its managed portfolio under an asset-light strategy.
SpaceX on Monday said it would lease data centre hardware, including AI chips, from an entity managed by Apollo Global Management. The deal totals roughly US$40 billion in principal payments.
Singapore launched a five-year energy infrastructure plan to meet rising electricity demand, adding five new gas-fired power plants, expanding the grid, and setting a new solar target of 4 GWp by 2035. Peak demand could reach 13 GW by 2031, driven by semiconductors and data centres.
An AEW-managed fund has agreed to sell the Westgate Tower in Jurong East to Tuan Sing for S$600 million, a 12 per cent discount on the S$680 million AEW paid in 2022. The 20-storey, 305,000 sq ft office building is 90 per cent occupied and sits on a 99-year leasehold site.
Singapore's core inflation fell to 2 per cent year-on-year in September, down from 2.2 per cent in August, driven by slower rises in services, retail and private transport costs. The Monetary Authority of Singapore and Ministry of Energy, Trade and Industry expect inflation to ease more clearly from
HDB resale flat prices fell 0.1% in the third quarter of 2026, the third straight quarterly decline. Private home prices rose 1.4%, the fastest quarterly increase in nearly two years, according to data from HDB and URA released on 23 Oct.
Singapore has launched a S$143 million initiative to develop industrial decarbonisation technologies. The funding will support industry-led research and five projects scaling up low-carbon technologies for real-world testing.
The Asian Development Bank is considering a US$500 million loan for infrastructure supporting a 360-hectare Pasay City development by SM Prime Holdings. The nonsovereign loan, to be extended to SM Smart City Infrastructure and Development Corp., is scheduled for board consideration on 25 Nov 2026.
Anthropic is pushing forward with its IPO in mid-November, aiming for a potential US$1.5 trillion valuation, even as other AI infrastructure and data centre firms delay or withdraw their listings amid rising interest rates and market volatility.
BE Semiconductor Industries posted €342.6 million in Q3 orders, beating analyst expectations of €298 million, driven by AI data centre demand. Revenue in the final quarter of 2026 is expected to be broadly unchanged from Q3's €283.4 million, the company said.
About 40 cat fosterers have been approved under a two-year pilot scheme that raises the household cat limit to six in HDB flats and 10 in private premises. While some fosterers welcome the formal recognition and fee waivers, others express concerns over household limits and the scheme's ability to a
Singapore and the United Arab Emirates intend to launch negotiations on a Comprehensive Economic Partnership Agreement to deepen economic integration and facilitate trade and investment flows. The announcement was made by Prime Minister Lawrence Wong and UAE President Sheikh Mohamed Zayed Al Nahyan
Singapore-based DayOne Data Centers is considering delaying or scaling back its planned US initial public offering to raise between US$2.5 billion and US$3 billion, down from an earlier target of US$5 billion. The move comes amid rising volatility in the data centre sector following the failed IPO o
The High Court has ordered Franklin Chan Yip Tong to honour a S$600,000 payment to his two brothers who were left out of their mother's will. The money was to come from the S$5 million sale of a semi-detached house at Eng Kong Road bequeathed to Franklin and his brother David.
ABB posted record quarterly orders of US$12 billion, up 40 per cent year on year, driven by surging demand for data centre equipment. The Swiss engineering group also announced a US$495 million investment to take a 51 per cent stake in a low-voltage power distribution joint venture with Mitsubishi E
CapitaLand Development, UOL Group and Singapore Land Group have launched Thomson Reserve, a 1,268-unit freehold residential project off Upper Thomson Road. The development offers two- to five-bedroom homes and is a two-minute walk from Upper Thomson MRT station on the Thomson-East Coast Line.
A Reuters poll of 34 economists finds the Bank of Korea will keep its key policy rate unchanged at 3.00% at its October 22 meeting, but is expected to raise it to 3.25% in November. Inflation remains above the 2% target at 2.9%, while growth stays strong on semiconductor-led exports, giving policyma
3M has expanded its commercial relationship with Amazon and issued a warrant to an Amazon subsidiary allowing it to buy 3M shares worth over US$521 million. Shares of 3M rose more than 5 per cent in extended trading after the announcement.
Two people were taken to Singapore General Hospital for smoke inhalation after a fire broke out at Block 158 Mei Ling Street on Monday. About 25 residents were evacuated as a precaution, and the cause of the fire is under investigation.
Executives from CPP Investments, Princeton Digital Group and SC Zeus Data Centers will appear on MTD TV this week for three live sessions on Asia Pacific digital infrastructure. Topics include hyperscale capital needs, PDG's expansion strategy and Southeast Asian opportunities.
Tenstorrent has raised $1.5 billion in a Series E funding round, valuing the AI chip startup at $6.2 billion post-money. The round was led by Trace Capital and Innovation X, with the company planning to scale production of its Galaxy servers.
A landlord in a Small Claims Tribunal tenancy dispute was ordered to pay S$200 in costs after being caught attending an online course on his phone during the trial. The magistrate found his conduct, including lateness and use of unverified AI-generated arguments, unnecessarily protracted proceedings
Cambridge Associates, which oversees more than US$600 billion in assets, advises Asian families to adopt long-term, customised investment frameworks as they transfer wealth across generations. The firm stresses genuine diversification, strategic asset allocation, and rigorous manager selection to bu
CoreWeave, the Nvidia-backed AI cloud company, saw its shares fall more than 15 per cent this week and its 2030 bond yields jump to nearly 16 per cent as investors worried about an AI bubble. The loss-making firm has US$50 billion in debt and has never turned a profit.
Blue Origin plans to launch its New Glenn rocket multiple times per week by the end of the decade, backed by over US$3 billion in Florida infrastructure. A US$330 million expansion will support production of the heavier New Glenn 9x4 variant, with completion targeted for summer 2027.
Tesla unveiled a redesigned Roadster with SpaceX-developed rocket thrusters at a Texas event, saying production will begin in 2028. The two-seater can accelerate from zero to 97 kmh in under a second and travel over 480 km per charge.
Capital Distributors, KDK's exclusive distributor in Singapore, has installed cooling solutions in three vulnerable households in Punggol North as part of a community heat adaptation programme. The initiative, which also included distributing 100 fans to rental flat residents, marks 30 years of the
Houthi missiles struck the presidential palace in Aden on Thursday, killing at least four people and wounding 10, as Saudi Arabia accused Iran of encouraging the escalation. The attack targeted command centres used by Yemeni government forces and the Saudi-led coalition.
Anthropic has given nonprofit evaluator METR employee-level access to its systems and is in talks with others including Hugging Face, as AI firms pitch external reviews as a safety guardrail. The developer of Claude models is also working with biosecurity nonprofit SecureBio and Accenture's AI busin
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