Market Snapshot

Singapore stocks opened higher on Tuesday. STI up 0.4%; Nio up 3%; ST Engineering up 1%; ThaiBev down 1%.

Stocks in Focus

Keppel : Its real estate subsidiary Keppel Management, formerly known as Keppel Land, has terminated the US$800 million multicurrency term note programme it established on Jan 7, 2002, with effect from Monday. The unit added that it does not intend to issue further notes under the programme, Keppel said on Monday. The counter closed 0.1 per cent or S$0.01 higher at S$10.26, before the news.

Manulife US Real Estate Investment Trust : (Manulife US Reit): Its indirect subsidiary Hancock S-Reit Sacramento, which held the now-divested property in Sacramento known as Capitol, has been voluntarily wound up and dissolved. The manager said on Tuesday that this does not have a material impact on the Reit’s consolidated net tangible assets or earnings per unit for the financial year ending December 2025. Units of Manulife US Reit closed flat on Monday at US$0.07.

A unit of embattled entertainment group mm2 Asia on Monday (Dec 29) said it has received a payment demand for S$18.9 million, even as the parent company secured protection from creditors earlier this month.

SG Local News

Private home prices projected to rise 3% in 2026

Prices in the housing market are projected to rise steadily in the coming year after a resilient 2025, according to a report by PropNex.

Private home prices will continue to go up in 2026 by 3%, with sales remaining steady as well.

Prospective homeowners are expected to buy 8,000-9,000 units in 2026 whilst the resale market may record between 14,000 and 15,000 in deals.

Singapore’s equity revival gains pace with more IPOs expected

Singapore’s multibillion-dollar push to revive its stock market is starting to show results, with higher trading activity, investors snapping up undervalued shares and a pickup in higher-quality listings this year, market participants said.

The city-state committed $5b to its equity market development programme, with $1.1b and S$2.5b already allocated in two tranches to selected asset managers. Even before the funds were fully deployed, investors had begun paying closer attention to local stocks, said Jason Saw, group head of investment banking at CGS International Holdings Ltd.