Morning business news round-up for May 28, 2014

Singapore private home resale prices slide further 1% in April. -- PHOTO: ST FILE 
Singapore private home resale prices slide further 1% in April. -- PHOTO: ST FILE 

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

1. Singapore private home resale prices slide further 1% in April. Homes in the suburban region were the worst hit, according to Singapore Residential Price Index estimates out on Wednesday.

2. Orchard Road shop rents "could soften in near future". Rents for prime shops in Orchard Road remained firm in the first quarter this year but they could soften soon, property consultancy Savills said in a report on Wednesday.

3. Tiong Seng unit's JV wins $316m contract for work on Thomson Line. The venture between Tiong Seng Contractors and Dongah Geological Engineering (Singapore branch) has been awarded the contract to build the Great World MRT Station and tunnels for the Thomson Line.