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Daily Debrief: What Happened Today

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THE Urban Redevelopment Authority (URA) and the Housing & Development Board (HDB) have released two residential sites and one "white" site for sale under the second half 2018 Government Land Sales (GLS) Programme, which could in all yield about 2,000 residential units.

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Marina View 'white' site, Kampong Java Road residential site and Tampines Ave 10 exec condo site released for sale under GLS

THE Urban Redevelopment Authority (URA) and the Housing & Development Board (HDB) have released two residential sites and one "white" site for sale under the second half 2018 Government Land Sales (GLS) Programme, which could in all yield about 2,000 residential units.


 

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Singapore Q4 business sentiment worsens for both services and manufacturing

GLOBAL trade tensions and property cooling measures in Singapore have taken their toll on fourth-quarter business sentiment in the manufacturing and services sectors, according to separate updates from the Economic Development Board (EDB) and the Department of Statistics (SingStat) on Wednesday.


Founding partner ExxonMobil to pump US$10m into Singapore Energy Centre

EXXONMOBIL will contribute US$10 million over five years as the first founding industry partner for the new Singapore Energy Centre, in the oil and gas supermajor’s first research and development partnership outside the US. 


Hyflux to seek more time to put restructuring plan to creditors' vote by April

HYFLUX is likely to seek another four months of reprieve from creditors before its current court-approved debt moratorium expires on Dec 18.


Cromwell E-Reit buying 23 Europe properties for 384 million euros

CROMWELL European Reit (Cromwell E-Reit) is acquiring 23 properties across the Netherlands, Finland, Poland, Italy and France for around 384.4 million euros (S$604.98 million), and will seek to raise 224.1 million euros in an underwritten and renounceable rights issue to partially fund the acquisition.


KKR pumps S$200m into PropertyGuru app

PROPERTYGURU has pulled in S$200 million from KKR & Co, raising funds for the first time in three years as Southeast Asia's largest real estate portal prepares to delve into new business areas.


Corporate earnings


The STI today

Singapore shares soar on Wednesday; STI crosses 3,000 mark

SINGAPORE shares closed higher on Wednesday, with the Straits Times Index up 52.35 points or 1.8 per cent to close at 3,018.80.