News
Trouble ahead: Expert predicts lower NODX contraction in 2023
In August, NODX fell by 20.1% YoY.
Chart of the Day: Business park space vacancy reaches highest level since 2014
The vacancy rate in the Central Region eased to 7.3%.
Daily Markets Briefing: STI down 0.53%; Emperador is top stock
Emperador posted a 1.96% increase.
Industrial rents to increase up to 6% in 2023
Warehouse rents will grow by 3% to 5%.
CLI’s core-plus private fund acquires logistics property in S.Korea for $112m
The acquisition brings the fund’s FUM to over $1b.
KKR to acquire 20% stake in Singtel’s regional data centre business
The global investment company will commit up to $1.1b.
Singapore Airlines Group’s passenger volume soars 43.5% YoY in August
SIA and Scoot carried around three million passengers during the month.
First Sponsor units acquire Allianz Tower in Rotterdam for $90.6m
The tower is fully leased to Allianz Nederland Groep until 31 December 2035.
Great Eastern collaborates with telco for home insurance plan
The insurer and Singtel unveiled a plan which covers various residential housing types.
Freehold two-storey GCB on Third Avenue is up for sale for $30m
The location is easily accessible by Pan-Island Expressway and arterial roads.
First digital catalytic capital marketplace created for environmental private investments
Co-Axis will be developed in phases, with the first phase to be launched in 2024.
Work pass for migrant domestic workers could cause rigidity in deployment: MOM
The Manpower ministry said there is available support for the workers.
Alpina Holdings nixed the proposed acquisition of Wan Dormitory
The agreement expired on 15 September 2023.
SGX reprimands current and ex-directors of engineering firm over listing rules violations
The listing disciplinary committee (LDC) found four mainboard rules violations.
Altura EC sells 88% of its units in second balloting
The average price of units is $1,470 per sq ft.
Non-oil domestic exports drop 20.1% YoY in August
Drop in electronics and non-electronic exports drove the overall decline.
Daily Markets Briefing: STI up 0.96%; Mapletree PanAsia is top stock
Mapletree PanAsia Commercial Trust closed trading 2.69% up.
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