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Singapore Wrap Tuesday
Prices of completed non-landed private homes in Singapore dipped 0.3 per cent in June 2015 over May, according to the National University of Singapore (NUS) flash estimate for its Overall Singapore Residential Price Index (SRPI) released on Tuesday. This follows a month-on-month fall of 0.6 per cent for May, based on the revised index value for that month.
There is a marginal improvement in the market sentiment for real estate in the second quarter of this year, although sentiment remains weak, according to the latest NUS-Redas Real Estate Sentiment Index survey.
Singapore Prime Minister Lee Hsien Loong and Indonesian President Joko Widodo reaffirmed the two countries' close ties at a meeting in Singapore and pledged to continue to work together in the areas of economy, defence and "people-to-people ties".
A self-radicalised Singaporean man has been arrested under the Internal Security Act and issued a two-year order of detention, the Ministry of Home Affairs (MHA) said on Tuesday.
- United Overseas Insurance's Q2 profit plunges 47.8%
- Lian Beng posts record profit and revenue
- Great Eastern's Q2 net profit up, boosted by partial sale of interest in New China Life
- Parkway Life Reit's Q2 DPU up 15.6% to 3.35 cents
- Keppel Infrastructure Trust's Q1 earnings rise 5.2%
The STI Today
The local market finished 0.98 per cent lower on Tuesday with the Straits Times Index retreating 32.33 points to 3,281.09 as China stocks continued to trade lower.