Daily Briefing: Why HDB flats should be your first home; Ultra-prime Orchard site up for sale

And analysts see a potential upside for Starhill Global.

In Singapore, more than 80% of Singaporeans live in HDB flats. Our HDB developments are considered one of the best public housing schemes in the world. And while you see thousands of unsold condominium units around in Singapore today, you hardly ever see any unsold HDB units around your estate. Read more here.

A plum freehold site of 25,741 sq ft in Cuscaden Road, off Orchard Road, has been put up for sale by tender, according to marketing agent JLL. It is being sold by the trustees of the late owner, who are expecting offers of between $160 million and $170 million. Read more here.

Starhill Global REIT's (SGREIT) revenue is likely to increase further, according to a report from DBS Bank. Upside catalysts include the anticipated rent review for Toshin’s lease at Ngee Ann City mall, as the rent from this tenant makes up 19 percent of SGREIT’s top line for FY2016. Read more here.

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