Daily Briefing: MAS maintains cautious stance on property market; More foreigners buying homes in Singapore

And here are the best places in Singapore to shop for groceries.

The Monetary Authority of Singapore (MAS) remains cautious on the property market outlook, given that demand-supply dynamics may drag down the market, coupled with rising vacancy rates and softer economic and labour market conditions. Vacancy rates have been rising and reached 8.7 percent last quarter, noted the central bank. Read more here.

Property consultancy firm JLL Singapore’s private residential market attracted even more foreign buyers during the first nine months of this year. Foreigners accounted for 782 transactions, translating to an increase of 11.7 percent from the same period in 2015. Get to know the full story here.

For Singaporeans, household names NTUC Fairprice and Cold Storage are the common go-to for grocery shopping. But there are other places where one can get your groceries at a cheaper price. Click here to find out.