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Daily Debrief: What Happened Today

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The aim is to achieve growth in the financial sector at an annual 4.3 per cent – on a real value-added basis – and hit a productivity rate of 2.4 per cent annually.

Singapore financial sector aims to create 3,000 net jobs per year, beat national economic growth
SINGAPORE'S financial sector is expected to continue outpacing the growth of the overall economy, with the Monetary Authority of Singapore (MAS) on Monday unveiling strategies to raise the Republic's status to a top global financial centre in Asia. 

Pearlbank Apartments' owners cross 80% mark, asking for S$728m in collective sale
OWNERS of Pearlbank Apartments has crossed the requisite consensus to launch a fourth collective sale attempt of the iconic horseshoe-shaped building at Outram.


How Sun Park to be launched for collective sale with S$78m reserve price
DHOW Sun Park, a development of 20 townhouses along How Sun Road in the Bartley area, will be launched for collective sale on Tuesday with an asking price of at least S$78 million.

Market voices on:

Leasehold favoured over freehold properties in current en bloc fever
DEVELOPERS' love for freehold property in residential en bloc sales in the past appears to have given way to a preference for leasehold assets in the current en bloc cycle.

September sees marginal rise in completed condo prices in Singapore: SRPI
PRICES of completed private apartments and condominium units here rose 0.1 per cent in September from a month ago, mainly buoyed by the monthly gain in small units. This follows a revised 0.9 per cent increase in August.

Lion-Phillip S-Reit ETF debuts with initial AUM of S$100m
THE first exchange-traded fund (ETF) to track a basket comprising solely of Singapore-listed real estate investment trusts (S-Reits) garnered an initial assets under management (AUM) of more than S$100 million, its issuers said on Monday.

OUE Lippo Healthcare subsidiary faces suit by individual claiming majority stake
CERTAIN downstream subsidiaries of OUE Lippo Healthcare are facing a lawsuit by an individual claiming a majority share in one of those units.

Corporate Earnings

The STI Today

Singapore shares close 0.3% down on Monday
SINGAPORE stocks finished 0.3 per cent lower on Monday, with the Straits Times Index retreating 10.47 points to 3,375.97.