SG Morning Highlights | Sembcorp Unit Signs S$1.9b Agreement to Import Piped Natural Gas From Indonesia

Advancers / Decliners is 76 to 76, with 147.34 million securities worth S$116.02 million changing hands.

TENS of thousands of new homes could come up on the 120 hectares of land freed up by the closure of the Singapore Turf Club (STC), said real estate analysts.

STC's current racecourse site in Kranji will be returned to the government by March 2027 to make way for housing and other developments in the area. This builds on previously announced plans to further develop Singapore's northern region, such as redeveloping the area around Woodlands Checkpoint and transforming the Lim Chu Kang area into a high-tech agri-food cluster.

Sales of super-prime residential property in Singapore rebounded 60.9 per cent in the first quarter of 2023 to 37 deals, after a relatively slow Q4 of 2022 which chalked up 23 sales, according to data collected by real estate consultancy Knight Frank.

The consultancy counts transactions valued at over US$10 million to be in the super-prime category.

The number of Singapore transactions closed in Q1 was the same level as the year-earlier period. However, the average sale price of super-prime category deals here fell about 12.4 per cent to US$15.6 million in Q1 2023, from US$17.8 million in Q4 2022. The average sale price was also down 15.2 per cent year on year, from S$18.4 million in Q1 of 2022.

In a bourse filing, Sembcorp said the agreement supplements its existing natural gas supply from piped and liquefied sources, and will allow the company to maintain its position as Singapore's leading natural gas importer.

Despite the agreement, the company, however, said it remains "committed to supporting Singapore with a stable and resilient supply of energy in its transition towards a net-zero future".

While financial data such as credit card information or passwords have not been accessed or retrieved by hackers, leaked information include customers’ names, addresses, emails, birth dates and phone numbers.

Disclosing this in a bourse filing, Goldheart said its forensic analysis to date has ascertained that its e-commerce website was the target of illegal and suspicious activities from an "external party". It did not identify the party in question.

The amount was based on a S$1.38 billion agreed market value of the 291 strata lots PPP owns in Parkway Parade, an integrated office and retail development in Marine Parade.

PPP holds an indirect 100 per cent interest in the 291 strata lots, which represent 77.09 per cent of the lots' total share value.

Cyxtera is the Reit's second customer to file for bankruptcy, after Sungard, its fifth-largest tenant, did so in 2022.