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SPH to restructure media business into not-for-profit entity, says move will enable focus on quality journalism


May 06, 2021
Under the restructuring proposal, SPH Media will eventually be transferred to a not-for-profit entity for a nominal sum.
The Straits Times/ Gavin Foo
Singapore Press Holdings (SPH) intends to transfer its media business to a not-for-profit company as part of a strategic review of its various businesses.
Announcing the move on Thursday (May 6), SPH chairman Lee Boon Yang said the transfer will enable the media business to focus on quality journalism and invest in talent and new technology to strengthen its digital capabilities.
The restructuring entails transferring all the media-related businesses including relevant subsidiaries, employees, News Centre and Print Centre along with their respective leaseholds, all related intellectual property and information technology assets to a newly incorporated wholly-owned subsidiary, SPH Media Holdings Pte Ltd ( SPH Media ). ....

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SPH to restructure media business into not-for-profit entity amid falling revenue


SPH to restructure media business into not-for-profit entity amid falling revenue
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SPH to restructure media business into not-for-profit entity amid falling revenue
Singapore Press Holdings (SPH) will transfer its media business into a not-for-profit entity amid the ongoing challenge of falling advertising revenue, the company announced on Thursday (May 6). Nadhir Mokhtar reports.
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SINGAPORE: Singapore Press Holdings (SPH) will transfer its media business into a not-for-profit entity amid the ongoing challenge of falling advertising revenue, the company announced on Thursday (May 6). ....

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2021 ultimate new launch cheat sheet: 116 condominiums take up rate and breakeven


May 02, 2021
Urban Treasures
When we did our last ultimate new launch cheat sheet in February 2020 (view here), I don’t think many people would have predicted then how the property market would have moved as much as it had in the past year.
It was, after all, the beginning of the Covid-19 pandemic (for Singapore, at least). And it was not long after this that Singapore had to go into lockdown mode.
Now, it isn’t just the mass market that is moving, but there is a slew of high-end new launches coming up, and HDB resale prices have climbed up for 4 straight quarters. ....

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Why ABSD for developers needs to be tweaked and how it affects you as a home buyer


March 15, 2021
Stackedhomes
Most home buyers are familiar with the concept of Additional Buyers Stamp Duty (ABSD) as it applies to them. What’s less commonly known is that property developers also have to pay ABSD; and this added tax shapes multiple decisions. From the way developers price their property, right down to development concepts, the ABSD on developers has a significant – yet not directly visible – effect on home buyers. Here’s what you should know about it:
What is ABSD for developers?
The ABSD for developers is a tax applied on the land price. This is 30 per cent of the land price, which is paid upfront. It is applicable on any development that comprises of five or more units (this is virtually every residential development in Singapore). ....

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