Staff Reporter
Chart of the Day: 87% of real estate execs point towards rising constructions costs as potential red flag
Potential risks include rising costs of construction, inflation, and interest rates that can lead to a negative impact on market sentiment.
Good Class Bungalow sales hit fresh peak at $1.2b in H12021
The GCB market could enter a renaissance period in the next 12 months.
Luxury condo deals hit record breaking $2b in H1 2021
Sales activity in the prime non-landed residential segment for the first half of 2021 surpassed the amount transacted for the whole year of 2020.
Ascendas Reit net property income rose 14.8% YoY to S$445.6m in H1
Its gross revenue also rose 12.4% to S$586m.
Great Eastern reveals 102% higher earnings for H1
However, its Q2 profit fell by 22% to $232.3m.
New Workplace Arrangements Here to Stay
Your employees aren’t coming back to the office, at least not in the traditional sense. The pandemic shifted almost all industries into remote work.
GuocoLand, OCBC, Doxa to develop digital platform for dev’t projects transactions
This will be ready by October and will be piloted through Meyer Mansion.
Is SIA on a runway to recovery?
The flag carrier narrowed its net loss to $409m for the first quarter.
86,600 SG residents jobless in June amidst heightened alert and Delta jitters
Total employment fell in the second quarter by 15,700.
Daily briefing: Entry-level social workers’ monthly median salary up to $3,600; SG extends more support for COVID-hit low-income households
And Singtel rejects offer to buy its shares in Thailand’s biggest phone company.
Market Update: STI down 0.37%
China-based Yangzijiang Shipbuilding and Hongkong Land led the index on the first trading day of August.
SG bank loans expand by a record-breaking 3.5% in June
This is the fastest rate of expansion since October 2018.
PLQ's newest robot resident Oscar to assist mall goers
The AI-enabled robot can provide wayfinding services and admonish illegal smokers in the area.
Sembcorp sees positive net profit in H1 despite impairment in Chongqing power plant
It will release its unaudited financial results on 6 August.
Dover Forest BTO flat launch price could go as high as $700k
OrangeTee says more young people are aspiring to live in mature estates.
Services sector remain optimistic for July to December
A net weighted balance of 11% of the firms gives a “favourable business outlook” expectation.
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