Singapore

UOB sets new tech and innovation hub in Punggol Digital District

This is the first Singapore local bank to establish a presence in the district.

Office rents dip 1.0% in Q1

Gross effective rents now stand at $11.30 psf pm NLA.

Bridging Loans: An Alternative Financing Option for Clients Affected by TDSR

As property prices in Singapore continue to rise, more and more clients are finding themselves affected by the Total Debt Servicing Ratio (TDSR) framework. This framework, introduced in 2013, sets a limit on the amount of debt a borrower can take on based on their income and other financial commitments. While the TDSR framework is designed to promote financial prudence, it has also made it harder for some clients to secure financing for their property purchases.

New home sales rise 13.6% MoM in March

However, it is 24.8% less than 654 units year-over-year.

Competing construction firms unite to meet industry’s towering demand

Construction industry expected to grow by 2.1% to $36b in 2023.

What are Singaporeans' top travel destinations for 2023?

Most of them travel for sightseeing and shopping.

SIA Group’s passenger traffic rises 14.1% MoM in March

The airline group carried a combined 2.7 million passengers during the month.

Keppel Infrastructure Trust seeks to raise $240m in equity funding

The company will use 97.3% of the proceeds to partially pay bridge facilities.

Phaidon proves ‘office environment’s not dead’ with bigger workspace

The expanded Singapore office is seen as Phaidon International’s ‘jewel of the crown’

Which Singapore mobile operator provides the fastest internet?

The median download speed for mobile in Singapore is 76.48 Mbps.

SG NODX to contract 5.5% in 2023

It is due to the broad-based weakness in electronics and non-electronics performance.

DPM Wong vows government will always be ‘pro-growth’ in economy

Economic competitiveness is one of the key phases in Singapore.

Demand for logistics and warehouse space healthy in Q1 23

Rents grew 2.6% quarter-on-quarter in the first quarter of 2023.

Where to invest if MAS eases monetary policy in October

Assets like bonds and gold will be a safe haven for investors.

Half of Singaporeans expect inflation to decline in the next 12 months

Consumers cite three reasons for the shift in their expectations.