Daily Briefing: Singapore not ready for 'radical' IPOs; Home prices down 0.3% in February

And Singapore shares closed at their highest since August 2015.

From CNBC via Yahoo: Snap's controversial "no vote" shares have spurred a debate over the merits of dual-class stocks, and the Singapore Exchange (SGX) – which is striving to become the first Asian market to allow such a structure – said it would not consider a listing as "radical" as Snap. In an interview with CNBC, SGX's head of capital market development Mohamed Nasser Ismail said the proposed Singapore system calls for some regulatory control and safeguards of investors' rights.

From PropertyGuru via Yahoo: Prices of completed non-landed private homes fell 0.3% in February 2017, compared to the revised 0.1% decline seen in January, revealed flash estimates of the NUS Singapore Residential Price Index (SRPI). Excluding small units, prices in the central region dropped 1%, reversing the 0.5% growth seen in January. The non-central region, on the other hand, saw prices increase 0.3%, an improvement from the 0.6% drop registered in the month before.

From Reuters: Singapore shares rose for a second straight session and closed at their highest since August 2015. Financials accounted for nearly half the gains with DBS Group Holdings climbing 1.4%.

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