Daily Briefing: Newly-launched Sing50 fund for Singapore music draws flak; 12,000 rental flats occupied under Joint Singles Scheme

And Singapore homes 'seriously' unaffordable, but better than other countries.

A recently-launched fund to promote music among the young in Singapore has drawn criticism from some local music players and supporters for its planned purchase of 50 pianos. View more here.

Of the 50,000 rental flats available in Singapore, 12,000 are occupied by tenants under the Joint Singles Scheme (JSS), the Ministry of National Development (MND) said in a written answer to a query in Parliament yesterday. View more here.

Although prices of Singapore properties have fallen in recent months due to the stringent cooling measures by the government, housing here remains seriously unaffordable with a score of 5.0, according to findings of the 11th Annual Demographia International Housing Affordability Survey 2015. View more here.