Morning business news round-up for May 12, 2014

SINGAPORE - Catch up on the morning's top business headlines in Singapore with The Straits Times Money Desk's daily update.

1. Resale deals of non-landed private homes jump as prices fall. The number of such transactions jumped to a six-month high of 476 in April, on the back of prices slipping by 1.7 per cent to their lowest since December 2012.

2. Singapore to release detailed Q1 GDP data on May 20. Expectations for an upward revision to the first-quarter GDP data have grown after data showed that industrial output rose 12.1 per cent in March from a year earlier, about double the pace that had been expected by economists.

3. Frasers Centrepoint takes step closer to listing its hospitality Reit. The group said on Monday it will convene an extraordinary general meeting on May 28 to seek approval from its shareholders to inject its hospitality properties into Frasers Hospitality Trust (FHT).