Singapore Wrap Tuesday

Non-landed private home resale prices flat in May: SRX

Resale prices for Singapore non-landed private residences stayed flat in May from April while volumes increased, according to flash estimates by the Singapore Real Estate Exchange (SRX).

PropertyGuru receives S$175m from TPG, Emtek, Square Peg

PropertyGuru Group has received S$175 million from three investors, while an existing minority shareholder will exit the business, the online property portal announced on Tuesday.

Singaporean retailers thrive on online market, says eBay

A study by eBay shows that Singapore's tech savvy retail exporters, who use the company's online market place, sell to an average 41 international markets. eBay defines retail exporters as those sellers on its site who garner US$10,000 in sales to global customers (that is buyers outside of Singapore).

GIC more than doubles stake in Franshion Properties

Franshion Properties has placed 1.6 billion shares at HK$2.73 per share as part of efforts to supplement the funding of its expansion and growth plan and broaden its shareholder base.

Linc names new director, cuts directors' pay

Linc Energy appointed Genting Bhd's energy chief executive Ong Tiong Soon as non-executive director on May 28, the oil and gas exploration company announced early Tuesday.

The STI Today

Singapore: STI slumps to 5-month low below 3,300

The Straits Times Index on Tuesday traded almost entirely in the red and suffered a fourth consecutive fall when it ended 25.2 points or 0.8 per cent lower at 3,295.13. It was the lowest close since Jan 7 when the index closed at 3,298. Turnover amounted to 1.4 billion worth S$1.3 billion. Excluding warrants there were 122 rises versus 327 falls.