News
Freehold commercial building in Little India to be sold for $43m
Freehold commercial building in Little India to be sold for $43m
The property will be put on sale via tender on 2 February.
TNB Genco, YTL PowerSeraya imports 100MW electricity to Singapore
The imported electricity will be supplied to Singapore commercially for the first time.
Grab names Philipp Kandal as new Chief Product Officer
He will lead the product vision and strategy for Grab.
Services sector’s business outlook dims for Q123
Sixteen (16%) per cent of firms foresee deteriorating business conditions.
Tender for Tampines North Drive 4 site opens
The site is under the first half of the 2023 IGLS Programme.
Unemployment rates return to pre-pandemic levels
In 2022, the overall unemployment rate was 2.1%.
Collective sale tender for Orchard Bel Air reopens
The property has a guide price of $587.5m.
MapleTree Pan Asia Commercial Trust's NPI soars 76.8% YoY to $179.4m in Q3FY22/23
Higher earnings from its Singapore portfolio were amongst the drivers of income growth.
EGM on KOM merger to be held on 16 February
Shareholders’ approval on the merger will be sought in the meeting.
CICT’s DPU went up 2.7% YoY to 5.36 cents in H2 22
Its distributable income was at $355.1m.
Manufacturing sector’s business outlook deteriorates
This as firms experience slow demand for manufactured goods.
Cromwell European Reit’s portfolio valuation down to $3.5b
The CEREIT’s portfolio reduced 1.6% compared to June 2022.
China’s economic reopening not enough to beat slowing global growth: IMF
A Reuters report showed that Singapore and ASEAN nations are affected.
Daily Markets Briefing: STI down 0.43%; Yangzijiang is top active stock
Yangzijiang Shipbuilding is the most active stock.
Signed leases and cooling measures boost HDB rental volume December 2022
Condo and HDB rental market increased in December 2022.
HDB rent prices up 28.5% in December
More HDB flats were rented out in December than the previous month.
Condo rents up 34.4% in December
More condos were rented in December than the previous month, but lower than a year ago.
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