Daily Briefing: SPH to slash 10% of its staffing; Property buyers sees prices to fall in a year

And here's what you need to consider before buying an insurance.

Singapore Press Holdings announced that it would be letting go of up to 10% of its staff after its profits plunged at the end of its FY16. The group said the cuts would happen through "attrition, retirement, nonrenewal of contracts, outplacement and retrenchment" over a two-year period. Read more of the story here.

Property buyers in the city-state are expecting to see prices slump in the next 12 months, according to the latest study by the iProperty Group. Around 46% of the buyers said they would be waiting for property prices to fall before committing a purchase. The other highly cited reasons were a lack of funds and the inability to get financing. Get to know more about the study by clicking here.

Singaporeans are big believers of buying their own insurance despite most of them being already covered with the government's CPF Life scheme. In a report, consumers hold more than 13.1 million life insurance policies and insurance accounts for 9.3% of households' net worth. Click here to know why Singaporeans need to buy an insurance.