Singapore

Rage applying, moonlighting, and quiet quitting emerge as leading employee trends in 2024

Inadequate pay is among the main factors driving these employee trends.

IREIT Global’s portfolio valuation dips 2.6% HoH in 2H23

The REIT portfolio valuation as of 2H23 was $1.3b (€899.0m).

FCT’s retail portfolio occupancy reaches 99.9% in 1Q24

The latest figure is 1.5%-pt higher than the 1Q23 record.

US emerges as the top source economy of Singapore's portfolio investment liabilities

Singapore's portfolio investment liabilities were at $593b as of the end of June 2023.

Daily Markets Briefing: STI down 0.1%; Top stock is DBS

DBS is the top stock despite a 0.468% decline.

KPMG urges Singapore to expand business perks to sustainability, AI, R&D

A  Sustainability Credit Scheme was proposed to help firms with their ESG push.

MSIG Insurance launches personal accident plan with essential, recovery support

It offers payout and support in the event of accidental death or permanent disability.

Investment sales fall 26.8% YoY to $20.5b in 2023

The residential market accounted for 64.4% of total investment sales in 4Q23.

Ex-JP Morgan banker named chairman of Bahrain neobank Singapore Gulf Bank

Edmund Lee was formerly vice chairman of APAC for JP Morgan Chase & Co.

Industrial sales value drop 4.4% YoY to $3.6b in 2023

Notable transactions in 2023 include the sale of Jardine C&C Regional HQ for $142m.

The Arcady at Boon Keng sells 51 of 172 units on launch day

One-bedder and two-bedder types accounted for the majority of the sales.

ACRA revokes registrations of LW Business Consultancy and its director

The firm reportedly committed anti-money laundering breaches.

  Private new home sales to start slow as buyers remain selective and price-conscious

The Arcady and Hillhaven sold more than 50 units each on launch day.

Auditor raises ‘material uncertainty’ on No Signboard

The company incurred a net loss of $4.7m in FY22.

E-LOG’s redevelopment project for NTS Singapore attains TOP status

The property now comprises two interconnected high-specification manufacturing blocks.

Cromwell EREIT’s Nervesa21 achieves 70% occupancy

Universal Music Group is the anchor tenant of the office development in Milan.