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Daily Debrief: What Happened Today
With three collective property sales sealed in a week, analysts at DBS Vickers Securities believe the signs are there for an upswing in Singapore real estate prices.
Weak income growth, coupled with high levels of indebtedness, will post significant headwinds for many Singaporean households, and is likely to prompt the central bank to keep its neutral monetary policy stance, ANZ Research said on Friday.
Singapore has reaffirmed its commitment to the Paris Agreement and pledge on Friday, a day after the US announced its intention to withdraw from the Paris climate accord.
United Airlines will launch daily nonstop flights between Changi Airport and Los Angeles International Airport from Oct 29, making it the longest direct flight between Singapore and the United States.
Mapletree Investments has bought a portfolio of student housing and multi-family properties in the United States and Canada from Kayne Anderson Real Estate Advisors.
Tuan Sing Holdings has raised the size of a bond offering to S$150 million from S$120 million to accommodate demand from investors, the property developer said on Friday before the market opened.
The STI Today
Other than the mid-week burst of window-dressing that came on the last day of May, Wall Street's all-time high on Thursday and the new word "covfefe'' that was invented by US President Donald Trump, there were not that many features of interest in this week's trading.