News
CBD prime office rents stagnant in 3Q11
Average gross rent of office space in Raffles Place was flat at $9.80 psf/month in Q3 2011, after rebounding by 25.6% in Q1 2010.
CBD prime office rents stagnant in 3Q11
Average gross rent of office space in Raffles Place was flat at $9.80 psf/month in Q3 2011, after rebounding by 25.6% in Q1 2010.
UOB plans doubling cross-border business lending
The lender has set up a Foreign Direct Investment Advisory unit to drive the increase in business.
Singapore PMI down to 48.3 in September
This is the third straight time that the manufacturing economy has contracted after having previously recorded 9 months of continuous expansion.
Tiger cries foul over Australian media report
The airline said a report by the Australian Broadcasting Corporation contained various inaccuracies.
Prime housing rents fall for first time in nearly 4 years
Housing rents in prime areas have dropped for the first time in nearly four years, as uncertainty in the global economy meant fewer executives are being hired, according to Jones Lang LaSalle.
Take your pick: 82% of companies prioritize benefit choice for employees
And 24% indicated their key priority for providing choice is to attract and retain talent.
68% of employers to hire more despite economic slowdown
50% of Singapore companies plan to hire more freelance staff and 32% will employ more remote workers in 2011/12.
Noble Group to subscribe for up to 15% of Atlas Resources’ IPO
Noble Group had provided a loan to Atlas Resources on 27 Apr11, and the contract has an option to convert this into a 10.1% stake in the company.
Designer homes: Would you like a scarf with that living room?
SC Global will collaborate with Hermès on the world’s first ever apartment entirely decorated by the luxury brand.
Visitor arrivals may have grown 10% to 12.8m in 2011
As tourism receipts for 1Q11 rose 36% to S$4.98b and are expected to surpass last year’s record of S$18.8b.
Investors sell off property stocks amidst uncertainty
This drove Singapore shares to a two-year low as property companies lost in Tuesday’s trading.
Singapore office rentals to drop 8% in 2012 - 2013
UOB expects office rentals to pull back to S$7.50-8.00 psf in two years as demand slows from weakening hiring pace and cost-cutting at banks.
Noble Group may list agri-business on SGX
The group has filed an application relating to a primary listing of its agricultural business on the SGX Mainboard.
Pulau Bukom fire started during maintenance preparation work
Preliminary investigation by the Ministry of Manpower showed that the fire broke out at a Pump House.
Playing safe: 77% of Asian investors won’t risk buying properties
And more than 75% of the investors said they aim for a 15% internal rate of returns or higher for investments.
Property investment deals slump 55% in Q3 2011
Investors are more cautious as real estate investment sales were only $4 billion in Q3 2011, the lowest level since Q1 2010.
Singapore trading threatened by Lehman-like trends
DBS has a grim market outlook as it cuts securities daily average volumes and values to 1.32bn and S$1.45bn from 1.89bn and $1.83bn in FY12.
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