Singapore shares closed higher on Thursday, tracking regional gains as investors continued to expect the US Federal Reserve to cut interest rates.

The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 4,342.30 and 4,367.51 throughout the day. It ended the session at 4,355.82, up 9.36 points or 0.22% compared to Wednesday's close.

Yanlord Land up 4.8%; UOL up 4%; Frasers Property, JMH USD up nearly 3%; CMS, HPH Trust, Cneturion up over 2%; ST Engineering, CityDev up over 1%.

In economic news, The Inland Revenue Authority of Singapore (Iras) collected around SG$88.9 billion in tax revenue during the fiscal year ended March 31.

Meanwhile, The cut-off yield on Singapore's latest six-month treasury bill or T-bill, dropped to 1.38%, according to auction results released by the Monetary Authority of Singapore.

In company news, shares of Sing Holdings were up nearly 6% at the close as its subsidiary, Sing Holdings Residential, and Sunway Developments, through a joint venture, Chuan Grove Pte. Ltd., were awarded a second land parcel at Chuan Grove by the Urban Redevelopment Authority of Singapore.

Centurion was up over 2% after it lodged a preliminary prospectus of Centurion Accommodation REIT with the Monetary Authority of Singapore.

Meanwhile, Salt Investments received a listing and quotation notice from the Singapore Exchange Securities Trading for up to 3.2 billion shares in the company's capital.