Daily Debrief: What Happened Today

Stories you might have missed

Singapore’s inflation expectations dip with higher interest rates, global headwinds: poll

SINGAPOREANS’ headline inflation expectations for the year ahead fell, down to 3.8 per cent in a December poll from an 11-year high of 4.6 per cent in September 2022, according to the latest quarterly results of the Singapore Index of Inflation Expectations (Sindex).

Developers’ 2022 sales bottom out to lowest since 2008 on crimped supply, holiday lull

NEW private home sales plummeted in December 2022 to their lowest since 2009, according to data released by the Urban Redevelopment Authority on Monday (Jan 16).

Room for higher taxes on luxury homes and non-residential properties

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LAST year, Singapore’s Budget contained some bad news for homeowners, with many hit by the levying of higher property taxes. Should homeowners view the coming Budget announcement on Feb 14 with trepidation? Could other property owners be hit with higher taxes?

Prime grade office rents rise 1.7% qoq, leading to landlord’s market: Knight Frank

PRIME grade office rents in the Raffles Place/ Marina Bay precinct rose 5.5 per cent on the year, or 1.7 per cent on the quarter in Q4 2022, according to a report published by Knight Frank on Monday (Jan 16).

Lighthouse Canton raises US$20m in first close of maiden venture debt fund

SINGAPORE-BASED investment firm Lighthouse Canton has raised US$20 million in the first close of its new venture debt fund, which has a target of US$100 million.

Foreign buying continues in China A-shares, North Asia, while South-east Asia lags

FOREIGN fund flows into Asia stocks continued into the second week of 2023 and are expected to remain strong, with Beijing’s growth target of more than 4.5 per cent for the year underpinning China’s expansionary stance.

The STI today

Singapore shares buck Asian peers; STI closes 0.3% lower

SINGAPORE stocks started the week in the red, with the Straits Times Index (STI) closing 0.3 per cent or 10.15 points lower at 3,283.60 points on Monday (Jan 16). The STI bucked the trend among its Asian peers, which were buoyed by optimism surrounding China’s reopening.