The negative headline inflation which Singapore has experienced since November last year is showing no signs of letting up. However, core inflation, which is seen as a better gauge of everyday household expenditures,rose slightly as services and retail products became pricier.
HDB prices slipped again in the third quarter, but the decline was more muted this time around. HDB resale prices fell 0.3 per cent for the quarter, according to HDB data released on Friday (Oct 23). It was similar to HDB's flash estimates released earlier this month.
A 99-year leasehold condominium site in Clementi Avenue 1 was launched for sale by the Urban Redevelopment Authority (URA). The site is opposite Nan Hua High School and near NUS High School of Mathematics and Science.
The weakening of private home prices gathered pace in the third quarter, as they headed south for the eighth straight quarter. Private home prices fell 1.3 per cent quarter-on-quarter in July-Sept period, compared with a 0.9 per cent price decline in the second quarter, the Urban Redevelopment Authority (URA) said on Friday (Oct 23).
CapitaLand's wholly owned serviced unit, The Ascott Ltd, has secured a contract to manage its first serviced residence in Cambodia. Somerset Norodom will open in Cambodia's capital of Phnom Penh in 2018.
Losses from discontinued operations in the subsea services business has dragged Ezra Holdings into the red in the fourth quarter. The offshore services firm posted a net loss of US$7.8 million (S$10.8 million) in the three months ended Aug 31, down from a restated net profit of US$11.0 million a year ago, it said on Friday (Oct 23).
Oil rig builder Keppel Corp said it may face an investigation into deals with Brazilian state-run oil company Petrobras and rig builder Sete Brasil. A Brazilian parliamentary commission of inquiry backed further investigations into 10 companies it identified as involved in transactions with Petrobras and Sete, including a Keppel FELS Brasil unit, Keppel said in a statement late on Thursday (Oct 22).
Average new home prices in China rose for the fifth month in a row in September, increasing 0.3 per cent from August, according to Reuters calculations from official data published on Friday.