News
Office space stock drops 41,000 sqm in 1Q24
Office space stock drops 41,000 sqm in 1Q24
The stock contraction resulted in a drop in the island-wide vacancy rate.
Private residential price growth eases to 1.4% in 1Q24
In 4Q23, prices rose by 2.8%.
NTUC opens career centre to aid PME job placement
The focus areas are career protection, progression, and placement.
Industrial prices mark first drop since 3Q20
Prices fell 0.2 QoQ.
Industrial occupancy dips to 88.7% in 1Q24
Occupancy fell 0.3 ppt from 4Q23.
Far East Orchard buys 49% stake in UK’s Homes For Students Limited
Homes For Students Limited is the largest independent PBSA operation in the UK.
Changi Airport surpasses 1Q19 passenger count by 0.5%
The airport handled 16.5 million passengers in 1Q24.
iFAST Corp net profit leaps nearly five times over in Q1
The increase in earnings was driven by contributions from its ePension division, and improvements in its wealth management business.
BMW Group Asia's Singapore Sales Surge in 1Q24
In 1Q24, the group's premium segment reported a 51.5% YoY increase in sales.
Sheng Siong net profit up 8.9% to $36.3m in 1Q24
The supermarket attributed the increase to better sales.
MapleTree Industrial Trust’s NPI rises 0.6% on new acquisitions, leases
Despite higher NPI, MIT saw a 1.0% YoY dip in DPU.
CLI reports lower revenue of $650m in 1Q24
Its real estate investment business (REIB) revenue fell 4% YoY.
9 of 10 companies made ransomware payments in 2023: ExtraHop
The average cost of ransomware payments was $4.49m (US$3.3m) per company last year.
Political risk tops list of concerns for local firms
Eight in 10 concerned elections will affect international trade and operations.
Changi Airport Group selects OUE for Hotel Indigo development
The hotel is set for completion by 2028.
MSIG Singapore to maintain footing from parent support: S&P Global
S&P Global Ratings said the insurer will remain highly strategic.
Expert forecasts continued rise in prime office rents
In 1Q24, Singapore recorded a 3.4% YoY uptick in occupancy cost.
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