Singapore

Tampines Resale Flat Sells for Just S$100,000: An Analysis of This Market Anomaly In an eye-opening transaction that has sparked widespread conversation, a four-room flat in central Tampines, Singapore was sold for a mere S$100,000 (RM351,271), a price significantly lower than typical market rates. This sale, completed in January, involved a unit at Block 860A Tampines Avenue 5 with a remaining lease of...

Johor Sets a Green Standard with New Cross-Border Electric Bus Service to Singapore Johor has marked a significant milestone in its environmental initiatives by becoming the first state in Malaysia to introduce a cross-border electric bus service, connecting with Singapore. This development underscores Johor's commitment to sustainable transport solutions and sets a new standard for regional collaboration...

The imminent leadership transition in Singapore from Prime Minister Lee Hsien Loong to his deputy Lawrence Wong is set to mark a new chapter in Singapore-Malaysia relations, particularly in trade and investment dynamics. This shift comes at a time when regional economic frameworks are increasingly under scrutiny due to global economic challenges. Prime Minister Lee Hsien Loong, who has been at the helm...

As global economic dynamics shift, Malaysia is positioning itself as a premier destination for multinational corporations (MNCs) seeking alternatives to Singapore's escalating operational costs. Economists are taking note of Malaysia's strategic efforts to attract these corporations, particularly from Japan, as they diversify their regional headquarters locations in response to Singapore's rising...

In the realm of economic development, collaboration and innovation often pave the path to progress. Singapore and Malaysia, two neighboring nations with a history of economic synergy, are now embarking on a journey to enhance their Special Economic Zone (SEZ) ecosystem. This collaborative endeavor aims to determine the future focus of the SEZ, bringing with it a promise of economic growth and prosperity...

During an informal bilateral discussion with Singapore's Prime Minister, Lee Hsien Loong, Malaysia's Prime Minister, Datuk Seri Anwar Ibrahim, raised the topic of the Johor-Singapore Special Economic Zone. Anwar was in Singapore for a one-day working visit, which included his participation in an invitation from the Milken Institute to provide insights on how Malaysia can attract foreign investment. Prime...

Malaysia's Local Government Development (KPKT) Minister, Nga Kor Ming, conducted an official three-day visit to Singapore to enhance bilateral cooperation between the two neighboring countries. The visit aimed to strengthen the close ties between Malaysia and Singapore, recognizing the latter as an important neighbor and friend. Both countries aim to foster mutual cooperation for the benefit of their...

Resorts World Sentosa (RWS), under the Genting Group, is anticipated to reap the rewards of the resurgence in Chinese travelers, a positive trend for Singapore's integrated resorts. Industry publication Inside Asian Gaming (IAG) reported that the upswing in Chinese tourist numbers presents a promising outlook for both RWS and Marina Bay Sands, which reported robust financial performance in the second...

The government is levying higher ABSD (Additional Buyers' Stamp Duty) rates, in a bid to cool the property market that remains firm even with a dimmer economic outlook. “The revisions to the ABSD rates to help moderate investment demand will complement our efforts to ramp up supply, to alleviate the tight housing market for both owner-occupation and rental,” says the Ministry of Finance, Ministry...

The proposal to streamline border control processes at the Malaysia-Singapore border through a single entry point will be presented to Cabinet, before being brought for further deliberation between the leaders of the two countries. Deputy Prime Minister Datuk Seri Fadillah Yusof said the proposal was discussed in a cross-ministerial special committee to address congestion issues at the Johor Causeway...