Daily Briefing: Singapore’s GIC to invest in Indonesian real estate; Developers benefit from China’s interest rate cuts

And HDB debuts housing project in Tampines North.

Singapore's sovereign wealth fund GIC and Rajawali Group will jointly invest $500 million in Indonesian real estate with a focus on projects in fast-growing Jakarta, both firms said on Tuesday. View more here.

Chinas unexpected interest rate cuts could benefit Singapore developers in China, reported the media. Last Friday, the Peoples Bank of China (PBOC) lowered is benchmark lending rate by 40 base points amid a slowdown in Chinas growth. View more here.

HDB has released 7,568 flats for sale under the November 2014 Build-To-Order (BTO) cum Sale of Balance Flats (SBF) exercise. View more here.

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