News
Condo tenants shift to HDB flats due to high rent: experts
Condo tenants shift to HDB flats due to high rent: experts
More renters might choose cheaper units if private rents remain elevated.
UOB posts record net profit of S$1.6b in Q1
Core operating profit was also 60% higher at S$2.1b.
Heads up: Gov’t raises ABSD rates to manage property investment demand
The rates increased to 60% for foreigners whilst 65% for entities or trusts.
Manufacturing output drops 4.2% YoY in March
Excluding biomedical manufacturing, the output would have fallen by 6.0% YoY.
Divestment of Daikanyama hits Starhill Global REIT’s NPI
The net property income (NPI) declined 1.3% YoY in 3Q FY22/23.
Analysts tell investors to stay defensive amidst uncertain US Fed policy action
Preferred exposure is healthcare, industrial REIT sectors, and consumer staples.
Daily Markets Briefing: STI down 0.06%; Top stock is Frasers L&C
Commercial REITs are leading.
Chart of the Day: Shophouse sales volume down 46% YoY in Q1
It went down to 28 deals in the first few months of the year.
More than half of SGX firms polled are vulnerable to email fraud: report
Only 8% actively block suspicious emails.
Yangzijiang Shipbuilding secures $1.58b year-to-date order-wins
The company now has 147 vessels worth $14.68b.
Keppel Data Centres, Woodside to explore supplying liquid hydrogen to Singapore
Keppel could buy around 1,000 tonnes of liquid hydrogen a day.
IREIT Global portfolio occupancy dips to 87.0% QoQ
But its rental rate grew to 3.4%
Greenwashing? Nearly 70% of top-level executives admit overstating sustainability goals
But 92% believe greenwashing is “accidental.”
Suntec REIT’s distributable income drops 26.8% YoY to $50.3m in 1Q23
Given the drop, it recorded a 27.4% YoY lower DPU to unitholders.
FCT’s net property income rises 5.7% YoY to $137.96m in 1H23
Despite the increase, it recorded a 0.1% YoY lower DPU of $0.06130.
ESR-LOGOS REIT net property income soars 78.2% to $70.4m in 1Q 2023
The contributions from ARA LOGOS Logistics Trust after its merger drove the growth.
Core inflation to fall below 5.0% in remaining quarters
RHB expects core inflation to fall at around 2.5% at year-end.
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