Daily Briefing: Home sellers suffer $64m worth of losses in Q3; IBM to create blockchain innovation centre in Singapore

And here's how Singapore investors can get exposure to Chinese stocks.

A total of $64 million went down the sink in 3Q16, the second-highest quarterly loss in at least five years, as 247 condo sellers incurred losses. Of this, $47 million came from the high-end segment in the Core Central Region. The biggest loss in CCR in the said quarter amounted to $3.1 million. Check out how the story plays out here.

Bringing Singapore one step closer to becoming Asia’s primary hub for fintech, IBM has unveiled its plans for the creation of Centre for Blockchain Innovation - the first of its kind in the Singapore. The centre is a partnership between the technology giant, the Money Authority of Singapore (MAS), and the Singapore Economic Development Board (SEDB) as the adoption of blockchain in finance and trade is propelled forwards. Know more about the story here.

Latest figures for the month of August revealed that the Chinese economy may be picking up again, with higher industrial output, an increase in household spending and stable fixed-asset investment. Read here to know the ways of getting immediate exposure to Chinese stocks from Singapore.

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