Daily Briefing: Why cars in Singapore are so expensive; Online shopping hurts Singapore malls

And here’s how Global Logistics Properties makes its money.

From Dollars and Sense via Yahoo!: The new Vehicle Emissions Scheme (VES), which replaces the current Carbon Emissions-based Vehicle Scheme (CEVS) on 1 January, 2018, will be more stringent. Car prices are likely to increase even more. On top of that, there are 5 main factors that would determine the price of a brand-new car in Singapore. They are the Open Market Value (OMV), the Additional Registration Fee (ARF), Excise Duty & GST, Certificate of Entitlement (COE), and local dealers’ margin.

From Money Smart via Yahoo!: Online shopping has been blamed for the struggles of Singapore shopping malls. Well, this is a trend that looks likely to continue for some time to come. A PayPal survey found that 38% of the adults interviewed predicted that they would be spending even more money online in 2017, with 78% of these people citing convenience as a key reason.

From Motley Fool Singapore: In recent months, Global Logistic Properties has been a hot topic in the financial media due to the possibility that it could be acquired. Last Thursday, the company announced that it has received non-binding proposals from several parties and is in discussions with them. Only time will tell if a deal would eventually go through. But whatever happens, investors who are interested in the company today would still need to understand how exactly Global Logistic Properties makes its dough. There are three ways that Global Logistic Properties earns money: Fund management, Development, and Operations.

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