Singapore: HDB resale and BTO, private launches and developer sales, government land sales, en bloc, and the cooling measures that move them.
OpenAI is seeking at least US$30 billion in a new funding round at a valuation of about US$1.4 trillion, excluding the new capital, according to a Bloomberg News report. The early-stage talks would serve as bridge financing ahead of a possible IPO, which CEO Sam Altman has ruled out for 2026.
OpenAI has launched Dots, always-on autonomous agents that manage projects across apps, targeting the enterprise market and competing directly with Meta's Muse. The company also reported 35 million weekly users of Codex and ChatGPT Work, while facing scrutiny over rogue AI activity.
Samsung has committed US$1 billion to KKR's Helix Digital Infrastructure strategy, lifting total capital pledged to the global AI infrastructure platform to more than US$11 billion. Samsung Electronics will contribute US$500 million, with affiliates including Samsung C&T, Samsung SDS, Samsung SDI, S
The National Museum of Singapore's Singapore History Gallery reopens on Oct 10 after its first full revamp since 2006, adding new research, artefacts and interactive elements. The reopening coincides with nine days of anniversary festivities from Oct 10 to 18.
Globe Telecom plans to spend at least US$1 billion in 2027, mainly to expand its data-centre business as it bets on AI-driven demand. The carrier is also weighing a listing of its data-centre venture, which is set to grow capacity to 124 MW by 2029.
A 22-year-old worker died on 28 Sep 2026 after falling from the 12th storey of the Tanjong Rhu Riverfront II BTO worksite. He was carrying out concrete casting works when he fell, and all works on site have been suspended pending investigations.
Singapore Prime Minister Lawrence Wong and Senior Minister Lee Hsien Loong offered condolences to former Malaysian prime minister Mahathir Mohamad after his wife, Dr Siti Hasmah Mohamad Ali, died on 28 Sep 2026 at age 100. Wong called her a pioneer in healthcare, education and social causes, while L
Residents of Braddell View, Singapore's largest former HUDC estate, have voted to form a collective sale committee, the first step in a new en bloc attempt. The 99-year leasehold development had two failed attempts in 2019 and one halted attempt in 2021.
Semiconductor industry players have committed more than S$500 million (US$390 million) to research and development projects in Singapore over five years from 2026, exceeding the over S$400 million spent between 2020 and 2025, according to A*STAR. The investment aims to sharpen Singapore's edge in ad
Singapore has emerged as the world's top destination for cross-border commercial property investment, with deals reaching S$10.3 billion in the first half of 2026. Global international property investment jumped 56 per cent to US$71.8 billion, driven by a resurgence in office sector deals across Asi
SK Hynix's US-based NAND flash and SSD subsidiary Solidigm is weighing an initial public offering that could value the unit at up to US$150 billion. Pitch meetings with investment banks began this week, and the company could raise US$15 billion in what would be one of the largest semiconductor IPOs
Singapore faces concerns over 'jobless growth' as AI-driven economic expansion outpaces job creation. Experts warn the phenomenon could concentrate gains among capital owners and elite workers, even as the government insists growth will translate into good jobs.
HDB will roll out smart hoists and screeding robots at more BTO sites to boost construction productivity, with smart hoists targeted for about 50 per cent of new sites tendered from 2027. The agency also launched an enhanced precast components catalogue that could cut project manhours by up to 20 pe
A new IPS study finds Singapore parents increasingly value holistic development, yet monthly tuition spending has more than doubled to S$677 since 2016. While 90.2 per cent rate the education system highly, parental stress and arguments over schooling have risen sharply.
HDB is reviewing its Conversion Scheme after public feedback over a S$2.18 million resale listing of a combined flat in Telok Blangah. The authority said the price was over 40 per cent above the estimated value of two similar three-room flats and has not yet received a resale application for the uni
Pan-United Corporation, one of Asia's top five concrete suppliers, is using proprietary low-carbon concrete grades at major projects including The Skywaters, Tuas Port and Changi Airport Terminal 5. The company has also commercialised its AiR Digital operations platform and become the first concrete
Scaffold netting on buildings must be fire-retardant from 1 Mar 2027 for new construction projects, the Ministry of Manpower announced. The move follows a joint review with the Singapore Civil Defence Force and lessons from Hong Kong's Wang Fuk Court fire that killed 161 people.
