News
Singapore cap rates remain flat in Q3
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.
Prudential’s new business sees 37% profit growth IN 9M23
It grew to $2.14b, year-to-date.
20% of Singapore’s motor insurance claims are fraudulent – GIA
One of the biggest insurance frauds in Singapore falsely claimed about S$1.6m.
What you need to know about Singapore's proposed investment management regime
The regime will apply to local and foreign investors.
Singapore connectivity level reaches 99%: IMDA report
The report also found that 2 in 3 Singaporeans are keen to try new digital technologies.
Sophia Road residential redevelopment site on sale for $35m
The property has a land area of 13,783 sq ft.
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.
F&B sales growth slows to 6.9% in September
In August, F&B sales grew 8.6% YoY.
Retail sales climb 0.6% YoY in September
Month-on-month, however, sales fell by 1.6%.
Manulife US REIT's occupancy rate climb to 84.7%
Of all the executed leases, 7.7% were new, whilst 90.5% were renewals.
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Commentary
Singapore’s family offices: Time to professionalise or risk falling behind
Liquidity crucial to stock market reform