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Daily Debrief: What Happened Today

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MAJOR property stocks fell sharply on early trade on Thursday on the government’s latest move to cut the maximum number of units allowed in new private flat and condo developments outside the central area from early next year.

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Singapore property stocks slide following new rules on condo unit sizes

MAJOR property stocks fell sharply on early trade on Thursday on the government’s latest move to cut the maximum number of units allowed in new private flat and condo developments outside the central area from early next year.


 

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More COEs available for November to January quarter

IN its latest quarterly announcement on Thursday, the Land Transport Authority said that there will be 10,046 COEs a month from November to January - up 8.9 per cent from the current monthly supply of 9,225.


Salim, Medco consortium to pump S$530m into Hyflux

The consortium, SM Investments, will own 60 per cent of equity in Hyflux upon completion of the deal.


New URA rules for bigger unit sizes may reduce affordability for retirees and millennials: Redas

THE industry association also said that developers currently build based on market demand to cater to the diverse needs of all segments of the market, and are building fewer shoebox units in new private housing projects as demand for such dwellings has fallen over the years.


Singapore Airshow 2018 generated over S$343m in spending, up 4% from 2016: survey

OVER six days from Feb 6, the sixth edition of the biennial Singapore Airshow saw exhibitors, trade attendees, visitors and tourists spend that combined amount on flights, accommodation, exhibition space, entertainment, food and beverage, and shopping.


Single-storey detached house in Serangoon Gardens on sale for S$11.5m

Located at 18/20 Berwick Drive, the house spans two adjoining lots with a combined land area of about 10,602 sq ft. Subject to planning approval, the site could potentially accommodate either a pair of detached houses, two pairs of semi-detached houses or a combination of both housing types, said Savills Singapore in a statement on Wednesday.


Singapore ranks 9th globally by wealth per adult: Credit Suisse report

SINGAPORE ranks ninth among major economies in terms of wealth per adult, which rose 5.3 per cent to more than US$283,000 in the 12 months from mid-2017 to mid-2018, according to Credit Suisse Research Institute's 2018 Global Wealth Reportreleased on Thursday.


72 HealthHub accounts suspected hacked; Singapore e-service shut down for 6 days

THE attack on HealthHub - a gateway to citizens' medical records, prescriptions and clinic appointments - came on the heels of a cyber attack on SingHealth in June. That attack led to Singapore's biggest data breach, involving the personal data of 1.5 million SingHealth patients.


The STI today

Singapore shares close flat on Thursday

SINGAPORE stocks ended flat on Thursday, with the Straits Times Index falling 1.43 points or 0.1 per cent to 3,069.67.