Daily Debrief: What Happened Today

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Singapore’s trade slump likely to persist till year-end as key exports fall a surprising 20.1% in August

SINGAPORE’S non-oil domestic exports (NODX) slid a surprising 20.1 per cent in August, dragged down by electronics shipments which continued to contract for the 13th consecutive month, data from Enterprise Singapore (EnterpriseSG) showed on Monday (Sep 18).

New Prime and Plus flats will have greater fiscal impact as more subsidies to be disbursed: Desmond Lee

SUBSIDIES for the Prime and Plus flats to be launched from the second half of 2024 are expected to have a higher fiscal impact than the status quo, Minister for National Development Desmond Lee said on Monday (Sep 18). 

OK Lim’s Third Avenue GCB for sale at S$30 million

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ANOTHER Good Class Bungalow (GCB) belonging to Hin Leong’s founder Lim Oon Kuin, better known as OK Lim, has been put up for sale by public tender with an indicative guide price of S$30 million, or about S$2,058 per square foot (psf).

Pent-up tech deal flow will create a competitive buyers’ market: Bain report

GLOBAL technology deals have slowed since mid-2022, as rising interest rates and declining asset values have made selling prices un appetising. This has led to a mounting backlog of tech deals that is growing faster than the current dry powder in the market.

Island View condo launched for en bloc sale at S$575 million

FREEHOLD Island View condominium in Pasir Panjang has been put up for en bloc sale with a reserve price of S$575 million, sole marketing agent PropNex said on Monday (Sep 18). 

Singapore shares track regional, Wall Street red ink; STI dips 0.5%

STOCK markets in the Asia-Pacific, including Singapore, mostly closed in the red on Monday (Sep 18), tracking the sharp loss on Wall Street last Friday.