Singapore

OUE Commercial REIT’s NPI up 18% YoY in Q1

OUE Commercial REIT’s NPI up 18% YoY in Q1

Its revenue also grew due to Hilton Singapore Orchard's contributions.

AA REIT posts 5.1% YoY growth for DPU in FY 2023

The distribution per unit (DPU) grew to 9.944 cents.

MPFunds trader programme launches in Asia

Participants can earn up to $530k whilst learning how to trade.

Singapore and Hong Kong’s talent war intensifies: CBRE

Both markets have put up schemes to woo foreign talent.

Chart of the Day: SG vs HK on R&D spending

Singapore spends 1.9% of its GDP on research and development.

HDB resale volume down 4.3% MoM in April

There were 2,188 HDB resale flats sold in April 2023.

Singtel, Etiqa offers Singtel Bill Protect for retrenched Singaporeans

Eligible customers could use the insurance plan to cover accidental death.

SG Tourism Board appoints new chief executive

Melissa Ow will take on the new role.

Changi Airport passenger movement quadruples to 4.63 million

The airport saw continued growth in its North America, Southwest Pacific, and Europe markets.

CICT’s downtown malls to benefit from return-from-office workers

The recovery of China’s economy will also woo visitors in the malls.

Wilmar International to see better earnings in H2: analyst

The company would also see better consumer demand due to lower household inventory and SME recovery.

Singapore's private consumption to recover in 2H23

RHB expects a 3.8% YoY consumption growth.

What skills do Singapore employers value?

In terms of hard skills, most of them (72.2%) want employees with technical skills.

The Impact of the ABSD rate hike and property buyer tax on real estate investments

The Additional Buyer’s Stamp Duty (ABSD) is a property buyer tax in Singapore that was introduced in 2011. It is a tax that is imposed on top of the existing Buyer’s Stamp Duty (BSD) and is meant to deter foreigners and property investors from driving up the property market prices. Recently, the ABSD rates have been increased to cool down the property market. This article discusses the impact of the ABSD and property buyer tax on real estate investments in Singapore.

WFS execs join SATS’ global leadership team

SATS welcomed three key members of WFS.