Daily Briefing: A silver lining for Singapore’s landlords; Noble’s share price slumps to one-month low

And here’s the deal on HDB mega sales.

Prepare for more misery. Or at least that's what City Developments' latest financial results seem to be saying to fellow Singaporean landlords. Yet the group's actions belie both its disappointing earnings and the gloomy note its commentary strikes. Read more here.

Noble Group Ltd. tumbled to a one-month low in Singapore after the commodity trader reported a slump in quarterly profit and investors shunned equities linked to raw materials amid a rout in prices. The shares sank as much as 12 percent to 44 Singapore cents, the lowest level since Oct. 9, and closed at 44.5 cents on Friday. Find out more here.

A bumper supply of about 12,000 new HDB flats will be launched for sale in the second half of this month, revealed the Housing and Development Board (HDB). The mega launch of 7,000 Build-To-Order (BTO) flats and 5,000 balance flats comes after the government announced earlier that HDB would combine the September and November 2015 sales launches. Read more here.

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