Staff Reporter
Industrial property occupancy rate increases to 89.0% in 4Q23
Industrial property occupancy rate increases to 89.0% in 4Q23
The latest figure represents a 0.1 ppt increase compared to 3Q23.
Sun Life expands private health services to HNW market
High-net-worth clients in Hong Kong, Singapore and Taiwan will have access to US-based PinnacleCare.
DBS, OCBC to log higher net profits, muted loan growth for Q4: analyst
DBS may hike its quarterly dividend by 6 cents to return surplus capital.
Demand for industrial space dwindles to 86,000 sqm in 4Q23
With lower demand, the occupancy rate edged up by 0.1 ppt.
Daily Markets Briefing: STI down 0.26%; Top stock is DBS
DBS is the top stock with a (+0.251%) increase.
Condo resale price growth seen easing this year: experts
Total resale volume could dip to as low as 9,000 units.
How will the expected higher core inflation affect the real estate sector
Core inflation is expected to rise 3.5% in 2024.
Singapore cap rates remain steady in 4Q23
The gross yield of commercial properties in Singapore ranges from 3.00%-6.25%.
EnterpriseSG eliminates CEO post, instates Executive Chairman
Lee Chuan Teck will serve as Executive Chairman starting 1 April.
Mapletree Logistics Trust posts 1.5% YoY higher net property income in 3QFY23/24
With a higher NPI, the trust proposed a 1.2% YoY higher distribution per unit.
OUE Commercial REIT marks 10th year with new moniker
It will be known as OUE REIT beginning 29 January.
CLINT increases renewable energy usage by over 70% with a new solar plant in India
The 21-megawatt solar plant will generate over 30 million kWh of electricity annually.
FCT to acquire an additional 24.5% stake in NEX for $523.1m
The acquisition will raise FCT’s effective interest in NEX to 50%.
Changi Airport’s passenger traffic soars to 58.9 million in 2023
The 2023 record is 86% of the 2019 level.
Central bank to maintain status quo on monetary policy
Core CPI inflation rose to 3.3% YoY in December higher than expected 3%.
Dasin Retail Trust receives EGM requisition notice from unitholders
The notice proposed two resolutions for the matter.
OCBC expands money lock feature to time deposits
The feature has been used by 30,000 customers.
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