News
Mapletree Investments, PAG acquire Goldin Financial Global Centre for US$713 m
The building has a total lettable area of 886,703 sq ft.
UOB to issue S$850m perpetual capital securities with 5.25% rate per annum
The distribution rate will reset on 19 January 2028 and every five years thereafter.
Over 4 in 10 workers search for better-paying jobs amidst escalating prices
Singaporean workers expect their financial situation to deteriorate this year.
Keppel’s Paraiba acquires India-based Pune Kharadi Tower
The corporation acquired it with a paid capital of $162 (INR10,000).
6 former Keppel O&M senior management staff issued stern warnings over corruption
They allegedly gave US$55m bribe payments to officers of Petrobras.
ComfortDelGro to face lower earnings due to weak overseas operations
The analyst lowered its public transport margin for the final quarter.
Chart of the Day: Vacancy rate for business parks grew to 16.8% in Q4
This was due to inability of demand to keep up with new completed projects.
Gradual easing of inflation to stabilise S-Reits: analyst
Inflation slowly eased in October and November 2022.
Daily Markets Briefing: STI down 0.23%; SATS is leading
SATS is at the top with 2.49% up.
Securities volume in SGX down in H1 FY23: analyst
It grew year-on-year in December 2022.
Optimism in investment 2023 as SG clients increased exposure to markets
The investor movement index went up to 3.97 in December.
Price growth of private homes to moderate in 2023
CBRE expects prices to increase by around 3%-5%.
Islandwide prime retail rents to further recover in 2023
In Q422, rents rose 1.6% YoY to $25.15
Rental prices of prime logistics and warehouses to grow at slower pace
In 2022, rents grew by 10.2% YoY and 6.6%, respectively.
Real estate investment volumes down 55.6% QoQ in Q4 22
Total preliminary real estate investment volumes were at $3.194b.
Rental growth in Core CBD Grade A office market to slow in 2023
CBRE expects rents to only increase by 1.0% YoY.
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Commentary
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