News
Increase in rental demand linked to COVID-19 related construction delays: Desmond Lee
Increase in rental demand linked to COVID-19 related construction delays: Desmond Lee
The delays led to a demand for temporary accommodation.
Minister for National Development Desmond Lee said COVID-19-related construction delays to residential development projects played a part in the increase in rental demand in recent quarters.
IMDA, Huawei launches start-up incubator
The programme covers start-ups in the preseed and seed space.
HDB rents rise 1.8% MoM in October
By room type, Executive saw the highest rent increase.
Condo rents climb 2.7% MoM in October
Across sub-markets, RCR saw the highest rent increase.
Prime US REIT sees a 6.1% drop in net property income in Q3
Its net property income fell to US$24.2m.
First REIT's net property income jumps 40.1% YoY to $79.08m in 9M22
The increase was due to the contributions from acquisitions in Japan.
American Express appoints Marlin Brown as Singapore Country Manager
He was recently the country manager for Thailand.
American Express has named Marlin Brown as its new Singapore Country Manager.
Singapore Airlines, Virgin Australia resume codeshare flights
Customers can now access a multitude of destinations across both airlines' networks.
Chart of the day: Younger generation chooses hustle culture to combat inflation
Gen X and Baby Boomers meanwhile would rather cut down non-essential spending.
CCCS calls for public feedback on SATS’ proposed acquisition of Promontoria
The public can submit feedback until 18 November at 5 pm.
Singapore to raise Assurance Package by $1.4b
This is due to the inflation situation in the market.
ANEXT Bank unveils programme to improve embedded finance for SMEs
The programme is open to all e-commerce marketplaces, fintechs, amongst others.
Singtel co-leads consortium for $420m Asia Link Cable System project
The undersea fibre optic cable system spans 6,000km.
Condo resale prices up 0.3% in October
Resale prices of condos in the CCR fell 1.1%, offset by prices in RCR and OCR.
DBS, partners grant S$250,000 for climate-focused hybrid accelerator programme
The second run of Sustaintech Xcelerator will focus on nature-based approaches, amongst others.
MPA, partners kick off talks on establishment of green and digital trans-Pacific shipping corridor
The corridor will support the deployment of low- and zero-carbon ships.
NetLink NBN Trust selects main contractor for new central office
The tender was awarded to Obayashi Singapore Private Limited.
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