BLOOMBERG The longest losing streak in Singapore residential prices in 17 years may prompt the government to take its foot off the brakes and relax some property curbs this year, the city-state’s second-biggest developer said. Kwek Leng Beng, the billionaire executive chairman of City Developments Ltd., which built luxury condominiums such as the St. Regis Residences near the Orchard Road ...

Atlanta / Bloomberg Hilton Worldwide Holdings Inc. said it will spin off its lodging properties and timeshare business into separate publicly traded companies in a bid to boost shareholder value as the world’s largest hotel operator faces increased competition. About 70 of the company’s 146 owned and leased properties — mainly the U.S. hotels — will be spun off into ...

Canberra / Bloomberg The cost of insuring the debt of Australia’s largest banks surged by the most in four years after a report by research firm Variant Perception fueled speculation about risks in the nation’s housing market. The average cost of credit default swaps for the four biggest Australian lenders surged by 18.6 basis points, the largest one-day increase since ...