Singapore
URA greenlights redevelopment of the Forum, voco Orchard, and HPL house
HPL will be in charge of the redevelopment.
CapitaLand Ascott Trust receives 36.6% valid acceptances at close of preferrential offering
The REIT offered a total of 100,538,4097 new stapled securities.
Condo resale transactions up in July to avoid ghost month
Property experts share insights on latest condo resale data.
SG’s big 3 banks lead stocks with highest net institutional inflows in August
The trio booked a combined net inflow of $609m.
Recovery of retail rents to be uneven: analyst
Experts forecast a slower increase of 2.0% YoY for the Suburban Area.
Standard vs. Plus vs. Prime: How do the new flat classifications differ from one another
The government will implement the new flat classification in 2H24.
Overall condo resale prices up 7.4% YoY in July
OCR posted highest price increase with 9%.
Leasing volumes in industrial market grows 6.1% YoY in Q2
There were 3,298 tenancies in the second quarter of 2023.
TMG's EBITDA grows to $103.3m in FY23
Its Singapore segment revenue was driven by higher bill sizes.
Retail sector offers the least work flexibility: report
Only four in 10 retail employees feel their employers offer flexibility.
SG, Vietnam boost cooperation in new and emerging sectors
Amongst sectors where the two countries will collaborate include energy connectivity.
IHH Healthcare beefs up stake in India’s Gleneagles Global Hospitals
The SG-based healthcare provider acquired the additional stake for $121.1m.
SG, India kickstart cross-border trade financing
The countries had their first live transaction using the TradeTrust Framework.
Manufacturing growth to return to positive territories in 4Q23: experts
In July, output rose by 4.1% MoM.
Business receipts of service industries rise 3.9% YoY in 2Q23
Recreation & Personal Services had the highest growth in revenue amongst industries.
Manufacturing output dips 0.9% in July
Excluding the biomedical manufacturing segment, the output would’ve grown by 1.7%.
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