RESIDENTIAL PROPERTY | Staff Reporter, Singapore

Daily Briefing: Singapore home sales surge despite low foreign demand; GIC invests $1.9b in JV with Indian developer

And here's how to reduce three of the biggest business trip pains.

From Bloomberg via Yahoo!


Stringent stamp duties levied by the government have had the intended effect of damping speculative foreign demand, with foreign buyers accounting for just 6 percent of purchases in the first half, data from Cushman & Wakefield show. That compares with 9 percent as recently as 2013, when mortgage rules were tightened.

Developers sold 7,147 private homes in the first seven months of the year, 50 percent higher than in the same period a year earlier. So who’s buying all these homes? It’s local Singaporeans.

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From ValuePenguin via Yahoo!:

According to the Global Business Travel Association, getting through security at the airport is the most painful process for business travelers, regardless of country. While some may advise you to fly during non-peak times like early morning or late at night, this is not a luxury that most business travelers can afford: when it comes to a work trip, it's much more important to find the right departure and arrival times than to get through airport security quickly by flying at ridiculous hours.

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From The Edge Property via Yahoo!:

On Aug 27, Singapore’s sovereign wealth fund GIC announced its US$1.4 billion (S$1.9 billion) investment in a joint venture with DLF Ltd, one of India’s leading real estate developer, in a portfolio of rental assets. The portfolio, comprising office and retail assets across India, will come under the consolidated portfolio of DLF Cyber City Developers Ltd. (DCCDL), a subsidiary of DLF.

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