Daily Briefing: 3 upcoming precincts to create 18,500 homes; 'Private market' firm raises US$4m
And here's why stock market investors are too impatient.
From PropertyGuru:
Minister for National Development Lawrence Wong has launched an exhibit on Monday (16 October) that showcases some preliminary ideas regarding three upcoming residential precincts that can potentially yield a total of 18,500 houses.
The exhibit entitled “Our Neighbourhoods: A Look into the Future” is being held at The URA Centre Atrium until 20 November 2017.
In particular, Wong said the 34ha Holland Plain in Holland Plain is expected to accommodate around 2,500 private homes, while about 4,000 private houses would be built in the 17ha Kampong Bugis along Kallang Road.
Read more here.
From Tech in Asia:
Singapore’s CapBridge Holdings has raised US$4 million in fresh funding for its online growth capital-raising platform, the company has announced.
The company said the investment came from “seasoned early-stage investors” including Tim Draper. Asian Gateway Investments, a subsidiary of Singapore Exchange (SGX) – which runs the city-state’s bourse – also took part. As a result, SGX will have a 10 percent equity stake in the subsidiary that runs CapBridge’s platform. SGX invested around US$1.5 million in the platform back in 2015.
Read more here.
From The Motley Fool:
In the 1960s, investors had an average holding period for stocks at eight years. You would think that with the spread of information, and a more educated public, the holding period would lengthen as investors realise the benefits of having a long-term approach.
However, a recent article estimated that the average holding period for stock market investors in 2017 was just 22 seconds. Even as investment experts around the world tout the benefits of having a long-term approach, traders and investors are taking the opposite approach of trying to time the market and obtaining a quick buck from each trade.
Read more here.
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