Topic of Interest: #BusinessTimes (4,268 Articles Found)

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‘Not much scope to triage’ Covid-19 ICU cases, says Ong as healthcare system prepares to step up more beds

More than two-thirds of Singapore’s Covid-19 ICU beds are now occupied, as the coronavirus caseload weighs on the healthcare system. “Our hospitals and healthcare workers continue to come under pressure,” Health Minister Ong Ye Kung on Wed. Some…

Lakepoint owners seeking S$640m in en bloc tender

PropNex said it will launch the collective sale of a 99-year leasehold residential redevelopment site, Lakepoint Condominium, on Oct 21 through a public sale tender. On Wed, it said that the tender exercise starts with a reserve price…

From 14 to 37 stores, Decathlon pushing ahead with Singapore expansion plans

At a time when many retailers in Singapore are cutting back on their physical space due to the triple whammy of lower footfall, soaring rentals and higher manpower costs, French sporting goods retailer Decathlon is busy doing the…

OK Lim’s Second Avenue bungalow being sold for S$33.39m

Beleaguered Hin Leong group founder Lim Oon Kuin and his wife are selling their freehold bungalow in Second Ave for nearly S$33.39 million. The price works out to almost S$1,671 psf on the land area of 19,984 sqft.…

Analysts recommend ARA Logos unitholders accept ESR-Reit offer

Analysts are recommending that unitholders of ARA Logos Logistics Trust accept ESR-Reit’s S$0.95 per unit offer as part of a S$1.4 billion merger deal of both Reits. Alternatively, unitholders who do not wish to participate could also lock…

Jervois Mansion’s good takeup shows growing interest in CCR projects, say analysts

Buyers are eyeing the CCR as suburban prices catch up, according to analysts. The sentiment was seen after low-rise residential enclave Jervois Mansion moved 104 apartments out of the 105 put up for sale at a median price…

IMDA to open up 4 5G testbeds to all businesses

All businesses that wish to trial 5G use cases will now be able to do so at 4 testbeds located at Maritime Drone Estate, Singapore Science Park, PIXEL and Sentosa. IMDA announced the opening of 4 testbeds to…

GuocoLand prices S$300m notes due 2026 at 3.29%

Guocoland has priced its offering of S$300 million notes due 2026, to be issued at par on or about Oct 26. The notes will bear a coupon of 3.29 per cent per annum, payable semi-annually in arrear on…

Some companies opting for building site dorms to limit workers’ Covid exposure

Some construction companies have rehoused their migrant workers in temporary quarters in recent months, in view of rising Covid-19 cases among workers residing at dormitories. Construction temporary quarters (CTQs), or temporary dormitories built on construction sites, are gaining…

Acquisitions to take centre stage as industrial S-Reits seek further growth

Industrial-focused S-Reits have performed better than most of their peers in other sub-segments amid the Covid-19 pandemic. With a combined market capitalisation of S$33.8 billion, prices of the 8 pure-play industrial S-Reits – Aims Apac Reit, ARA Logos…

Renting can be a viable alternative to owning a private home in Singapore

Home ownership is deeply ingrained in the minds of Singaporeans. Around 88 per cent of resident households own their homes as at 2020. Subsidies and grants help locals to own HDB flats and have a direct stake in…

Reality check for Singapore property as retirement asset

It is often said that Singaporeans have an enduring love affair with property, with many looking to sell or downsize their homes to enhance their retirement kitties in their golden years. But that passion for property is in…

Independent financial adviser in favour of ESR’s proposed acquisition of ARA

The independent financial adviser to Hong Kong-listed ESR Cayman’s independent board committee has recommended that shareholders vote in favour of the proposed acquisition of the entire share capital of real estate fund manager ARA Asset Mgmt for US$5.2…

New Reit index by SGX and UOBAM tracks environmentally positive Reits

A new Reit index that tracks environmentally-positive Reits was launched on Fri by SGX and UOB Asset Mgmt (UOBAM). Named the iEdge-UOB APAC Green Reit Index, it will cover 50 higher-yielding Reits across APAC region with better environmental…

Analysts see slight lift from foreign demand in Singapore property in Q4 2021

Analysts have flagged a possible lift in foreign demand in Singapore properties as VTL open up. This comes as the YTD tally has already beat total sales in 2020. While Sept recorded the second consecutive monthly dip in…

