The Business Times

Commercial, mixed-use en bloc sales may be unscathed by strata subdivision rule "Existing old strata-titled developments in these prime areas that are aiming for a collective sale are likely to target the large developer…

PropertyGuru to debut on NYSE as investors approve SPAC deal The proposal passed Tuesday (Mar 15) at a special shareholder meeting of Bridgetown 2, the special purpose acquisition company (SPAC) backed by billionaires Ri…

#BTOPINION: Too many S-Reits making cash calls that don't add value for unitholders In the latest #HOCKLOCKSIEW, BT cautions investors to be wary of "throwing good money into bad Reits".

Omicron spread could pare South-east Asia growth forecasts by up to 0.8 percentage point: ADB The downside scenario could occur if Omicron disrupts supply and demand — and thus affects economic activity — for 6 months. V…

Firms seeking to profit from GST hike could have actions made public: committee The Committee Against Profiteering (CAP) says it is not acceptable for businesses to use the GST as a reason for raising prices before it is…

Condo and HDB rents continue to climb, both rising over 1% in February On a year-on-year basis, overall rents for condominiums have gone up 11.8 per cent, while HDB rents rose 12.4 per cent — these on the back of Covid-1…

Nutryfarm satisfied with new executive chairman despite him facing 18 lawsuits in China Its nominating committee said Wu genuinely believes he is not at fault, and that there is no commercial ambiguity on whether he shou…

BT’s Top Stories from Last Week: 1. Changi Airport Group has exposure to 4 airports in Russia bt.sg/3kjU 2. Car dealers trim EV prices ahead of new COE rule bt.sg/3ZRG 3. Malaysia ready to reopen all international border…

#BTExclusive: Carsome acquires 51% of used car dealer CarTimes in IPO push Sources said that the deal is half in cash and half in shares and believed to be worth around US$60 million. Regulatory filings show that on Mar…

StashAway slashes China allocation on fears of secondary sanctions "Even a week ago, our long-term view remained intact. We thought the tech regulatory headwinds were about to be softened, most of it has been priced in a…

GoTo IPO aims for 18t rupiah, but timing raises questions Timing is a crucial factor in determining the success or failure of an initial public offering (IPO) and given current global sentiment towards tech companies, In…

HDB raises S$1b from bond issuance to finance green building projects HDB said the 5-year fixed rate green notes under its existing S$32 billion multicurrency medium term note programme were issued on Mar 15. They bear a…

Vicenta Lodge in Kembangan sold for S$27.2m in collective sale The reserve price for the 16-unit development has been lowered from S$29 million, when it was offered for sale in its previous tender in April 2021. Prior to…

Singapore calls on China to use ‘enormous influence’ on Russia “The big issue now is what decisions and actions China takes,” Minister for Foreign Affairs Vivian Balakrishnan said in an interview. “If you get a deepening…

ABR Holdings takes remaining 20% stake in Chilli Padi catering group for S$4.4m Following the completion of the agreement, Chilli Padi Holding will be a wholly-owned subsidiary of ABR Holdings, which owns and operates Sw…

Impending Fed rate hike marks symbolic end of unlimited support It also marks the end of the meme-stock party, as the Fed cuts off stock and cryptocurrency investors who had gorged on the powerful risk-encouraging cockta…

#BTOPINION: Will escalating Russia-Ukraine conflict add to headaches for property sector? In the latest #HOCKLOCKSIEW, BT thinks property players and participants alike will need to keep a watchful eye on geopolitical te…

Man arrested for suspected involvement in rental scams of more than S$54,700 According to preliminary investigations, the man may be involved in 24 similar cases of rental scams with losses amounting to more than S$54,70…

Pump prices lower at several oil retailers, higher at SPC According to petrol and diesel price tracker Fuel Kaki, all retailers except SPC have cut their pump prices by between S$0.04 and S$0.14, with the smallest and la…

Discovery CEO made over US$246m in 2021, thanks to bumper stock options The one-time options grant extends over seven years, at strike prices of US$35.65 or greater, according to a Discovery spokesman, which means CEO Da…

Commercial podium at 183 Longhaus for sale at S$38m guide price SRI managing partner sees potential for the property to enjoy a higher footfall traffic and injected vibrancy, given the recent opening of the Upper Thomson…