Industry News

Cushman & Wakefield has announced the sale by tender of a prime freehold residential redevelopment site on Dublin Road, District 9, Singapore, valued at $49.8m. This exclusive opportunity, comprising three adjoining plots, offers potential for a boutique residential project in one of the city’s most sought-after areas.

The site, currently hosting mid-1950s semi-detached houses, spans 1,850.5 sq m and is zoned “Residential” under the draft Master Plan 2025. With a plot ratio of 1.4, it allows for a maximum gross floor area of 2,590.7 sq m and a building height of up to five storeys. Notably, the site is exempt from the 85 sq m minimum dwelling size requirement, enabling the development of approximately 50 flat units, subject to approval.

Located off Killiney Road, the area combines low-rise homes with modern high-rise flats, offering a blend of charm and convenience. Future residents will benefit from the nearby $3b Comcentre redevelopment, which will include dining, healthcare services, and premium office spaces.

The site is within walking distance of Orchard Road’s shopping belt and Somerset MRT Station, with several reputable schools nearby. Shaun Poh, Executive Director of Capital Markets at Cushman & Wakefield, highlighted the site’s potential for upscale urban living and short-term accommodation, anticipating strong interest from investors and developers.

The tender closes on 29 October 2025.

GROW with Singlife, an integrated investment platform under the Singlife Group, has launched an upgraded platform in collaboration with InvestCloud, a global leader in wealth management technology. This development aims to enhance the adviser-client experience in Singapore by equipping financial advisers with advanced tools for personalised advice and streamlined servicing.

The enhanced platform represents a significant step in GROW’s strategy to scale wealth solutions. Jonathan Ong, Head of Technology at GROW, stated, “Our focus is to help our advisers deliver comprehensive and personalised insights to connect more deeply with their clients.” The platform allows advisers to offer tailored services at scale, whilst clients benefit from a more transparent and seamless experience.

Key features of the platform include seamless client onboarding, intuitive dashboards for client-centric insights, and multifund switch functionality for efficient portfolio adjustments. Clients can also enjoy expanded mutual fund trading options and personalised trading journeys, enhancing their control and confidence over their wealth management.

Jeff Yabuki, Chairman and CEO at InvestCloud, commented, “GROW with Singlife’s intuitive platform is helping advisers seamlessly manage investments whilst driving high-quality, differentiated financial outcomes for their clients.”

The platform’s transformation aims to optimise every aspect of the adviser-client journey, leveraging InvestCloud’s advanced technology to deliver curated portfolio solutions and exclusive investment products. This initiative underscores GROW’s commitment to providing a differentiated wealth planning journey for its clients.

iShopChangi has launched ‘Scroll Stoppers’, a new shopping experience designed to transform endless browsing into meaningful discovery. Available until 31 October 2025, this feature offers travellers and non-travellers alike the opportunity to explore handpicked, tax-absorbed, and duty-free deals across categories such as beauty, tech, and spirits. The initiative aims to streamline the shopping process by providing curated selections tailored to individual shopping needs, allowing users to save more without the hassle of endless scrolling.

The ‘Scroll Stoppers’ experience promises savings of up to 60% on popular brands like SK-II, Dyson, and Coach. Customers can take advantage of stackable promo codes, including discounts of 12% to 20% based on minimum spend thresholds. For instance, non-travellers and travellers can use codes like STOP12 for 12% off with a minimum spend of S$150, whilst travellers can enjoy 20% off with STOP20 for purchases over S$700.

In addition to significant savings, iShopChangi offers exclusive gift-wrapping services and On-Demand Delivery, ensuring orders arrive within two hours for a fee of S$10, or free for orders over S$200. The platform also introduces ‘Wonder Wednesdays’, featuring flash vouchers for midweek savings.

iShopChangi, launched in 2013, continues to enhance its offerings, providing access to over 30,000 products from 900 brands. The platform’s latest feature, ‘Scroll Stoppers’, is part of its ongoing effort to offer greater convenience and value to its users.

The Singapore Exchange (SGX) has announced the listing of the LionGlobal Short Duration Bond Fund (Active ETF SGD Class), the country’s first actively managed bond exchange-traded fund (ETF). This innovative financial product combines the flexibility of an ETF with the proven track record of an active fund manager, offering investors a new tool for portfolio diversification.

Managed by Lion Global Investors, the ETF is a share class of the LionGlobal Short Duration Bond Fund, originally launched in 1991. The fund aims to achieve total returns through capital growth and income by investing in a diversified portfolio of high-quality short-term bonds from both Singapore and global issuers. Available in both SGD and USD under the SGX codes SBO and SBV, the ETF caters to a broad range of investor needs.

