Singapore
Aging industrial assets to face pressure from incoming supply
Aging industrial assets to face pressure from incoming supply
JTC expects 1.2 million sqm of new industrial space to be completed in 2025.
Suntec REIT’s distributable income decreases by 1.6% in 2024
DPU from operations to unitholders was 6.192 cents.
ESR-REIT net property income dips 4.2% over non-core asset sale in 2024
DPU went down 17.4% to 2.119 cents for the year.
StanChart, Prudential Singapore’s bancassurance partnership hit 25
This is the longest on record in Singapore.
OUE REIT posts 2.3% NPI decline to $116.9m in H2 2024
This was due to the upward revision of prior years’ property tax for Hilton Singapore Orchard and Crowne Plaza Changi Airport.
Half of Singaporeans optimistic about 2025
57% of Singaporeans report high confidence in achieving their goals.
GVT speeds up expansion in front-end semiconductor market after bagging TSV project
It was awarded by a global leader in wafer fabrication equipment and services.
StarHub, Nokia to drive 5G and 4G app development in enterprise verticals
It will leverage Nokia’s network as a coding platform with a developer portal.
S’poreans ready for AI agents in the government: report
Singaporeans are amongst the most willing globally to use AI agents.
ESR China REIT raises $390m in Shanghai Stock Exchange IPO
It had 800 million shares offered at $0.48 (RMB2.628) per share.
Construction demand could reach $53b in 2025: BCA
This is due to the expected awarding of contracts for large-scale developments.
Ascott expands Oakwood brand with 16 new property signings in 2024
The Oakwood portfolio now comprises nearly 100 properties.
Keppel DC REIT DPU climbs 13.2% YoY in H2 2024
This was driven by the acquisition of Tokyo Data Centre 1.
MAS eases monetary policy as core inflation forecasts drops to 1% to 2%
CPI-All Items inflation will average 1.5% to 2.5% in 2025.
Starhill Global REIT DPU up by 1.1% in H1 2024
It was due to higher contributions from Singapore and Perth Properties.
SCA and PSD2 compliance hurts Singapore business conversion rates: report
67% of affected businesses reported a decline in conversion rates by 11-20%.
ST Engineering secures five-year MRO contract with Korean Air
ST Engineering will provide quick-turn maintenance from its MRO facility in Singapore.
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