News

Home sales down 30% in December 2010

Excluding ECs, 1,332 units were sold in December, according to DBS.

Home sales down 30% in December 2010

Excluding ECs, 1,332 units were sold in December, according to DBS.

Singapore Exchange profit up 14% in 2Q FY2011

Adjusted net profit came in at $81.7 million and net profit without adjustment came in at $74.2 million.

Singapore inflation may reach 5%

Inflation may reach 5% in the coming months, MAS Deputy Managing Director Ong Chong Tee said.

Singapore fiscal surplus to register $6.4bln

Strong wage growth and buoyant corporate earnings are expected to bolster the official coffer, DBS said.

Singapore export headed for sluggish growth

Recent export numbers were on the weak side following the very rapid expansion seen from end-2009 and well into 2010, HSBC said.

Singapore non-oil domestic exports slowed to 9.4% in December 2010

A 1.1% contraction in electronic products dragged down the expansion of NODX.

Singapore total trade eased 9.1% in December 2010

Compared to the 13% y-o-y growth in the previous month, Singapore total trade eased in December 2010.

Australia picks Sembcorp Marine subsidiary to build $123mln ship

Sembawang Shipyard also secured three major upgrading contracts worth S$92 mln, including an LNG carrier longevity project.

A-REIT's profit surge 3.3% for 3Q FY10-11

The property developer's 3.7% YoY revenue jump was offset by higher operating expenses and an enlarged property portfolio.

Singapore properties remain hot despite cooling measures

Interest rate amid high liquidity and robust economic growth bolster property sales to 4, 313 units for 4Q10, offsetting the effects of the government’s cooling regulations.

Warm December private home sales herald cooling market

PropNex believes the record-breaking 1,699 private homes transactions recorded during the Christmas season might have urged the government to announce further cooling measures this month.

CapitaLand supports government property measures

CapitaLand is supportive of the government's measures to ensure prices rise at sustainable levels, in line with economic fundamentals, CapitaLand said.

Singapore Press Holdings profit down 29.3% in 1Q 2011

Singapore Press Holdings profit went down to $102.3 million in 1Q 2011.

'Mickey Mouse' apartments top developers' strategies for 2011

Success of shoebox residential units lead to more industrial projects based on shoebox units, OCBC said.

Office rents to increase 20% in 2011

Grade A rents are expected to rise up to $12psf this year, DMG & Partners said.

DBS sees an upswing in December 2010 export figure

The bank has penciled in a 14.7% YoY rise into its forecast for the non-oil domestic export figure due today.

Singapore retail sales down 2.4% in 2010

Car sales dragged retails sales down 2.4% y-o-y compared to November 2009, according to the latest report released by Singapore Department of Statistics.