Daily Briefing: CapitaLand awarded for sustainable practices; Retail sector to face more changes

And here's what you should do if you're buying an HDB flat with a non-spouse.

From PropertyGuru:

CapitaLand has once again been listed in the Dow Jones Sustainability World Index (DJSI World) as well as in the Dow Jones Sustainability Asia Pacific Index.

This is the group’s sixth consecutive listing in the world index and ninth consecutive listing in the regional index, making CapitaLand the longest-standing Singapore company to be recognised in the DJSI.

CapitaLand was also named as the Regional Sector Leader of Asia (Diversified) in the 2017 Global Real Estate Sustainability Benchmark (GRESB) Real Estate Assessment for the seventh year running.

Read more here. 

From The Motley Fool:

In its latest annual report, luxury watch retailer Hour Glass Ltd (SGX: AGS) acknowledged the changes in the retail landscape. Chairman Henry Tay added:

'That our management and sales teams have been running twice as hard just to remain in the same place. This pace of activity has become our new normal and our teams have adjusted to this present state of play.'

As the retail landscape evolves, retailers will have to adapt to the changes and the pace in which the changes happen. This statement brings us to the final word.

Read more here. 

From Dollars and Sense via Yahoo!:

For purchase of HDB between people who are not spouses, the type of co-ownership becomes even more important. This is because if the co-owners are spouses, the rules on intestacy protect the surviving spouse’s ownership of the HDB flat. However, with siblings, parents or joint singles, things are not so simple.

Briefly, the flat can be purchased under Joint Tenancy or Tenancy-In-Common forms of co-ownership.

For Joint Tenancy, co-owners are both entitled to the whole property, as if they were a single owner. It has an implicit right to survivorship, so when one party dies, their share of the property is automatically passed on to the surviving parties, irrespective of the existence of any will or “default” rules on intestacy.

Read more here.