Stories By: Singapore Business Review (3,131 Articles Found)

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Pros and cons of lifting the data centre moratorium

Fitch Solutions said the government’s lifting of its data centre moratorium will prompt leading hyper-scale global firms to invest more in local data centres in Singapore. However, the lifting of the moratorium also came with new stricter operating…

Sunseap, NTUC partner for 1.48MWp rooftop solar project at Downtown East

Sunseap and NTUC Club partnered for the installation of a rooftop solar system on a lifestyle and entertainment building at Downtown East in Pasir Ris. The 1.48-MW peak system—Sunseap’s first clean energy project for a lifestyle and entertainment…

PwC Singapore 2022 budget proposals to push for clean environment

Recommendations regarding economic growth, society development, and a green environment for the Singapore 2022 budget were announced by PwC. “The OECD proposal for a global minimum tax is expected to reduce the effectiveness of tax incentives as a…

Neil Road Shophouse goes on sale for $16.2m

Neil Road shophouse has gone on sale for $16.2m, as announced by JLL. Making up the property along Neil Road is a three-storey conservation shophouse with an attic situated in District 2. A land area of 1,883 sqft,…

CDLHT, FEHT to see improved results going into 2022

A report published by UOB Kay Hian’s Jonathan Koh revealed positive ratings for both City Developments Hospitality Trusts (CDLHT) and Far East Hospitality Trust (FEHT). On the side of CDHL, W Hotel experienced a boost due to staycation…

REITS recovery to push through despite Omicron threat: UOB

Singapore’s REITS will continue to recover but may encounter delays, according to a report by UOB KayHian. UOB KayHian’s Jonathan Koh, CFA, said Singapore’s open borders and high vaccination rates will help in the recovery. Currently, the Singapore…

JLL welcomes new head for Logistics and Industrial Capital Markets

JLL appointed Pamela Siow as its Head of Logistics and Industrial Capital Markets in Singapore. Responsibilities under the role include creating opportunities with new clients and reinforcing existing client relationships. “She will be pivotal in generating platform and…

Drone deliveries? 53% of S’poreans say they are interested

Delivery by drone proved to be popular in the Lion City, with five out of 10 Singaporeans showing interest, a study by the FIS Global revealed. Amongst the countries surveyed in FIS’ “Generation pay 2021 report: How the…

What attracted Amazon to build a den in the Lion City?

Singapore’s strategic location as a springboard to Asia allured Amazon to set up a workplace that would spur collaboration in the heart of Asia Square’s CBD area, which houses a community of local and foreign talents. With over…

CapitaLand increases global sustainability challenge fund by $500,00

Capitaland Group launched the second Capitaland Sustainability X Challenge (CSXC) with increased funding for the challenge by up to $500,000 for the top 10 projects to be piloted at the group’s global network of properties. The group seeks…

PropertyGuru files for NYSE listing following merger with Bridgetown 2 Holdings

PG revealed it has publicly filed its registration statement with US Securities and Exchange Commission. This is on the back of a previously announced combination with Bridgetown 2 Holdings Limited, a special purpose acquisition company formed by Pacific…

CapitaLand launches 103.6 million new units for private placement

CapitaLand Integrated Commercial Trust Mgmt Limited announced the proposed private placement of 103,627,000 new units in CapitaLand Integrated Commercial Trust (CICT). An issue price between $1.93 to $1.98 per new unit will be implemented, with the goal of…

Hilleman Laboratories invests $80m in vaccine development hub

Hilleman Laboratories established a new vaccine development and manufacturing hub on 6 Dec. The project is supported by EDB. The hub will comprise a 30,000 sqft current Good Manufacturing Practices facility at 138 Depot Road and a state-of-the-art…

Far East Hospitality Trust to divest Central Square for $313.2m

Far East Hospitality Trust will be entering into a put and call option agreement with CDL Constellation Pte Ltd, a subsidiary of City Developments Limited (CDL) for the divestment of its interest in Central Square for a consideration…

Singapore leads APAC in sustainable construction and manufacturing

A research report released by Autodesk revealed that Singapore is the only country in the APAC to lead in construction and manufacturing sustainability. The report, titled “Enabling a Sustainable Future through Digitalisation: Trends driving the Design & Manufacturing…

