Daily Briefing: South Korea bids on HSR project; CapitaLand to preview Hanoi project

And a Facebook co-founder funds a scrappy Singapore startup.

The Kuala Lumpur-Singapore High Speed Rail (HSR) was first mooted in the late 90s, but the project was shelved due to high costs. Plans for a HSR system were reignited in 2010, with negotiations continuing until 2013 before the project was made official. Read more here.

CapitaLand, one of Asia’s largest developers, is showcasing its latest Hanoi project to Singaporean investors on Sunday (5 June). The company hopes to take advantage of keen interest in Vietnam’s property market, which relaxed foreign ownership laws in July last year. Read more here.

A decade after he got shunted aside at Facebook Inc., Eduardo Saverin’s found another scrappy internet startup he’s proud to put his name behind. The billionaire is reinventing himself as an Asian venture capitalist and thinks he’s found a winner in little-known 99.co, a Singaporean house-hunting service founded by local wunderkind Darius Cheung. Read more here.

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