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Daily Debrief: What Happened Today

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The preliminary third-quarter 2017 figure now stands at 3,015 private homes.

Developers' sales fall to 657 private homes in Sept from 1,246 units in Aug: URA
SINGAPORE developers sold 657 private homes in September 2017 - down from 1,246 units in August 2017, on the back of a pullback in new launches amid the Hungry Ghosts Festival. However, the September 2017 figure is higher than the 509 units developers moved in September 2016. 

Three new precincts to showcase future neighbourhood designs: Lawrence Wong
SINGAPORE will develop three new residential precincts in Kampong Bugis, Holland Plain and Bayshore over the next seven years under a new concept that emphasises connectivity, greenery and community, Minister for National Development Lawrence Wong said on Monday.

Quick takes: Hungry Ghost busts euphoria, but it's no phantom demand either
SINGAPORE developers sold 657 private homes in September 2017 - down from 1,246 units in August 2017, on the back of a pullback in new launches amid the Hungry Ghosts Festival. However, the September 2017 figure is higher than the 509 units developers moved in September 2016.

SingNet fined S$500,000 by IMDA for service disruption in December 2016
INTERNET service provider SingNet has been fined S$500,000 by the Infocomm Media Development Authority (IMDA) for the fibre broadband service disruption which occurred on Dec 3 last year.

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Market voices on:

Broker's take: RHB maintains 'buy' on ThaiBev's Myanmar, restaurant foray
RHB Research kept a "buy" call on Thai Beverage Public Company (ThaiBev), with a target price of S$1.12 on the back of the company's recent restaurant acquisitions and diversification into Myanmar, it said on Monday in a research note.

Tuas mega port will boost Singapore as a maritime hub: PM Lee
WHILE Singapore has enjoyed much success as a maritime hub, it cannot rest on its laurels, said Prime Minister Lee Hsien Loong in a Facebook post on Monday.

Singaporeans' inflation expectations fall to 2.93% in September: SMU poll
SINGAPOREANS' one-year-ahead median headline inflation expectations fell slightly to 2.93 per cent from June's 3.23 per cent, attributed to factors like declining private road transport inflation due to lower COE premiums, and a loosening labour market.

 

Corporate Earnings

The STI Today

STI extends rally by 4 points in firm session
LIKE most regional indices, the Straits Times Index (STI) on Monday extended gains from last week, adding 3.95 points or 0.12 per cent to push through to 3,323.06.

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