Stay updated with breaking news from Ken Foong. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Singapore property giants City Developments Ltd. and CapitaLand Investment Ltd. reported bigger-than-expected declines in full-year profits, after being battered by high interest rates and a global real estate downturn.
Property giants City Developments Ltd (CDL) and CapitaLand Investment Ltd reported bigger-than-expected declines in full-year profits, after being battered by high interest rates and a global real estate downturn.
The annual figure is the lowest since 2008, and is another sign of a cooling market that has so far avoided the worst of a global housing downturn
Singapore new private home sales fell in 2023 to the lowest in 15 years, as housing curbs and weakening economic conditions began to weigh on the market.
• Tenants may push back on rent increases with higher vacancies