Singapore Business Review

Condo resale prices increase by 5.0 YoY in March
Across submarkets, OCR posted the highest year-on-year price increase.
Condo resale volume jumps 17.4% MoM in March
Over 800 units got resold during the month.
Singapore properties boost OUE Commercial REIT’s NPI by 6.9% YoY
These properties include Hilton Singapore Orchard.
Keppel's net profit rises in 1Q24, fueled by key sectors
With legacy offshore and marine assets factored in, net profit dipped YoY.
FCT's net property income declines 8.4% YoY amidst asset changes
With lower NPI, FCT also recorded a decline in its DPU.
Singapore SMEs’ cyber risk awareness declines: report
Fewer SMEs were affected by cyber events this year.
Incoming PM Wong garners broad confidence across all age groups
Gen Zs (41%) and Baby Boomers (43%) hold high expectations for Wong.
Singapore, APAC commercial real estate investments up in Q1
Singapore property investments hit US$2.2b last quarter.
StanChart joins Visa’s B2B Connect to enhance cross-border payments
It aims to facilitate faster and more cost-effective business-to-business (B2B).
DCS Card Centre, E6 launch credit card issuing solution for fintechs
The service will be first rolled out in Singapore.
SINGAUTO secures $61.2m funding for global expansion plans
The company will begin mass production of the S1 new energy cold chain vehicle to deliver over 20,000 units by 2025.
BRC Asia buys 19.1% stake in Angkasa for $16.1M
Post acquisition, BRC will own a 19.1% stake in Angkasa.
Low inflation in Singapore unlikely to hold in 2Q24
In March, inflation fell to 2.7%.
Wake Up admin faces defamation charges for false KKH miscarriage report
Defamation can be punished with a fine, and/or up to two years of prison time.
Nearly half of Singaporean youths take first self-funded trips before age of 18
On average, they spend around $940 on airfare for their first trip.

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Condo resale prices increase by 5.0 YoY in March
Across submarkets, OCR posted the highest year-on-year price increase.
Condo resale volume jumps 17.4% MoM in March
Over 800 units got resold during the month.
Singapore properties boost OUE Commercial REIT’s NPI by 6.9% YoY
These properties include Hilton Singapore Orchard.
Keppel's net profit rises in 1Q24, fueled by key sectors
With legacy offshore and marine assets factored in, net profit dipped YoY.
FCT's net property income declines 8.4% YoY amidst asset changes
With lower NPI, FCT also recorded a decline in its DPU.
Singapore SMEs’ cyber risk awareness declines: report
Fewer SMEs were affected by cyber events this year.
Incoming PM Wong garners broad confidence across all age groups
Gen Zs (41%) and Baby Boomers (43%) hold high expectations for Wong.
Singapore, APAC commercial real estate investments up in Q1
Singapore property investments hit US$2.2b last quarter.
StanChart joins Visa’s B2B Connect to enhance cross-border payments
It aims to facilitate faster and more cost-effective business-to-business (B2B).
DCS Card Centre, E6 launch credit card issuing solution for fintechs
The service will be first rolled out in Singapore.
SINGAUTO secures $61.2m funding for global expansion plans
The company will begin mass production of the S1 new energy cold chain vehicle to deliver over 20,000 units by 2025.
BRC Asia buys 19.1% stake in Angkasa for $16.1M
Post acquisition, BRC will own a 19.1% stake in Angkasa.
Low inflation in Singapore unlikely to hold in 2Q24
In March, inflation fell to 2.7%.
Wake Up admin faces defamation charges for false KKH miscarriage report
Defamation can be punished with a fine, and/or up to two years of prison time.
Nearly half of Singaporean youths take first self-funded trips before age of 18
On average, they spend around $940 on airfare for their first trip.

Exclusives

Join the Singapore Business Review community