DAILY NEWS

Daily News – 26 Nov 2021 (Fri)

Singapore Real Estate

New bonus GFA scheme is a carrot that comes with a stick
Developers welcomed a new bonus gross floor area (GFA) incentive scheme aimed at transforming the built environment sector, although the all-or-nothing approach to qualify for the bonus GFA and the costs associated with fulfilling certain criteria were among key concerns flagged by some.
https://www.businesstimes.com.sg/companies-markets/new-bonus-gfa-scheme-is-a-carrot-that-comes-with-a-stick

Mount Pleasant project could show the way to redevelop heritage sites in future
Singapore – Residents of the upcoming Mount Pleasant estate may one day sip coffee on the veranda of a century-old colonial bungalow, stroll in a former parade square where generations of policemen marched, or – if needed – make a police report in a building that first hosted police functions in the late 1920s.
https://www.straitstimes.com/singapore/mount-pleasant-project-could-show-the-way-to-redevelop-heritage-sites-in-future

Companies’ Brief

Frasers Property proposes tie-up with JV partner involving investment, bridging loan
Frasers Property, through its wholly-owned subsidiary Suzhou Sing He Xiang Management Consultancy (SHX), on Thursday (Nov 25) entered into a framework agreement with an unnamed joint-venture (JV) partner and its related entity to participate in a potential investment in land.
https://www.businesstimes.com.sg/companies-markets/frasers-property-proposes-tie-up-with-jv-partner-involving-investment-bridging

Yanlord sells all units in pre-sale of Shanghai residential project, nets 5.08b yuan
Yanlord Land Group said it achieved pre-sales transactions totalling 5.08 billion yuan (S$1.09 billion) from selling out all the units at the launch of apartment units at Yanlord Arcadia in Shanghai. A total of 299 fully-fitted high-rise residential apartments, located in the inner ring of the city’s Yangpu district…
https://www.businesstimes.com.sg/companies-markets/yanlord-sells-all-units-in-pre-sale-of-shanghai-residential-project-nets-508b-yuan

Views, Reviews, Forum & Others

The post-pandemic CEO: leadership capabilities have never been more important
Dubbed as one of the longest years for many businesses, the events of 2020 plunged the global economy into its deepest recession since World War II and organisations were forced to change to survive. Covid-19 has been one of the toughest leadership tests for chief executive officers (CEOs)…
https://www.businesstimes.com.sg/leadership-management/the-post-pandemic-ceo-leadership-capabilities-have-never-been-more-important

Aurum Land CEO tears walls down to build communities
Having worked in academia and later as a management consultant, it was never in Michelle Yong’s plan to join the family business. But when her father, deputy chairman of construction conglomerate Woh Hup, asked her to fill a gap and spearhead the property development subsidiary Aurum Land in 2007…
https://www.businesstimes.com.sg/leadership-management/aurum-land-ceo-tears-walls-down-to-build-communities

Robust IPO activity in South-east Asia boosted by Thailand, Philippines, Indonesia: Deloitte
Capital markets in South-east Asia have recorded robust activity in initial public offerings (IPOs) for the first 10.5 months in 2021, with Thailand, the Philippines and Indonesia contributing to 95 per cent of funds raised.
https://www.businesstimes.com.sg/companies-markets/robust-ipo-activity-in-south-east-asia-boosted-by-thailand-philippines-indonesia

Update on COVID-19 (Coronavirus Disease 2019) Situation

S’pore reports 1,275 new Covid-19 cases and 3 more deaths
Singapore – There were 1,275 new Covid-19 infections reported in Singapore on Thursday (Nov 25), down from 2,079 on Wednesday. The Covid-19 weekly infection growth rate stood at 0.72, down from 0.75 on Wednesday, said the Ministry of Health (MOH) in its daily update.
https://www.straitstimes.com/singapore/health/spore-reports-1275-new-covid-19-cases-weekly-infection-growth-rate-falls-to-072

Singapore can avoid a Europe-style Covid-19 resurgence: Ong Ye Kung
One of the highest vaccination rates in the world and growing natural immunity could protect Singapore from a Covid-19 resurgence like those currently engulfing Europe and the United States, even if another wave hits as expected, Health Minister Ong Ye Kung said.
https://www.businesstimes.com.sg/government-economy/singapore-can-avoid-a-europe-style-covid-19-resurgence-ong-ye-kung

Pandemic preparedness can no longer be defined by static benchmarks, say experts
Singapore – Countries that have been agile and able to scale up their responses to national level, as well as react quickly to the shifting circumstances of the Covid-19 pandemic, have likely fared well thus far. The measure of a nation’s pandemic preparedness can no longer be defined by static benchmarks…
https://www.straitstimes.com/singapore/pandemic-preparedness-can-no-longer-be-defined-by-static-benchmarks-say-experts

Novavax applies for approval to use its Covid-19 vaccine in S’pore
Singapore – A new Covid-19 vaccine could be available in Singapore, with American firm Novavax having applied for interim authorisation by the Health Sciences Authority (HSA). Confirming this, the authority told The Straits Times that Novavax had submitted data in its application via the Pandemic Special Access Route on Nov 22.
https://www.straitstimes.com/singapore/novavax-applies-for-approval-to-use-its-covid-19-vaccine-in-spore

*For more information, please visit the Ministry of Health (MOH) website at www.moh.gov.sg and refer to go.gov.sg/mohupdates for updates on the COVID-19 (Coronavirus Disease 2019) situation