Ng Yao Loong, Head of Equities at SGX Group, highlighted the significance of this listing, stating, “This listing reflects the growing investor demand for differentiated fixed income solutions and marks a new chapter in the evolution of our ETF market.” Chu Toh Chieh, Head of Fixed Income and Multi-Asset Solutions at Lion Global Investors, noted the fund’s success, revealing that the assets under management (AUM) have surpassed S$2 billion, with S$141.3 million raised during the Initial Offer Period.

The launch comes at a time of increasing interest in active ETFs globally, with such funds outnumbering passive ETFs in the US for the first time in June 2025. With this addition, SGX now hosts 50 ETFs, with combined AUM exceeding S$16b.

Singapore’s Central Business District (CBD) Grade A office rents have surged by 1.3% quarter-on-quarter, reaching S$11.83 per square foot in Q3 2025, according to JLL. This marks the most significant growth in six quarters, largely due to the inclusion of IOI Central Boulevard Towers in the rental basket. Despite this uptick, JLL anticipates that rental growth will remain modest for the remainder of the year, with a more pronounced increase expected in 2026 as supply tightens.

The addition of IOI Central Boulevard Towers was a key factor in the rental increase, although underlying growth remained below 1% for the sixth consecutive quarter. Dr Chua Yang Liang, Head of Research and Consultancy for JLL Southeast Asia, noted that the office market’s resilience is supported by strong economic fundamentals and a favourable interest rate environment. The demand for office space is bolstered by sectors such as artificial intelligence, fintech, and technology.

Andrew Tangye, Head of Office Leasing and Advisory for JLL Singapore, highlighted the diverse demand from sectors including AI, fintech, and professional services. Notable companies expanding in Singapore include Ripple, Jane Street, Zoom, and Odgers.

Whilst economic conditions have been better than expected, Dr Chua warns of potential challenges due to evolving trade conditions and geopolitical uncertainties. These factors could impact companies’ decisions to relocate to higher-quality office spaces.

Looking ahead, JLL expects office rents to accelerate in 2026, driven by a tightening supply pipeline and increased competition for premium spaces. Tangye observed genuine leasing activity at Keppel South Central and Shaw Tower, with large corporate occupiers showing interest in future projects. As vacancy rates tighten, rental rates may exceed some tenants’ budgets, intensifying competition for desirable locations.

A recent survey by T. Rowe Price, a global asset management firm, has revealed a significant shift in retirement preferences among Singaporeans, with 70% of respondents opting for retirement based on personal plans rather than a fixed statutory age. Conducted in July 2025, the survey polled 1,000 Singapore residents aged 18 and above, uncovering a strong inclination towards flexible retirement approaches.

The survey highlighted that 68% of working Singaporeans favour flexible retirement models, such as micro-retirement and unretirement. Micro-retirement, which involves taking short, intentional breaks between careers, is gaining popularity, with 72% of respondents supporting it. Key motivations include maintaining work-life balance, relieving work pressure, and pursuing personal interests. Unretirement, the concept of returning to work post-retirement, is also widely supported, with 74% citing staying mentally active as a primary motivation.

Despite the interest in flexible retirement, the survey found that many Singaporeans lack sufficient investment planning. Two-thirds of respondents are unfamiliar with available retirement products, and 30% of those preferring flexible retirement feel unprepared to achieve their ideal retirement. Thomas Poullaouec, Portfolio Manager at T. Rowe Price, emphasised the importance of financial education and investment strategies that balance growth and stability.

Glen Lee, Head of Asia ex Japan Intermediary Distribution at T. Rowe Price, noted that whilst Singaporeans are embracing flexible retirement models, many remain uncertain about achieving their goals due to challenges like longevity risk and market volatility. The firm aims to advance retirement education and provide solutions to empower Singaporeans in tailoring their retirement journeys.
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Central Singapore Community Development Council (CDC) and UOB have announced a pioneering partnership to enhance the financial wellbeing of residents through a district-wide initiative. Launched on 27 September, the collaboration combines the CDC’s community networks with UOB’s financial expertise to make financial literacy accessible and practical for everyday life.

The initiative introduces a unique approach to financial health, focusing on three main components: the UOB Financial Health Check, ongoing financial literacy content, and life-stage-based Financial Fitness Workshops starting in January 2026. The programme was unveiled at the Financial Fitness Festival at United Square shopping centre, where residents engaged in interactive zones covering savings, insurance, investing, and legacy planning.

