Singapore: HDB resale and BTO, private launches and developer sales, government land sales, en bloc, and the cooling measures that move them.
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.
Anthropic is merging the chat and Cowork features of its Claude AI assistant into a single interface and launching new document and presentation tools, Claude Docs and Claude Slides in beta. The move follows OpenAI's July launch of ChatGPT Work, as the two IPO-bound firms compete for enterprise and
Novo Nordisk has partnered with Anthropic to use its Claude models to accelerate drug discovery and development. The Danish drugmaker will deploy the AI in research workflows and software development, building on existing use of Claude to cut trial report generation from months to minutes.
Tan Chew Ling, 58, a former HDB group director for estate administration and property, was charged with breaching the agency's housing management submissions database 161 times over two days in April 2024. She allegedly kept documents and information on seven HDB flats without authorisation. She fac
India's National Stock Exchange will launch its US$2.3 billion public offering on Sep 16, pricing shares 15-20 per cent below earlier roadshow expectations amid declining derivative trading volumes. The offer values the bourse at US$46 billion, with subscriptions opening Thursday and closing Sep 21.
A family court dismissed a 90-year-old man's bid for spousal maintenance from his 89-year-old ex-wife after their 64-year marriage, saying the S$2 million-plus he receives from the matrimonial pool sufficiently provides for him. The court also ordered the couple's S$5.8 million home sold within six
Singapore launched more than 200 AI-related training courses on Sep 16, with eligible citizens receiving six-month free subscriptions to premium AI tools. The Skills and Workforce Development Agency also opened Connect by SWDA, a one-stop careers and skills centre at the Lifelong Learning Institute.
Meta is preparing to launch a camera-free pair of smart glasses, code-named Luna, this fall, according to The Information. The device features six microphones and a side button for activating Meta AI, and could be unveiled at the Connect conference next week.
Meta Platforms has launched Meta One, a subscription service offering enhanced AI capabilities and more than 50 features across Instagram, Facebook and WhatsApp. Monthly plans start at US$2.99 for single products and rise to US$14.99 for creator and business bundles. The service has already attracte
Two NUS professors have asked to be removed from the acknowledgements of a working paper alleging civil servants bought homes near unannounced MRT stations. The paper, published by the National Bureau of Economic Research, claims evidence of informed trading by public officials. The Public Service D
Fujifilm Corp. has unveiled two new instax products: the Pal 2 palm-top digital camera and the Link WIDE 2 smartphone printer. Both devices will go on sale in Japan next month, with a Philippine release expected after a local teaser. The Pal 2 features a 10-megapixel sensor and upgraded design.
Forbes’ real-time data ranks Philip and Robert Ng of Far East Organization as Singapore’s wealthiest property billionaires, with net worths of US$7 billion and US$6.9 billion. Hotel tycoons Ji Qi, Choo Chong Ngen and Asok Kumar Hiranandani round out the top five.
Malaysian developer Eco World Development Group has submitted the highest bid of S$208.1 million for a 99-year leasehold residential site at Lorong Puntong/Sin Ming Avenue in Singapore's Bishan area. The bid, at S$1,612 psf ppr, was 11.1% above the second-highest offer and exceeded analysts' forecas
A five-room flat at Pinnacle@Duxton in Cantonment Road has had its Option to Purchase exercised at S$1.72 million, which would make it Singapore's second-highest HDB resale price. The deal is S$8,000 below the national record of S$1.728 million set at City Vue @ Henderson in April 2026.
JPMorgan will launch its GBI-EM Edge frontier market local currency government bond index by end-September, covering 26 countries and tracking nearly US$330 billion of debt. The new benchmark includes Egypt, Vietnam, Morocco, Kazakhstan, Bangladesh, Pakistan, Nigeria and Sri Lanka, with nominal yiel
Far East Organization, controlled by Singapore's third-richest billionaires, has sold a freehold site at 134 Watten Estate Road for S$66 million, or about S$2,266 psf. The buyer is boutique developer Aurum Land, a subsidiary of Woh Hup Group.
Anthropic CEO Dario Amodei has urged AI companies to moderate the pace of model advancement, proposing a three-step framework to slow development and create more time to manage associated risks.
Construction of Singapore's North-South Corridor has entered its most technically demanding phase, with tunnelling taking place as close as 1m beneath the operational North-South Line at Novena. The Land Transport Authority said ground conditions have been more challenging than expected, requiring a
AI startup Discovery Loop is targeting a US$50 billion valuation in its latest fundraising, Business Insider reports. The California-based company, founded by former Google AI leaders including Jeff Dean, was reportedly valued at around US$10 billion in discussions last month.
The Ministry of Education will increase Phase 2C places to 60 per school from next year, reducing alumni priority under Phase 2A. Alumni parents express disappointment and worry, while experts say the changes signal a decisive narrowing of legacy advantages for greater social mixing.
Amara Holdings has put its 140-room Sentosa hotel on the market at an indicative S$158 million, nearly double its 2025 valuation. Jones Lang LaSalle and Knight Frank are running the expression-of-interest exercise until 1 Oct.
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