Starcloud, a startup building data centres in space, announced on Friday (21 Aug) that it has raised US$250 million at a US$2.3 billion valuation as it seeks to expand artificial intelligence infrastructure through orbital data centres. Manhattan West led the round, which included new investors Nvidia and Cisco Investments alongside existing backers Benchmark, EQT, Soma and others, the company said. The startup was valued at US$1.1 billion in March, when it raised US$170 million. The latest funding brings Starcloud's total capital raised to US$450 million since its founding in 2024.
CapitaLand Investment and IOI Properties are planning a joint venture to acquire One Raffles Place, one of Singapore’s tallest towers. The complex, valued at about S$2.37 billion, comprises two office towers and a retail mall in the central business district. UOB is expected to retain its current sp
Father-and-son billionaires Raj Kumar and Kishin have reportedly placed a deposit on Scotts Square, a freehold mall in Singapore’s Orchard Road area, with a sale agreement possible by early September. The S$250 million deal would see the duo add the 130,900 sq ft retail podium to their property empi
Tatyana Kim, the former English teacher who co-founded e-commerce platform Wildberries, is now Russia's richest woman with an estimated net worth of US$8.1 billion. The company, launched in 2004 from her Moscow apartment, generated US$9 billion in 2024 revenue and serves more than half of Russia's p
The Ministry of Social and Family Development (MSF) has approved 17 community-led pilot projects under its S$450,000 Partnership to Tackle Homelessness (PATH) fund, 11 of which target tailored support for rough sleepers. One initiative matches single rough sleepers with compatible co-tenants for pub
Billionaire Koh Wee Meng's Fragrance Group has launched the sale of Verdun House, a freehold commercial building in District 8, with an asking price of S$64 million. The 48.8% premium over its 2022 purchase price reflects S$2,669 psf on maximum gross floor area.
Resale flat transactions surged to 2,652 in July 2026, up 24.7 per cent from June. The median price rose 0.8 per cent to S$630,000, though median psf slipped 1.6 per cent to S$595 psf. Million-dollar sales accounted for 7.1 per cent of all transactions.