News
Condo prices set to increase but slowly, analyst says
Condo prices set to increase but slowly, analyst says
This is due to fresh condo projects having finished construction.
Chart of the day: 30-year leasehold property price increases quickened to 0.9% QoQ
60-year leasehold and freehold properties also showed increases.
Daily Markets Briefing: STI up 0.6%; Keppel DC Reit is top stock
Keppel DC Reit is the top gainer with 3.53%.
Interest rates will be Singapore banks’ boon and bane through 2023: analyst
It’ll benefit them over the next three quarters, but asset quality may deteriorate after.
High-spec industrial space average rents in Q3 reaches record high since 2012
It increased by 1.1% QoQ to $3.69 psf.
Tourists, foreign residents accounted for about 50% of GST revenue in 2018 and 2019: Wong
The net annual GST during the period was around $5.7b.
Increase in rental demand linked to COVID-19 related construction delays: Desmond Lee
The delays led to a demand for temporary accommodation.
Minister for National Development Desmond Lee said COVID-19-related construction delays to residential development projects played a part in the increase in rental demand in recent quarters.
IMDA, Huawei launches start-up incubator
The programme covers start-ups in the preseed and seed space.
HDB rents rise 1.8% MoM in October
By room type, Executive saw the highest rent increase.
Condo rents climb 2.7% MoM in October
Across sub-markets, RCR saw the highest rent increase.
Prime US REIT sees a 6.1% drop in net property income in Q3
Its net property income fell to US$24.2m.
First REIT's net property income jumps 40.1% YoY to $79.08m in 9M22
The increase was due to the contributions from acquisitions in Japan.
American Express appoints Marlin Brown as Singapore Country Manager
He was recently the country manager for Thailand.
American Express has named Marlin Brown as its new Singapore Country Manager.
Singapore Airlines, Virgin Australia resume codeshare flights
Customers can now access a multitude of destinations across both airlines' networks.
Chart of the day: Younger generation chooses hustle culture to combat inflation
Gen X and Baby Boomers meanwhile would rather cut down non-essential spending.
CCCS calls for public feedback on SATS’ proposed acquisition of Promontoria
The public can submit feedback until 18 November at 5 pm.
Singapore to raise Assurance Package by $1.4b
This is due to the inflation situation in the market.
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