Daily Debrief: What Happened Today (Aug 17)
Stories you might have missed
33 Sembawang Road's Hong Heng Garden, a freehold apartment complex, has been listed for collective sale at a reserve price of S$130 million. This property is currently facing a dispute as car rental firm Charlotte Vehicle allegedly owes S$140,000 to 34 customers. The amounts owed vary from a few hundred dollars to more than S$39,000, amounting to a total of approximately S$137,000.
In July, developers in Singapore saw an increase in private home sales, with 731 new homes sold, surpassing the 156 units sold in June but falling short by 22.2% compared to the 940 units sold in July of the previous year. The Republic's key exports increased by 24.2% in July, reaching the 20.8% rise seen in June, but did not meet expectations.
GXS Bank introduced a new credit card with unlimited cashback for monthly spends of S$500 or more, aimed at the credit card market in Singapore. Sustained Land, a developer venture, purchased a Thomson Lane plot for S$578 million from an OCBC family entity. The company plans to build a large residential project on this prime location.
Written by urgent.news from The Business Times - Singapore's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
