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Global Logistic Properties Ltd, the second-largest owner of US industrial real estate, agreed to buy US$1.1 billion of warehouses from Hillwood Development Co.

GLP agrees to buy US warehouses for US$1.1b

Singapore-based GLP, which owns US$38 billion of industrial buildings globally, expects to complete a US$700 million deal for fully leased properties in December, the company said in a statement Monday.

Singapore condo resale prices ease 0.8% in August: SRX

Resale prices of non-landed private homes in Singapore eased 0.8 per cent in August 2016 over the previous month, based on SRX Property's flash estimate for last month released on Tuesday.

Get cash by tapping on the ATM with your mobile phone

Soon you will be able to withdraw cash from the ATM by tapping your mobile which can also issue digital credit cards. United Overseas Bank (UOB) is rolling out ATMs which let customers withdraw cash simply by tapping their smartphones, the bank said on Tuesday.

Singapore ranks top in sustainability among Asian cities, second globally

Singapore is ranked the most sustainable city in Asia, and second in the world, according to the Sustainable Cities Index 2016 from global design and consulting firm Arcadis.

Temasek's Ho Ching, Singtel's Chua Sock Koong among 50 most powerful women outside of US

Singapore Telecommunications (Singtel) Group CEO Chua Sock Koong and Temasek Holdings CEO Ho Ching are featured among Fortune magazine's 50 most powerful women based outside of the United States this year.

Perennial Real Estate invests in Shanghai's largest private eldercare operator

Perennial Real Estate Holdings (PREH) said on Tuesday its healthcare arm is taking up a 49.9 per cent stake in Renshoutang, the largest private eldercare operator in Shanghai, through a capital injection of 735.5 million yuan (S$148 million).

The STI Today

Singapore stocks close sharply lower as market plays catch-up with global peers

The Singapore stock market, which had been closed on Monday for Hari Raya Haji, on Tuesday played catch-up with the rest of the world's equity market when the Straits Times Index (STI) plunged 54.95 points or 1.9 per cent to 2,818.38.

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