Topic of Interest: #BusinessReview (3,101 Articles Found)

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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…

Developers’ conservative approach decreases condo launches in September – KF

A wait-and-see approach from developers is to blame as Sept records the second-lowest amount of condominium launches for the year, according to a report from Knight Frank. In Sept, URA logged 210 units launched, only slightly higher than…

Keppel DC REIT finalises investment agreements with M1

M1 Limited and Keppel DC REIT announced that investment by Keppel DC REIT into M1 Network Private Limited (NetCo) will push through. Included in the company are M1’s mobile, fixed and fibre assets. Through an asset transfer agreement,…

Recurring waves of infections slam retail’s chance at recovery

The retail market’s chance at recovery has started to wane as Singapore reverts to stricter measures due to a resurgence of infections. A report from Knight Frank showed that the retail real estate sector has experienced the “most…

Frasers Property Group recognised in Global Real Estate Sustainability Benchmark rankings

Frasers Property Limited announced that the group was recognised in GRESB for 2021. The GRESB Sector Leader awards focus on real estate and infrastructure companies that have shown outstanding leadership in sustainability each year. All entities of the…

Here’s why landlords’ rental expectations are increasing

Rental expectations increased as leasing activity remained stable in Q3 2021. A CBRE report showed that leasing activity for Q3 consisted of new set-ups and expansions in third-party logistics, food storage and electronics sectors. Prime logistics’ rental remained…

SG retail market recovery momentum hit by heightened alerts

The Singapore retail market saw a halt in its recovery due to heightened alerts, according to a report released by CBRE. Thus retail sales remained soft q-o-q , with the report pointing to department stores, watches & jewellery…

NTU launches world’s first publicly-offered sustainability-linked bond by a university

NTU issued the world’s first publicly-offered sustainability-linked bond (SLB) by a university. The note falls under its $1b MTNs programme, with an inaugural issuance of $650m at a 15-year tenor. The issuance was composed of $650m 15-year notes…

Business park market registers positive net absorption of 0.57 mil sqft

The business park market saw a positive net absorption of 0.57 mil sqft, according to a report released by CBRE. Vacancy rate, meanwhile, saw a q-o-q decline to 12.2%, from the previously recorded 13.1%. This performance was due…

UOB unveils financing platform for businesses, homeowners’ green energy needs

UOB has launched U-Energy, a financing platform that can reportedly help businesses and homeowners save electric bills, cut carbon emissions, and achieve their sustainability goals. Touted as the first integrated financing platform in Asia, U-Energy aims to provide…

AA REIT net property income up 19.4% to $47.8m

AIMS APAC REIT Mgmt Limited reported that AIMS APAC REIT (AA REIT) had an increase in their NPI by 19.4 % to reach $47.8m for 1H FY 2022. The company also reported an increase in their distribution to…

Private residential properties price moderated in Q3: report

The price increase of private residential properties was moderated in Q3, recording a marginal 0.5% q-o-q growth. Q1 and Q2 figures were at 2.5% and 1.1%, respectively. Knight Frank reported that quarterly sales volume of non-landed private homes…

Singapore retail landlords need to embrace digital channels as e-commerce booms

Singapore’s REITs face an uphill battle as e-commerce continues to stay strong, according to a report released by S&P Global Ratings. If the landlords fail to adapt, lower occupancy, revenue, and ratings can follow. This comes as the…

CLI now one of world’s largest listed real estate firm with $119b AUM

CapitaLand Investment Limited (CLI) has proven to have a resilient business model after completing its strategic restructuring this Sept 2021. According to a report released by OCBC Investment Research, CLI has established itself as one of the world’s…

SG office market expects continued rental recovery: analyst

According to C&W, rental performance in the Singapore office market is seen to continue on its road to recovery. This comes after the positive net absorption of CBD Grade A office space for the second consecutive quarter. As…

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