Daily Briefing: Home prices plummet 2% from a year ago; Shopping malls overtake casinos as Singapore tourism biggest earner

And here's how you can lower property investment risks.

Singapore's housing prices continue to fall, as it slump 2% in 3Q16. According to Knight Frank, this came as most countries in the world registered strong price growth. In fact, 44 of the 55 countries tracked in the report recorded an increase in prices, with Turkey posting the highest growth. Check this link to know more about the story.

Shopping has overtaken gambling as the biggest earner in Singapore's tourism industry for the first time since 2012, surging 44 percent in the six months through June from a year ago, official data show. It's most likely thanks to first-time Chinese visitors, according to HSBC Holdings Plc, as the nation's travelers continue to fuel growth in Singapore's tourism industry. Read more here.

Long term investors have real estate in their favorites, as buying a property offers the possibility of earning far more than the rate of return available from other asset classes. However, how do you lower risks in such investments? Click here to find out.