Daily Briefing: Viva Industrial Trust takes on $22m loan with UOB; BTO flat supply to gradually taper starting 2017

And here's how millennials in Singapore feel about work and money.

Singapore-listed industrial and business park landlord Viva Industrial Trust has entered into a facility agreement with UOB Limited for a 5-year secured term loan facility of S$22mil. The agreement has been entered into via Perpetual (Asia) Limited, acting in its capacity as trustee of Viva Industrial Trust’s REIT component. Read more here

Fewer BTO flats will be launched next year, but the government will look to shorten waiting times for applicants. The government will gradually taper the supply of Build-To-Order (BTO) flats in 2017, with the HDB launching around 17,000 units, down from the 18,000 units launched this year, revealed National Development Minister Lawrence Wong in a blog post on Wednesday (14 December). Get to know the full story here.

A recent UBS study on top-earning millennials in several countries threw up some surprising results. Over 200 high-earning Singaporean millennials making more than $100,000 a year were surveyed, making them the top 20% of earners in their age group. Click here to get to know three reasons high-earning millennials have more in common with their parents than they might like to admit.

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