Daily Briefing: More Malaysians, Chinese buying local homes; GrabTaxi bags US$350m funding

And Penang project to woo Singapore buyers.

  • The number of mainland Chinese and Malaysian buyers of private homes in Singapore shot up in the second quarter of this year from Q1, reported The Straits Times citing DTZ Research. Read more here
  • Southeast Asian taxi-booking app GrabTaxi Holdings Pte Ltd said Wednesday it had raised more than $350 million in the firm's biggest ever fundraising to boost its business in the rapidly growing market. Find out more here
  • Malaysian developer Eastern & Oriental Berhad (E&O) is launching its first executive apartments in Penang to Singaporean buyers this month. Read more here
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