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Office vacancies climbed more than 5% in six of the top 25 US markets this year, according to CommercialEdge. Sale prices, meanwhile, dropped again, down 9% from the average price in 2023.
It owns and manages some 850,000 sq. m. of office and retail property in Asia, principally in Hong Kong and Singapore. Its Hong Kong portfolio represents some 450,000 sq. m. of commercial property, making it the single largest landlord in Central, Hong Kong. [8] In Singapore it has 165,000 sq. m. of office space mainly held through joint ventures.
Fitch assigned FWD Group a long-term Issuer Default Rating (IDR) of “BBB+” with a stable outlook; Moody’s assigned a Baa2 issuer rating to FWD Group with a positive outlook. [ 35 ] For the year 2023, the company’s Value of New Business reached US$991 million, up 22% compared to 2022, and its operating profit after tax was US$372 million ...
Bukit Timah railway station reopened as part of the new 4.3-hectare community space around the mid-point of the Rail Corridor. [77] [78] 7 July – Decathlon Data Lab in Singapore is launched for digitalisation computer service operated by Decathlon and Sports Singapore which is located next to its Singapore Lab store in Stadium Boulevard.
Pacific Century Group (PCG), chaired by Richard Li, is an Asia-based private investment group founded in 1993 with interests in technology, media and telecommunications, financial services, infrastructure, property and other investments. [1]
(Reuters) -The S&P 500 and the Dow hovered at levels seen more than a week ago on Friday, as investors took comfort from data pointing to robust economic activity in the world's biggest economy.
The average interest rate for a 30-year fixed mortgage stands at nearly 6.7%, well above an average rate four years ago of 2.6%, Freddie Mac data shows. A small rate cut by the Fed would not ...
Under the Employment Act, [8] an employee who is required to work on a public holiday is entitled to an extra day's salary at the basic rate of pay, in addition to the gross rate of pay for that holiday. The days observed as general public holidays in Singapore are declared in the schedule to the Holidays Act. [9]