TRANSPORT & LOGISTICS | Staff Reporter, Singapore

Daily Briefing: Singapore-Malaysia rail talks still ongoing; HDB resale prices to remain flat

And here’s the deal on Tigerair’s share price jump.

The plan to have two services one direct service and another with transit stops on the Kuala Lumpur-Singapore high-speed rail (HSR) route remains under discussion as both countries consider the commercial and operating models of the project, including the possibility of two different services, said Singapores Transport Ministry. Read more here.

For the first time in 10 quarters, resale flat prices rose slightly by 0.2 percent in the fourth quarter of 2015, revealed latest data from the HDB. According to property agency PropNex Realty, this comes after a 0.7 percent and 6.2 percent contraction in 2013 and 2014 respectively. Meanwhile, overall prices fell 1.5 percent last year. Find out more here.

Tiger Airways Holdings Ltd. jumped 9.8 percent after its biggest shareholder Singapore Airlines Ltd. raised a buyout offer for stakeholders following a call by a lobby group for Southeast Asia’s largest carrier to sweeten its bid. Tiger Air rose 9.8 percent to S$0.45, matching the revised offer price, as of 9 a.m. in Singapore trading. Singapore Air was unchanged at S$10.99. Read more here.

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