Morning business news round-up for July 29, 2014

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

1. Singapore resale private home values drop 1 per cent in June from May. This followed a surprise rebound in May, when private home resale values inched up 0.4 per cent from April.

2. Keppel Land invests $86.9m in Manhattan property. The residential and retail property, located on Manhattan's Upper East Side, will be developed by New York developer Macklowe Properties.

3. Raffles Medical Group's Q2 net profit rises 8.1 per cent due to more patients. Revenue grew 6.6 per cent from last year to $92.6 million for the three months ended June 30, the Singapore-listed group said on Tuesday.