Grace Leong's profile photo

Grace Leong

Singapore

Senior Business Correspondent at The Straits Times

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Articles

  • Absence of new condo launches, cautious buyers send May new private home sales skidding

    1 week ago | straitstimes.com | Grace Leong

    SINGAPORE – New private home sales tanked for a second straight month in May as developers held back new launches and buyers remained cautious amid an uncertain economic outlook pummelled by global trade frictions and geopolitical tensions. Excluding executive condominiums (ECs), new private home sales dropped to a mere 312 units from 663 in April as the number of newly launched units plummeted to a mere 20 from 1,344 units in April.

  • Singapore trims private housing land supply on confirmed list amid economic headwinds

    2 weeks ago | straitstimes.com | Grace Leong

    SINGAPORE – Private residential land supply on the confirmed list under the second half of the 2025 Government Land Sales (GLS) programme fell to 4,725 units, but the land supply on the reserve list was increased, the Ministry of National Development said on June 13. Reserve list sites are launched for sale upon successful application by a developer, or when there is sufficient market interest.

  • Singapore trims private housing land supply on confirmed list amid economic headwinds

    2 weeks ago | sg.yahoo.com | Grace Leong

    SINGAPORE – Private housing supply on the confirmed list of the Government Land Sales (GLS) programme for the next six months will fall by 6.1 per cent to 4,725 units, a move that analysts attribute to the uncertain economic climate. But supply on the reserve list will increase, said the Ministry of National Development on June 13. Reserve list sites are launched for sale when a developer offers a minimum price that the Government accepts, or when there is enough market interest.

  • Singapore trims private housing land supply on confirmed list amid economic headwinds

    2 weeks ago | flipboard.com | Grace Leong

    14 hours agoSocial Security retirement claims tend to follow a seasonal pattern each year, and they increase over time with the aging of the population, says Jack Smalligan, senior policy fellow at the Urban Institute. But this spring, something different happened, he says: an unexpected surge in the number of …

  • Ex-IPP director Goh Jin Hian wins appeal, court says firm failed to prove his breach caused losses

    3 weeks ago | straitstimes.com | Grace Leong

    SINGAPORE - The Court of Appeal has found Goh Jin Hian, a former director of insolvent marine fuel supplier Inter-Pacific Petroleum (IPP), is not liable to pay US$146 million (S$187 million) plus interest in compensation for losses suffered by the firm.

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