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Daily Debrief: What Happened Today

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Singapore's headline inflation fell more than expected to 0.5 per cent in June, from 1.4 per cent in the preceding month and a market consensus of 0.7 per cent.

Singapore headline inflation falls more than expected to 0.5% in June

This was due to sharply lower housing and maintenance and repairs inflation associated with the timing effects of the disbursement of service and conservancy charges rebates.

GuocoLand sold close to 90 units of Martin Modern during weekend launch

The units sold ranged from two to four-bedrooms, from S$2,009 per square foot (psf) to more than S$2,500 psf. The value of the apartments ranged from S$1.75 million to S$4.55 million.

Market voices on:

mm2: Seller responsible for obtaining approval that held back Golden Village deal

mm2 Asia says that its counterparty in a planned investment in the Golden Village cinema business in Singapore was responsible for fulfilling a condition that has prevented the deal from being completed.

Centurion plans to buy US student housing assets for US$136m

The portfolio will comprise 1,936 beds in Auburn, Alabama; Tallahassee, Florida; Madison, Wisconsin; and College Station, Texas.

Grab, Uber's rival, to raise US$2.5b from Didi, SoftBank, others

Chinese peer Didi Chuxing and Japan's SoftBank Group Corp, both of which are existing investors, will invest up to US$2 billion to lead the current financing round.

Corporate Earnings

The STI Today

Singapore shares close 0.1 per cent down 

Singapore stocks ended 0.1 per cent lower on Monday, with the Straits Times Index falling 3.32 points to 3,310.8.