Daily Briefing: Singaporeans to spend $44.9b on travel annually in 2025; Nomura warns public against half-truths in property market

And get to know Frasers Property's plans to transform a sheep farm.

Singaporean households are expected to splurge on holiday trips overseas. According to a report by Visa, these households are seen to spend $44.9 billion on travel per year, making the city-state the world’s seventh highest-spending country on overseas travel. Read more here.

Financial services group Nomura has warned the public not to believe the hype about a property pick-up in the city-state. This came as sellers and buyers search for cues whether the market is close to the bottom. URA revealed that private home prices fell 1.5% in Q3, its 12th consecutive quarterly decline. Get to know the story here.

Frasers Property, an Australian unit of Singapore-listed Frasers Centrepoint, has purchased a 115 hectares site in Wyndham Vale for a $470 million mixed-use community. Click here to find out more about this recent purchase.