Singapore

Frasers Property Limited issues inaugural $420m green retail notes

It will be offered at an interest rate of 4.49% per annum with semi-annual payments.

Frasers Property Limited issues inaugural $420m green retail notes

It will be offered at an interest rate of 4.49% per annum with semi-annual payments.

IHH drops acquisition of Ramsay Sime Darby Healthcare

A $1.35b buyout offer was earlier proposed by IHH.

Upcoming projects in OCR to receive high demand: PropNex CEO

This after the healthy response for AMO Residence and Sky Eden.

Singtel inks partnership with Intel to push 5G multi-access edge incubator

The incubator will be powered by Intel’s 4th Gen Xeon Scalable processors.

Port of Singapore bags second ‘Best Global Seaport’ title

In addition, the port was also named “Best Seaport in Asia.”

CHART OF THE DAY: What do Singaporeans feel about NFTs, cryptocurrencies?

Over half of the respondents are not too enthusiastic about these.

Why did leasing volume for private homes in CCR decline? 

There is a scarcity of supply for wealthy expatriates.    For the third consecutive quarter, Savills said the leasing volume of private residential assets dropped by 8.7% to 20,751 transactions in the second quarter this year.   Savills said the leasing volume in the core central region (CCR) went down because of lack of accommodation for rich foreigners.   “Consequently, without their preferred  accommodation, some have rescheduled  their relocation here or temporarily living  in serviced apartments/hotels while their  families are waiting overseas,” said Savills in its 2022 report.   This trend is still happening in the third quarter of 2022, Savills also said.   “From the top down, this has a pneumatic effect on forcing up rents across the rental chain. However, stocks are also limited in  those regions, but not in such short supply as those in the luxury range,” the property expert said.  

66% of young Singaporeans prefer renting to buying a property

They cite a lack of savings as a reason for not purchasing.

Market update: STI up at 0.82%, Jardine C&C top gainer

Jardine Cycle & Carriage led the stock exchange.

Staff retention, satisfaction in healthcare a top priority in 3 years time

One-third of healthcare leaders prioritise employee retention.

Singapore investor movement index stays flat in August

This is because of the market volatility during the month.

One in 4 Singaporeans consume less work from celebs with controversies

Younger consumers are more likely to watch the content of said celebrities.

Asia's sustainability traction has been sluggish but Singapore companies can usher in a new era

Worldwide, one-third of all food produced is wasted every year. That 1.3 billion tonnes of food is enough to feed 2 billion people – enough to feed the world’s hungry twice, with plenty of leftovers. This wasted food is worth US$1 trillion annually, and with each kilogram of food creating carbon dioxide emissions equivalent to the production of 25,000 plastic bottles, this waste is greatly costing the environment too.

Expect more million-dollar resale deals for HDB flats in 2022: analysts

There could be as many as 350 million-dollar deals by end 2022.

HDB resale volume drops 1.7% MoM in August

Of the total volume, only 1.4% were million-dollar flats.

Performance bond no longer required from employers hiring Filipino domestic workers 

Previously, employers had to purchase a purchase bond of $7,000.