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Yahoo
30-04-2025
- Business
- Yahoo
Apac records US$36.3 bil in 1Q2025 commercial real estate investment: JLL
Data compiled by JLL indicates that Apac commercial real estate investments totalled US$36.3 billion ($47.7 billion) last quarter, rising 20% y-o-y (Picture: Samuel Isaac Chua/The Edge Singapore) Commercial real estate investment in Asia Pacific (Apac) has hit a new first-quarter high since the 2022 rate hike cycle, according to research by real estate consulting firm JLL. Data compiled by the company indicates that Apac commercial investments totalled US$36.3 billion ($47.7 billion) last quarter, rising 20% y-o-y. This is the sixth consecutive quarter of y-o-y growth, says JLL. 'The continued growth in Asia Pacific commercial real estate investment is a testament to the region's strong fundamentals and attractiveness to global capital," adds Stuart Crow, CEO, Asia Pacific Capital Markets, JLL. The investment volume in 1Q2025 was supported by US$8.6 billion in cross-border investments. This represents a growth of 152% y-o-y and the highest 1Q Apac cross-border volumes since 2019, according to JLL. Read also: Singapore's real estate market remains 'resilient' despite 7.3% q-o-q drop in investment deals in 1Q2025: Colliers Japan was the highest contributor to 1Q2025 investment volumes at US$13.7 billion, reflecting a spike of 20% y-o-y. South Korea came in second with US$6.8 billion in investments (up 58% y-o-y), followed by Australia at US$3.9 billion (up 30% y-o-y). Meanwhile, Singapore posted US$2.2 billion in 1Q2025 commercial investments, rising 16% y-o-y. Looking ahead, Crow views that tariff-induced market volatility may result in a temporary pause on large deal activity. However, he expects investors with a long-term horizon to continue investing in Apac commercial real estate, which remains relatively insulated from short-term fluctuations. 'We continue to be of the opinion that the Apac region will be a net beneficiary of cross-border capital flows,' he says. Still, Apac countries are expected to be detrimentally impacted by US tariffs, with US-export reliant markets such as Vietnam, Malaysia and South Korea expected to be hit the hardest. Amid lower growth expectations and recession fears, leasing and investment across all commercial real estate sectors could be affected, says JLL. Pamela Ambler, JLL's head of investor intelligence for Apac, notes that US-reliant markets in Asia may face depreciation pressures ahead due to the weakening of the US dollar brought about by a pessimistic US growth outlook. Ambler adds that such pressures could have a knock-on effect in the real estate market, making assets cheaper for regional and global investors investing with US dollars. 3% q-o-q drop in investment deals in 1Q2025: Colliers Real estate investment sales fall 31.8% in 2023 amid tepid market: Knight Frank $4 billion of investments recorded in 1Q2023; lowest quarterly volume since 4Q2020: Colliers En Bloc Calculator, Find Out If Your Condo Will Be The Next en-bloc HDB Resale Flats Up For Sale, Affordable Units Available
Independent Singapore
28-04-2025
- Automotive
- Independent Singapore
ST Engineering bags S$4.4B in new contracts for Q1 2025, boosted by defence and public security and commercial aerospace deals
SINGAPORE: Singapore Technologies Engineering (ST Engineering) secured S$4.4 billion in new contracts in the first quarter of 2025 (Q1 2025), mainly due to its commercial aerospace segment and defence and public security segment. Of this, S$1.3 billion came from the group's commercial aerospace segment, which included deals under its maintenance, repair, and overhaul (MRO) and aerostructures and systems (A&S) divisions. According to The Edge Singapore, this included several MRO contracts, such as a three-year agreement with an Asian airline for Boeing 787 reconditioning and exchange services. It also landed multi-year contracts for maintaining LEAP-1A engines with airlines in the Middle East and Asia. In its A&S division sub-segment, ST Engineering received orders for engine nacelles and composite floor panels, benefiting from the growing production of new aircraft. The defence and public security segment brought in the largest share, securing about S$2.7 billion in contracts. One of the deals was a S$200 million contract with Home Team Science & Technology Agency (HTX) to implement an island-wide public camera system for better real-time monitoring and faster responses to incidents. The group also secured contracts for cyber solutions and advanced encryption products, cloud-based security services, and an artificial intelligence (AI)-enabled cybersecurity system for critical infrastructure in the energy sector. The urban solutions and satellite communications (satcom) segment added S$0.5 billion through contracts for smart mobility, including rail electronics solutions for the Cross Island Line and mobile network