SG Morning Highlights | Application Rate for October BTO Exercise Falls to Lowest in Recent Years

Singapore shares opened higher on Wednesday. The $FTSE Singapore Straits Time Index(.STI.SG)$ rose 0.45 per cent to 3,213.52 as at 9.16 am.

$Yanlord Land(Z25.SG)$：Chinese property developer Yanlord Land Group recorded 26.1 billion yuan (S$4.8 billion) in total contracted presales from residential units, commercial units and car parks for the first nine months of the year. The presales were for a contracted gross floor area of about 1.02 million square metres (sq m) and were 51.7 per cent lower than presales for the year ago period, the group said in a bourse filing on Tuesday (Oct 10).

$AIMS APAC Reit(O5RU.SG)$：AIMS Apac real estate investment trust (AA Reit) manager on Tuesday (Oct 10) reported a fire incident at one of the Reit’s properties at 61 Yishun Industrial Park A. There were no casualties reported, the manager said. It noted that the fire broke out at around 5.15 pm and was brought under control by the Singapore Civil Defence Force by about 6.30 pm. The asset accounted for 0.9 per cent of total portfolio value and 1.2 per cent of gross revenue as at end-June 2023. It is also insured for physical damage and any loss of business income for 36 months.

$Healthway Med(5NG.SG)$：The closing date for the offer to acquire and delist Healthway Medical has been extended to 5.30pm on Oct 26. As at 6pm on Tuesday (Oct 10), OUE Healthcare and its concert parties had a resultant shareholding of about 65.3 per cent of the total number of Healthway Medical shares. The exit offer price remains at 4.8 cents per share and the offeror – OUEH Investments, the special-purpose vehicle incorporated for the purpose of the exit offer – does not intend to revise it “under any circumstances”.