Daily Debrief: What Happened Today

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Singapore exploring master leases of up to 60 years for black-and-white bungalow estates

THE Singapore Land Authority (SLA) is studying the feasibility of a longer leasehold period – such as 30 or 60 years – for an entire black-and-white bungalow estate, so that a private developer can become the master-leaseholder, said Second Minister for Law Edwin Tong on Monday (Jul 3).

Singapore private home prices dip 0.4% in Q2; first slide in 3 years

OVERALL prices of private homes in Singapore fell 0.4 per cent in the second quarter of this year over the previous quarter, based on a flash estimate released by the Urban Redevelopment Authority (URA) on Monday (Jul 3).

Crypto service providers not allowed to facilitate lending, staking services on retail clients’ assets: MAS

DIGITAL payment token service providers (DPTSPs), or crypto service providers, will not be allowed to facilitate lending and staking services on their retail customers’ assets, said the Monetary Authority of Singapore (MAS) on Monday (Jul 3).

OCBC expects to add S$3 billion in revenue from its Asean-Greater China strategy by 2025

OCBC expects that a boost to its Asean-Greater China growth plans will add S$3 billion in revenue by 2025, on top of its current growth trajectory.

HDB resale volumes fall to three-year low in Q2; prices rise 1.4%

HOUSING and Development Board (HDB) resale flat volumes declined 4.6 per cent year on year to 6,409 flats in the second quarter of 2023.

Lawrence Wong to replace Tharman as chairman of MAS, GIC committee

DEPUTY Prime Minister Lawrence Wong will replace Tharman Shanmugaratnam as chairman of both the Monetary Authority of Singapore (MAS) and GIC’s Investment Strategies Committee (ISC).

The STI today

Singapore stocks begin second half of 2023 in the black; STI up 0.04%

THE Straits Times Index (STI) rose 0.04 per cent or 1.19 points to 3,207.10 on Monday (Jul 3), amid optimism over US economic data released last Friday.