Stories By: Singapore Business Review (3,087 Articles Found)
Agents see new ways of doing business in real estate
Technology has played a critical role in ensuring the continuity of business operations at such a disruptive time, especially for the real estate industry, whose operations partially rely on property visits. Real estate agents have utilised digital tools,…
UOB unveils green financing solution to push EV adoption in Singapore
UOB has launched U-Drive, a green financing solution that aims to help drive the adoption of EV and green transportation in Singapore. The solution connects users to automotive brand owners, car dealers, and charging point operators in the…
Singapore residential market on track to break last year’s figures
It has been a “two steps forward, one step back” game in Singapore’s residential property market as property players experience a hopeful recovery during the first quarter of the year before another round of economic uncertainty as new…
HDB, condo rents rise in August but volumes fail to match estimates: analysts
Aug saw the HDB rents and condo rents continue to climb compared to a year earlier, according to the latest data released by SRX. Compared to the same month last year, condo rents rose 7.6% in Aug whilst…
High class living: Luxury residential transactions to hit new peak in 2021
Almost all sectors of the luxury residential sector faced positive growth, according to the latest report by CBRE Of note is the performance of the good class bungalow (GCB) market. The 60 transactions recorded in the period surpassed…
Office rents to recover on the back of accelerated vaccine rollout
After several circuit breakers that took place in Q2 of 2021, it does not come as a surprise that the commercial property market remained weak. However, on the back of the government’s vaccine rollout, the rising tech industry…
TPG Singapore acquires IMDA approval for 5G NSA market trial
TPG announced that the company has received IMDA’s approval for an upcoming 5G network. Richard Tan, CEO of TPG Singapore, shared the opportunities that this approval will bring. “We are excited to have been given the opportunity to…
ST Engineering reveals IoT solution for lifts in Singapore
ST Engg announced the release of its AGIL Smart Life Monitoring solution, which is aimed at 24/7 lift status monitoring and diagnostics. A centralised function will be put in place, which allows for its use across different manufacturer…
Real estate trends to watch for new proptech ideas
There is no doubt that digitalisation, which grew at a much faster rate in the past year, played a major role in the survival of the real estate industry. And at this point, it is only expected that…
Architects design greener spaces as SG lives with pandemic
Nearly two years since the COVID-19 outbreak, which halted operations of the construction sector and delayed architecture projects, hit Singapore, yet it seems going back to the pre-pandemic normal will likely come later rather than sooner. The Singapore…
Homebuyers chomp up 1,860 condo units during hungry ghost month
An estimated total of 1,860 condos was resold in Aug, a 4.9% increase from the 1,773 sold the month previous, defying the traditional hush of the hungry ghost month. “The uptrend defied the hungry ghost month when sales…
MAS: Green finance needs to scale up
Green finance needs to scale up in order to meet net-zero emission goals by 2050, said MAS MD Ravi Menon in a speech, 8 Sept. “Green finance is a key enabler for the transition to a sustainable future……
AIMS APAC REIT chief to step down effective November
In an announcement released via SGX, AIMS APAC REIT’s current CEO and Executive Director Koh Wee Lih will be stepping down on 28 Nov 2021. Lih is expected to pursue other interests after this. Also included in this…
Lendlease taps Google Cloud for modernisation
Lendlease announced a partnership with Google Cloud to modernising the company’s operations. The agreement is centred around three key areas, namely, the advancement of Lendlease’s IT strategy; integration of AI, machine learning and smart data features into Lendlease’s…
Everise launches plans for a digital innovation hub in Singapore
Everise announced their plans for a Digital CX Innovation Center in Singapore which is slated to bring a total of 700 jobs in Malaysia, Japan, and Singapore. This comes after the company’s previous partnership with Malaysia and Japan…
MIND headquarters in Singapore for SEA expansion
