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Month: February 2023

Posted on 08/02/2023

Singapore office investment volume hits 6-year high in 2022

Investments surged 54% to $7.3b for the whole year. According to a CBRE report, preliminary real estate investment volumes in Singapore for Q4 2022 declined 55.6% q-o-q to $3.194 bn, mainly on sharp ...

Posted on 08/02/2023

Singapore’s 2022 prime retail rents still 9.2% below pre-pandemic levels

Islandwide rents grew 1.6% to $25.15psf per month in 2022. As more workers return to the office and tourists start coming in, retail rents for Orchard Road, City Hall/Marina Centre and Fringe areas in ...

Posted on 08/02/2023

Singapore’s PixCap draws $2.8M to power web-based 3D design

A clutch of startups is trying to topple Adobe's dominance in three-dimensional modeling and do more than Canva. A freshly funded player is PixCap, which is entering the fray with a no-code, web-based ...

Posted on 07/02/2023

Singapore will always act in its interests & take a principles-based approach: Shanmugam

Shanmugam said that Singapore's good governance, political stability, and united people had shown the world what it could do.

Posted on 07/02/2023

Singapore’s 2022 office net absorption of 1.15m sq ft breaches records

It’s almost 4 times 2021’s net demand and is 18% higher than the 10-year average. Singapore’s office sector ended 2022 on a high note as net absorption levels outperformed expectations. According to a ...

Posted on 07/02/2023

Singapore: Retail Sales remained strong in December – UOB

Senior Economist at UOB Group Alvin Liew assesses the latest results from retail sales in Singapore. Key Takeaways “Singapore’s retail sales rebounded to end 2022 on a positiv ...

Posted on 07/02/2023

Singapore stocks end lower on Tuesday; STI down 0.2%

SINGAPORE - Local shares pulled back on Tuesday as investor sentiment took a hit from the usual suspects – possible interest rate hikes by the United States Federal Reserve, inflation and worsening US ...

Posted on 07/02/2023

Singapore inflation expected to stay high in first half of 2023, says Trade and Industry Minister

Inflation in Singapore is expected to remain elevated in the first half of 2023 before softening in the second half of the year, said Minister of State for Trade and Industry Alvin Tan on Tuesday.

Posted on 07/02/2023

Türkiye earthquake: Singapore to send 20-man team to assist in disaster rescue efforts

Singapore will be sending a disaster rescue team to Türkiye, joining other nations around the world in providing assistance to the country after two powerful earthquakes devastated areas of southern ...

Posted on 07/02/2023

Rents in Singapore narrow the gap with those in pricey Hong Kong

Singapore is catching up with Hong Kong’s rental market as prices in the city-state are expected to soar on limited supply, while Hong Kong grapples with dwindling appetite from population outflows.

Posted on 07/02/2023

OCBC Cycle to return to full scale on its 15th anniversary

Singapore's biggest mass cycling event - the OCBC Cycle - will return to its full scale on 6 and 7 May for the first time since 2019.

Posted on 07/02/2023

Taimei Technology opens Singapore office to support digital transformation of clinical research in APAC

SHANGHAI, Feb. 7, 2023 /PRNewswire/ -- China-based Taimei Technology, a digital cooperation platform for the life science industry, announced the opening of its new office in Singapore on February 1, ...

Posted on 07/02/2023

Singapore security agency’s ‘forced demotion’ of 300 officers prompts union action

SINGAPORE: A security agency demoted around 300 officers and backed down after a union intervened - only to extend their working hours in a continued bid to "reset" their wages an ...

Posted on 07/02/2023

Sentosa fort dating back to 1870s to open for rare public tours to mark Singapore’s fall in WWII

Participants will have special access to a restricted site that they should not visit on their own. Read more at straitstimes.com.

Posted on 07/02/2023

Cycling: 7,000 participants expected as OCBC Cycle returns with in-person races

SINGAPORE – The Republic’s biggest cycling event – the OCBC Cycle – will return to its full in-person format in May 2023, with registration flagging off Tuesday. For the first time since 2019, the May ...

Posted on 07/02/2023

Singapore’s GIC cuts exposure to H2O Asset Management

We’ll send you a myFT Daily Digest email rounding up the latest Fund management news every morning. Singaporean sovereign wealth fund GIC is cutting its investments with H2O Asset Management following ...

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