News
MAS pledges S$150m to aid the financial sector
MAS pledges S$150m to aid the financial sector
The scheme aims to back projects and maximise the use of technologies.
Chart of the week: alternative payments used in 1 in 3 online shopping transactions
Singapore’s e-commerce market is forecast to grow by 15% this year.
‘Period of uncertainty’ awaits Sabana REIT unitholders after manager’s removal: ESR Group
More than half (57.5%) of unitholders voted for the removal of Sabana’s manager.
Lendlease Global Commercial REIT’s doubles net property income in FY23
It recorded an NPI of $153.9m during the period.
ARA US Hospitality Trust’s NPI rises 4.3% YoY to US$22m in 1H23
Given the higher NPI, the REIT proposed a 5.2% YoY higher distribution per stapled security.
Canvas8 expands to Singapore and the Philippines
Insights firm Canvas8’s CEO, Nick Morris, eyes bold expansion in key Asia Pacific markets as he foresees growth and opportunities in the region.
Lermit Road GCB on sale for $137.2m
The freehold GCB will be sold via private treaty.
What can stabilise private residential resale prices in 2023?
Resale prices have risen by 6.1% in 1H23.
SIA to ramp up services across its network during Northern Summer 2024
It will increase flights from Singapore to Australia, Japan, and India, amongst others.
8 in 10 local firms mull overseas expansion in the next two years
Firms believe it's easier to run an international business today.
Vacant buildings to turn into hostel accommodation for SG’s foreign HCWs
The retrofitted rooms are for newly employed Singapore public healthcare workers.
IHH Healthcare grants approval for Agilus IPO plans
The timing of the IPO will be determined by Agilus and Fortis.
Sabana Reit unitholders vote: external manager out, internal manager in
More than 50% of votes were cast for both resolutions.
Daily Markets Briefing: STI up 0.53%; Sembcorp Industries is top stock
Sembcorp Industries traded 8.75% up.
Buyer fatigue? LakeGarden Residences sells less than 25% of its units during launch
The Wing Tai development has a total of 306 units.
Elite Commercial REIT posts 24.2% YoY lower DPU of £0.0194 in 1H23
On a quarter-on-quarter basis, DPU grew by 6.4%.
Altura EC receives strong demand from HDB upgraders
Units allocated for second-timers during the launch got sold within the first 3 hours of sales.
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Commentary
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