SG Morning Highlights | Singapore Airlines Reports 7.4% Increase in Passenger Traffic for October 2024

Advancers / Decliners is 98 / 66, with 68.25M securities worth S$96.23M changing hands.

Analysts anticipate a significant uptick in developer sales in November 2024, driven by a series of large-scale project launches and a favorable economic climate enhanced by recent interest rate cuts. Huttons estimates that total sales for the year could reach between 5,500 and 6,000 units, with a potential 3% increase in prices. November alone is expected to see sales of up to 2,100 units, the highest since March 2013. Notable projects contributing to this surge include Chuan Park, which leads as the best-selling project with 696 units sold, and Emerald of Katong, which drew exceptional interest with over 3,600 cheques collected. Other projects like The Collective at One Sophia and Union Square Residences also reported robust sales during their initial offerings.

As Singapore continues to lead in smart city technologies with the integration of IoT, AI, and 5G, it faces increased cybersecurity challenges. McGallen & Bolden highlight that this rapid tech growth exposes critical infrastructures like water, transportation, and emergency systems to cyber threats. Risks include potential attacks on emergency alert systems and surveillance, which could compromise public safety and national security. Additionally, the proliferation of IoT devices increases the likelihood of breaches that could lead to sensitive data exposure, identity theft, and a loss of public trust in digital systems. To counter these risks, a robust and comprehensive cybersecurity strategy is essential.