News
Abundant land supply, high interest rates trigger lower bids for Lentor sites
Abundant land supply, high interest rates trigger lower bids for Lentor sites
Property experts warned of heightened macroeconomic challenges.
Chart of the day: E-commerce brands on Facebook gets the most interactions
Retail food is the least popular amongst Singaporean Facebook users.
Market update: STI down at 0.97%; only Jardine C&C posted growth
Jardine C&C is the only stock that posted growth.
UOB unveils refreshed branding with new logo, seal mark
The bank will also be kicking off a regional brand campaign involving TV films and ads.
Love on a budget: 7 in 10 S’poreans will continue to date despite financial pressures
However, singles remain budget conscious as 72% would prefer free activities for dates.
Singaporeans need to save 7.6 days’ of salary to afford the iPhone 14 Pro
Globally, the Swiss are the most able to afford the iPhone.
Non-residents boost employment figures in H122
There were 95,400 non-residents employed during the first half.
HDB rents up 2.4% in August
Overall rents grew by 21.6% year-on-year in August 2022.
LTA increases ERP rates by $1.00 in 5 locations
The increase will take effect on 19 September.
Condo rents climb for 20th consecutive month
It rose by 3.2% MoM in August.
Keppel O&M challenges government decision on customer claims on rig contract
The company has already filed an injunction to prohibit payment on a standby letter of credit.
Parkway Life REIT acquires three nursing homes in Hokkaido, Japan for $26.1m
The acquisition is expected to generate an average net property yield of 6.5%.
Ascendas REIT to acquire cold storage facility at 1 Buroh Lane for $191.9m
The acquisition will be funded through internal resources and/or existing debt facilities.
Lentor sites received only 5 bids: URA
Public tender closed four months after it was launched.
Holiday activities, rising interest rates to blame for low condo resale volume
Condo resale volumes declined 14.5% month-on-month in August 2022.
Chart of the day: Service satisfaction rises with more use of real estate tech
9 out of 10 consumers prefer agents who use three or more property tech in their service.
Market update: STI up 0.47%, CapitaLandInvest at the top
CapitaLandInvest was top gainer.
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