Chart of the Day
7 in 10 CEOs in Singapore are internal hires
7 in 10 CEOs in Singapore are internal hires
Only 23% of CEOs in Singapore got hired externally.
Manufacturing stocks lodge weakest January performance since 2016
The iEdge SG Adv Manufacturing Index recorded a 6.4% decline.
Property investment volume drops 30.6% YoY to $20.8b in 2023
GLS tenders accounted for 37.2% of total investment last year.
S-REITs post negative returns in January
Total returns of S-REITs were at -4.6%.
How much do advertisers spend on digital ads?
Digital spending makes up 59.7% of total ad spend in Singapore.
Green building adoption in Singapore nears 80%
In APAC, SG stands as the 7th top market for green building adoption.
Lower property tax to benefit most private owners
Singapore will likely see a 20%-30% lower property tax in 2025.
MNCs offer more flexible working days than local companies: Hays
Only two in 10 MNCs require their workers to report five days a week in the office.
Logistics rents climb 8% YoY in 2H23
Singapore had the sixth-highest rent growth in APAC.
Streaming Battle: Netflix retains its crown in Singapore
The platform saw a 3% growth in its market share in 4Q23.
Singapore leads commercial real estate investments in APAC
Commercial investment volume in Singapore grew 462% QoQ and 110% YoY in 4Q23.
Sales value of strata office units climbs 1.8% YoY to $1.17b in 2023
Volume was similar to 2022’s level.
Good Class Bungalow transactions dwindle by 58.3% YoY in 2023
Only 20 GCBs were sold last year.
Almost half of employers still reluctant to use AI in recruitment
Employers who have utilised AI do so for shortlisting, amongst others.
Leasehold strata office sales climb 7.8% HoH to 114 in 2H23
Sales value for the period was $291.7m.
7 in 10 SMEs plan to do more business internationally
Given this, more firms have been using apps for cross-border payments.
Manufacturing sector firms 'cautiously positive’ about business in 1H24
A net weighted balance of 10% expects an improved situation.
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