Daily Briefing: SIA to land into a net-debt as soon as 2018; 130 units at Artra sold on first day

And here's what you should really be paying for car insurance.

From Bloomberg via Yahoo!: A record plane-buying spree is poised to land Singapore Airlines Ltd. in an unfamiliar territory. Southeast Asia’s biggest carrier is expected to turn to a net-debt position as early as 2018 -- for the first time in 13 years -- as the company borrows money and sells bonds to meet capital expenditure needs, analysts say. Singapore Air, which has traditionally limited its debt load, would benefit from raising funds more cheaply through borrowings to improve return ratios and valuations, equity research firms including OCBC Investment Research and Crucial Perspective say.

From PropertyGuru: FEC Skyline’s Artra project along Alexandra View sold 130 of the 200 released units (65 percent) on the first day of launch last Saturday (29 April) at an average price of about $1,700 psf. According to Knight Frank, which is jointly marketing the project with Savills and PropNex Realty, 85 two-bedroom and 45 three-bedroom units were taken up. Only two- and three-bedders were launched in the first phase. The 400-unit project comprises a mix of two-, three- and five-bedroom apartments from 786 sq ft to 2,583 sq ft.

From ValuePenguin via Yahoo!: Do you know how much you should be paying to insure your car? Most people in Singapore buy their car insurance at the dealership when they buy their cars. What you may not realise is those policies sold by the dealers can cost hundreds of dollars more than what it would if you were to buy it online.

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