Daily Debrief: What happened today

Stories you might have missed

Singapore condo managing bodies under strain as disputes, 'abuse' on the rise

Condominium management corporations and managing agents are grappling with heavier workloads, higher costs, more frequent disputes and "cabin fever" among residents, as more individuals stay home due to the pandemic, and amid manpower shortages.

Singapore banking system has 'insignificant' exposure to Evergrande: MAS

Singapore's banking system has "insignificant" exposure to China Evergrande Group, and less than 1 per cent of its non-bank direct lending is exposed to China's property sector, a Parliamentary reply this week showed.

Increase in hotel investment reflects growing optimism in APAC: CBRE

Investor sentiment towards hotels has improved in recent months following a challenging 12 months after the onset of the pandemic, said CBRE in an update on investment figures for Asia Pacific hotels for the first half of this year.

Singapore retail sales fell 2.8% in August, ending 6-month expansion streak

Singapore's retail sales fell 2.8 per cent year on year in August, ending a six-month streak of expansion as last year's low-base effect fade, according to data from the Department of Statistics Singapore (SingStat) on Tuesday.

Singapore outbound real estate investment deals reach S$5.2b in Q3: Knight Frank

Singapore recorded S$5.2 billion in outbound real estate investment deals in Q3 of 2021, representing a 53.9 per cent growth from the S$3.4 billion transacted in the same period last year, according to Real Capital Analytics data.

The STI today

Singapore stocks close lower on Tuesday; STI down 0.7%

The Straits Times Index (STI) ended 21.53 points or 0.7 per cent lower at 3,068.21 points amid weakened sentiment on Tuesday, tracking losses on Wall Street.