Singapore
Daily Markets Briefing: STI up 0.4%; Top stock is CityDev
Daily Markets Briefing: STI up 0.4%; Top stock is CityDev
CityDev is the top stock despite a 0.31% decrease.
Debt funding gap in APAC real estate minimal: CBRE
Singapore is seen bucking the trend with plenty of dry powder.
Developers to remain prudent in bidding for Margaret Drive, Media Circle: analysts
The sites can yield 460 condos and 520 long-stay serviced apartments, respectively.
Take-up in new condo launches slow as buyers stay on sidelines
OCR projects drive sales.
Singapore tops non-OIC destinations for Muslim travellers in 2024
Including the OIC destinations, Singapore ranked 9th overall.
MPA opens three new berths at Tuas Port amidst vessel diversion challenges
The new berths will operate later this year.
Singapore invests $300M in National Quantum Strategy
It aims to boost the nation’s quantum industry.
URA opens tenders for Margaret Drive and Media Circle sites
The sites can yield 460 residential units and 530 long-stay serviced apartments, respectively.
Singtel and Telin to build 100km submarine cable system between SG and Batam
By Q4 2026 it is expected to support the growing data centre traffic.
MPACT divests Mapletree Anson for $775m
The divestment consideration exceeds the original purchase price of $680m.
Mapletree Industrial Trust Management promotes CFO Ler Lily to CEO
Khoo Geng Foong will replace Lily as CFO.
MAS extends fair dealing rules to all financial products and services
Previously, guidelines applied only to investment product selection and services.
SBS Transit and Siemens Mobility ink contracts for Downtown Line signalling support
Siemens Mobility will repair components, analyse failure trends, and manage obsolescence.
KSH Holdings incurs $31.5m net loss in FY24
Revenue for the period also fell by 28.2%.
CapitaLand India Trust secures $200m sustainability-linked loan
It will use the loan to refinance existing RCFs.
IVSC board names first Asian and female chair
Lim Hwee Hua previously served as minister of the Singaporean government.
Amy Leong appointed as AEM Holding’s CEO
She will take on the role effective 1 July.
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