News
Residential development charge rates raised to 22.8%
Residential development charge rates raised to 22.8%
The government lifted rates after the frenzied biddings for development sites both in the collective sales as well as GLS market.
Sentosa Cove property lost 42% of value after sale
It was sold for $3.25m, whilst the last owner purchased the unit in 2011 at $5.64m.
Chart of the Day: Condo sales hit a four-year high in 2017
Sales volume rose 67.8% YoY to 11,988 units.
Daily Markets Briefing: STI down 0.63%
Weakness on Wall Street overnight could dampen the local sentiment further today.
Daily Briefing: Alibaba launched AI research lab in Singapore; GIC joins Chinese developer in US$110.8m mall deal
And here are two REITs with mixed results recently.
Noble plunged into US$4.94b loss in 2017
It blamed the US$3.24b non-cash reserve losses on fair value gains of commodity contracts.
Executive condo sites lure aggressive bids amidst supply drought
This was seen through the record-breaking top bids for EC site Sumang Walk.
Wilmar eyes China expansion
Management intends to further expand its businesses in rice, flour and related consumer products.
BCA halts Kingsford Waterbay development
Building works like windows, barriers, and common storey shelter strayed from building requirements.
Bank loans up 5.4% to $650.62b in January
Business loans led the growth with a 5.6% increase.
Keppel eyes construction of three semisubmersible drilling rigs at $560m each
If the deal pushes through, total contract value could go up to $2.3b.
CityDev Q4 profit crashed 23.4% to $186.7m
It lost the revenue boost from Hong Leong City Center that it got in 2016.
Singapore loans grew 8% in 2017 but still lagged behind Hong Kong
A robust economy and optimism in the property market are slowly narrowing the gap.
IHH recovers from loss with $34.15m Q4 profit
It continuously ramped up its hospitals that opened in 2017.
Chart of the Day: Business investments grew 2.2% after 15-month decline
Companies are more optimistic with plans of expansion and aggressive hiring.
Daily Markets Briefing: STI down 0.43%
Don't expect gains today.
Daily Briefing: PM Lee to reshuffle cabinet; Singapore bars communication in terror attack areas
And here’s why Singapore unicorn Sea Ltd shares plunged 20% since its overseas listing.
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