Daily Briefing: Tribute segment for LKY at SG50 parade; Price gap between freehold and leasehold shrinking

And illegal use of private property on the rise.

 A tribute segment dedicated to the life and accomplishments of founding father Lee Kuan Yew will be added to this year’s National Day Parade on 9 August, Defence Minister Ng Eng Hen announced in a Facebook post on Tuesday. View more here.

Prices of freehold non-landed homes have suffered a sharper drop of more than four percent since Q3 2013 versus the one percent dip for leasehold units, according to media reports citing Cushman & Wakefield's study of URA data. View more here.

The number of private homeowners illegally converting their homes into workers dormitories or renting them out for short-term accommodation has increased during the last three years, said the Urban Redevelopment Authority (URA) and reported in the media. View more here.