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Daily Debrief: What Happened Today

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GuocoLand tops bids for Beach Road site with bid of S$1.622b or S$1,706 psf ppr

A state tender for a plum 99-year leasehold commercial site at Beach Road had attracted five bids when its tender closed on Thursday. The top bid, from GuocoLand, was S$1.622 billion, reflecting S$1,706 per square foot per plot ratio (psf ppr).

Singapore sees largest IPO listing in 6 years in Q3 2017: EY

Singapore saw the largest initial public offering (IPO) in six years in its market through September, according to data in the latest EY (Ernst & Young) Global IPO Trends: Q3 2017.

Broker's take: Singapore home prices to rebound for first time in 4 years

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OCBC Investment Research expects the Urban Redevelopment Authority's (URA) third-quarter price index to rebound for the first time in four years - a key inflection point marking the end of the Singapore housing bear.

Starbucks extends agreement with Maxim's Caterers to grow in Singapore

Starbucks Coffee Company announced on Thursday that it has entered into an agreement with its long-time strategic partner Maxim's Caterers Limited to license fully Starbucks operations in Singapore.

Koh Brothers Eco's JV firm secures S$520m contract for maiden tunnelling project

A subsidiary of Catalist-listed Koh Brothers Eco Engineering Ltd has secured a S$520 million contract from PUB in collaboration with its joint-venture partner Penta-Ocean Construction Co Ltd.

Asia's first YOTEL opening in the heart of Singapore

YOTEL, the chain of microhotels,will open its first in Asia on Sunday in the heart of Singapore. Located at 366 Orchard Road, YOTEL Singapore integrates elements of luxury hotels into smartly designed spaces to provide guests with "everything they need and nothing they don't".

Hot stock: APAC Realty rises above IPO price on debut day

The counter of APAC Realty Ltd, which operates under the ERA brand, rose to S$0.715 on Thursday morning, its first day of trading. This is above its initial public offering (IPO) price of S$0.66 per share.

Acceptances push unconditional offer for Mary Chia past 90% mark

SUKI Sushi, which launched an unconditional mandatory offer for Catalist-listed Mary Chia Holdings earlier this year, now owns, controls or has agreed to acquire about 90.1 per cent of the latter, as at 5pm on Sept 27.

The STI Today

Singapore stocks finish weaker as push on banks fizzles out

Slight follow-through buying of the banks on Thursday first helped the Straits Times Index record a 14-point rise to an intraday high of 3,250 but the momentum was lost once the Dow futures dipped into the red and the index finished the day a net 9.01 points weaker at 3,227.14.

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