News

It is the newest nine-storey mixed-use building in Payar Lebar iPark.

More than 11,000 units are expected to be launched in 2019, on top of 32,000 units unsold as of Q3. This chart from OCBC Investment Research (OIR) shows that supply pressures are not immediate in the near term with only 3,506 units left in the pipeline supply for Q4. However, the medium-term developers might face risks in the medium-term with more than 11,000 units expected to be launched in 2019, on top of rising inventory levels of about 31,900 units in Q3 that are a tad below the long term average leves, OIR noted.

Wall Street's muted tone could take its toll on the local bourse today.

And energy savings firm Barghest Building Performance nabs $45m from investment firm KKR & Co.

Singapore professionals rated their salary satisfaction at 5.9 on a scale of 1-10.

Growth occurred mainly in the community, social & personal services and financial & insurance sectors.

Asking prices of private non-landed residential properties inched up 1.4% QoQ.

Venture's total returns was recorded at -25.3% in December YTD.

Economists think that manufacturing growth in 2018 will slow down to 7.4% from an earlier prediction of 7.6%.

And some Singaporean banking employees demand ridiculous pay rises.

Price growth could hit -3% to 2% in 2019 amidst predicted slower economic growth.

The Straits Times Index (STI) ended 40.71 or 1.33% higher at 3,099.99. The top active stocks were DBS, which advanced 0.21%, Singtel, which grew 0.03%, UOB, which gained 0.37%, OCBC, which inched up 0.15%, and Genting Sing, with a 0.035% advance. The FTSE Mid Cap rose 5.66% whilst the FTSE Small Cap gained 1.66%.

Rising flat supply will ensure that leasing costs remain cheap.

Rental volume in the city-state fell 11.2% to 3,791 units.

Petrol service stations sales grew the largest at 11.4%.

They are also eyeing to offer corporate subscription for Singapore firms.