News

Land prices drop 8-20% after developers turn cautious in GLS bid

Prices in the Bartley site dipped 20% compared to the latest land sale in the vicinity.

Retail sales dipped 4% to $3.6b in November

Motor vehicles and furniture & household equipment led the decline in sales.

Office spot rents likely to plateau in 2020

An influx of family offices could keep rental growth flat.

Daily Markets Briefing: STI up 0.14%

DBS led the gains amongst top active stocks with a 0.58% expansion.

IMDA moves deadline of 5G licence bids to 17 February

Mobile network operators reportedly asked for more time to submit proposals.

Ascendas REIT's next big buy may be a business park property in Singapore

The Galaxis (One North), The Ascent and 5SPD all present near-term opportunities for A-REIT.

Singtel's Bharti Airtel launches $1.35b foreign currency convertible bonds

It was opened after the Indian Government charged $6.62b in unpaid dues.

SGX RegCo sets due diligence and independence standards for issue managers

It will refer to the ABS Listings Due Diligence Guidelines in evaluating IMs.

Hyflux creditors called to file a proof of claim

Parties who did not file by 5 February may not be able to receive payments.

Most fund managers to overweight China in 2020

Amongst regional responses, Europe was the most popular pick for overweight.

Daily Markets Briefing: STI up 0.05%

SGX led the gains amongst top active stocks with a 2.56% expansion.

Daily Briefing: SIA launches fifth weekly flight to India; Temasek's Pavilion Energy expands to Spain

And Vickers Venture Partners leads $14.9m round in UK-based Emergex Vaccines.

Chart of the Day: These developers had the highest sales in 2019

Oxley had a sell-through rate of 50% across 11 projects.