News
Keppel Pacific Oak US REIT’s distributable income drops 10.7% YoY to US$13.1m in 3Q23
Keppel Pacific Oak US REIT’s distributable income drops 10.7% YoY to US$13.1m in 3Q23
The REIT attributed the decline to higher financing costs.
Parkway Life REIT acquires two nursing homes in Osaka for $16.4m
The REIT will acquire the property at approximately 11.9% below valuation.
Daily Markets Briefing: STI declines 1.11%; Wilmar International is most active stock
Wilmar International is top stock, increasing 0.28%.
Electronics cycle shows tentative signs of bottoming – expert
In September, electronics NODX saw a narrower contraction of 11.6 YoY.
Fewer HDB upgraders bought condos for at least $5m in 3Q23
Only 12 units were transacted for at least $5m.
Singapore targets $160b manufacturing sector boost by 2030: DPM Heng
Heng Swee Keat put emphasis on three key priorities that the industry must continue to innovate on.
URA puts up Orchard Boulevard site for sale under GLS programme
The site is residential with a 1st storey commercial and has a 99-year lease period.
Savills cuts 2023 property investment sales value forecast to $19b-$21b
This is on the back of the geopolitical situation globally.
Property investment value doubles QoQ to $7.13b in Q3
Investments in the residential sector also doubled to $3.43b.
Mixed-use property at River Valley Road for sale via tender
Mixed-use property at River Valley Road for sale via tender
Experts anticipate limited bidding enthusiasm for Orchard Boulevard GLS site
The site may attract one to five bidders, said experts.
OCBC SME Index: Which sectors are the best and worst performers of 3Q23?
Overall, SMEs' performance and health remained in a state of contraction with a 49.6 reading.
Why international firms continued to locate offices in Singapore
This supported the increase in occupancy and rent of prime-grade offices.
OCBC names new Greater China head, OCBC Wing Hang China CEO
Wang Ke and Ang Eng Siong are stepping up to their new roles on 1 November.
Movies, TV shows influence travel destinations of 8 in 10 Singaporeans
Jeju Island, the filming site of K-drama “Our Blues,” topped Singaporeans’ destination of choice.
Prime Grade office rents were not deterred by the slowing economy: expert
Office rents in Raffles Place/Marina Bay grew 0.8% QoQ and 5.1% YoY.
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