EMA cites high demand, gas supply curbs for sharp spikes in Singapore’s spot electricity prices

The staggering spikes in Singapore’s spot electricity prices in recent months are due to a confluence of factors including gas curtailment from Indonesia’s West Natuna and “low landing pressure” of the gas supplied from South Sumatra, said EMA.…

ESR-Reit, Ara Logos propose merger with pricing favouring ESR-Reit unitholders

ESR-REIT and Ara Logos Logistics Trust are proposing to merge in a S$1.4 billion deal, in a move that will create a Reit with S$5.4 billion in total assets. Under the deal, widely anticipated after their respective sponsors…

Raising tax revenue the ‘sustainable and responsible’ way to fund Singapore’s expenditures: Lawrence Wong

The sustainable and responsible way to fund Singapore’s recurrent expenditures is to raise tax revenue and to do so with a fair and progressive tax system, Finance Minister Lawrence Wong said on Fri. “Healthcare alone will demand an…

Family of Kopitiam King buys Lornie Road GCB for S$26.8m

The family of Lim Bee Huat of Kopitiam King fame is buying a fairly new bungalow along Lornie Road for S$26.8 million. The price of S$2,545 psf, albeit on a relatively small freehold land area of 10,529 sqft,…

Porcelain Hotel in early stage of being sold for about S$90m

In one of the largest deals in the Singapore conservation shophouse market, Porcelain Hotel – comprising 12 contiguous four-storey shophouses along Mosque St – is in the early stage of being transacted at about S$90 million, BT understands.…

ESR-Reit, ARA Logos propose S$1.4b merger

The managers of ESR-Reit and ARA Logos Logistics Trust (ARA Logos) have proposed a S$1.4 billion merger, where ESR-Reit will acquire all of ARA Logos’ units in exchange for a combination of cash and new units. The proposed…

Lights dim for 3 more power retailers amid record wholesale prices

At least 3 more electricity retailers in Singapore may turn off the lights and exit operations as staggering spikes in spot electricity prices and an inability to hedge adequately sent their businesses reeling. BT understands that Ohm Energy…

Construction firm Keong Hong clarifies increase in pay for former general manager

The increase in the annual aggregate remuneration paid to 2 key mgmt personnel of Keong Hong Holdings, as cited in an article in BT, was primarily due to remuneration paid to its former GM of operations, Sebastian Loo.…

S-Reits’ data centres, logistics properties may see their values improve: IREUS

More volatility may be in store for valuations of retail, office and hospitality properties, while data centres and logistics assets will likely see their values improve in tandem with the growing need for digital solutions and supply-chain resilience.…

Singapore eyes push for renewables in clean energy import drive

Singapore’s power players are getting zealous on clean energy imports – a game-changer for the city-state’s climate goals – even as the first of this big pivot could happen as soon as three months; that is, if a…

Singapore’s largest independent electricity retailer iSwitch powers down

In what marks a big blow to Singapore’s liberalisation of the power sector, iSwitch Energy, the city-state’s largest independent electricity retailer, has decided to bow out from retail operations from next month. The retailer cited the current market…

Singapore new private home sales down 32.3% to 823 in September

New private home sales continued to ease in Sept following Aug’s drop. Based on caveats lodged, analysts estimated that developers in Singapore sold 823 new private homes in Sept, down 32.3 per cent from Aug’s 1,215 units. Comparing…

Little India reels from Covid-19, but Deepavali could be a silver lining

This time of the year in 2019, Little India would be brimming with streams of migrant workers in the alleys, tourists looking on curiously, and big groups of family and friends getting their household needs fixed. Since the…

Mice recovery spurred by border reopenings but impact limited for now

Business event organisers and venue operators in Singapore are cautiously optimistic about a gradual recovery in the coming months, as the country takes steps to reopen, although they feel the expanded number of VTLs may not be sufficient…

GB Building unit owners eyeing collective sale

Some SPs of GB Building, located at 143 Cecil St in CBD, are aiming for a collective sale of the commercial development. A CSC was appointed earlier this year to start the process, said mainboard-listed property developer and…

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