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Daily Briefing: Piermont Grand sells 46% of units on weekend launch; Stamford Land acquires mixed-use property in London for $441m
Daily Briefing: Piermont Grand sells 46% of units on weekend launch; Stamford Land acquires mixed-use property in London for $441m
And medical lab firm Clearbridge Health raises $11.34m from a share placement.
Daily Markets Briefing: STI down 0.52%
OCBC led the decline with a 0.99% dip.
Chart of the Day: Warehouse rents down 1.5% in Q2
Rents for first-storey and upper-storey multi-user factories also slipped 0.5%.
CapitaLand's Raffles City Chongqing achieves 95% retail leasing rate ahead of September launch
Adidas Sportswear Collective, Haidilao hotpot and Charles & Keith will open its stores in the mall.
Top office REITs averaged 19.6% YTD return
Mapletree Commercial Trust was the strongest performer with YTD total returns of 28.6%.
UIC profits skyrocketed 186% to $490.4m in H1
Higher sales from trading properties, hotel operations and technology operations boosted earnings.
Frasers Logistics & Industrial Trust's NPI climbed 24.4% to $46.3m in Q3
Acquisitions in Australia and Europe pushed income up.
EU to deny five nations, including Singapore, some market access rights: report
This would remove a status enabling European banks to rely on credit ratings.
DBS profit surges 17% to $1.6b in Q2
Income hit a record $3.71b.
Chart of the Day: Office property investments nearly doubled to $1.9b in Q2
It outgrew the residential segment where investments plummeted to $914.2m.
Daily Briefing: Healthcare subsidy income ceiling to rise by up to $300 in October; Hospitality start-up RedDoorz secures $61.6m in series B round
And Singapore-based robo-advisor StashAway bags $16.4m in series B funding.
Daily Markets Briefing: STI down 0.52%
Singtel fell the most amongst top active stocks with a 4.9% decrease.
HDB resale transactions jumped 29.8% in Q2
Changes to the CPF may have stoked demand for HDB resale flats.
Unemployment rate hits 3.3% in Q2
Employment declined in the retail and manufacturing sectors.
Retail rentals down 1.5% in Q2: URA
However, the prices of retail spaces increased by 0.4%.
Manufacturing output down 6.9% in June
The electronics and transport engineering segments led the decline.
Private home prices rose 1.5% in Q2: URA
Condo prices rose 2% whilst landed property prices fell 0.1%.
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