Singapore
Manufacturing firms optimistic about business in the remaining months of 2023
Across industries, firms in the transport engineering cluster expressed the highest optimism.
Manufacturing firms optimistic about business in the remaining months of 2023
Across industries, firms in the transport engineering cluster expressed the highest optimism.
CapitaLand Ascendas REIT’s net property income rises 6.7% YoY to $508.8m in 1H23
The REIT attributed the increase to “robust operational performance.”
First REIT posts lower net property income of $52.4m in 1H23
The REIT’s NPI fell 0.6% YoY.
Foreigners hit by cooling measures boost condo rental volumes in June
Volumes grew 12.5% MoM.
Shareholders OKs disposal of LHN logistics through voluntary general offer
This complies with the general offer proposed to be made by Milkyway International.
Core CBD Grade A rents to stabilise in 2H23
EDMUND TIE expects a lower rental growth of 0.3% -0.5% for the market in 2023.
Retail rents to see a sustained recovery in 2023
EDMUND TIE expects full-year rental growth of 1%-3% for prime retail spaces.
Mercu cuts cost and time spent on hiring, training deskless workforce
Employee turnover in frontline industries can be up to 4x higher than office-based workers.
LIST: Condo launches in August homebuyers should look out for
Four residential developments will be launched for sale this month.
Daily Markets Briefing: STI up 0.22%; Keppel Corporation is top stock
After reporting highest ever net profit, Keppel Corp traded 2.50% up.
S-REITs to withstand softening property market conditions
URA data shows that vacancy rates for retail spaces in Central Area have increased to 13.2%
MAS unveils revised framework to strengthen anti-ML controls in single family offices
There will be harmonised class exemption for SFOs who meet specific requirements.
Treading the sustainability tightrope: C-Suite focus areas to accelerate the green vision
Now a mainstay in the corporate lexicon, sustainability has become mission-critical for business success in the new trust era as governments, partners, employees, and clients increasingly consider ESG in their decision to engage with organisations.
Private housing vacancy up to 6.3% in Q2
The vacancy rates in the Core Central Region and the Rest of Central Region were both at 7.9%.
Wealthy investors and family offices drive demand for shophouses in H1
Changes to the Residential Property Act may raise prices further and tighten already limited supply.
Office space prices up 1% in Q2
Vacancy declined to 10.8% during the period.
Condo rental market reaches Nash’s equilibrium in June: property firm
SRX and 99.co said condo rental market grew 0.3% in June 2023.
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