News

Spending behaviour continues to show drastic changes.

Around 76% expect revenue to contract in 2020. About 69% of Singapore’s occupier clients expect the business environment to deteriorate in H2 2020, according to CBRE. This comes on the back of the lingering economic impact from theCOVID-19 pandemic. In addition, 76% surveyed expect revenue to contract in 2020, with most of them expecting a contraction between 10% to 30%. Seventy-seven percent have not been offered any relief measures by landlords, whilst 35% have commenced talks with landlords about it. Furthermore, 69% of Singapore respondents’ leasing decisions were also impacted by the COVID-19 outbreak, putting expansion plans and site visits on hold. As a result of the ongoing circuit breaker period, 96% of respondents now plan to increase their investment in tech to support remote working and business continuity planning (BCP) after the pandemic.

Rental transactions fell as manufacturing firms halted physical footprint expansions.

And FairPrice introduces 'store on wheels' to residents.

Biolidics saw the sharpest decline amongst top active stocks with a 34.87% contraction.

The COVID situation could affect the completion of 1.9 million annual supply of industrial space.

The costs of private transport and services continue to drop.

40% say they are fully equipped to support remote work schemes.

Customer usage of digital banking services increased.

Only 34% of its stores were open on 15 February.

Funds will be used in developing solutions for HVAC systems.

Growth in property expense outpaced revenue growth during the quarter.

Key tech trends identified across articles in Singapore media.

The notes will be issued under the $5b medium-term note programme.

Sunac China Holdings won the bid through Tianjin Sunac Real Estate.

The sale could provide much needed cash for the family-owned oil giant.