News
LREIT's NPI down 53.3% to $7.51m from IPO forecast
LREIT's NPI down 53.3% to $7.51m from IPO forecast
It posted lower revenue on the back of lower rental income from 313@somerset.
AA REIT to acquire site at Jurong Innovation District for $129.6m
Upon completion, rental contribution from master leases is slated to rise from 30.3% to 36.4%.
Singapore's life insurance sales sink 13% in H1
Movement restrictions led to a 25% drop in annual premium business.
Wilmar unit YKA expects 15-30% profit growth in 9M 2020
It has submitted for the final registration approval for its Shenzhen IPO.
Condo resale volume nearly doubled in July
An analyst noted that demand in the primary market spilled over to the secondary market.
AXA mulls sale of Singapore unit
The sale process could begin as early as the next few weeks, according to sources.
Tuan Sing to divest CBD property Robinson Point for $500m
They have entered an agreement with a British Virgin Islands investment firm.
NODX grew 6.5% in Q2
This was largely driven by a 132.7% surge in non-monetary gold exports.
GDP contraction widened to 13.2% in Q2
MTI’s economic forecasts were also further slashed for 2020.
Majority of Singaporeans now prefer professional financial advise: study
More than 80% said that they now prioritise seeking financial advice before a major decision.
Chart of the Day: Home prices in OCR slipped 1.3% to $1,025 psf in Q2
New home prices rose, but was offset by a decline in the resale segment.
SBF advises firms to retrench staff only as a last resort
They are also reminded to tap on to government programmes and assistance schemes.
Quarz and Black Crane to reject Sabana and ESR merger
They questioned whether the merge was really in the best interest of shareholders.
IREIT acquires four office properties in Spain
It exercised the call option to acquire Tikehau Capital’s 60% share in the properties.
Venture's profit up 16.4% to $70.2m in Q2
Interim dividend was declared at $0.25 apiece.
Chart of the Day: Private home sales in RCR dropped 48.8% in Q2
This also marks the third consecutive quarter of decline.
MAS urges finance firms to ease dividends after pressing on banks
They are also suggested to offer shareholders the option of receiving FY2020 dividends in scrip.
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