Daily Briefing: Proptech companies gain traction; Home prices extend losing streak

And here's what happens when you file bankruptcy in Singapore.

From The Motley Fool Singapore: A real estate tech platform www.disruptproperty.com had listed 33 property technology companies – termed “proptech” – which are using technology to improve traditional property services. Amongst the areas that proptech is looking at are crowdfunding, property search, video analytics and so forth.

From Bloomberg via Yahoo!: Singapore home prices fell in the quarter ended June, extending the drop in property values to a record 15th quarter as most measures to cool the market remain in place despite a slight easing in March. An index tracking private residential prices fell 0.3 percent in the three months ended June 30 from the previous quarter, according to preliminary data from the Urban Redevelopment Authority released Monday. The almost four-year decline in prices is the longest since the data was first published in 1975.

From Dollars and Sense Singapore: Declaring bankruptcy is not a scenario many people would have considered when you plan your finances. Because few people see it coming, the people who become bankrupts rarely know what they’re subjected to and lose hope or do not know how to get out of it. In Singapore, individuals or creditors can file bankruptcy applications if a person is unable to repay debts of at least $15,000. As of 31 May 2017, there were 18,034 bankrupts in Singapore. In 2016 alone, there were 2,704 bankruptcy applications and a further 1,797 bankruptcy orders.