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New URA rules for bigger unit sizes may reduce affordability for retirees and millennials: Redas

The Business Times
THE new guidelines on average unit sizes and the maximum number of units allowed in new private flat and condo developments could affect affordability for those looking to downsize and retire, and millennials seeking smaller dwelling units and flexible living, the Real Estate Developers' Association of Singapore (Redas) said in a statement Thursday afternoon.

GIC makes two European investments

The Business Times
SINGAPORE sovereign wealth fund GIC has made two investments in Europe: one is a 465 million-euro (S$741 million) Paris office building, and the other, a significant minority stake in a Denmark-based company for an undisclosed amount.