Daily Briefing: Effects of regulating Singapore’s taxi-booking apps; 31% of private homes in Q3 sold for less than $1m

And customers fire shots at another Sim Lim retailer.

The Land Transport Authority (LTA) of Singapore announced it would start regulating third-party taxi apps and outlined details on them. All of the five points mentioned by LTA will have unintended consequences on competition, prices, availability, and convenience of the taxi apps. View more here.

Only 777 non-landed units were sold below $1 million in Q3 2014, according to a recent report by DTZ. View more here.

More than 20 complaints have been directed at Sim Lim retailer Ziming Global, after customers griped that their orders were cancelled suddenly within a day after they made a purchase online. View more here.

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