upgrades for the Downtown Line. It also landed contracts to provide managed services for several car parks in Singapore. Meanwhile, its tolling business received new contracts for electronic road tolling, maintenance, and back office solutions. ST Engineering's smart utilities and infrastructure division also secured contracts to roll out integrated smart security management solutions for the city-state's public sector customers. Its satcom business won ground infrastructure contracts supporting the aviation, maritime, government, and defence sectors across multiple regions. Earlier in March, the group's shares jumped over 2% after announcing a higher dividend policy. In a bourse filing, the group stated that it plans to pay four cents per share for the first three quarters of FY2025 and a final dividend of six cents, totalling 18 cents. /TISG
Yahoo
20-02-2025
- Business
- Yahoo
Budget 2025: Over 50,000 new HDB flats to be launched in the next three years
The flats will be launched in estates including Woodlands, Bayshore and Mount Pleasant (Picture: Samuel Isaac Chua/The Edge Singapore) More than 50,000 new HDB flats will be launched over the next three years, announced Prime Minister and Finance Minister Lawrence Wong in his Budget speech on Feb 18. The flats will be launched in housing estates islandwide, including in Woodlands, Bayshore and Mount Pleasant. The pipeline comes as part of the government's efforts to keep public housing affordable and accessible, he says. Last year, more than eight in 10 first-timer families that collected keys to their BTO flats were able to service their mortgage loans with little or zero out-of-pocket cash. 'To put it in perspective, this is a level of affordability that residents in other major cities like London, Sydney and Hong Kong do not enjoy,' Prime Minister Wong adds. Addressing concerns among homebuyers on higher prices of resale flats, Prime Minister Wong says the government's cooling and supply measures will eventually help to stabilise the resale market. Meanwhile, HDB will be launching 3,800 flats this year with a waiting time of less than three years, providing options for buyers seeking flats with shorter waiting times. Read also: Budget 2025 allocations for R&D infrastructure, enterprise growth could give a boost to industrial and office real estate demand: JLL In addition, a second Sale of Balance Flats (SBF) exercise will be held later this year, following the first one in February where 5,590 SBF units were launched for sale, making it the largest SBF exercise to date. Eugene Lim, key executive officer at ERA Singapore, notes that the announcement of the 50,000 flats, while not new, reaffirms the government's intentions to boost BTO supply to meet housing demand. HDB had already announced in January that 50,000 flats will be launched between 2025 to 2027, contributing to the planned total of 130,000 flats launched from 2021 to 2027. Nevertheless, while the higher BTO supply could help ease demand, Lim believes it will take 'some time' for HDB price growth to slow to a more sustainable price. 'While these initiatives are welcome, this ramp-up in BTO supply may not be able to meet immediate housing needs,' he says, adding that the flats are also likely to be launched in phases. Check out the latest listings for HDB properties 3 million for a 13-year old five-room flat in Toa Payoh En Bloc Calculator, Find Out If Your Condo Will Be The Next en-bloc HDB Resale Flats Up For Sale, Affordable Units Available
Yahoo
19-02-2025
- Business
- Yahoo
Singapore can expect spending to rise to 20% of GDP by 2030: PM Wong
Wong says he expects to end with a surplus of $6.4 billion or 0.9% of Singapore's GDP. Prime Minister Lawrence Wong warned that Singapore's expenditure will continue to increase due to its need to invest more in workers and to better support a rapidly ageing population. At Budget 2025 on Feb 18, Wong noted that government spending had risen steadily over the years from 15% of the country's GDP to 18%. Based on historical trends, Singapore can expect its spending to increase to 20% of its GDP by 2030. There may also be added pressure to raise the country's spending possibly at a pace that exceeds previous increases, Wong adds. In FY2024, however, Wong, who double hats as Singapore's Finance Minister, says he expects to end with a surplus of $6.4 billion or 0.9% of Singapore's GDP. He expects Singapore to be in a similar fiscal position of $6.8 billion, or 0.9% of Singapore's GDP, in FY2025. Follow the market's reaction to Budget 2025 on The Edge Singapore. 53% higher at new all-time high after Budget 2025 Read more stories about where the money flows, and analysis of the biggest market stories from Singapore and around the World Get in-depth insights from our expert contributors, and dive into financial and economic trends Follow the market issue situation with our daily updates Or want more Lifestyle and Passion stories? Click here
