Daily Briefing: 50 projects record poor sales; Public bus sector to get 'restructured'

And MAS warns against foreign property risks.

Despite the encouraging sales at some new launches, more developers are expected to slash their prices due to poor take-up or zero sales for existing projects, according to HSR International Realtors as reported in the media. Read more here.
Singapore’s government will contract bus operators to run bus services through a competitive tendering process as part of a restructuring of the public bus sector, the Land Transport Authority (LTA) said on Wednesday. Know more here.
In 2013, $2 billion worth of overseas properties were transacted by real estate agencies in Singapore, an increase from $1.4 billion in 2012, the Monetary Authority of Singapore (MAS) revealed in a response to media queries. Find out more here.

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