Industry News

Singapore’s private residential property market has demonstrated resilience in Q2 2025, with prices rising by 0.5% quarter-on-quarter (qoq), according to flash estimates from the Urban Redevelopment Authority (URA). This growth, although slower than the 0.8% increase in Q1 2025, comes amidst global economic uncertainties, including potential US trade tariffs and geopolitical tensions.

Landed residential properties saw a 0.7% qoq increase, buoyed by limited supply and strong local demand. Non-landed residential prices also rose by 0.5% qoq, driven by the Core Central Region (CCR) and Outside Central Region (OCR), which experienced increases of 2.3% and 0.9% qoq, respectively. However, the Rest of Central Region (RCR) saw a 1.1% qoq decline, attributed to the specific mix of units sold rather than a drop in demand.

Wong Xian Yang, Head of Research Singapore & SEA at Cushman & Wakefield, noted, “The CCR market is a market to watch, and could see potential growth, after years of lagging price performance.”

Despite a 40.2% qoq decline in overall private residential sales volume to 4,340 units, the resale market accounted for over half of the sales. The forecast for 2025 suggests a 2-3% year-on-year price growth, supported by strong household balance sheets and low unemployment rates.

Looking ahead, sales volumes are expected to range between 19,000 and 23,000 units for 2025, contingent on the absence of new cooling measures or unforeseen economic shocks.
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The Monetary Authority of Singapore (MAS) has taken decisive action against five major payment institutions, imposing composition penalties totalling $960,000 for breaches of anti-money laundering and countering the financing of terrorism requirements. The penalties, announced on 27 June 2025, target Remsea Pte Ltd, Arcade Plaza Traders Pte Ltd, J-Dee Remittance Services Pte Ltd, Mobile Community Tech Pte Ltd, and OxPay SG Pte Ltd.

MAS’s enforcement actions serve as a deterrent against misconduct and aim to maintain the integrity of Singapore as a financial centre. The authority evaluates the type of enforcement action based on the severity of the breach and its potential impact on the financial system.

The penalties highlight MAS’s commitment to stringent regulatory oversight and its zero-tolerance approach towards financial misconduct. By enforcing these measures, MAS seeks to uphold Singapore’s reputation as a secure and reliable financial hub.

For further details on the regulatory and enforcement actions, MAS directs interested parties to its Enforcement Actions page on their website. This move underscores the authority’s transparency and dedication to public accountability in its regulatory processes.
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NHG Health has unveiled MedVid, a groundbreaking initiative featuring over 300 AI-generated medication counselling videos, designed to improve medication literacy among patients and caregivers. This pioneering project, the first of its kind in Singapore’s public healthcare sector, provides accessible and engaging video content in English, Mandarin, Malay, and Tamil, supporting the Healthier SG initiative.

MedVid addresses 79 essential topics, covering commonly prescribed medications for both acute and chronic conditions, as well as drug allergies. The videos transform traditional text-heavy medication leaflets into dynamic visual content, making complex medical information more digestible. Available on platforms like YouTube and the HealthHub website, the videos can also be accessed via QR codes on medication labels.

A recent Proof-of-Value study involving 149 patients demonstrated MedVid’s effectiveness, with 95% of users finding it easy to access information and 87% considering video counselling a viable alternative to in-person consultations. This initiative not only benefits patients but also allows pharmacists to focus on individuals with more complex needs.

Lim Hong Yee, Group Chief Pharmacist at NHG Health, noted, “With MedVid, we reimagined how information could be delivered through short and clear videos powered by AI technology.” Dr Ng Kian Bee from NTU’s Lee Kong Chian School of Medicine added, “This collaborative effort is a strong testament to our expertise in employing digital learning technology to advance patient care and education.”

NHG Health plans to integrate these videos into pharmacy operations across its institutions and expand the initiative to a broader patient population in Singapore.
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The Digital Disruption Chair at ESSEC Business School has launched its inaugural “Digital Disruption Matrix 2025,” a strategic tool assessing the impact of six transformative technologies across 11 industrial sectors. Generative AI emerges as the most disruptive, scoring 89.45 out of 100, nearly twice that of Descriptive AI, which ranks second.

The Matrix, introduced as Singapore strengthens its position as a global tech hub, offers crucial insights for strategic decision-making. It highlights energy availability as a potential bottleneck for technological advancement, emphasising the need for infrastructure development to support the nation’s digital transformation.

