Daily Debrief: What Happened Today

Stories you might have missed

New private home sales surge in July with 4 major launches, but sentiment may be turning

DEVELOPERS’ sales of new private residential units were robust in July with several big launches on the market. But lacklustre sales at new projects last weekend, combined with slower take-up at launches in the months before, point to sentiment turning as demand pulls back.

Lucasfilm winds down Singapore operations due to industry challenges

AMERICAN entertainment production company Lucasfilm is winding down its Singapore operations in response to challenges facing the industry and changes in business conditions.

Housekeeper, porter added to jobs list where firms can hire non-traditional work permit holders

LICENSED hotels will be allowed to hire housekeepers and porters from non-traditional source countries from Sep 1, as part of a scheme to help businesses with pressing manpower needs adjust to stricter S Pass salary benchmarks.

SGX launches structured certificates; first product linked to Hong-Kong listed Alibaba

SINGAPORE Exchange (SGX) is launching structured certificates, becoming the first exchange in Asia to list and offer the trading of such products.

Clementi, Pine Grove sites for about 1,065 units could draw bids of up to S$1,200 psf

TWO state land parcels at Clementi Avenue 1 and Pine Grove (Parcel B) have been released for sale, and are expected to draw bids of up to S$1,200 per square foot, and in the region of S$550 million to S$650 million for each site.

Singapore stocks end lower on Tuesday; STI dips 0.5%

SINGAPORE stocks continued to slide on Tuesday (Aug 15). The benchmark Straits Times Index (STI) fell 0.5 per cent to 3,232.74.