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Daily Debrief: What Happened Today
SINGAPORE'S headline inflation eased in June, ending a four-month streak of edging upwards, according to consumer price index (CPI) figures released by the Department of Statistics on Tuesday. Core inflation also continued to ease, strengthening economists' expectations of monetary easing ahead.
LAKEPOINT Condominium near Jurong Lake District, positioned as Singapore's second Central Business District, has been put up for collective sale via tender with a reserve price of S$640 million, its joint marketing agents SLP International Property Consultants and Strata AMC said on Tuesday.
MAINBOARD-LISTED property developer Fragrance Group will be launching the sale of its Jervois Treasures condo in prime District 10 on Saturday with prices starting from S$1.37 million for a one-bedroom apartment.
NEARLY half of healthcare practitioners believe Singaporeans will be hard pressed to cope with the health expenses of living to 100, a survey by Prudential has found. This is because a greater number of them possibly need to manage more than one chronic disease in their old age.
SINGAPORE-BASED co-living company Hmlet has raised US$40 million in a Series B round, which will allow it to continue growing across gateway cities in Asia, it said in a media statement on Tuesday.
The STI today
SINGAPORE stocks closed higher on Tuesday, bouncing back from the previous day's decline amid official data showing inflation rates eased in June. The Straits Times Index (STI) rose 0.47 per cent or 15.91 points to close at 3,373.13.