Jul wrap-up: Singapore in 5■ FSSTI closed Jul 21 at 3,166.94 pts, up 36.48 pts (1.17%).■ Strong GDP and NODX data. Quarterly property numbers: Office andIndustrial up, Retail down.■ We keep our end-FY21 FSSTI target at 3,488 pts, based on 0.5 s.d. above10-year mean 15.3x P/E.

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