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Daily Debrief: What Happened Today

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It is zoned ‚Äúresidential/institution‚ÄĚ with a plot ratio of 2.8, with the terrace houses sitting on a land plot of about 37,131 sq ft, with a baseline gross floor area (GFA) of around 77,071 sq ft.


Residential site at Guillemard Road/Jalan Molek up for sale by tender at indicative price of S$99m
A 9,999-year leasehold residential site in Guillemard Road/Jalan Molek has been put up for sale by a single, unnamed owner at an indicative price of S$99 million.

COEs tumble in post-Chinese New Year slumber
Certificates of entitlement (COEs) finished lower on Wednesday (Feb 21) at the first tender in the Year of the Dog on the back of a shorter work week.

Pomex Court in Joo Chiat up for en bloc sale with S$37m minimum price
POMEX Court in 50 Lorong 101 Changi Road is set to be put up for collective sale, with a minimum price of S$37 million or S$998 per square foot per plot ratio.

Market voices on:

UOB's discretionary portfolio management AUM tripled in 2017
UNITED Overseas Bank Limited (UOB) announced on Wednesday its discretionary portfolio management (DPM) assets under management (AUM) for its private banking clients in 2017 has tripled, bringing the bank's total wealth management AUM to S$104 billion.

Broadcom CEO Tan Hock Eng paid US$103m last year before Qualcomm bid
PENANG-born Broadcom chief executive officer Tan Hock Eng received US$103.2 million in reported compensation last year, his biggest-ever pay package, as the computer-chip maker prepares to make the largest acquisition in the history of technology.

Innopac still owed S$2.41m from 2016, evaluating restructuring options
INNOPAC Holdings responded late Tuesday night to queries by the Singapore Exchange (SGX) that the group is continuing to evaluate several restructuring options to improve its financial position amid uncertainty over investment outlays for a gold project and a significant portion of trade receivables that are older than three years.

Former City Harvest church leader Chew Eng Han arrested at sea while trying to flee Singapore
FORMER City Harvest Church (CHC) fund manager Chew Eng Han, convicted of misusing church funds, was nabbed at sea on Wednesday morning (Feb 21) trying to leave Singapore by boat.

Corporate Earnings

The STI today

STI rises 1%, closing above 3,500 points again 
IN a day where Hong Kong and Taiwan markets rebounded, Singapore's benchmark Straits Times Index (STI) easily regained its 3,500-point perch, less than three weeks after dropping below that level in an earlier correction.



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