News

Expect attractive BTO projects in November: PropNex

Over 9,500 units will be offered in three locations.

Market update: STI up 0.91%

Yangzijiang Shipbuilding led the index.

Chart of the day: Singaporeans are not to keen on cryptos and NFTs

This is despite 64% saying they find digital learning as a “good change”.

Manufacturing-related stocks netted $19m institutional inflows in Q3: SGX

Total return of the iEdge SG Advanced Manufacturing Index is at 25%.

SG is the world's 2nd freest economy: Fraser Institute

It received an 8.48 rating.   With a rating of 8.48, Singapore ranked second in the latest Economic Freedom of the World report by the Fraser Institute.

How can SG boost social cohesion in society? Wong explains

It will take deliberate measures to overcome differences in the society.

Frasers Property Limited issues inaugural $420m green retail notes

It will be offered at an interest rate of 4.49% per annum with semi-annual payments.

IHH drops acquisition of Ramsay Sime Darby Healthcare

A $1.35b buyout offer was earlier proposed by IHH.

Upcoming projects in OCR to receive high demand: PropNex CEO

This after the healthy response for AMO Residence and Sky Eden.

Singtel inks partnership with Intel to push 5G multi-access edge incubator

The incubator will be powered by Intel’s 4th Gen Xeon Scalable processors.

Port of Singapore bags second ‘Best Global Seaport’ title

In addition, the port was also named “Best Seaport in Asia.”

CHART OF THE DAY: What do Singaporeans feel about NFTs, cryptocurrencies?

Over half of the respondents are not too enthusiastic about these.

Why did leasing volume for private homes in CCR decline? 

There is a scarcity of supply for wealthy expatriates.    For the third consecutive quarter, Savills said the leasing volume of private residential assets dropped by 8.7% to 20,751 transactions in the second quarter this year.   Savills said the leasing volume in the core central region (CCR) went down because of lack of accommodation for rich foreigners.   “Consequently, without their preferred  accommodation, some have rescheduled  their relocation here or temporarily living  in serviced apartments/hotels while their  families are waiting overseas,” said Savills in its 2022 report.   This trend is still happening in the third quarter of 2022, Savills also said.   “From the top down, this has a pneumatic effect on forcing up rents across the rental chain. However, stocks are also limited in  those regions, but not in such short supply as those in the luxury range,” the property expert said.  

Market update: STI up at 0.82%, Jardine C&C top gainer

Jardine Cycle & Carriage led the stock exchange.