Daily Briefing: Singapore millennials look to property for financial security ; HDB unveils Upper Serangoon mixed-use site

And here's how to invest in income stocks.

The latest survey by Manulife found that 68 percent of Singapore millennials plan to purchase property. Despite having the lowest satisfaction with rental yields in Asia, Singapore millennials (those aged between 25 and 34) favour investing in property to achieve financial security, reported the Business Times, citing the Manulife Investor Sentiment Index (Manulife ISI) survey. The survey found that 68 percent of Singapore millennials plan to purchase a property, with two out of five doing so to generate rental income. Read more here.

The Housing and Development Board (HDB) has launched a mixed commercial and residential site at Upper Serangoon Road for sale by public tender under the government land sales programme. The 273,845 sq ft parcel adjacent to Woodleigh MRT station, is part of the development of Bidadari Estate. It was previously scheduled for sale in December 2016 but was deferred to allow the site requirements to be finalised for comprehensive development. Click here to know more.

Many investors who want their funds to generate a steady stream of returns put their money into fixed-income securities, commonly known as bonds. This approach is commonly adopted by retirees or even younger people who are looking to establish an additional revenue stream for themselves. But an individual whose investment focus is income generation has other options too. Stocks of some companies provide regular dividends, giving investors in this category a viable alternative. Investing in a company has other advantages as well. There is the possibility of capital appreciation if market conditions improve or if the company increases its revenues and profitability. Investors could also benefit from higher dividends over a period of time. Read the rest of the story here.

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