News
Office rentals rose 2.5% amidst rent increase in Q3
Office rentals rose 2.5% amidst rent increase in Q3
Vacancy rates dropped 0.2% despite the 28,000 sqm net lettable area increase in the stock of office rentals.
Retail rentals fell 1.2% in Q3 as prices kicked up a notch
Retail rent prices increased 0.3% amidst a 26,000 sqm net lettable area decrease in the amount of retail occupancies.
Private home prices moderate to 0.5% growth in Q3
Private condo prices in the CCR rose 1.3%.
Mapletree Commercial Trust NPI up 2.2% to $86.26m in Q2
Gains were backed by higher contributions from VivoCity, MBC I, and MLHF.
Ascendas REIT NPI slipped 1% to $158.9m in Q2
The dip was caused by a one-off reversal of accrued operating expense last year.
UOB profits up 17% to $1.04b in Q3
Net interest income drove earnings up and sharply grew by 14% to $1.6b.
Uber's Lion City Rentals unveils 1-week car rentals
It is rebranding its services to attract more types of drivers.
Sembcorp Marine sank into a $29.76m loss in Q3
It blamed continued low overall business volume.
CapitaLand Commercial Trust NPI climbed 37.3% to $80.40m in Q3
Thanks to contributions from Asia Square Tower 2 and Gallileo which were acquired in November 2017 and June 2018.
CDL buys London office for $687m
It has a net lettable area of 329,200 sq ft with 26 floors.
Chart of the Day: Real estate investment sales crash 34.5% in Q3
The proportion of home investment sales contracted from 61.2% in Q2 to 34.4%.
Daily Markets Briefing: STI down 0.64%
Wall Street's recovery could uplift the local stocks today.
Daily Briefing: DPM Tharman urges Singapore to keep social mobility; Grab app glitch made all rides $6 regardless of destination
And Gilstead Mansion’s en bloc sale relaunch puts price lower by $3m.
STI plunges below 3,000 for first time since January 2017 amidst US tech equities sell-off
Growing concern over US consumer data privacy spooked investors.
Assets under management in Singapore climbed 19.3% to $3.3t in 2017
78% of AUM was sourced from outside in Singapore in 2017.
Industrial property prices down 1.1% in Q3
Rents also dipped 0.4%.
Changi passenger traffic up 6.1% to 5.23 million in September
Visitors from China and Japan boosted monthly volumes.
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Commentary
SG60: What the next 10 years have in store for Singapore’s investment landscape