Daily Briefing: Shoebox apartments lend support for Singapore banks; ComfortDelGro rebounds from slump after Uber exit

And here's Temasek's latest investment.

From icompareloan:

Small residential housing size such as shoebox apartments is good for Singapore banks. You may not know it, but having ever smaller housing is almost institutionalised in Singapore’s policies on land, and on the Singapore banking and financial sector.

Ever smaller housing means rising land prices and that means safer asset values for the banks that lend out home loans and hence greater safety for the value of their secured lending for the Singapore’s banking industry.

Read more here. 

From Bloomberg:

In a little over seven months, Singapore’s largest taxi company has reversed course from the city-state’s second-worst performing stock to its best, as competition for passengers eased following Uber Technologies Inc.’s exit from Southeast Asia.

ComfortDelGro has rallied 15 percent this year, making it the best performing stock on the benchmark Straits Times Index, which has fallen 2 percent.

Read more here.

From DealStreet Asia:

Singapore’s state investor Temasek Holdings has led a group of investors that acquired preferred equity interests worth $200 million in US-based clean energy tech developer Cypress Creek Renewables.

Founded in 2014, Cypress originates, develops, and builds solar energy projects in targeted markets across the US. The company is expected to develop and place-in-service over 3.2 gigawatts of solar generating assets by the end of this year.

Read more here.