Singapore shares were set to decline for the second consecutive day after prices ended 0.76% lower on Thursday as concerns of a rise of US interest rates triggered selling. The blue-chip STI fell 23.55 points after an overnight decline in US stocks.
Also, in some real estate shares news:
Mapletree Industrial Trust (MIT) is set to develop a $250 million1 build-to-suit facility at its existing Telok Blangah Cluster for Hewlett-Packard Singapore (Private) Limited.
Ascott Residence Trust (Ascott REIT) has acquired a rental housing property in Fukuoka for JPY6.3 billion ($78.4 million1). The property acquired has an EBITDA yield of 6.6%. This is set to increase FY 2013 distribution per unit by 2.1% from 8.40 cents to 8.58 cents. Ascott REIT has acquired the 389-unit Infini Garden from The Ascott Limited and ArcResidential Japan Investments Limited.
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