Singapore
Office market to see slow rental growth for 2H23
Office market to see slow rental growth for 2H23
In Q2, Grade A office rents only rose by 0.9%.
JV of CapitaLand, SingLand, and UOL bags tender for Tampines Avenue 11 for $1.2b
The JV will develop the GLS parcel into a mixed-use development.
Business park rents to be muted in 2H23: CBRE
In 2Q23, rents remained flat at $6.10 psf/mth for City Fringe and $3.70 psf/mth for the Rest of Island.
Retail market to see continued recovery in 2H23
Prime retail rents in the Islandwide market rose 3.2% YoY in 2Q23.
Prime logistics rents up 8.6% in H1 amidst weak manufacturing output
Leasing activity is also stable.
More than 400,000 asset risks found in 25 largest SG firms
The firms have outdated tech for protecting against these risks.
Tiered excise tax is ThaiBev’s biggest concern: analyst
The beverage firm said the proposed implementation is discriminatory.
Daily Markets Briefing: STI up 0.36%; Seatrium is leading
Seatrium closed trading at 6.82% up.
New or resale executive condominium: Which is a better investment?
Data from Huttons showed that the gross gain for the first owners of an EC unit was $322,220.
Bespoke Habitat transforms vacant units for short-term family accommodation
Co-living startup offers customisable and affordable short-term accommodation for residents with families in Singapore.
Mapletree Investments makes first foray in Kyushu logistics space
The logistics facility has a four-storey RCSS structure.
High Court arranges pre-trial conference on ESR Group court application
It begins 13 July 2023 for further directions on the final hearing.
Two thirds of SGX-listed firms begins climate reporting initiatives
But only a tenth have had such reports independently audited, EY said.
Thomson Medical Group OKs acquisition of Vietnam’s FV Hospital
The acquisition costs $517.1m (US$381.4m).
Dasin Retail Trust mulls disposal of retail malls as part of debt restructuring
In FY22, the trust’s net loss widened to $221.5m.
Malaysia to seek proposals for development of Kuala Lumpur-Singapore high-speed rail
Earlier this year, Singapore said it is open to proposals from Malaysia about the project.
Tax collected from properties rises 9.1% to $5.1b in FY22
Huttons Asia attributed the increase to two factors.
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