MothersonSumi INfotech & Designs Ltd. (MIND), has opened an office in Singapore at Suntec City, which will serve as the company’s headquarters in SEA. MIND CEO Rajesh Thakur said the company has always evaluated and wanted to open…
LSEG sets up Singapore sustainable finance innovation unit
London Stock Exchange Group (LSEG) announced today the launch of a sustainable finance innovation unit in Singapore. The unit falls under LSEG’s new LSEG Labs network, which aims to create finance capabilities focused on innovation and sustainability across…
SingLand rebrands to highlight ‘people and planet’
Singapore Land Group Limited (SingLand) launched its new corporate logo and vision, underscoring the need for a positive societal impact. CEO Jonathan Eu, said: “The brand refresh marks our renewed commitment to making a profound impact on people…
SG rent is 2nd most expensive in the world: study
Singapore has the second most expensive rent with an average of US$3,131 monthly cost for a three-bedroom property, a study found. It came second to Hong Kong, which has an average of US$3,836.17 monthly rent for the same…
AAIS releases inaugural solar adoption report
AAIS announced the release of its inaugural Singapore Aerospace Industry Solar Adoption Report (SAISAR). The report covers solar data from Singapore-based aerospace companies that currently or are planning to use solar systems in their facilities. As such, this…
Keppel REIT ready to ride sustainability wave: report
Keppel REIT (KREIT)’s share prices might have weakened in the past few trading sessions by as much as 13% as its acquisition of SPH ex-media gains traction. Nevertheless, RHB in a brokerage report said that its office properties…
Meaningful recovery for hospitality sector likely in 2022: OCBC
Despite a mixed back of results from top hospitality REITs in the first half of the year, OCBC Investment Research expects stronger overall results from the hospitality sector in H2. Moreover, OCBC said meaningful recovery would finally be…
Singtel rolls out 5G use cases
Singtel launched 5G Standalone use cases that span from entertainment to mobility in its “Powering Up Singapore with 5G” event, 30 Aug. It also announced that two-thirds of Singapore was covered by their 5G network. Included in this…
Resale market in SG returns after 2-year hiatus: Report
The private resale market is making a comeback as Singapore saw high demand for private resale condominiums in the first seven months of the year, OrangeTee said in a report. Citing data from URA, OrangeTee reported that 9,160…
Singapore is 17th most expensive location to send expat workers
Singapore is the 17th most expensive location globally to send expatriate workers, with an average expatriate pay package for a mid-level worker costing companies around US$225,171 annually, according to ECA Intl. It said the overall average expatriate pay…
Housing affordability to slightly worsen as prices increase: Moody’s
Housing affordability will slightly worsen, but will remain sound over 2021 to 2022 as low-interest rates offset the impact of rising property prices, Moody’s Investors Service said. “Private residential property prices in Singapore will further increase over the…
Fraser Property to launch ‘wellness-inspired’ executive condominium
Frasers Property said it will launch wellness-inspired EC Parc Greenwich next to the landed enclave in Seletar Hill and is slated to secure a TOP in 2024. Parc Greenwich, jointly developed with CSC Land Group, comprises nine residential…
Bridge+ at 79 Robinson Road provides fintech community space, avenue for collaborations
CapitaLand’s Bridge+ at CBD provides “workspace flexibility” and is focused on building a community for the finTech sector for collaborations and activities. Occupying three floors and a space of 56,000 sqft at 79 Robinson Road, the Bridge+ caters…
SG, HK office rental premium gap down to 108%: Cushman & Wakefield
Office rental premium between Singapore and Hong Kong narrowed significantly from 135% in 2015 to 108% in 2020, according to C&W. “When we compared the office rental premiums between the two cities in 2015 and looked at which…
A bridge over digitalised water: Smart Water brings Singapore and Netherlands together
Water is a finite resource, and perhaps there is no maritime Southeast Asian country that knows this better than Singapore. According to PUB estimates, the country’s water demand is slated to nearly double by 2060, from the 430…
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