Singapore Economy Flash Briefing: Property Market Resilient, Corporate Earnings Mixed, and Global Trade Risks Loom

PropNex forecasts private home prices to rise 3% to 4% in 2026, with developers expected to sell about 9,000 new private homes. Lower mortgage rates and policy changes, such as removing the 15-month wait for private owners buying HDB flats, are supporting the market.

Corporate Earnings Divergence

Olam Group's first-half profit jumped nearly sixfold to $1.91 billion, driven by divestment gains, while **Genting Singapore's profit fell 33.54% to $156.5...