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Airbnb’s IPO doesn’t require head-in-sand moment

IS IT possible that Airbnb could be a technology initial public offering (IPO) that isn't requiring investors to have their head in the sand? The home-sharing app's revenue fell more than 30 per cent in the first nine months of the year as Covid cut into travel. The Business Times - Read...

HDB launches over 11,000 flats for November BTO, SBF exercises

Experts observe that the flats in Sembawang, Tampines and Tengah are expected to attract “fairly healthy applications”, though they would not be as hotly contested as those in Bishan and Toa Payoh (Bidadari). The Housing and Development Board (HDB) on Tuesday (17 November) launched 11,015 flats for sale under the Build-to-Order (BTO) and Sale of Balance Flats (SBF) exercises for November.  For the BTO...

HDB’s BTO sales exercise marred with website glitches

Applicants who did not receive any confirmation email are advised to try again. HDB reminds that successful applicants will be determined by a computer ballot, and not on a first-come, first-served basis. Image: Google Maps Singaporeans looking to apply for a Housing and Development Board (HDB) flat on Tuesday (17 November) faced issues in submitting their online applications, with some posting their...

Lum family, Ellipsiz to make mandatory offer for Lum Chang at S$0.38 per share

ENGINEERING and service solutions firm Ellipsiz as well as members of the family that controls construction firm Lum Chang Holdings will offer to buy up remaining shares of the latter at S$0.38 apiece, while keeping it listed. ENGINEERING and service solutions firm Ellipsiz as well as members of the family that controls construction firm Lum Chang Holdings will offer to buy up remaining shares of the...

CapitaLand Retail China Trust to raise at least S$300m for acquisition

CAPITALAND Retail China Trust (CRCT) on Tuesday launched an equity fundraising to finance part of its proposed purchase of interests in business parks and a Guangzhou mall. CAPITALAND Retail China Trust (CRCT) on Tuesday launched an equity fundraising to finance part of its proposed purchase of interests in business parks and a Guangzhou mall. The Business Times - Read...

Five shophouses, three Bukit Timah Plaza retail units for sale

MORE shophouses in Singapore have come to the market, with five along Tras Street, North Bridge Road and Balestier Road launched for sale on Monday. MORE shophouses in Singapore have come to the market, with five along Tras Street, North Bridge Road and Balestier Road launched for sale on Monday. The Business Times - Read...

CapitaLand to grow China exposure in high-growth sectors

CAPITALAND has targeted to grow its China exposure in the "new economy" sector to S$5 billion over the next few years, from S$1.5 billion. CAPITALAND has targeted to grow its China exposure in the "new economy" sector to S$5 billion over the next few years, from S$1.5 billion. The Business Times - Read...

Mapletree Industrial Trust awards S$127.1m Kallang contract to Lum Chang

CONSTRUCTION player Lum Chang Holdings on Monday said its wholly-owned subsidiary Lum Chang Building Contractors (LCBC) has secured a tender for an industrial project at Kallang Way, which is part of the Geylang planning area. CONSTRUCTION player Lum Chang Holdings on Monday said its wholly-owned subsidiary Lum Chang Building Contractors (LCBC) has secured a tender for an industrial project at...

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