RESIDENTIAL PROPERTY | Staff Reporter, Singapore

Daily Briefing: SGX was warned to restore trading quickly; Why property measure tweaks are bad signs

And why Singaporeans are turning to private-car business.

From Reuters: Singapore's central bank said on Monday it has asked the Singapore Exchange to enhance its recovery processes following an investigation into a trading disruption in July last year. At the time, trading in the securities market was suspended for several hours because duplicate trade confirmation messages were generated. Trading resumed only the next day. That disruption was followed by another in December, when trading for some derivative contracts opened more than two hours after the scheduled start. 

From Yahoo: On 10 March 2017, a press release was jointly issued by Ministry of National Development, Ministry of Finance and the Monetary Authority of Singapore to make adjustments to the Seller’s Stamp Duty (SSD) and Total Debt Servicing Ratio (TDSR) framework, with effect from 11 March 2017. 

From Yahoo: With demand for private-hire car services rising, Singapore’s ride-hailing industry is quickly expanding, with more willing drivers taking the wheel. As we are famous for having one of the highest car prices in the world, naturally, some folks would capitalise on private-hire car driving to realise their dreams of owning a car, because renting obviously incurs much less initial costs than buying one. What about those who already own a car? How does one justify the high costs of car ownership? You use it ever more frequently, of course – beyond your routined house-to-office commute. 

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