Daily Briefing: Volume of private resale flats jump to three-year high; SIA fares fall

And here are the best places to start a business.

The number of non-landed private resale flats in Singapore sold last month stood at 689 units - the highest since May 2013 when 726 units were resold. According to the flash figures released by SRX Property yesterday, the 689 units resold in April 2016 was a 17.6% increase compared to the 586 units resold in March 2016. Read more here.

Singapore Airlines Ltd. has sacrificed yields, a measure of average fares paid by customers, to fill more seats amid competition from Middle Eastern carriers including Emirates and Etihad Airways and low-cost airlines such as AirAsia Bhd. According to Malayan Banking Bhd. analyst Mohshin Aziz, Southeast Asia’s biggest airline had no choice but to discount “heavily” to counter rivals’ fare cuts. Find out more here.

One of the factors that companies in Singapore will look at when they want to expand their business overseas is the corporate tax rates of the particular country. While corporate tax rates do play a big a role in the decision making process, other factors like the level of difficulty to obtain construction permits or property registrations, credit availability, access to electricity and the cost of living will also affect the business decision. Read more here.

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