Singapore

Tenants worried as Grade A office rents shoot up 10/9 % in quarter, the most in Asia, making Singapore the fourth most expensive place in the region to set up shop.

Allows investors to respond earlier to developments outside European trading hours but affecting European equity markets.

With Singapore banks still trading at 1.4xFY11 P/BV, DBS says there is no reason to ignore them, and they are in fact are inexpensive relative to ASEAN peers. 

OCBC Bank said even the MAS is already comfortable with the probability of a 4-6% growth next year as no change to monetary policy outlook is likely to be made in the interim.

Although Singapore’s Q3 GDP growth slowed to 10.6% y-o-y and contracted by 18.7% q-o-q SAAR, the bank says the plunge was expected and should not be a cause for concern.

The market research specialist’s Asian network – which covers the company’s offices in India, Malaysia, Singapore, Indonesia and China generated revenue totalling $1.7m while revenue for the previous quarters amounted to $4.9m.

The latest all-property Fair Value Index revealed that while Singapore remains a hot market for investors, Hong Kong is not, moving from hot to cold in Q3.

The deal is the subsea service provider’s second contract win in less than four months since its SGX listing.

With prices for Yishun Greenwalk units range from 20% cheaper for 5-room flats to 40% cheaper for the 3-room flats—as compared to HDB’s 3Q10 median resale prices for a Yishun—the real estate agency believes the BTO project will be a hit with first-timers and young couples.

Asian office rents up 3.2% in the third quarter, confirming the recovery of region’s office demand.

Facility to further strengthen the Group’s financial position and capital structure for possible future growth opportunities.

Offer attracts total applications amounting to more than S$1.8bln behind strong retail demand.

The cash flow from properties backing Singaporean CMBS has been strong, an ongoing trend thus far in 2010. Accordingly, there are no Moody’s rating implications on outstanding transactions.

The bank is keeping its 4-5% growth prediction for the economy even as it revised its 3Q GDP growth to 10.6% yoy (-18.7% qoq), versus advance estimate of 10.3% yoy (-19.8% qoq).

78% of employees from Generation X are prepared to spend their own money on training to upgrade their skills as opposed to 70% of Generation Y yuppies and 68% of baby boomers, according to the latest Kelly Global Workforce Index.

Output in September rose by a solid 26.2% YoY on account of the rebound in pharmaceutical production although the final 3Q10 GDP growth saw the economy contracted by 18.7% QoQ saar (10.6% YoY).