Daily Briefing: Another Singapore banker jailed in Malaysian 1MDB deal; New home sales down 31% in November

And here's why location is important for property investment in Singapore.

A Singapore court sentenced a second private banker to prison as part of the ongoing investigation into the alleged multibillion dollar misappropriations at Malaysian state fund 1MDB. Forty-five-year old Yvonne Seah pleaded guilty in court for two charges of forgery and failing to report suspicious transactions. Get to know the full story here.

Property developers in Singapore sold 860 units in November, down 31.4% from the 1,253 units in the previous month. Including executive condominiums (ECs), developers sold 1,110 private homes, down from the 1,542 units sold in October. Read full story here.

It is crucial to select a property that has the potential to maximise returns when investive in real estate. An uninformed investor may opt for the least expensive property available under the mistaken assumption that it has the greatest scope for price appreciation. But that is not the way the property market works.More often than not, expensive properties in upmarket locations are likely to see a greater increase in prices when the market picks up momentum. Read more here.