Denise Phua, Mayor of Central Singapore District, emphasised the importance of financial wellness, stating, “Just as we invest in our physical health, we must proactively build our financial wellness.” Janet Young, UOB’s Group Head of Channels and Digitalisation, added, “This initiative is not just about managing money; it’s about empowering individuals with the knowledge and habits to secure their financial future.”

Residents can now access the UOB Financial Health Check online, which provides a personalised report based on savings, insurance, investing, and legacy planning. From January 2026, workshops tailored to different life stages will be offered at no cost, aiming to reach over 1,000 residents in 2026.

To support ongoing education, UOB will provide regular financial literacy articles through CS CDC’s outreach channels, offering practical tips on managing finances effectively. This partnership aims to instil financially healthy habits that benefit individuals and families long-term.

The Aramco STEM Racing World Finals 2025, supported by Formula 1, is set to take place at Resorts World Sentosa, Singapore, from 27 September to 2 October. This prestigious event will see 83 student teams from 34 countries compete for the coveted title of Aramco STEM Racing World Champions 2025. The competition, formerly known as F1 in Schools, is the largest and most ambitious edition to date, drawing over 1,000 participants, including students, educators, and industry experts.

Participants will showcase their skills by designing, engineering, and racing scale-model Formula 1 cars, powered by compressed air cylinders. Each team will undergo a rigorous scrutineering process, akin to a real Grand Prix, to ensure compliance with competition regulations. Andrew Denford, Founder and Chairman of STEM Racing, expressed excitement about the event, stating, “It’s our biggest field of teams and even at this early stage it’s evident that we are set for the most competitive event that we’ve ever held.”

This year’s finals introduce a new four-lane racing track, allowing four cars to race simultaneously, enhancing the competition’s intensity. Teams will also create pit displays, showcasing their engineering, branding, and innovation journeys, transforming the venue into a vibrant pit lane.

The event will culminate in an awards ceremony on 1 October, followed by a unique opportunity for participants to experience the Formula 1 Singapore Grand Prix 2025. The competition is supported by key partners, including Aramco, Denford, and the Singapore Tourism Board, among others.

Singapore has been successfully re-elected to the Council of the International Civil Aviation Organisation (ICAO) during the 42nd Session of the ICAO Assembly in Montréal, Canada, on 27 September. The Singapore delegation was led by Jeffrey Siow, Acting Minister for Transport and Senior Minister of State for Finance.

The ICAO Council is a governing body responsible for setting standards and regulations necessary for aviation safety, security, efficiency, and environmental protection. Singapore’s re-election ensures its continued participation in these critical discussions, reflecting its strategic importance in the aviation industry.

The Singapore delegation included key figures such as Lau Peet Meng, Permanent Secretary of the Ministry of Transport, and Han Kok Juan, Director-General of the Civil Aviation Authority of Singapore. Their presence highlights the nation’s commitment to maintaining its leadership role in global aviation.

Looking ahead, Singapore aims to leverage its position on the ICAO Council to further contribute to the development of international aviation standards and practices. This re-election marks a significant milestone in Singapore’s ongoing efforts to support and enhance the global aviation landscape.

SingAuto, a leading cold chain logistics technology firm based in Singapore, has successfully closed a funding round exceeding US$50m. This capital injection aims to accelerate the company’s global expansion, enhance localised assembly operations in international markets, and advance research and development for next-generation refrigerated electric vehicles (EVs).

Key investors in this funding round include GSR Vision Capital, Delu Capital, Bank of China Asset Management Singapore, and BBG Global. MVGX Tech and Startech Global Ventures are also participating as both investors and strategic partners, offering synergies to support SingAuto’s technological innovation and global reach. The milestone was celebrated with a Strategic Investment Signing Ceremony at the Fullerton Hotel in Singapore, attended by government representatives and financial institutions.

Chris Chen, co-founder of SingAuto, expressed confidence in the company’s vision, stating, “The success of our latest financing round—which exceeded US$50 million—is a powerful testament to the potential of our vision and our team.” He emphasised the company’s strong position to execute its global market strategy, including establishing localised assembly operations and accelerating R&D for next-generation vehicles.

A spokesperson from GSR Vision Capital highlighted the importance of cold chain logistics in ensuring food safety and pharmaceutical integrity. “SingAuto’s innovative model combining advanced EV technology with scalable cold chain solutions positions it strongly to capture growth opportunities in Asia and beyond,” they said.

During the ceremony, a roundtable discussion explored themes such as the role of finance in scaling cold chain innovation, the importance of strategic capital, and the integration of sustainable practices in decarbonising logistics. This funding round marks a significant step for SingAuto as it aims to become the world’s leading cold chain technology company.