Daily Briefing: Are property cooling measures to be thankful for?; 5 reasons why going digital is one of DBS' key priorities

And here's what happens to your money after you sell your flat.

From Propwise.sg via Yahoo!: Singapore’s Second Minister for Finance Lawrence Wong said in a Bloomberg TV interview that the government hasn’t “made any movement in the budget” to relax the property cooling measures because “demand remains very resilient” and “property volume in terms of transactions have increased and not decreased.” Singapore private property prices have fallen only 3% in 2016 and a total of 11.2% from the last peak in the third quarter of 2013, after a surge of 92% since the bottom of 2003.

From Motley Fool Singapore: In early 2016, DBS Group launched its mobile-only digibank in India. By the end of the year’s fourth quarter, the bank reported that it had signed up 800,000 customers and was on track to eclipse the one million mark by the end of its first year of operations.

From Dollars and Sense Singapore via Yahoo!: Everyone in Singapore should fully understand what really happens to our money once we have sold our HDB flat, private condominium, or landed property in Singapore. This is so we can prudently use the money we have for financial planning purposes – investing, buying another property, even starting a business, or promising to pay for your children’s education. Often, people receive less in cash than they had expected for various reasons. If they commit to using the bulk of that money for other purchases or investments, they may be in for a rude shock after seeing the cash balance in their bank accounts.