Singapore
Industrial prices and rentals continue to rise amidst drop in occupancy
Industrial prices and rentals continue to rise amidst drop in occupancy
In 3Q23, prices rose 6.2% YoY, whilst rentals increased by 9.3% YoY.
MPACT's net property income rises 2.2% QoQ to $183.2m in 2QFY23/24
The REIT likewise reported gains in its gross revenue and DPU.
Net profit of Sheng Siong jumps 5.7% YoY to $34.8m in 3Q23
The higher profit pushed the company's earnings per share up by 5.9% YoY.
Retail recovery drives 1.2% YoY increase in CLCT's net property income in 9M23
In 9M23, the REIT recorded a net property income of RMB316.4m ($59.8m).
Daily Markets Briefing: STI declines 0.24%; Genting Singapore is most active stock
Genting Singapore closed trading at 2.34%.
Resale condo prices rise as sellers hold firm to asking prices
In September, prices rose 0.8% MoM despite a drop in transactions.
How many hours do Singapore consumers spend on shopping apps?
Globally, time spent on shopping apps on Android phones alone is projected to rise 42% in 2023 from 2020.
Potential influx of expats from Hong Kong to spark demand for homes in prime districts
A Savills expert said Hong Kong expats are likely to purchase homes in District 9, 10, and 11.
Manufacturing output grows 10.7% MoM in September
Excluding the biomedical manufacturing segment, output would’ve grown by 17.9% MoM.
High Street Centre up for sale via public tender for $748m
The tender closes on 25 January 2024.
Condo resale prices increase by 7.6% YoY in September
Across submarkets, RCR posted the highest year-on-year price increase.
Condo resale volumes drop 18.4% MoM in September
Over 700 units got resold during the month.
UOB’s net profit up 5% to S$1.5b in Q3
Net fee income growth helped drive profits.
The power of unified identity security
Modern enterprises grapple with evolving identity, data access, privilege, automation, and unification challenges.
LTA completes upgrade of North-South and East-West lines
As part of the upgrade, LTA replaced more than 1,100 track circuits.
Mapletree Industrial Trust's net property income drops 1.4% YoY to $128.6m in 2QFY23/24
In the same quarter, DPU fell 1.2% YoY.
CICT posts 0.6% YoY higher net property income of $275m in 3Q23
The REIT attributed its improved NPI to higher gross rental income.
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