Singapore
Singapore highest globally for total stamp duty on foreigners
Singapore highest globally for total stamp duty on foreigners
The market recently put a 100% increase in the ABSD rate for foreigners.
Private home prices to cool off at 4%-7% in 2023: experts
Meanwhile, expect more buyers to return once the interest rate stabilised in the second half.
Singapore has the priciest office fit-out costs in SEA
The Lion City’s fit-out cost for a basic hybrid is $113 (US$86 psf).
HDB resale prices to cool off at 5%-8%: experts
Meanwhile, expect demand for resale flats to increase in the second half of 2023.
OUE Commercial REIT’s NPI up 18% YoY in Q1
Its revenue also grew due to Hilton Singapore Orchard's contributions.
AA REIT posts 5.1% YoY growth for DPU in FY 2023
The distribution per unit (DPU) grew to 9.944 cents.
MPFunds trader programme launches in Asia
Participants can earn up to $530k whilst learning how to trade.
Singapore and Hong Kong’s talent war intensifies: CBRE
Both markets have put up schemes to woo foreign talent.
Daily Markets Briefing: STI up 0.15%; Frasers L&C is most active stock
Frasers L&C is at the top.
Chart of the Day: SG vs HK on R&D spending
Singapore spends 1.9% of its GDP on research and development.
HDB resale volume down 4.3% MoM in April
There were 2,188 HDB resale flats sold in April 2023.
Singtel, Etiqa offers Singtel Bill Protect for retrenched Singaporeans
Eligible customers could use the insurance plan to cover accidental death.
SG Tourism Board appoints new chief executive
Melissa Ow will take on the new role.
Changi Airport passenger movement quadruples to 4.63 million
The airport saw continued growth in its North America, Southwest Pacific, and Europe markets.
CICT’s downtown malls to benefit from return-from-office workers
The recovery of China’s economy will also woo visitors in the malls.
Wilmar International to see better earnings in H2: analyst
The company would also see better consumer demand due to lower household inventory and SME recovery.
Daily Markets Briefing: STI down 0.73%; DBS is most active stock
DBS is the most active stock.
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