News about Singapore

THE secret to happiness is to spend ­money on experiences and not things, says Thomas Gilovich, a psychology professor at Cornell University.

SINGAPORE (March 14): UOB Kay Hian is starting coverage of Hatten Land with a “buy” call and a target price of 43 Singaporean cents.

KUALA LUMPUR (March 14): Sime Darby Bhd clarified yesterday that it could not meet the deadline to complete the reverse takeover (RTO) of Singapore-listed Saizen Real Estate Investment Trust (REIT) because circulars to Saizen REIT’s unitholders were not issued on time.

THE top two losses for private non-landed homes sold in the week of Feb 14 to 21 were for units in Orchard Scotts, a 99-year leasehold ­condominium in prime District 9 completed in 2008.

SINGAPORE (March 13): A surprise letup of property cooling measures — albeit minor and targeted tweaks — on Friday sent property developer stocks soaring to the highest in more than 20 months.

PUCHONG (March 13): IOI Properties Bhd is aiming to start construction of an office development with an estimated gross development value (GDV) of at least S$3.

Kimlun Corp Bhd (March 10, RM2.

SINGAPORE (March 10): CIMB is upgrading Wing Tai Holdings to “add” with a higher target price of S$2.

GOVERNMENT officials, policymakers, economists, bankers and experts gathered here for the Second Annual Asean Consumer and Household Debt Conference on Feb 22 and 23.

SINGAPORE is the second-most important destination in the world for Asian ultra-high-net-worth individuals (UHNWIs) when it comes to real estate investments, according to the latest edition of Knight Frank’s Wealth Report 2017, released on March 1.