News
Close to 1 in 2 SMEs paid their arrears on time in Q2
Close to 1 in 2 SMEs paid their arrears on time in Q2
The turning fortunes of the construction sector were cited as a possible reason for the improved performance.
Office rents in Q2 rose 1.5%
Gross effective rents hit $10.79 psf pm.
Chart of the Day: Outbound property investment from Singapore hit $9.6b in H1
Office properties accounted for the highest investment sales volume at $6.4b.
Daily Markets Briefing: STI up 0.36%
Singtel led the gains at 0.57%.
Daily Briefing: Social service agencies to get $20m grant for tech adoption boost; AI platform Near bags $135.9m
And here are the best teams to work for in Citi Singapore.
Utico's 88% stake acquisition in Hyflux could reach $535m
It includes a $400m commitment to the water treatment firm.
SGX RegCo launches consultation for proposed safeguards to securities market
Proposed enhancement include price collars and an extension of the auction routine.
Tepid growth ahead for Sheng Siong stores as consumer spending weakens
The contribution of same-store-sales to earnings is expected to hit only 0.5% in 2019-2020.
Suntec REIT buys Australian freehold Grade A office for $141.51m
The 12-storey property has an NLA of 282,000 sqft and a committed occupancy of 91.6%.
Keppel REIT NPI dropped 28.1% to $31.06m in Q2
It was dragged by the lower one-off income from Ocean Financial Centre.
Koh Brothers Eco Engineering nabs $668.2m contract from PUB
It will construct influent pumping stations for the Deep Tunnel Sewerage System Phase 2 project.
Maybank demands $33.6m from Hyflux for early termination of hedging deal
The bank designated 4 July as its date of termination.
SIA Group passenger load factor up 1.6ppt to 86.2% in June
Passenger carriage rose 8.5% YoY.
Seletar Mall buy could add up to 10% to SPH REIT's FY 2019 DPU
The firm’s DPU inched up 1.5% YoY to $0.0139 in Q3, thanks to higher contributions from The Rail Mall and Figtree Grove Shopping Centre.
Developer sales in June up 25% to 821 units
The growth was driven by Sky Everton which sold 134 units at an average $2,523 psf.
Daily Briefing: REITS to lure investments despite 20% price hike; Recruitment platform Glints bags $9.22m in series B funding
And HDB reports 3,300 unauthorised flat rental cases during the past four years.
Chart of the Day: Total property investment sales fell 9.52% to $11.4b in H1
Industrial property sales led the declines.
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