Staff Reporter
Singapore “safe haven” reputation to prop up prime grade office rents
Full-year office rent growth will come between 3% up to 5%.
Around 9 in 10 SG SMEs export to over 10 int’l markets
The average number of international destination markets in Singapore is 35.
CapitaLand Development buys prime mixed-use site in Vietnam
It is expected to be launched in 2024 and be completed in 2027.
Economy grows by 4.8% YoY in Q2
However, growth on a quarter-on-quarter basis remained flat.
Rise of the rents: Condo and HDB rents continue monthly climb
Analysts are divided on why rents continue to increase.
Singapore’s first energy storage system deployed at Pasir Panjang Terminal
It has a 2MW/2MWh capacity and is set to operate in Q3 2022.
ST Engineering launches Airbitat DC Cooling System
The system can help data centres achieve annual net energy savings of more than 20%.
MAS tightens monetary policy for the fourth time in a row
Core inflation is expected to rise above 4% in the near term.
Sinarmas Land Limited to dispose of Horseferry Property Limited for $415.1m
It will be sold to LTH Property Holdings 3 Limited.
Keppel infra consortium named preferred bidder for Korean waste management firm
The consortium still has to enter negotiations to finalise the acquisition.
ComfortDelGro to acquire GoBus operator for $17.52m
The acquisition will make the company the third largest inter-city coach operator in Ireland.
Prices of landed homes to increase by 10% for the whole of 2022
The property price index for landed homes rose 7.3% in H122.
Rise in family offices drives need for upskilling of wealth managers
There are 700 single-family offices in Singapore as of 2021.
Chart of the day: Singapore ranks 2nd in energy FDIs in ASEAN
The country has been part of the top three since 2008.
Market update: STI down 0.69%
Mapletree Logistics Trust and CapitaLand Integrated Commercial Trust were at the top.
Post-COVID property demand to buoy REITs earnings rebound
CICT, Frasers, and Mapletree Commercial Trust are best positioned to reap the benefits.
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