Daily Briefing: Prime retail rents dip 0.2% to $31.20 psf in Q3; Two Singapore bankers charged with forgery

And check out five condos with psf prices not exceeding $1000.

With the weaker retail spending amidst the softened global and local economy, more tenants are looking to downsize and consolidate their businesses. According to Knight Frank’s latest Singapore retail bulletin in 3Q2016, average monthly island-wide retail rents slipped 0.2% QoQ to $31.20 psf in 3Q2016. Click here to find out more.

Two former private bankers who are involved in the Malaysian state fund 1MDB fiasco were charged with forgery and failing to report suspicious transactions. Yak Yew Chee and Yvonne Seah were each hit with seven charges, three for forgery and four for failing to report suspicious transactions, court documents showed. Know more about the story here.

Some Singaporeans would never have imagined that HDB flats would transact at close to or even beyond the million-dollar mark. However, reasonably-priced condos do exist. Click here to find condos from 99-year leasehold properties with a psf price not exceeding $1000.