News
Investment sales fall 26.8% YoY to $20.5b in 2023
Investment sales fall 26.8% YoY to $20.5b in 2023
The residential market accounted for 64.4% of total investment sales in 4Q23.
Ex-JP Morgan banker named chairman of Bahrain neobank Singapore Gulf Bank
Edmund Lee was formerly vice chairman of APAC for JP Morgan Chase & Co.
Industrial sales value drop 4.4% YoY to $3.6b in 2023
Notable transactions in 2023 include the sale of Jardine C&C Regional HQ for $142m.
The Arcady at Boon Keng sells 51 of 172 units on launch day
One-bedder and two-bedder types accounted for the majority of the sales.
ACRA revokes registrations of LW Business Consultancy and its director
The firm reportedly committed anti-money laundering breaches.
Private new home sales to start slow as buyers remain selective and price-conscious
The Arcady and Hillhaven sold more than 50 units each on launch day.
Auditor raises ‘material uncertainty’ on No Signboard
The company incurred a net loss of $4.7m in FY22.
Cromwell EREIT’s Nervesa21 achieves 70% occupancy
Universal Music Group is the anchor tenant of the office development in Milan.
Hillhaven sells 33% of its units during launch
The average selling price of the units sold was $1,903 psf.
Ang Mo Kio Ave 2 site to yield around 700 homes
URA has proposed to use the site for high-density residential projects.
JTC rejects sole bid for Gambas Way (Plot 3) site
The tender for the industrial site closed on 26 December.
Non-oil domestic exports may stabilise in 2024
In 2023, NODX contracted 13%.
Daily Markets Briefing: STI up 0.3%; Top stock is DBS
DBS is the top stock with a 0.439% increase.
Sustained growth seen for SGX-listed F&B operators, says expert
Coffee chain Kimly is RHB’s top pick.
90% marketplace traffic generated by mobile users
In-store retail media’s ad spend of $240 million in 2023 will triple by 2027.
Investment sales fall to $5.4b in Q4
The public sector accounted for 54.4% of the total sales in the quarter.
Demand for affordability is keeping HDB rental prices in check
Rents may have edged up in December but will still likely stabilised, analysts said.
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