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Singapore’s gross gaming revenue could hit US$7b

DBS Vickers Research said:

We expect Singapore’s gross gaming revenue (GGR) to hit an impressive US$6bn in 2011E and US$7bn in 2012F (yet to include potential impact of junkets). While junkets could lead to potential cannibalisation of the direct VIP segment and lower margins due to commissions, these should be mitigated by stronger volume growth and lower receivable provision/ impairment.

Real estate investment sales reach S$28.6m in 2011

Singapore's real estate investment sales hit S$28.6 billion in 2011. This is slightly more than the S$27.9 billion worth of deals concluded in 2010.

This is based on data compiled by property consultancy firm DTZ Research on transactions that are above S$5 million in value. It excludes the S$1.1 billion worth of transactions in single residential units and lots that cannot be redeveloped or subdivided into more than one plot.