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Daily Debrief: What Happened Today
OCBC chairman Ooi Sang Kuang said on Friday the bank's purchase of Barclays' wealth management business in Singapore and Hong Kong would lift the OCBC's exposure to the ultra high net worth (UHNW) client segment.
HDB resale prices fell by 0.1 per cent on a quarter-on-quarter basis in the first quarter of 2016, while resale transactions slumped 10.9 per cent from 4,992 cases in the fourth quarter of 2015 to 4,449 cases in Q1 2016.
Prices of private residential properties in Singapore decreased by 0.7 per cent quarter on quarter in the first quarter of 2016, after easing 0.5 per cent in Q4 last year, the Urban Redevelopment Authority (URA) said in a release on Friday morning.
The Urban Redevelopment Authority's (URA) index for office rentals in Singapore eased 2.1 per cent quarter on quarter in the first quarter of this year, a bigger drop compared with the 1.8 per cent decline in Q4 of last year.
Prices of retail space in Singapore continued to fall by 1.9 per cent in the first quarter of 2016, after declining 0.1 per cent in the previous quarter.
SPHMBO, the out-of-home media arm of Singapore Press Holdings (SPH), has tied up with upscale shopping mall Paragon to increase its presence in the heart of Orchard Road.
Global travel-search engine Skyscanner said Singapore's Changi Airport is the most popular airport for travellers choosing to self-connect in Asia, trumping Bangkok's Suvarnabhumi Airport and Hong Kong International Airport.
The STI Today
An unanticipated drop on Wall Street on Thursday brought a halt to the Straits Times Index's upward march with the index losing 20.35 points at 2,940.43 on Friday after three consecutive rises.