Daily Briefing: SGD skyrockets to record high; Singapore second in the world in green buildings

And are you really making money in property investing?

Haven buying of the Singapore dollar amid global market turmoil has pushed a gauge of its strength to unprecedented levels, putting pressure on the city’s central bank to do more to support the economy. The Monetary Authority of Singapore’s trade-weighted measure of the currency reached a record high after Britain voted to exit the European Union. Read more here.

Paris and Singapore have taken the top two spots in a ranking of global cities for green buildings in a White Paper published by consultancy firm Solidiance, while London is in third place. The report sought to compare the performance of the top 10 global cities with regards to green buildings. Find out more here.

Singaporeans, especially the older folks, love investing in properties. Helped largely by the economic boom our country has enjoyed since independence in 1965, property prices in our island state have soared, much to the delight of many real estate owners. It is not difficult to find people around us whose financial success has revolved around buying a property at the right time. Stories of how people have made lots of money buying condominiums in the past for low prices and selling it today for more than $1 million is impressive. Read more here.