Daily Archives: 2016-05-06

Singapore authorities investigating second Singaporean involved in 1MDB case

Singapore authorities have begun investigations into the Malaysian state fund 1Malaysia Development Berhad (1MDB), said Singapore’s chief prosecutor Tan Ken Hwee, noting the “complex and layered transactions” uncovered during the probe. In the case of Singaporean Kelvin Ang Wee Keng, who was charged with corrupt transactions, prosecutors in the state courts stated that many shell companies were involved in 1MDB …

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Increase in HDB resale flat volumes while resale prices drop

While the number of Housing and Development Board (HDB) flats resold has increased, prices of these flats have dropped slightly by 0.1 per cent in April from March, according to SRX Property. In a HDB resale flash estimate by SRX Property on 5 May, the fall in prices of flats was mainly due to five-room HDB flats, whose resale prices …

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