News
PropNex’ net attributable profit falls 18.4% YoY to $22.1m in 1H23
PropNex’ net attributable profit falls 18.4% YoY to $22.1m in 1H23
Given the lower profit, the company proposed an interim cash dividend of 2.5 cents a share.
Total investment in commercial property falls 65% QoQ in Q2
The value of the total investment went down to $1.8b.
HDB resale prices up 7% in July, but less flats resold
A total of 2,056 HDB flats were resold during the month, 13% lower than a year ago.
Is there still hope for NFTs? Study shows there’s still potential
Knight Frank said transactions hit US$4.7b in the first quarter of 2023.
Watches, wine, and rare whisky top ultra-rich Singaporeans’ luxury collectibles
Knight Frank reported a 7% increase in the luxury investment index.
Grade A business park development fund launched in India: CLI
The fund has a target size of $525m to invest in business parks.
Chart of the Day: 5 most popular HDB towns amongst Singaporean homebuyers
The top 5 HDB towns accounted for 37.4% of transactions in 2Q23.
Frasers Property posts ‘steady’ operational performance in Singapore
Its commercial portfolio occupancy grew for the fifth consecutive quarter.
UOB Kay Hian profit up 32.7% to $69.6m in H1
Its revenue was up 22.4$ to $287.8m.
Complaints vs airlines industry up 39% in H1
Industry complaints are also a trend in other countries.
Asking prices for landed and non-landed seen to moderate: report
The price growth for these property types is slowing down.
DBS chief Piyush Gupta sells 100,000 shares, nets S$3.42m
Of these, 91,900 were sold at S$34.2253.
Half of fintech investments in SEA are from Singapore – Robocash
Indonesia comes second with $20.8b.
Big banks, investors fund Endowus digital wealth leadership in Asia
It was able to raise $35m from global banks, existing investors, and four Asian billionaire families.
SingPost to pay additional $1.7m over arbitration proceedings
The arbitration was commenced by Tan Ho Sung against SingPost.
What can moderate the prices of HDB resale flats?
In 2Q23, 21 of the 26 HDB towns saw price gains.
Singtel’s hyper-connected green data centre breaks ground
DC Tuas will offer 58 megawatts (MW) of IT load capacity.
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Commentary
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