Daily Debrief: What Happened Today

Stories you might have missed

Private home prices skew upwards in Q1, rising 3.2 % on low volume

PRICES of private homes in Singapore accelerated in the first quarter of 2023, growing 3.2 per cent over the previous three months on lower sales volume, according to the Urban Redevelopment Authority’s (URA) flash estimates on Monday (Apr 3).

Singapore O&G stocks up after Opec+ cut, but economists warn of higher oil prices adding to inflationary pressures

HIGHER oil prices on the back of a fall in oil production appear to have boosted the prices of several oil and gas counters listed on the Singapore Exchange (SGX). But economists caution that high oil prices could also weigh on Singapore’s economy, particularly since the city-state is a net oil importer.

Sembmarine proposes changing its name to Seatrium

SEMBCORP MARINE (Sembmarine) announced on Monday (Apr 3) its proposal to change its name from Sembcorp Marine Ltd to Seatrium Limited, subject to the approval of shareholders.

HDB resale prices flatten in Q1; up 0.9% in slowest quarterly growth since 2020

HOUSING and Development Board (HDB) resale prices climbed 0.9 per cent in Q1 2023, the smallest quarterly increase since Q2 2020.

CapitaLand Investment to acquire six multifamily assets in Japan for S$141.4 million

CAPITALAND Investment (CLI) has entered into a forward purchase agreement to acquire six multifamily assets in Osaka, Japan, for S$141.4 million for its regional core-plus fund CapitaLand Open End Real Estate Fund (Coref).

Alpina unit bags S$117 million HDB project to build solar panels

ALPINA Energy, a wholly-owned subsidiary of Catalist-listed Alpina Holdings announced on Monday (Apr 3) that it has clinched a contract worth S$117 million to design, install, construct, test and commission solar photovoltaic systems for a Housing and Development Board (HDB) project.

The STI today

Singapore stocks rise as markets leave banking woes behind; STI up 0.7%

THE Straits Times Index (STI) rose 0.7 per cent or 22.18 points to close at 3,281.08 points on Monday (Apr 3), amid buoyant trading across Asia.