News

Around 67,100 citizens were unemployed.

Expect more cheers in the market today.

They are set to deliver their best annual performance in five years.

Which amongst them are the most attractive?

They inked a two-year deal.

It is under the $2b multicurrency debt issuance programme.

The tech and telecom sectors drive the demand for space here.

It is China's second biggest housebuilder by sales.

Investors are likely to remain wary today.

DBS retains the top spot as the most valuable brand.

DBS' Singapore economists are saying so.

And OrangeTee eyes being the third largest real estate agency.

It dragged overall NODX.

Its return on capital is one of the highest.

Four deals have already been struck this year. Bloomberg Markets reported that after slowing to a trickle the past three years as housing prices fell, four redevelopment deals -- where a group of owners band together to sell entire apartment blocks at a hefty premium -- have been struck already this year, with a combined value of $1.5b (US$1.1b). The process, also known as “en-bloc” sales, allows developers to knock down and rebuild in a city where new residential land sales are tightly controlled by the government. The renewed hunger for land comes as home sales climb after some property restrictions were eased in March. A residential plot last month fetched a record price in a government land sale, with a Chinese consortium bidding $1b. In the biggest en-bloc sale this year, Eunosville, a complex of 10 residential blocks with 330 apartments, sold to Hongkong Land Holdings Ltd.’s MCL Land for $765.8m Read the rest of the story here.  

The site is zoned for commercial and residential use.