Developers sold 484 new private homes in July, up marginally from the 482 units sold in June, according to the Urban Redevelopment Authority.
Sales of telecommunications apparatus and computers and recreational goods saw the biggest month-on-month drop, according to the latest figures from Department of Statistics.
The firm is a leading player in Brazil’s K-12 education market, the sovereign wealth fund said.
Net profit for the three months ended in June came in at S$131.7 million. Meanwhile, group revenue climbed 6 per cent to S$751 million.
Its success in what has been a market traditionally dominated by Apple and Samsung could be the beginning of a global trend that sees homegrown brands from countries like China and India growing increasingly influential.
Japfa's Singapore public offer is about 9.7 times oversubscribed while the international offer is about 5.1 times oversubscribed.
It will also conduct a cost review exercise involving its regional stores. Looking ahead, Courts anticipates the market to remain soft in the short term.
As the Singapore property market remains challenging, CDL says its growth will be focused on new markets and products. It will step up its overseas expansion and it is actively looking into Japan and Australia.
Looking ahead, SingTel expects group revenue to be stable for the current fiscal year, and earnings before interest, taxes, depreciation and amortisation to increase by low single digits.
The Singapore-listed developer bought Heron Plaza, a prime development site in London’s Bishopsgate.