News
Profit of Far East Orchard rises 18.8% YoY to $7.6m in 9M23
The company attributed improved financial performance to the strong recovery of its hospitality business.
Prime US REIT posts 3.3% YoY lower net property income of US$23.4m in 3Q23
The REIT also reported a lower income available for distribution of US$12.7m.
Singtel’s net profit soars 83% YoY to $2.14b in 1H24
The company attributed the increase to gains from Telkomsel’s integration of IndiHome.
GLS tenders seeing lower participation rate, but higher bids: experts
In the recent tender, the highest bid price was $1,360 psf ppr for the Lorong 1 Toa Payoh site.
SG commercial property investment volume cut by more than half in 3Q
Deal activity in Singapore totaled only US$571m.
Singlife receives $179.9m capital injection from Sumitomo Life
With 23.68 million new shares, Sumitomo Life now owning a 27.001% share.
Nanofilm's profit falls 28% YoY in Q3
The company attributed the decline to a challenging operating environment.
Singapore real wages to rise by 0.5% in 2024
Next year marks a rebound from the 1.5% decrease in real wages in 2023.
WTW opens APAC Climate Risk Centre in Singapore
It concentrates on evaluating and quantifying both physical and transition climate risks.
Trustee lays out commercial options to build functioning internal management for Sabana REIT
Amongst these options is the retention of existing staff of the REIT’s manager.
URA closes tender for 3 sites
The sites received a total of 12 bids.
Singapore retains its crown as Asia’s most talent-competitive country
Globally, Singapore ranked second in talent competitiveness.
Lendlease Global Commercial REIT’s portfolio occupancy hits 99.9% in 1Q24
It also reported a long weighted average lease expiry of eight years by net lettable area.
Keppel REIT prices $200m notes at 3.72%
The notes are due in 2026.
Seatrium expecting net loss in FY2023 despite a rise in its order book
In 3Q23, the company's net order book rose to $17.7b.
EC World REIT’s distribution per unit drops 32.8% YoY in 3Q23
The REIT also reported lower net property income and gross revenue during the period.
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