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Daily Markets Briefing: STI down 1.29%; Jardine C&C was top stock
Daily Markets Briefing: STI down 1.29%; Jardine C&C was top stock
Jardine Cycle & Carriage led the STI.
Buyer demand for private homes down in Q4 22
New cooling measures led to the slowdown of price growth in the final quarter.
IPO proceeds fall 97% YoY in 2022: EY
Proceeds fell despite no change in the number of IPOs.
Tender for freehold redevelopment site in Lorong Ampas opens
The site has a reserve price of $65m.
Private residential home prices up by 8.4% in 2022
However, it is a decrease from last year due to a decline in sales.
APAC Realty acquires 22% stake in ERA Vietnam for $4.9m
The acquisition will bring APAC Realty’s total stake in ERA Vietnam to 60%.
Return of Chinese tourists seen to help grow SG travel market by 60%
Euromonitor International said the reopening of China will make a stronger return.
3 floors of strata office in 20 Cecil Street on sale for $36m-$37m each
The offices have a combined gross floor area of 33,648 sq ft.
Loosen requirements in acquisitions of business subsidiary to improve dealmaking: EY
It will enhance mergers and acquisition schemes in the country.
Chart of the day: Unrecyclable products concern Singaporean shoppers the most
Six in 10 shoppers say they are concerned about products that cannot be reused.
Retail industry to face uncertainties in 2023: analyst
Easing economic growth and tax hikes will affect retail transactions.
Daily Markets Briefing: STI up 0.88%; ThaiBev led the index
ThaiBev, Frasers L&C, and DBS were top stocks.
Singapore’s economic growth to outperform US, EU in 2023
It is expected to increase by 2.3% YoY.
Cooling measures effective in quelling property price growth: analyst
Monthly price growth was down 1% since the property measures were enforced.
Keppel O&M bags S$130m offshore substation contract
The substation will have a capacity of 600MW.
Premium, Grade A office space rents up by 0.9% QoQ in Q4 22
Rents reached $11.40 per square feet in the fourth quarter last year.
Economic growth slows down in 2022
For the full year, GDP only increased by 3.8%.
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