Most middle-market Singapore firms see 6% or more growth this year: EY
Middle-market firms in Singapore are brimming with optimism this year, with nine in 10 expecting growth in excess of the global average growth rate of 6 per cent, according to the annual EY Growth Barometer released on Wednesday (July 25).
Middle-market firms are those with sizeable annual revenues that fall centrally within the market in which they operate. Thus, they straddle the middle market between smaller companies and the billion-dollar giants.
Singapore ranked fourth for growth expectations in Ernst & Young’s survey of 2,766 middle-market executives across 21 countries, including 103 from Singapore.
Just under two-fifths of the Singapore respondents are aiming for growth of more than 10 per cent for the year, compared with about a quarter of respondents globally. Another 51 per cent of Singapore respondents are targeting growth of 6 per cent to 10 per cent.
For Singapore respondents, the most-cited growth strategies were overseas expansion (30 per cent) and mergers and acquisitions (19 per cent). However, a quarter of respondents also plan to divest part of their business.
(Read more: The Strait Times)
HDB resale prices in June down 0.3% from May, SRX Property data shows
SINGAPORE – Resale prices of Housing Board flats fell 0.3 per cent last month from May, according to flash data released by real estate portal SRX Property on Thursday (July 5).
The data also showed that prices fell by 1.9 per cent from the same month last year, and by 13.3 per cent since the peak in April 2013.
Price declines for mature and non-mature flats were relatively similar, at 0.2 per cent and 0.4 per cent respectively.
According to HDB resale data compiled by SRX Property, 1,988 HDB resale flats were sold in June 2018. This was a 13.4 per cent increase from May’s 1,753 units.