News

The REIT could spend as much as $600m in deals, and it won’t be in Singapore.

Its board of directors also extended its long stop date to 24 April.

The group stated that this will cause a 7.1% fall in the scheduled capacity.

It led the surge of strata office deals in 2019 to $1.2b.

And brand-conscious investment bankers are aiming for big banks’ back-office roles.

Venture Corp saw the sharpest decline amongst top active stocks with a 4.11% contraction.

This was blamed on lower services inflation and a steeper drop in the cost of retail.

Ascendas REIT leads the pack with a net institutional inflow of $69.1m.

Singapore’s demand for health care services continues to outstrip supply.

Profits were hit by gestation loss for Raffles Hospital Chongqing.

All of its business segments posted increases in net profit.

Wind turbine maker Siemens Gamesa will issue green guarantees under the facility.

It aims to help ease tenants’ cash flows amidst COVID-19.

And Bukit Sembawang Estates sold 64% of units of Luxus Hills Contemporary Collection.

The most expensive deal is a 29,049 sqft building sold for $2,730 psf.

ComfortDelGro saw the sharpest decline amongst top active stocks with a 1.46% contraction.The Straits Times Index ended 17.65 or 0.55% lower at 3,181.03.The top active stocks were DBS, which inched down 0.08%, Singtel, which fell 0.96%, UOB, which slid 0.73%, ComfortDelGro, which dropped 1.46%, and OCBC Bank with a 0.18% slip.The FTSE Mid Cap dipped 0.65% whilst the FTSE Small Cap edged down 0.94%.