Singapore
High rents drive tenants away from condo market: analysts
High rents drive tenants away from condo market: analysts
Condo rental volumes declined by 18.6%MoM in February.
Keong Hong unit bags $118m tender for office building at Cecil Street
The unit will begin construction in May.
WMI and PBIG partners to fortify Singapore’s Philanthropy Hub
The partnership is supported by the Monetary Authority of Singapore (MAS).
Condo rents climb 3.5% MoM in February
Across sub-markets, OCR Recorded the highest rent increase.
HDB rents rise 1.2% MoM in February
By room type, 4 Room and Executive recorded the highest rent increase.
JTC opens site under IGLS on Tampines North Drive
The area is the third of four confirmed list sites for the first half of the programme.
9 Singapore restaurants land on Asia’s 50 Best Restaurants list
Odette ranked the highest at 6th place.
Only 3 in 10 Singaporeans have a retirement plan
Surprisingly, the top personal finance goal of 63% of Singaporeans is to save for retirement.
Only 2 in 10 are fully satisfied with customer service’s waiting time: report
Qualtrics research showed that 57% of consumers said their issues were fully resolved.
Chart of the Day: 41% agree that travel is more needed since 2020
It is higher compared to the global average of 35%.
Economic growth to slow down in 2023
UOB expects full-year GDP to grow by only 0.7%.
Daily Markets Briefing: STI up by 0.51%; CapitaLand Investment is most active stock
CapitaLand Investment was the top stock with a 3.10% increase.
Far East H-REIT receives $18m incentive fee from Central Square divestment
The REIT has received a total of $331.2m from the sale of the property.
Manulife US Reit says lenders mainly from Singapore’s local banks
The life insurance company said none of its lenders is US-based.
Sembcorp terminates solar energy, battery project in Indonesia
The agreement was signed with PT PLN Batam and PT Trisurya Mitra Bersama.
Keppel unit sells stake in PH mall to BDO for $195.0m
BDO already holds a 50% stake in the mall.
Singapore’s condo market on track to underperform in Q1: analysts
The primary sale market will continue to struggle in 2023.
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