Daily Briefing: Property auction sales surge in Q4; Singapore commences trial on 1MDB money-laundering scandal

And here are ways to identify undervalued stocks in Singapore.

Property auction sales in Singapore is gaining momentum in this year's last quarter, with sales reaching $44.02 million even before the end of October. According to JLL Singapore, this surpased the $9.62 million in sales during Q1, $14.81 million in Q2 and $20.53 million in Q3. In fact, it is almost on par with the combined figure of $44.96 million for the previous quarters.The high transaction volume for the three-month period was boosted by the sale of three vacant plots of land within the prime Swiss Club estate for $15.22 million, with the said properties attracting a total of 14 bids. Check out the full story here.

A former private banker went on trial in Singapore in the first prosecution of suspects linked to a massive international money-laundering scandal centred on Malaysian state fund 1MDB. State prosecutors tagged Singaporean 33-year old Yeo Jiwei, an ex-wealth manager at Swiss Bank BSI, as one of the main Singapore-based suspects in the scandal. The scandal is also being investigated in Switzerland and United States. Get to know the latest buzz on the issue here.

How do you find the right stocks in a list of over 700 companies under the Singapore Exchange? The best way to identify these hidden gems will be to first know what kind of stocks you are looking for to fit into your portfolio. Value stocks are one of the three main types of stocks that you can consider. But how do you find good undervalued stocks in Singapore? Click here to find out.

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