News
Visitor arrivals may have grown 10% to 12.8m in 2011
Visitor arrivals may have grown 10% to 12.8m in 2011
As tourism receipts for 1Q11 rose 36% to S$4.98b and are expected to surpass last year’s record of S$18.8b.
Investors sell off property stocks amidst uncertainty
This drove Singapore shares to a two-year low as property companies lost in Tuesday’s trading.
Singapore office rentals to drop 8% in 2012 - 2013
UOB expects office rentals to pull back to S$7.50-8.00 psf in two years as demand slows from weakening hiring pace and cost-cutting at banks.
Noble Group may list agri-business on SGX
The group has filed an application relating to a primary listing of its agricultural business on the SGX Mainboard.
Pulau Bukom fire started during maintenance preparation work
Preliminary investigation by the Ministry of Manpower showed that the fire broke out at a Pump House.
Playing safe: 77% of Asian investors won’t risk buying properties
And more than 75% of the investors said they aim for a 15% internal rate of returns or higher for investments.
Property investment deals slump 55% in Q3 2011
Investors are more cautious as real estate investment sales were only $4 billion in Q3 2011, the lowest level since Q1 2010.
Singapore trading threatened by Lehman-like trends
DBS has a grim market outlook as it cuts securities daily average volumes and values to 1.32bn and S$1.45bn from 1.89bn and $1.83bn in FY12.
Buyers tag private units as 'unaffordable'
Pricing remains the biggest driver of demand, said an analyst, with take-up rates higher for projects priced lower psf.
Private home prices up but increase slowing down
The private residential property index rose just 1.3% in the 3rd quarter, compared to the 2% increase in the previous quarter.
Pay up: Work passes fees to rise
Not only are fees set to increase but they will also be charged per transaction instead of per year.
SG banks sustain momentum with double-digit loan growth
DBU loans grew 29.7% yoy while loan-to-deposit ratio reached an all-time high of 83.7%.
Get a life!: Singaporeans struggle from work-life imbalance
Workaholics as they are, 67% of Singaporean professionals did not take all their holiday allowance in 2010.
Sheng Siong Group's US$95m IPO is fifth biggest in Q3 2011
The top spot still belongs to Hutchison Port Holdings’ US$5.5 billion IPO.
Tiger Airways' Philippine operations put in question
A letter of complaint was filed against the airline before the Civil Aeronautics Board of the Philippines.
Residential investment sales surge 23% to a whopping $10.6b in 2011
The residential investment market amounted to $2b in 3Q11, accounting for a significant 45% of market share.
Likelihood of 2nd Lehman-like doomsday hurts office rents
Prime office rents are seen to contract by 9.9% in FY12 as businesses hold off leasing plans.
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