According to Jan Ondrus, Professor of Information Systems at ESSEC, “The objective of this annual barometer is to precisely understand the impact of each technology by sector, whilst ensuring comparability between them and from year to year.”

Key findings include the unprecedented growth of Generative AI, which surpasses Blockchain’s peak during the 2021 crypto boom. Descriptive AI remains integral to business processes despite lower media visibility. The automotive sector shows scepticism towards emerging technologies, with 22.7% negative opinions on blockchain.

The Matrix also reveals that the real estate sector is highly enthusiastic about renewable energy, with 91.1% positive opinions, surpassing the energy sector. Meanwhile, 30 to 43% of professionals express neutrality towards quantum computing, indicating uncertainty about its future impact.

The Digital Disruption Matrix will be updated annually, supported by data from Atelier BNP Paribas and SIA, providing a comprehensive view of technological disruptions across the economy.
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Singapore’s private housing market experienced a slowdown in price growth for the second consecutive quarter, with a 0.5% quarter-on-quarter increase in Q2 2025, according to the Urban Redevelopment Authority’s (URA) flash estimate. This follows a 0.8% rise in Q1 2025. The decline in new home sales, attributed to fewer launches and cautious sentiment due to geopolitical tensions, saw a significant drop of 66.5% from the previous quarter.

The landed property segment led the price growth with a 0.7% increase, whilst non-landed properties saw a 0.5% rise, down from 1.0% in Q1 2025. The Outside Central Region (OCR) recorded a 0.9% increase, whilst the Core Central Region (CCR) outperformed with a 2.3% rise. Conversely, the Rest of Central Region (RCR) saw a 1.1% decline, impacted by realistic pricing at new launches such as One Marina Gardens and Bloomsbury Residences.

Tricia Song, CBRE Head of Research, Southeast Asia, noted that the CCR’s performance was bolstered by luxury launches like 21 Anderson, which sold units at a median price of $4,811 per square foot. Despite the slowdown, CBRE maintains its full-year forecast for new home sales at 7,000 to 8,000 units, though risks remain if economic conditions worsen.

Looking ahead, private home prices, which have risen 1.3% in the first half of 2025, are expected to maintain a growth momentum of 3% to 4% for the year. However, the Ministry of Trade and Industry’s revised GDP growth forecast of 0% to 2% for 2025 suggests potential downside risks.
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Private home sales in Singapore saw a significant drop in Q2 2025, with transaction volumes reaching only 4,340, down from 7,261 in the previous quarter. This decline is attributed to a slowdown in new project launches and heightened global tensions, according to Knight Frank Singapore’s analysis of the Urban Redevelopment Authority’s (URA) flash estimates.

The cautious market sentiment was influenced by geopolitical events, including the Trump Administration’s tariffs announcement in April and the US bombing of Iran’s nuclear facilities in June. These developments have led to a “watch-and-wait” approach among developers and buyers, as noted by Leonard Tay, Head of Research at Knight Frank Singapore.

Despite the slowdown in transactions, private home prices showed marginal growth. The URA All Residential Price Index rose by 0.5% quarter-on-quarter (q-o-q) and 3.0% year-on-year (y-o-y) in Q2 2025. However, this was a slower increase compared to the 0.8% q-o-q growth in Q1 2025. The Core Central Region (CCR) saw the highest price growth at 2.3% q-o-q, driven by the launch of 21 Anderson.

In contrast, the Rest of Central Region (RCR) experienced a 1.1% q-o-q price decrease, despite active sales from new projects like One Marina Gardens. The Outside Central Region (OCR) had no new launches but saw a 0.9% q-o-q price increase, supported by existing projects and the resale market.

Landed home prices increased by 0.7% q-o-q, with selective activity expected to continue. As global uncertainties persist, Knight Frank anticipates private home price growth in 2025 to remain at the lower end of the projected 3% to 5% range.
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Japanese Body Therapy (JBT), operated by MJG International Pte Ltd, has officially launched its expansion hub in Singapore, aiming to establish 100 franchise centres across Asia. The brand, known for its PM Balance Seitai—a traditional Japanese manual therapy focusing on posture and structural alignment—seeks to leverage Singapore’s strategic location for regional growth.

Led by Yuta Kizaki, a nationally certified Judo Therapist from Japan, JBT integrates traditional manual techniques with a systematic approach to training, performance tracking, and service delivery. Kizaki, who previously scaled a network of 187 body therapy centres in Japan, took over MJG International in 2022, implementing strategic changes to stabilise and grow the business.

