Daily Briefing: Supply glut causes office rents to nosedive; Saka closes credit hedge fund

And here's how to get free stuff from Singapore banks.

The office property market in Singapore has been facing a downtrend in rents as it recorded its fifth consecutive quarterly dip this year. More buildings are becoming increasingly vacant as rents weaken. A research by Savills Singapore revealed that vacancy rate for Grade A office space grew 1.1% in 2015. Know more about the story here.

Singapore-based asset manager is shutting down its credit hedge fund as record-low interest rates put a damper on returns. It is liquidating the SakaCapital Liquid Credit Fund and returning money to investors. The hedge fund's assets peaked at $350 million in 2012, and has stopped trading just last July. Read more here.

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