News
Singapore holds steady cap rates across commercial assets: report
Singapore holds steady cap rates across commercial assets: report
Office properties recorded cap rates between 3.00% and 3.50%, among the lowest in the region.
Services sector expects slower business conditions from April to September
Only 8% of firms are optimistic.
Daily Markets Briefing: STI up 0.72%; Top stock is HongkongLand USD
HongkongLand USD is the top stock with a 4.04% increase.
Singapore ranks 19th in global luxury retail rents in 2024
The city-state also ranked fifth in new store openings.
Stoneweg EREIT secures unitholders’ approval for proposed stapling
The proposal will combine Stoneweg EREIT and Stoneweg European Business Trust.
Moneyhero Group narrows net loss by 78% in FY2024
This was driven by higher revenue from insurance and wealth products.
First REIT”s Q1 DPU down 3.3% to $0.0058
NPI dropped 2.8% YoY.
Far East Hospitality Trust’s NPI drops 8.3% in Q1
Gross revenue also declined by 6.8% YoY.
ST Engineering unit issues US$750m notes due 2030
This will be used to refinance existing loans.
Wilmar International's net profit grows 13.5% YoY in Q1
Revenue also increased by 3.3% to $20.9b (US$16b).
Keppel DC REIT subsidiary acquires green loan facility
Mandatory prepayment will be triggered if the company ceases to be a Keppel subsidiary.
Starhill Global REIT’s NPI up 0.5% YoY in Q3 2024/25
NPI for the period was $37.9m.
Singapore SMEs face highest borrowing costs in 2024
Approvals for loans above $300,000 accounted for only 3% in 2024.
JTC launches two new sites under the 2025 IGLS Programme
The sites were launched with an additional three-year tenure.
IREIT Global’s occupancy up 88.7% in Q1
The company linked this to new leases within its Spanish portfolio.
FIH posts $3.8m net loss in FY2025
Gross profit dropped 22.4% YoY.
Grab posts $10m profit in Q1
This improved from a $115m loss in the same quarter in 2024.
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