Singapore: HDB resale and BTO, private launches and developer sales, government land sales, en bloc, and the cooling measures that move them.
City Developments Ltd sold 350 of 570 units at its Lucerne Grand condo in Lakeside over the launch weekend, achieving an average price of S$2,480 psf. Singaporeans made up 93 per cent of buyers, with two-bedroom and four-bedroom units the top sellers.
Four master tenants at Punggol East and Tebing Lane will be offered lease extensions of up to a year, potentially allowing businesses to stay until end-2027. The extension follows a review by agencies after more than 50 tenants at the Punggol East container park were told to cease operations by Oct
Marina Bay Sands has extended its lead over Genting Singapore, capturing an estimated 81% of Singapore's gaming market in 2025, according to analysts. Despite a stronger-than-expected second quarter, Genting Singapore's Resorts World Sentosa continues to lose share, though some observers believe los
Frasers Property and Mitsubishi Estate have formed a joint venture to develop a luxury mixed-use project on the Valley Point site in River Valley. The project will have a maximum gross floor area of 54,309 sq m and include 184 Frasers Suites serviced residences, with completion scheduled for 2031.
Unwed parents in Singapore are adopting their own biological children to formalise their legal status and access benefits such as HDB flats, tax reliefs and inheritance rights. Mothers describe a lengthy, costly process costing up to S$7,000 and lasting 18 months, with many questioning why they must
The Johor Bahru-Singapore RTS Link will begin passenger services in February 2027, after system tests and trial runs are completed by the end of this year. The revised timeline follows a 16-year project history marked by suspensions and delays, with the latest announcement made on Oct 2.
Citi Research, DBS Group Research, RHB and CGS International have kept their ‘buy’ or ‘add’ ratings on CDL after the developer unveiled a three-year roadmap. The plan targets S$6 billion in asset sales and S$5 billion in new investments, though shares have fallen about 10% since the announcement.
Luxury cruising is shifting toward intimate, yacht-like vessels as Four Seasons, Orient Express, Explora Journeys and Regent Seven Seas launch new ships in 2026. The vessels offer more space, privacy and personalised experiences, with fares starting from US$4,340 per person for seven nights.
The Republic of Singapore Navy has launched Sentinel, the first of four new Sentinel-class offshore patrol vessels, at a ceremony in Germany. Built by Fassmer under a MINDEF contract, the 2,700-tonne vessels will replace existing Maritime Security and Response Vessels and be progressively delivered
IOI Properties Group has proposed acquiring Shenton 101, owner of Singapore's Shenton House, from group CEO Datuk Lee Yeow Seng for S$217.06 million. The deal includes repayment of shareholder advances and paves the way for a S$1.61 billion redevelopment.
General Motors remained the top US auto seller in Q3 2026 despite a 5.5 per cent sales dip, but Toyota Motor narrowed the gap as soaring gasoline prices pushed buyers toward hybrids. Cox Automotive expects Asian brands including Toyota and Honda to account for over half of new vehicle sales in the p
The first executive condominium tender under tightened rules has drawn a record S$825 psf ppr bid for a Canberra Drive site, beating the previous high of S$794 psf ppr. The 13-bid tender closed on 1 Oct 2026, with a joint bid from SNC3 Realty, HS Invesco and Kay Lim Realty topping the field at S$163
A group of 30 multilateral development banks and finance institutions has launched new joint methodologies to measure and increase capital mobilisation to emerging markets. The guidelines, backed by the G20, aim to capture innovative financial tools such as collateralised loan obligations and signif
Bankers and asset managers are pushing back on Nvidia's plan to use its advanced chips as long-term collateral for a US$500 billion financing initiative. Lenders want stronger guarantees, arguing the chips may not hold value for the decade Nvidia claims, and are seeking more certainty in deal struct
Japan's biggest power generator JERA has signed an MoU with Dell Technologies and UK-based RHAELM to develop a standardised framework for AI infrastructure, starting with a US$15 billion hyperscale data centre in Chiba. The facility will deliver 400 MW of capacity in phases from 2028, with JERA supp
A new digital portal for refund requests under Singapore's beverage container return scheme (BCRS) goes live from 1 Oct, cutting refund processing time from 30 to 10 working days. The portal starts with SG Recycle machines in the north and west before expanding islandwide, as the scheme enters full
Singapore's HDB resale market recorded a median price of S$650,000 in September 2026, up 2.4 per cent from the previous month. Transaction volume fell 10.8 per cent to 2,248 units, with 9.3 per cent of sales at or above S$1,000,000.
Flash estimates from HDB show resale prices fell 0.2 per cent quarter-on-quarter in Q3 2026, the third consecutive decline. Transaction volumes rose 5.2 per cent year-on-year to 7,528 deals, and HDB said it has not seen a spike in buying by former private property owners since the removal of the 15-
ElevenLabs has completed a US$300 million employee tender offer that values the AI voice generation startup at US$22 billion, double its February valuation. The deal, led by Wellington and T. Rowe Price, provides liquidity to staff and early investors as demand for AI voice agents surges.
Singapore's government has released a 99-year leasehold private housing site on East Coast Road in Siglap, the first such tender in the area in a decade. Analysts forecast bids of S$1,450 to S$1,650 per square foot, potentially topping the suburban land price record set in September.
Apple plans to enter the smart-home hub market on 13 Oct with a device code-named J490, according to Bloomberg News. The company will also unveil an updated HomePod mini and a new TV set-top box. The hub will feature a 6-inch display and personalized user recognition.
Samuel Tan, a 20-year-old Ngee Ann Polytechnic graduate, won bronze in digital construction at the WorldSkills Competition in Shanghai, Singapore's first medal in the category. His win contributed to Singapore's best-ever showing with 27 awards at the biennial event.
More than 1 million Singaporean HDB households will receive Service & Conservancy Charges rebates and double U-Save rebates in October 2026, worth up to S$190 and one month of S&CC respectively. The rebates are part of the permanent GST Voucher scheme and the second support package for the Middle Ea
A 77-year-old woman died after a fire broke out at a sixth-floor HDB flat at Block 126 Pending Road, Bukit Panjang, on 28 Sep 2026. The Singapore Civil Defence Force extinguished the fire and evacuated about 70 people; a 62-year-old man was taken conscious to hospital.
Singapore-listed developer City Developments Ltd (CDL) announced a new strategy called GET+ on Monday, including setting up a dedicated fund management entity. The group aims to double assets under management to S$10 billion by 2029 and outlined plans to divest S$6 billion of assets and deploy S$5 b
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
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