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Daily Debrief: What Happened Today

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The recent cooling measures have "indeed weakened market sentiments and demand" by raising the barriers for entry for "all categories of buyers", said Real Estate Developers' Association of Singapore (Redas) president Augustine Tan at the group's annual mid-autumn festival lunch on Wednesday.

Singapore property market facing 'many challenges': Redas president
NEARLY 46,000 private residential units could be available for sale between 2019 and 2020, which would take around five years to be fully absorbed, according to him. 


Waterloo Apartments in Civic District up for collective sale at S$115m, with provisional nod for hotel use
THE 999-year leasehold site has an asking price of S$115 million and a land area of 14,369 square feet (sq ft), translating to a land rate of S$1,906 per square foot per plot ratio. 


Singapore ranks second in top Asian locations for tech companies: Colliers
COLLIERS ranked 16 large Asian cities on socio-economic, property and human factors in order to identify and recommend the best urban locations in Asia and the three top cities of Bangalore, Singapore and Shenzhen received 61 per cent or more on their scoring scale. 


CAAS awards contract to Rohde & Schwarz to improve air traffic control radio communications
UNDER the 15-year contract, Rohde & Schwarz is required to provide auxiliary equipment, software, project management, training as well as after-sales services.

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Market voices on:


COEs end mostly lower
CERTIFICATES of entitlement (COE) ended mostly lower at the latest tender on Wednesday (Sept 19), with the mainstay premium for smaller cars falling below $30,000 for the second time since July..

Changi is again Asia's most connected international airport; slips to 8th globally
IN ranking the airports, OAG calculated the total number of all possible connections between inbound and outbound flights within a six-hour window, on the busiest day for global aviation over the 12 months to July 2018. 


Sembcorp, Senoko power generating units tripped, causing Tuesday's blackout: EMA
THE Energy Market Authority (EMA) said in a statement on Wednesday afternoon that it was working with the two power generation companies and their equipment suppliers to establish why the units tripped.


The STI today

Singapore shares close 1.2% up on Wednesday
SINGAPORE stocks ended 1.2 per cent higher on Wednesday, with the Straits Times Index moving up 37.23 points to 3,176.57.