Daily Briefing: Singapore’s luxury home prices in a freefall; SIA’s profit more than doubles

And here’s the deal on HDB’s McNair Towers BTO project.

Prices of luxury residential properties in Singapore are still diving, down 7.9 percent in the third quarter of 2015 from the same period last year, according to the latest results of Knight Frank's Prime Global Cities Index. Read more here.

Singapore Airlines (SIA) said Thursday its second quarter net profit more than doubled from last year, but warned about uncertainty due to an economic slowdown in emerging markets led by China. Net profit for the three months to September soared 135 percent to Sg$213.6 million ($152 million), boosted in part by higher dividends from long-term investments, the carrier said in a statement. Find out more here.

The Housing and Development Board (HDB) has terminated the services of the contractor for the McNair Towers Build-To-Order (BTO) project, after the company ran into financial issues. Read more here.