Singapore
Frasers Centrepoint Trust divests Changi City Point for $338m
Frasers Centrepoint Trust divests Changi City Point for $338m
The REIT will use the net proceeds from the divestment to repay loans.
GuocoLand’s profit drops 47% YoY to $207.1m in FY23
The company recorded a profit decline despite a 60% YoY jump in revenue.
Condo rental market highest in July with 7,000 sales posted
A total of 7,282 units were rented in July 2023 compared to June.
IHH net income down 51% YoY in Q2
The decline was driven by foreign exchange losses amidst Turkish Lira devaluation.
IHH SG boss appointed as Group CEO
Dr. Prem Kumar Nair was chosen due to his strong credentials.
Experts tout SG’s strata commercial spaces an ideal investment choice
Apart from delivering significant returns, this property type is not affected by the recent ABSD hike.
Daily Markets Briefing: STI up 0.29%; DFI Retail Group is top stock
DFI Retail Group closed trading at 1.64% up.
Singapore, Vietnam boost bilateral cooperation
They signed deals to improve relations in the green and digital economy, and innovation.
Sembcorp, PTSC to study power importation from Vietnam to Singapore
The project will span 200,000 hectares of sea area.
Electronic sector to recover in 2024
The industry was improved by the rise of AI.
URA greenlights redevelopment of the Forum, voco Orchard, and HPL house
HPL will be in charge of the redevelopment.
CapitaLand Ascott Trust receives 36.6% valid acceptances at close of preferrential offering
The REIT offered a total of 100,538,4097 new stapled securities.
Condo resale transactions up in July to avoid ghost month
Property experts share insights on latest condo resale data.
SG’s big 3 banks lead stocks with highest net institutional inflows in August
The trio booked a combined net inflow of $609m.
Recovery of retail rents to be uneven: analyst
Experts forecast a slower increase of 2.0% YoY for the Suburban Area.
Standard vs. Plus vs. Prime: How do the new flat classifications differ from one another
The government will implement the new flat classification in 2H24.
Overall condo resale prices up 7.4% YoY in July
OCR posted highest price increase with 9%.
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