Staff Reporter
Average price of new luxury condos dips to $2,782 psf in Q2
This translates to a 1.1% decline from Q1.
Analysts raises full-year headline inflation forecast to 5.5%-6%
A further tightening of monetary policy in October is also likely.
Chart of the day: Manufacturing output climbs 2.2% in June
However, output fell by 8.5%.MoM.
Market update: STI up 0.32%
CapitaLand Integrated Commercial Trust was on top of the index.
The Straits Times Index closed at 3,190.49, up 0.32%, on Tuesday, 26 July 2022.
New homes sold in mass market dip 16.6% QoQ in Q2
OrangeTee said the decline was due to the lack of new launches.
MAS and Google Cloud launch Point Carbon Zero Programme
The programme aims to jumpstart climate fintech solutions in Asia.
CLCT’s net income jumps 15.9% YoY to $139.5m in H122
The increase was due to strong contributions from CLCT’s business parks and logistics assets.
AIMS APAC REIT posts 1.3% DPU growth in Q1 FY23
The increase was due to the 34.3% jump in the REIT’s net income.
OUE C-REIT’s net income dips 14.2% YoY to $93.6m in H1
The decline was due to the deconsolidation of OUE Bayfront’s performance.
STI attracts $97m of net institutional flows in the past week
It recorded a 2.7% gain last week.
Singapore Airlines inks deal to help lift visitor economy in New South Wales
Currently, the airline operates four flights to the state’s capital, Sydney.
Stellar Lifestyle reinvents advertising with augmented reality
The firm was recognised at the 2022 SBR National Business Awards.
Foreign purchases of private homes soar by 102.8% in Q2
Most non-local buyers were from Mainland, China.
3 tech manufacturers to post weaker earnings in H1: analyst
UOB Kay Hian said the three have huge China exposure.
Auction listings soar by 47.5% QoQ to 118 in Q2
Almost half of the listings were recorded following the Fed’s interest rate hike in June.
Chart of the day: Residential sector overtakes commercial property in investment sales
Transaction volume of residential property types makes up 45% of the total volumes in Q2.
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