Daily Briefing: Rents lower despite more workers; Frasers Hospitality to venture into new cities

And here are 8 travel deals you don’t want to miss.

Singapore's residential rents are falling at a precipitous rate - and the reason could be a sea-change in the make-up of the city-state's expat workers. The drops in Singapore's residential rents has - mistakenly - being attributed to the government turning off the spigot of foreign workers flowing into the country. In fact, the number of foreign workers continues to rise, with the figure, excluding domestic helpers, up more than 22,000 last year, according to data from the Ministry of Manpower. Read more here.

Frasers Hospitality is poised to achieve its global target of operating 30,000 hotel rooms and serviced residences thanks to the anticipated opening of 48 properties across Asia, Europe, the Middle East and Africa in 2019. “Reaching the 30,000 unit growth mark in the next three years not only increases our portfolio by 30 percent, but further anchors the group’s presence in dominant cities worldwide,” said its CEO Choe Peng Sum. Find out more here.

The Great Singapore Sale 2016 is just around the corner starting on 3 June till 14 August, and if you’re constantly on the lookout for cheap travel deals, then this article is absolutely made for you. It pays to have a credit card, and when it’s used right, you’ll realise that saving money with a credit card is not that difficult after all. Read more here.

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