News

HDB rents up 2.4% in August 

Overall rents grew by 21.6% year-on-year in August 2022.

LTA increases ERP rates by $1.00 in 5 locations

The increase will take effect on 19 September.

Keppel O&M challenges government decision on customer claims on rig contract

The company has already filed an injunction to prohibit payment on a standby letter of credit.

Parkway Life REIT acquires three nursing homes in Hokkaido, Japan for $26.1m

The acquisition is expected to generate an average net property yield of 6.5%.

Ascendas REIT to acquire cold storage facility at 1 Buroh Lane for $191.9m

The acquisition will be funded through internal resources and/or existing debt facilities.

Lentor sites received only 5 bids: URA

Public tender closed four months after it was launched.

Holiday activities, rising interest rates to blame for low condo resale volume

Condo resale volumes declined 14.5% month-on-month in August 2022.

Chart of the day: Service satisfaction rises with more use of real estate tech

9 out of 10 consumers prefer agents who use three or more property tech in their service.

Singapore’s digital bank Trust reaches 100,000 customers

Users were aged 18 to over 90 years old, Trust Bank said.

DBS unveils targets for decarbonisation, data coverage under net zero goal

It plans to reduce emissions from O&G sector by 28% in 2030.

Around 3 in 5 adults oppose online gambling: report

It is the fourth market most opposed to online gambling.

SGX securities turnover value climbs 35% MoM to $24.3b in August 

The pickup was on the back of the corporate earnings season.

SGX RegCo pushes for a 9-year limit for independent directors

The regulator said the cap will help the bourse achieve its diversity outcomes.