Daily Debrief: What Happened Today

Singapore investors have unrealistic income expectations: Schroders survey

Singapore investors are an overly-optimistic lot, with the millennials here particularly more bullish and confident of their investment returns, a survey has found.

Rents of condos, HDB flats in Singapore down 0.6% in August: SRX Property

Rents of private non-landed homes and Housing & Development Board (HDB) flats in Singapore slipped 0.6 per cent in August compared to July, while both segments saw an uptick in rental volumes last month, SRX Property estimates on Wednesday showed.

URA to include sale transactions of delicensed housing projects in its private-home price index

Real Estate Developers Association of Singapore (Redas) president Augustine Tan said on Wednesday that the Urban Redevelopment Authority (URA) will include sale transactions of delicensed residential projects in the computation of its quarterly private-home price index.

Vietnam-Singapore Industrial Park may expand gross land area by 22.5%

Vietnam Singapore Industrial Park JV Co (VSIP), a joint-venture between the two governments that oversees the park, signed memoranda of understanding (MOUs) on Wednesday to explore two new expansions in the provinces of Binh Duong, near Ho Chi Minh City, and Bac Ninh, near Hanoi, a release said on Wednesday.

Marco Polo Marine plans to delay payment on bonds in Singapore

A Singapore provider of barges and tugs for coal, steel scrap and iron ores plans to ask bondholders for approval to delay paying S$50 million of bonds due next month after appointing an external adviser to review its business.

Brexit not the end of European Union, Juncker says

The president of the European Commission, Jean-Claude Juncker, sought on Wednesday to rally support for the European Union, saying the bloc battered by the UK Brexit referendum was not about to break up despite its existential crisis.

The STI Today

Singapore shares close lower in line with Wall Street weakness

The Straits Times Index (STI) first slid to an intraday low of 2,800 before climbing up to 2,809.35 for a net loss of 9.03 points at 5pm.