The decision to base operations in Singapore reflects JBT’s commitment to system-led scalability and consistent quality. “Our structured operational systems and practice-based expertise will support our ambitious expansion plans,” Kizaki stated.

JBT’s expansion strategy is underpinned by its focus on structured service delivery and operational excellence, aiming to bring its unique therapy approach to a broader audience across Asia. The move marks a significant step in JBT’s long-term strategy to become a leading name in body therapy within the region.
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The Beyondsoft Chinese Enterprise Basketball Tournament 2025 wrapped up on 29 June with a grand finale at the Singapore Basketball Centre. Organised to commemorate Beyondsoft International Singapore Pte Ltd’s 30th anniversary, the event brought together Chinese enterprises and professionals from across Singapore in a spirited two-month competition. The tournament underscored Beyondsoft’s dedication to community engagement, active lifestyles, and cross-industry collaboration.

Launched in April, the tournament featured teams from local Chinese businesses competing over several weekends. The event not only strengthened ties within Singapore’s Chinese business community but also highlighted the unifying power of sports. The top three teams were recognised for their exceptional performances: JUSTI claimed the championship, followed by K STAR in second place, and Six Stars Tours & Services in third.

The awards ceremony was attended by representatives from Beyondsoft, the Basketball Association of Singapore, and SIG Global. Chng Poh Suan from Beyondsoft, LEO from the Basketball Association, Matthias Koh, President of the Basketball Association of Singapore, and Kevin Wang from SIG Global presented the awards.

Beyondsoft, a global leader in IT services and digital transformation, emphasises not only technological excellence but also the importance of building inclusive, people-centred communities. In Singapore, the company actively supports cultural engagement, employee wellbeing, and partnerships that bridge industries and cultures, embodying its mission to deliver technology with heart.
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Singapore-headquartered BeLive Holdings, a leading B2B provider of live and video streaming infrastructure, has announced its intention to explore a Digital Asset Treasury Strategy. This move is part of the company’s broader platform enablement roadmap aimed at enhancing capital efficiency and supporting decentralised payment technologies. The strategy involves potentially allocating a portion of BeLive’s corporate treasury into digital assets such as Bitcoin and other yield-generating assets, subject to rigorous risk and compliance frameworks.

The initiative reflects BeLive’s commitment to innovation and its role as a digital infrastructure provider to global brands. CEO Kenneth Tan stated, “As digital infrastructure providers to many leading global brands, we are committed to remaining at the forefront of innovation.” The strategy aims to support the next wave of platform experiences securely and responsibly.

BeLive’s core focus remains on enabling partners to integrate interactive video, live commerce, and AI solutions into their apps via its Software-as-a-Service (SaaS) and whitelabel platform. This strategic evaluation follows similar moves by other forward-thinking companies exploring alternative treasury and payment models using digital assets.

The company emphasised that no digital asset acquisitions have been made to date, and any future allocations will be conducted conservatively within strict compliance frameworks. BeLive provides live commerce and shoppable short video solutions to international retail companies and e-commerce marketplaces.
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Grand Park City Hall is inviting travellers to experience Singapore’s rich cultural heritage as the nation celebrates its 60th anniversary. Located in the heart of Singapore’s Civic District, the hotel is offering a suite of specially curated experiences that blend history, gastronomy, and comfort to mark this national milestone.

The hotel’s SG60 Celebrations include exclusive stay experiences with heritage packages and nostalgic in-room amenities. Guests can enjoy views of celebratory fireworks from the Rooftop Garden every Saturday leading up to National Day on 9 August. Additionally, the hotel offers cultural access with partner privileges, providing perks and discounts at nearby museums and family attractions.

Tablescape Restaurant at Grand Park City Hall is presenting an SG60 Celebration Menu, offering a limited-time culinary journey of local flavours in a neoclassical setting. For those planning a midweek getaway, the hotel is offering special room rates every Wednesday and Thursday in August.

Grand Park City Hall, the flagship luxury hotel of Park Hotel Group, is situated within a three-minute walk from City Hall MRT, providing seamless access to Singapore’s major train lines and cultural landmarks. The hotel combines sleek design with Peranakan motifs and vintage touches, offering guests a deep sense of place and connection.

As Singapore marks its Diamond Jubilee, Grand Park City Hall invites both new and returning visitors to explore the city from a hotel that embodies its heritage, where history, culture, and contemporary hospitality converge.
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