City Developments reports $2.5b total sales for 9M 2021

City Developments Limited (CDL) reported a continued stable recovery trajectory for the third quarter ended 30 Sept 2021. The group and its JV associates sold 414 units with a total sales value of $784.4 million in Q3 2021.…

Commercial real estate activity bounces back to pre-pandemic average

Data from the APAC Capital Trends Report showed that Singapore commercial real estate deal activity is recovering to the pre-pandemic average, RCA said. Investment activity in Singapore increased, y-o-y, by 223% to $1.35b (US$1b) in the third quarter…

FLCT NPI up 12.3% to $181.27m in H2

Frasers Logistics & Commercial Trust (FLCT) recorded an adjusted NPI of $181.27m in H2 of 2021. This is a 12.3% y-o-y increase from the $161.36m recorded in H2 2020. The group’s DPU was up by 6.3% to 3.88…

What condo projects dominated the market in Q3?

PG said that nine out of 10 mass-market condominiums that performed well in the previous quarter were both affordable and located in OCR. Pasir Ris in District 18 proved the most popular condo with 425 units sold. Notable…

Netlink NBN Trust DPU inches up 1.2% to 2.56 cents

NetLink NBN Trust’s DPU increased by 1.2% to 2.56 cents in H1 FY21. EBITDA and PAT, meanwhile, were lower by 9.4% and 10.5%, respectively. This was mainly due to a remeasurement loss of $12.4m due to financing lease…

HDB resale transactions dip 0.8% in Oct

HDB resale transactions dipped by 0.8% in Oct to 2,506 from 2,522 HDB in the previous month; this represents a 3.3% decline from the same period last year. Ohmyhome analyst, Mohan Sandrasegeran said the drop could’ve been driven…

3 in 5 Singaporeans believe in-store shopping remains in style

In-store shopping remains irreplaceable for 59% of Singapore consumers despite the rise of pandemic-driven online shopping in recent months, according to a study by Sensormatic Solutions, the global retail solutions portfolio of Johnson Controls. Additionally, 30% of consumers…

OUE C-REIT net property income down 17.1% YoY in Q3

OUE Commercial REIT’s NPI was at $46.2m in Q3. This is 17.1% lower on a y-o-y basis The decrease was due to the deconsolidation of OUE Bayfront’s performance post divestment of 50% interest in the property on 31…

Private property prices up 3.88% to an all-time high of $1,791 psf

Prices of private properties grew by 3.88% in the fourth quarter, driving the median asking price to an all-time high of $1,791 psf, PG reported in its Q4 2021 Property Market Index. Based on the report, the highest…

Changi, Porsche partners for Changi Airport’s EV-charging points

CAG is partnering with Porsche and SP Group for the establishment of EV charging stations dubbed as Porsche Destination Charging. Six Porsche Destination Charging EV charging points will be installed in Jewel by end-December. They will be available…

Frasers Hospitality Trust’s second-half net profit more than doubles to S$30.9 million

Frasers Hospitality Trust’s (FHT) NPI for the second half of 2021 more than doubled y-o-y to S$30.9m from S$14.6m in the same period last year. FHT’s manager said the growth in the trust’s NPI was due to its…

Singapore residential prices up 7.5% for Q3 2021

Singapore residential prices were up 7.5% for Q3 2021, according to a report from OrangeTee. This was the sixth straight consecutive quarterly price increase, with overall prices increasing to 5.3% YTD. “As Singapore boosts its efforts to re-open…

CapitaLand’s foundation reinforces next-gen sustainability-focused library

CapitaLand has undergone efforts to strengthen CapitaLand Hope Foundation (CHF), which currently has a focus on environmental sustainability as part of the company’s 2040 Sustainability Master Plan. The foundation contributed $500,000 to a first-of-its-kind green showcase named Green…

OCBC recommends ESR-REIT shareholders to approve ARA merger

In a report, OCBC Investment Research suggested that ESR-REIT shareholders accept the merger with ARA LOGOS Logistics Trust. The two trusts jointly announced their proposed merger on 15 October. It will be named ESR-LOGOS REIT. ESR-REIT will acquire…

Nearly 6 of 10 Singaporeans more aware of environmental issues due to pandemic

A survey by Schroders found that 57% of Singaporeans see the importance of addressing environmental issues due to the pandemic. Respondents from the online survey include 23,950 people worldwide. Those who have invested at least $15,548 were asked…

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