News

Daily Markets Briefing: STI up 0.36%

Expect local sentiment to be fairly buoyant this morning.

Will the two new residential sites in OCR stabilise property prices?

Interest in Forest Woods and The Alps Residences may increase sales volume.

Singapore 10th most expensive city for tech startups

Start-up costs amount to $53,130 per annum.

Self-driving car startup NuTonomy seeks investors to raise new funds

It targets ’multiples’ of previous US$16m funds it raised in May.

Industrial property sector recovers from 3 straight quarters of slump

355 caveats were lodged for industrial properties in 2Q.

Are Singapore's prime office rents finally bottoming?

More tenants are ditching old spaces for new developments.

Sembcorp's marine business sinks deeper as headwinds mount

Marine segment contribution is poised to shrink to around 20%.

Deal value for strata office units plunged 20.1% in 1H

Average island-wide prices meanwhile improved 29.6%.

ADB cut 2016 growth estimate for Singapore

The forecast was lowered to 1.8% from previously 2%.

OCBC mulls divesting stake in engineering services firm

But it is still reviewing strategic options.