Daily Briefing: New Futura sells 18 units for $3,200 psf; MRT incident mutes confidence in rail operators

And here's what to expect when you invest in oil prices.

From PropertyGuru:

New Futura, City Development Limited’s (CDL) luxury condominium project at Leonie Hill Road, received positive response from buyers, with 18 units sold at an average price of $3,200 psf during its first day of launch on 18 January.

CDL revealed that only 25 units were released during the private viewing, while the units sold comprised two, three and four-bedroom units.

It noted that a third of the buyers were Singaporeans, while two-thirds were Singapore permanent residents and foreigners.

Read more here.

From The Motley Fool:

The International Energy Agency’s (IEA) monthly oil report in mid-Jan 2018 was generally bullish. IEA estimates that global oil demand in 2018 is estimated to be 99.1 mb/d (million barrels per day). Oil demand grew by 1.6mb/d in 2017 but is expected to slowdown by 1.3mb/d in 2018 due to higher oil prices, changing patterns of oil use in China, weakness in Organisation for Economic Co-operation and Development (OECD) demand and the switch to natural gas in many non-OECD countries.

On the supply side, global crude oil markets saw an exceptionally tight 2017 fourth quarter as the large draw in OECD crude stocks coincided with a decline in Chinese implied crude balances.

Read more here.

From Yahoo! News:

Confidence in the government, rail operators and Land Transport Authority (LTA) has remained positive despite two major rail incidents in 2017, said the Public Transport Council (PTC).

In findings released on Thursday (25 January), the PTC said it had conducted a survey involving 11,000 commuters and concluded that commuters’ confidence in public transport operators (PTOs), LTA and the government “was affected after the train collision episode but remained firmly positive”.

Last year, the rail network was hit by two major incidents – the MRT tunnel flood between Bishan and Braddell MRT stations on 7 October and the train collision at Joo Koon MRT on 15 November.

Read more here.

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