Daily Briefing: Home sales surge to 2-year high; Gov't still watching property market closely

And startup raises $710k.

Singapore home sales rose in July to the highest in two years, driven by new projects. Developers sold 1,594 units last month compared with 375 units in June, according to data released Monday by the Urban Redevelopment Authority. That’s the highest since June 2013, the data showed. Read more here.
The Singapore government is closely monitoring the local housing market which is currently in a correction phase, said Deputy Prime Minister and Finance Minister Tharman Shanmugaratnam and reported by Bloomberg. Find out more here.
Singapore-based Capital Match has raised S$1 million (US$710,000) in a series A funding round, the P2P lending startup announced today. Read more here.

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