Private home prices in Singapore bounced to a five-year high in the second quarter of this year, reported the Urban Redevelopment Agency (URA) on July 1.
Singapore (VNA) - Privatehome prices in Singapore bounced to a five-year high in the second quarter of thisyear, reported the Urban Redevelopment Agency (URA) on July 1.
The private residentialproperty index rose 1.3 percent to 150.5 points, the highest since thefirst quarter of 2014. The figure fell by 0.7 percent in the first quarter.
Prices ofnon-landed private residential properties rose by 1.5 percent in the CoreCentral Region (CCR) compared to a 3 percent fall in the previous quarter.
Head ofOrangeTee & Tie research and consultancy Christine Sun said the uptrend iswithin expectation as new homes sales currently form the lion's share of theproperty market and many new projects are selling at new benchmark prices fortheir locations in recent months.
Severaleconomists said underlying demand isstill very resilient despite the cooling measures issued by the government lastyear.
OrangeTee& Tie forecast that home prices will increase by 1-3 percent this year.
CBRE's headof research for Singapore and Southeast Asia Desmond Sim forecast thathousing market will remain stable in mid and long-term.-VNA
The Singapore economy is likely to end the year weaker than earlier expected in the context that the ongoing tension between the US and China has stalled three of the world’s growth engines — trade, manufacturing and investments, warned Monetary Authority of Singapore (MAS) Managing Director Ravi Menon on June 27.
A new framework to facilitate data sharing between organisations has been introduced by the Singaporean Government, as a means to increase trust in Singapore’s digital economy.
Young officers of the Vietnam People’s Army (VPA) and the Singapore Army gathered at an exchange in Hanoi on July 1 to share experience and enhance exchange and mutual trust.
The Ministry of Commerce reported that imports also rose 18% to 29.9 billion USD during the same period, resulting in a trade surplus of 1.1 billion USD. In May alone, Thailand posted a 4.6 billion USD trade surplus with the US and a 4.1 billion USD trade deficit with China.
The World Bank will provide a 2.1 billion USD financing package for Indonesia, focusing oncreating jobs, stimulating economic growth, and enhancing access to clean energy across the country.
Member states also reviewed progress on six priority areas for 2025, including the development of an underground cable framework, the follow-up agreement to the ASEAN Petroleum Security Agreement (APSA), the launch of the ASEAN Energy Efficiency Database, and the rollout of an investment platform for sustainable building initiatives.
In March, Thai Prime Minister Paetongtarn Shinawatra met with Formula 1 chief Stefano Domenicali and said Thailand would commission a feasibility study into hosting a Grand Prix on a Bangkok street circuit from 2028.
The proposed giant sea wall aligns with bilateral cooperation and has been designated a national priority, considering that several regions in Indonesia are experiencing land subsidence of 10–15 centimetres per year.
International flights were cancelled including Jetstar and Virgin Australia flights to cities across Australia, and flights of Air India, Air New Zealand, Singapore's TigerAir and China's Juneyao Airlines.
The partnership aims to strengthen collaboration in the exploration and exploitation of mineral resources, including gold, copper, and manganese, as well as in the development of steel, aluminum, and renewable energy industries.
The Thai cabinet has approved a seven-year EV bus leasing scheme proposed by the Bangkok Mass Transit Authority (BMTA) for the capital, with an estimated cost of 15.35 billion THB (over 470 million USD).
Aircraft are prohibited from flying below 6,000 metres in the vicinity of the volcano, and should also remain alert to the presence of volcanic ash, which can disrupt flights.
Laos declared the transfer of the press management functions of five key media agencies and associated personnel to the Propaganda and Training Board of the Lao People's Revolutionary Party Central Committee.
Univers said in a statement that the new centre will serve as a hub for innovation, bringing together digital intelligence and climate ambition to accelerate Sarawak's transition toward a low-carbon, tech-enabled economy.
The target is to be completely free from plastic waste within two years. This can only be achieved if all parties implement the initiative with strong discipline.
Indonesia is taking new steps to improve protections for fishery workers, amid concerns over low wages, harsh working conditions, and limited access to social welfare.
The 2025 ASEAN- the Republic of Korea (RoK) Connectivity Forum that opened in Jakarta on June 17 reaffirmed a shared commitment to shaping a connected, resilient future by advancing the ASEAN Connectivity Strategic Plan.
The desk will serve as a service centre providing market intelligence, business licensing guidance, facilitating business cooperation, identifying potential investment projects, and harmonising regulatory policies between the two parties.
Malaysian Prime Minister Anwar Ibrahim noted that the Asia-Pacific region accounted for half of global energy consumption and 60% of greenhouse gas emissions in 2024. Despite this, regional countries, including eight of ten ASEAN member states, remain committed to climate goals, including net-zero emissions and tripling global renewable capacity by 2030.
Illustrative image (Source: straitstimes) 