Google will launch a prototype satellite next week to test its AI chips in low Earth orbit for the first time. The Project Suncatcher mission aims to explore whether space can host large-scale AI computing infrastructure using continuous solar power.
Deputy Prime Minister Gan Kim Yong launched the IBF AI Workforce Co-Lab on Sep 24, with 23 financial institutions committing to train their entire Singapore workforce in AI skills by 2028. Over half of the more than 80,000 employees have already been trained, covering banks, insurers and asset manag
Aurum Royal Singapore, a 4-star boutique hotel on Erskine Road, has been repossessed by its landlord Grace International just months after opening. Guests with bookings after Sept 2 were turned away and offered refunds, while a notice at the reception desk stated the hotel had closed.
A consortium backed by BlackRock and IFM Investors has entered exclusive talks to acquire Stack Infrastructure's Asia Pacific data centre portfolio in a deal that could value the assets at up to US$25 billion, Bloomberg News has reported. The report cites people familiar with the matter.
Modal Labs is reportedly in discussions to raise new financing at a valuation of roughly US$15 billion, according to Bloomberg News. The AI startup, which helps companies access chips for AI tools, previously raised US$355 million in May at a US$4.65 billion valuation.
Singapore’s Maintenance Enforcement Division, launched in January 2025, has attended to more than 1,500 cases as of Jul 29, offering conciliation as a less adversarial route to recover unpaid divorce maintenance. The median arrears collected is about S$8,400, and around 70 per cent of cases settle w
Second Minister for National Development Indranee Rajah has called on property developers to build more family-friendly spaces, including lactation rooms and intergenerational common areas. Speaking at REDAS' mid-autumn lunch on Sep 23, she said the real estate sector has a meaningful role in suppor
Singapore's core inflation rose to 2.2 per cent year-on-year in August, the highest since September 2024, driven by higher services, retail and food inflation. Overall inflation also edged up to 2.3 per cent, with authorities expecting core and headline inflation to average 1.5 to 2.5 per cent in 20
City Developments Ltd (CDL) will release the outcome of its strategic review before trading hours on Sept 28, followed by a livestreamed briefing. The review, conducted by Teneo, is expected to outline CDL's capital allocation framework and future direction amid a recovery in earnings and lingering
Lee Sai Koon, 75, was jailed for 10 days on Sep 22 for sabotaging rivals' advertisements at new BTO estates in Ang Mo Kio and Toa Payoh. He spray-painted a notice board and cut his own posters, damaging property, and pleaded guilty to three mischief charges.
Tom & Stefanie has closed its Tiong Bahru Plaza outlet, leaving the 32-year-old children's store with just three shops, down from a peak of 10. Founder's daughter Stefanie Chua says rising rents and online competition are behind the closures, but she wants to keep going for longtime staff.
The 4 per cent floor interest rate for CPF Special, MediSave and Retirement accounts will be extended through 2027, the CPF Board and HDB announced on 22 Sep. The Ordinary Account rate and the concessionary HDB housing loan rate also remain unchanged for the fourth quarter.
Harvey Norman has launched a limited-edition HP Omnibook Ultra in a Deep Espresso finish at its Singapore stores. The laptop, developed with HP, is available in three configurations priced from S$3,399 to S$4,399, with a launch promotion including a speaker and portable monitor worth S$728.
Georgia Power, a unit of Southern Company, has signed an agreement with Google to fund upgrades at its Vogtle and Hatch nuclear plants that could add about 96 megawatts of capacity. Pending regulatory approval, the deal would support equipment modifications and deliver about US$900 million in projec
California Governor Gavin Newsom has signed seven bills regulating the data centre industry, requiring disclosures on electricity use, water consumption and land use. The measures aim to prevent grid-upgrade costs from being shifted onto other ratepayers and to boost clean-energy supplies.
Belgian cybersecurity firm Aikido has released an open-weight AI model, Altar, designed for cybersecurity applications. The model allows companies to deploy defensive AI tools locally without sending sensitive code to external providers, meeting rising demand amid growing use of AI by criminals.
