Singapore

Growth of industrial rents to moderate by 1%-3% in 2023: Colliers

In 2022, the market recorded an annual growth of 6.9%.

Growth of industrial rents to moderate by 1%-3% in 2023: Colliers

In 2022, the market recorded an annual growth of 6.9%.

Freehold bungalow in Braddell Heights sells for $19m

ABN Holding Pte. Ltd purchased the property via tender. 

Which sectors are net sellers for the stock market in January?

The stock market closed 3,365.67 points in January, up 3.51% from December. 

ST Engineering JV with SP Group to roll out LoRaWAN-powered sensor network

It is affordable and a fast access for business and IoT providers.

SATS signs MOU with polytechnics to boost talent pool

They will also establish a framework for knowledge exchange.

VFlowTech raises US$10m in Series A funding

The startup will use the funds to expand its market presence in the US. amongst others.

Boustead Singapore plans to take real estate subsidiary private 

It offered to buy all of Boustead Projects Limited’s shares for $0.90 each share.

LTA increases ERP rates by $1.00

The adjustment will take effect on 13 February.

Commercial building on South Bridge Road sold for $13.58m

The building has a gross floor area of 1,042.31 square meters (sqm).

OCBC CEO Helen Wong appointed as executive director 

She will now assume responsibility for both roles.

SMU’s institute of innovation, Kajima Holdings to boost startup ecosystem

Kajima will support research collaborations and business competitions.

SG and Dubai seen to be top cities for prime capital growth: Savills

It was forecasted that Singapore’s growth will be between 6% to 7.9%.