pstrongAll sub-markets posted decreases./strong/p pCondo rents dropped by a href="https://sbr.com.sg/residential-property/news/condo-rents-fall-04-mom-and-46-yoy-in-april"0.5% MoM/a and 4.5% YoY in May, data from 99.co and SRX showed./p pRents also fell across sub-markets, led by the Rest of Central Region (RCR) which saw a 1.
Rents also fell across sub-markets, led by the Rest of Central Region which saw a 1.1% MoM and 4.9% YoY drop.Rental volumes also decreased in May, falling 12.2% MoM and 0.4% YoY to 5,155 units. Of the total volume, 35.5% was from the OCR, 33.5% from RCR, and 30.9% from CCR....there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.
We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.3.
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Condo resale prices rise 1.5% MoM and 5.1% YoY in AprilpstrongAcross submarkets, OCR posted the highest year-on-year price increase./strong/p pCondo resale prices picked up in April, rising 1.5% MoM and 5.1% YoY, according to data from 99. co and SRX showed./p pAcross submarkets, the Rest of Central Region (RCR) posted the highest month-on-month increase in prices at 2.
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HDB resale prices up 6.0 % YoY in MaypstrongPrices also inched up by 0.3% MoM./strong/p pHDB resale prices increase by 0.3% MoM and 6.0% YoY in May 2024, data from 99.co and SRX showed./p pAccording to the report, mature estates experienced a slight decline of 0.3% whilst non-mature states inched up by 1.1% YoY.
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HDB and condo rents soften in May as leasing volumes dipMarket watchers attribute the drop in leasing demand to weaker job market and June holiday lead-up.
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Suntec REIT’s DPU drops 13.0% YoY in Q1 2024 to $0.226pstrongThe REIT recorded a lower DPU and a higher revenue for Q1 2O24./strong/p pSuntec REIT’s distribution per unit (a href="https://sbr.com.sg/commercial-property/news/dpu-elite-commercial-reit-drops-289-yoy-ps00342-in-fy23"DPU/a) declined 13% in Q1 2024 to $0.226 amidst high financing costs and vacancies in some assets.
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Nio widens net loss by 9.4% YoY in Q1 2024pstrongThe company reported a net loss of $965m./strong/p pSGX-listed Chinese EV manufacturer Nio reported a net loss of $965m (RMB5.2b) in Q1 2024, reflecting a 9.4% year-on-year (YoY) increase from Q1 2023./p pTotal revenue for the period also took a hit, decreasing 7.2% YoY to $1.8b (RMB9.9b) compared to Q1 2023.
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Retail sales drop 1.2% YoY in AprilpstrongExcluding motor vehicles, sales would have fallen 4.5% YoY./strong/p pRetail sales dropped by 1.2 YoY and a href="https://sbr.com.sg/retail/news/retail-sales-rise-27-yoy-in-march"2.7% MoM/a in April, translating to a sales value of $3.9b./p pOf the total sales value, 11.8% was from online sales.
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