Daily Briefing: Singapore trumps New Zealand as expat haven; Singapore hedge funds skyrocket
And why local home prices are still uninspiring.
Singapore scored highest in HSBC’s 2016 Expat Explorer survey, taking the top spot for a second year. New Zealand took the crown in the experience subcategory, while Switzerland dominated in economic terms and Sweden won on childcare. Some 27,000 people participated in the annual poll. Read more here.
Singapore-based hedge funds outperformed Asian rivals during the first seven months of the year thanks to a greater focus on India and global markets, according to data provider Eurekahedge Pte. Read more here.
Singapore’s housing market is still weak, with house prices falling 2.94 percent during the year to the second quarter of 2016, revealed a report from Global Property Guide. But demand is now stronger, with 2,256 new units sold in Q2, up 59 percent from the previous quarter and 6.6 percent higher than a year ago, data from the Urban Redevelopment Authority (URA) shows. Read more here.
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