Mon Oct 07 10:30:00 UTC 2024: ## Singapore News Roundup: IPO Market Shows Signs of Life, Serviced Apartment Model Questioned

**Singapore’s IPO market shows signs of revival** as a karaoke chain and interior decoration firm consider listings on the Catalist board. This potential activity comes amidst plans to revitalize Singapore’s equities market.

**The long-stay serviced apartments model is facing scrutiny**, with tepid interest from property groups possibly due to uncertainty over user demand.

**Meanwhile, HDB resale prices continue to rise** despite a decrease in volume. Mature estates saw a 2.3% increase month-on-month, while non-mature estates rose by 1%.

**In other news,** former Minister S Iswaran has accepted a 12-month jail sentence for corruption charges, stating he takes “full responsibility” for his actions and apologizes to all Singaporeans.

**Singapore businesses are also experiencing improved payment performance,** with slow payments reaching a 3-year low in the third quarter, according to a credit bureau survey. This marks the fifth consecutive quarter of improvement.

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