News

Singapore cap rates remain flat in Q3

The gross yield of commercial properties in Singapore ranges from 3.00%-6.25%.

MAS and Bank Indonesia extend bilateral financial arrangement until 2024

The agreement between both central banks was extended to 2 November 2024.

20% of Singapore’s motor insurance claims are fraudulent – GIA

One of the biggest insurance frauds in Singapore falsely claimed about S$1.6m.

Singapore connectivity level reaches 99%: IMDA report

The report also found that 2 in 3 Singaporeans are keen to try new digital technologies.

CapitaLand Ascott Trust divests 2 hotels in Sydney, Australia for $95.6m

The REIT will recognise a net gain of $12.4m from the divestment.

AIMS APAC REIT posts 5.1% YoY higher net property income of $64.3m in 1H24

Despite the higher income, the REIT proposed a 1.1% YoY lower DPU of $0.04650.

Raffles Medical Group’s profit falls 67.4% YoY top $12.4m in 3Q23

Year-to-date, the company’s profit has declined 25.6% YoY.

New Jurong Town Hall Bus Interchange opens November 26

In tandem with the opening, LTA will also introduce a new bus service.

HDB rents rise 0.4% MoM in September

By room type, 5 Room recorded the highest rent increase.

Condo rents drop 0.5% MoM in September

Rents across sub-markets dropped in September, except for CCR.

MOF seeks public feedback on the proposed IRAS amendment bill 

The bill will allow IRAS to administer broad-based grants to businesses.