SoftBank Group Corp has launched US$10 billion in dollar-denominated and €1 billion in euro-denominated senior unsecured notes to finance its third-tranche payment for its OpenAI investment. The bonds, which will also repay an existing bridge loan, are expected to price on 24 Sept and settle on 29 S
Singapore's Land Transport Authority will launch three new bus services for Tengah and Woodlands from Oct 25, as Tengah's population more than doubled to 28,000. Interim shuttle buses broadly following the delayed Jurong Region Line route will begin in the second half of 2027, ahead of the line's mi
South Korea's Pebblestone Asset Management has signed a preliminary agreement to acquire Hyde Park Myeongdong, a mixed-use complex housing Apple's flagship Korea store, for about KRW 500 billion (US$363.4 million). The deal follows the firm's selection as preferred bidder for the 19-storey complex l
A single HDB resale or private purchase can generate dozens of PDFs, from the option to purchase and loan documents to tenancy agreements and inventory lists. Here is how to sign, merge, compress and redact them without printing anything, and where to be careful.
Italian cable maker Prysmian has partnered with Rio Tinto to supply electrical cables made with low-carbon aluminium for an Amazon data centre in Ohio. The cables will use ELYSIS inert-anode technology, which eliminates direct greenhouse gas emissions from the smelting process. It is the first known
Residents of Sembawang have the longest median work commute in Singapore at 50 minutes, according to the 2025 General Household Survey. Many rely on two feeder buses to reach Sembawang MRT station, and the journey can stretch to 90 minutes or more in peak periods.
A coroner has ruled that the death of a 17-year-old who was pinned by a falling basketball frame at Bedok South Road was a misadventure. The court found that inconsistent welding of the structure's poles likely caused the collapse, and that no professional engineer was engaged for renovation works.
Coordinating Minister for Public Services Chan Chun Sing has called on Singapore’s public servants to move from a “for” to a “with” approach in engaging citizens. Speaking at a leadership ceremony, he cited the Maju Forest and Gillman Barracks redevelopments as examples where honest articulation of
The Land Transport Authority will only determine the additional cost from the two-year delay to the North-South Corridor after the project is finished. The S$7.47 billion road project was delayed due to unexpectedly challenging ground conditions, with LTA saying it will assess whether costs will be
The US Federal Reserve's 0.25 percentage point rate hike on Sep 16 could eventually push up Singapore home loan rates, though the impact may not be immediate or one-for-one. Analysts say borrowers on floating-rate SORA-linked loans are most exposed, while fixed rates had already risen in anticipatio
The Land Transport Authority has delayed the North-South Corridor's completion to 2029, prompting businesses in Novena to report revenue declines of up to 75 per cent. Some tenants are considering not renewing leases, while residents brace for continued noise, dust and travel disruption.
Nvidia-backed CoreWeave plans to raise US$3 billion through a convertible debt offering to fund AI infrastructure. The neocloud also launched an at-the-market stock sale program for up to 35 million shares, potentially raising about US$2.92 billion.
GlobalFoundries and Marvell Technology have expanded their multi-year agreement to increase production capacity for silicon germanium semiconductors used in high-speed optical connections in data centers. The deal will boost capacity at GlobalFoundries' Vermont facility to meet surging demand from A
Residents and environmental groups in San Jose are organising against a wave of proposed AI data centre projects, citing concerns over energy, water and pollution. City officials have courted the developments for tax revenue, while state lawmakers weigh new transparency and cost measures.
An inter-agency task force has proposed fee caps for all disability services and higher means-tested subsidies, with the eligibility threshold raised to S$6,000 monthly per capita household income. The changes, expected by 2028, aim to benefit about 80 per cent of households of people with disabilit
IOI Properties Group has completed its S$2.47 billion acquisition of the indirect owner of Asia Square Tower 2 in Singapore. The deal includes repayment of shareholder loans and was settled via a Bursa Malaysia filing on Sept 17.
City Developments Ltd will open previews for its 570-unit Lucerne Grand residential towers at Lakeside Drive on Friday, with two-bedroom units from S$1.1 million. Sales bookings for the mixed-use project linked to Lakeside MRT station begin Oct 3.
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