Daily Briefing: 50 projects record poor sales; Public bus sector to get 'restructured'

And MAS warns against foreign property risks.

• Despite the encouraging sales at some new launches, more developers are expected to slash their prices due to poor take-up or zero sales for existing projects, according to HSR International Realtors as reported in the media. Read more here.
• Singapore’s government will contract bus operators to run bus services through a competitive tendering process as part of a restructuring of the public bus sector, the Land Transport Authority (LTA) said on Wednesday. Know more here.
• In 2013, $2 billion worth of overseas properties were transacted by real estate agencies in Singapore, an increase from $1.4 billion in 2012, the Monetary Authority of Singapore (MAS) revealed in a response to media queries. Find out more here.