Singapore Business Review

The Singapore Business Review offers daily updates on the business scene in Singapore, shares insights and opinions on current business events, and gives readers access to expert viewpoints from various industries.

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Building owners told to phase retrofits over 3 years

2 days ago | sbr.com.sg | Noreen Jazul

Chiller replacements and system upgrades cost $150,000 to over $2m. Energy-intensive buildings may need to phase retrofits over three years to manage costs that could go as high as $2m, amidst a state push to cut power consumption by 10% starting in the third quarter. This would help building owners “better manage capital expenditure and minimise operational disruption,” Felcia Zeng, Head of Sustainability Management at CPG Facilities Management Pte Ltd ., told Singapore Business Review.
Relaxed height rules could spur property boom near Changi

4 days ago | sbr.com.sg | Noreen Jazul

Private apartments from the 1990s could end up being ripe for collective sale. A plan to ease height restrictions could spur land and commercial property values near Singapore’s airports, potentially narrowing the price gap with more developed parts of the island, analysts said.
Pubs lure Gen Z with nonalcoholic drinks

1 week ago | sbr.com.sg | Noreen Jazul

Only a quarter of male Singaporeans aged 25-34 drink regularly. Young people may be drinking less, but Singapore’s bars aren’t running dry, with analysts projecting average annual growth of 6.8% through 2028. “Despite the many recent challenges, our view of the longer-term prospects of Singapore’s pub sector is cautiously optimistic,” Tim Hill, key account director for Southeast Asia at GlobalData Plc, told Singapore Business Review.
Singapore pushes virtual power plants to hit 2035 RE goal

2 weeks ago | sbr.com.sg | Vincent Mariel Galang

It also wants power companies to build hydrogen-ready plants. Singapore is developing new energy technologies, including linking small power sources and managing them to act like a single, larger power plant, to hit its goal of 40% renewable power generation by 2035.
US levies on Chinese vessels may cause shipping delays

3 weeks ago | sbr.com.sg | Noreen Jazul

Redeploying vessels to US trade routes based on shipbuilding origin would be inefficient. US port fees on Chinese-built and -operated container and bulk ships, which account for more than 50% of global fleets, could lead to global shipping delays, including in Singapore, as these are redirected to non-US trade routes.
Johor-Singapore ecozone needs stable marketplace for energy credits

3 weeks ago | sbr.com.sg | Vincent Mariel Galang

This is expected to drive investment in cross-border electricity trade. The Johor-Singapore Special Economic Zone could attract more than $40m in renewable energy (RE) investments annually, but investors need to be assured that the certificates they get for producing clean power can be traded on an established marketplace and monetised.
Thryve Earth eyes more carbon projects for ‘planetary scale’ impact

1 month ago | sbr.com.sg | Noreen Jazul

The startup’s first three projects could yield up to 15 million carbon credits over time. Thryve Earth, which designs and implements carbon projects that help organizations meet their net-zero goals, is doubling down on its environmental projects this year as it tries to increase its positive impact on the planet, according to its CEO.
Global trade war may spur prime property deals

1 month ago | sbr.com.sg | Noreen Jazul

It presents an opportunity to get these assets at a discount. Real estate activity in Singapore is expected to pick up in the lead-up to and after the end of the 90-day US tariff freeze, with local buyers likely to snap up prime assets whose prices have been dropping amidst a trade war and slowing global economy. “Opportunistic investors and private wealth are likely to remain active with a longer-term view,” Catherine He, head of research at Colliers Singapore, told Singapore Business Review.
Informed clients key to unlocking retail access to private funds

1 month ago | sbr.com.sg | Noreen Jazul

They need to understand the risks, not just the allure, of these funds. Mass affluent clients who wish to invest in private market funds should be informed about the high-return and high-risk nature of these products — preferably in plain English — so they know what they are getting themselves into. Singapore’s central bank plans to open private market funds to people who, according to PricewaterhouseCoopers International Ltd.
MRT train hotel offers rooms for rest and work

1 month ago | sbr.com.sg | Noreen Jazul

It’s also a living museum for a train car that once served Singapore’s Green Line. A co-living hotel repurposed from a decommissioned metro train has arrived in Singapore and is set to open its doors in the second half. Train Pod @ one-north offers eight compact rooms, each about 7.5 square meters, featuring private bathrooms and Murphy bunk beds that fold neatly into the wall, letting guests convert the sleeping area into a functional workspace.