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.

Singaporeans are no exceptions when it comes to loving freebies and discounts. Banks in the city-state know this, and they are doing their part to entice more Singaporeans to avail of their latest financial products. Find out how you can get free stuff from banks here.

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