Daily Briefing: Overall private home prices down first time since 2008; Block 71 set to house 750 startups by 2017

And GrabTaxi Singapore launches $2.8M fund for driver welfare.

• Private property prices in Singapore fell by 4.0 percent in 2014 compared to an increase of 1.1 percent in 2013, according to more complete data released by the Urban Redevelopment Authority (URA) on Friday. Read more here. 
• The JTC LaunchPad @ one-north, the official name for a well-known Singapore startup complex, will be expanding again. Affectionately called Block 71 by tenants, it will house about 750 startups by 2017, up from 500 now and 250 when it first began in 2011. Find out more here. 
• GrabTaxi Singapore announced today the launch of its Provident Fund (GPF), a S$3.5 million (US$2.79 million) welfare fund set up for taxi drivers who are active and have maintained high service standards. Read more here.