News

Singtel led the gains amongst top active stocks with a 2.26% climb.

This was driven by declines in the CCR and OCR.

Proceeds will be partly used to expand into online mortgage marketplace.

E-commerce is thriving in the world's busiest transshipment port. Third-party logistics and other logistics companies, which consist of freight forwarders, transport agents, supply chain, logistics support companies, delivery service, storage service and e-commerce, emerged as the top occupier warehouses in Singapore, taking up 44% of the country’s total space, according to a report from Colliers. “Singapore has been the location of choice for e-commerce players to establish their footprint when entering the region. The emergence of e-commerce in recent years has had a positive spillover to the 3PL and logistics sector in Singapore,” Trisha Song, head of research for Singapore at Colliers International said in a statement. Also read: Factories get a facelift amidst Singapore's industrial property sector transformation Tenants from the manufacturing sector account for a third of the space, followed by distributor companies (10%), food, chemicals and pharmaceuticals sector (6%), oil, marine and energy (5%), with IT and technology sector taking up the least space (5%). There are about 117 million sqft of total warehouse space in Singapore, of which over 80% are located in the East and West regions. With a small population of just 5.7 million, the city has one of the highest warehouse space in Asia at 20 sqft per capita but lower than Japan and US, according to Colliers. The property firm expects property supply to ease, with annual expansion averaging 1.5% of warehouse total stock over 2019-2023.

Germany-based air taxi firm Volocopter will also conduct a demo flight.

It may benefit from its growing stake in the fund if more assets continue to be sold.

And a survey notes that half of graduates work in jobs unrelated to their degrees.

Singtel saw the sharpest decline amongst top active stocks with a 0.96% fall.

Majority are concentrated at the Central Business District.

Whilst 37% said they want to invest sustainably, only 14% were actually doing it.

Nissan Motor is one of the key tenants for the building’s space.

The number of contracts reached a quarterly high at 7 million.

Manufacturing output was hit by weak demand from both local and export markets.

CapitaLand Commercial Trust has the highest exposure to co-working risk.

DBS saw the sharpest decline amongst top active stocks with a 0.8% fall.

New sales accounted for 1,151 transactions.