Singapore Business Review

What is driving demand in the office market?
The market is expected to post a full-year rental growth of around 3% to 5%.
Prime grade office rents up 1.4% QoQ in Q3
Average rent in the Raffles Place / Marina Bay precinct is now at $10.51 psf pm.
Infrastructure providers need to do more to address ‘range anxiety’ on EV adoption
Government subsidies are not enough to raise electric vehicles adoption.
Singapore rises to 3rd place in world competitiveness ranking
In Asia-Pacific, Lion city ranked first.
Keppel unit to explore ammonia-fired gas turbine adoption on Jurong Island
The study will be conducted alongside Mitsubishi Heavy Industries and DNV.   Keppel New Energy, a wholly owned subsidiary of Keppel Infrastructure, will explore the use of 100% ammonia as a fuel for a gas turbine or combined cycle gas turbine (CCGT) alongside Mitsubishi Heavy Industries (MHI) and global independent energy expert, DNV.    The parties will conduct the high-level Quantitative Risk Assessment on Jurong Island.   Under the memorandum of understanding (MoU) signed by Keppel New Energy will study the feasibility of ammonia fuelled power plant, whilst MHI will develop an ammonia-fired gas turbine that produces carbon-neutral power.   DNV, for its part, will lend its assurance and risk management expertise to prepare and present a QRA analysis on the project.   Through the MoU, Keppel, MHI, and DNV aim to draw up robust assessment guidelines to ensure the safety and sustainability of ammonia as a clean fuel, while maintaining high efficiency and low NOx emissions for use in a gas turbine system for power generation.
Ascendas REIT, Ascott Residence Trust, Ascendas India revise names 
The names of their managers were also changed.   The names of property firms, Ascendas Real Estate Investment Trust (Reit), Ascott Residence Trust (ART), and Ascendas India Trust, were modified as well as their managers. 
Market update: STI down 0.34%, Genting Singapore is top stock
Genting Singapore led the stocks at 1.28%.
Chart of the day: Singaporean residents are getting older
The median age for most residents is 42 years old.
Slow industrial production to drag down manufacturing full-year growth: analyst
Industrial production slowed down to 2.7% in August 2022.
Nearly 7 out of 10 Singaporeans acknowledges the importance of sustainable travel
The impact of travel has topped the list of reasons for sustainable travel.
Freehold East Coast residential property up for sale for $15.25m
Expression of Interest will close at 3 p.m. on 1 November.
Shop and office units at International Plaza on sale for $60m
The sale will be conducted by expression of interest.
How much will Singaporeans spend on F&B establishments during F1 weekend?
Research by SevenRooms showed that the biggest spenders will be those aged 55 and over.
Where Singaporeans want to go next
Taiwan, Hong Kong, and Japan are amongst their top searches. 
3 motivations pushing the wealthy to sustainable investments
About 24% of investors have more than 15% of sustainable investments in their portfolio.

Join the Singapore Business Review community

Exclusives

Exclusives

Commercial Property How realtors dealt with the new realities of the real estate market 
An expert from Savills said the market has become increasingly international in its outlook. 
Commercial Property Singapore’s most outstanding architecture professionals under 40
This year’s list includes architects who helped improve healthcare spaces.
Media & Marketing How can brick-and-mortar stores be less boring? Here’s what experts say
Physical stores must revamp customers’ experiences by pushing “phygital” strategies.
Commercial Property Singapore's most notable real estate agents under 40
Women took the lead in this year's list, taking 11 spots.
HR & Education How firms can meet the booming demand for ESG jobs
Firms must seek a sustainability leader with an ESG mindset and green courses for workers.
Commercial Property Office and hospitality markets on the road to revival
Property experts said the shift of consumption to services gave two markets a lift in 2022.

Top News

What is driving demand in the office market?
The market is expected to post a full-year rental growth of around 3% to 5%.
Prime grade office rents up 1.4% QoQ in Q3
Average rent in the Raffles Place / Marina Bay precinct is now at $10.51 psf pm.
Infrastructure providers need to do more to address ‘range anxiety’ on EV adoption
Government subsidies are not enough to raise electric vehicles adoption.
Singapore rises to 3rd place in world competitiveness ranking
In Asia-Pacific, Lion city ranked first.
Keppel unit to explore ammonia-fired gas turbine adoption on Jurong Island
The study will be conducted alongside Mitsubishi Heavy Industries and DNV.   Keppel New Energy, a wholly owned subsidiary of Keppel Infrastructure, will explore the use of 100% ammonia as a fuel for a gas turbine or combined cycle gas turbine (CCGT) alongside Mitsubishi Heavy Industries (MHI) and global independent energy expert, DNV.    The parties will conduct the high-level Quantitative Risk Assessment on Jurong Island.   Under the memorandum of understanding (MoU) signed by Keppel New Energy will study the feasibility of ammonia fuelled power plant, whilst MHI will develop an ammonia-fired gas turbine that produces carbon-neutral power.   DNV, for its part, will lend its assurance and risk management expertise to prepare and present a QRA analysis on the project.   Through the MoU, Keppel, MHI, and DNV aim to draw up robust assessment guidelines to ensure the safety and sustainability of ammonia as a clean fuel, while maintaining high efficiency and low NOx emissions for use in a gas turbine system for power generation.
Ascendas REIT, Ascott Residence Trust, Ascendas India revise names 
The names of their managers were also changed.   The names of property firms, Ascendas Real Estate Investment Trust (Reit), Ascott Residence Trust (ART), and Ascendas India Trust, were modified as well as their managers. 
Market update: STI down 0.34%, Genting Singapore is top stock
Genting Singapore led the stocks at 1.28%.
Chart of the day: Singaporean residents are getting older
The median age for most residents is 42 years old.
Slow industrial production to drag down manufacturing full-year growth: analyst
Industrial production slowed down to 2.7% in August 2022.
Nearly 7 out of 10 Singaporeans acknowledges the importance of sustainable travel
The impact of travel has topped the list of reasons for sustainable travel.
Freehold East Coast residential property up for sale for $15.25m
Expression of Interest will close at 3 p.m. on 1 November.
Shop and office units at International Plaza on sale for $60m
The sale will be conducted by expression of interest.
How much will Singaporeans spend on F&B establishments during F1 weekend?
Research by SevenRooms showed that the biggest spenders will be those aged 55 and over.
Where Singaporeans want to go next
Taiwan, Hong Kong, and Japan are amongst their top searches. 
3 motivations pushing the wealthy to sustainable investments
About 24% of investors have more than 15% of sustainable investments in their portfolio.

Exclusives

Commercial Property How realtors dealt with the new realities of the real estate market 
An expert from Savills said the market has become increasingly international in its outlook. 
Commercial Property Singapore’s most outstanding architecture professionals under 40
This year’s list includes architects who helped improve healthcare spaces.
Media & Marketing How can brick-and-mortar stores be less boring? Here’s what experts say
Physical stores must revamp customers’ experiences by pushing “phygital” strategies.
Commercial Property Singapore's most notable real estate agents under 40
Women took the lead in this year's list, taking 11 spots.
HR & Education How firms can meet the booming demand for ESG jobs
Firms must seek a sustainability leader with an ESG mindset and green courses for workers.
Commercial Property Office and hospitality markets on the road to revival
Property experts said the shift of consumption to services gave two markets a lift in 2022.

Join the Singapore Business Review community