TELECOM & INTERNET | Staff Reporter, Singapore

Daily Briefing: Singapore to auction mobile spectrum; 3-D lessons for Asia

And Yio Chu Kang EC site draws 10 bids.

Singapore’s Infocomm Development Authority plans to auction additional mobile spectrum this year as it seeks to lure a new entrant to compete with the city’s three existing providers. The IDA will allocate a total of 235 megahertz of spectrum in two stages, the first only open to pre-qualified bidders that do not currently operate a nationwide mobile network in Singapore, it said in a press statement released Thursday. Read more here.

A rapidly aging workforce, soaring debt and tumbling factory prices. Sound familiar? The same problems that crippled Japan’s economy now threaten the rest of Asia. The so called 3-D challenge -- debt, demographics and disinflation -- is most pronounced in China, Hong Kong, South Korea, Singapore, Taiwan and Thailand, according to Morgan Stanley analysts led by Chetan Ahya, co-head of global economics and chief Asia economist. Find out more here.

The tender for an executive condominium site at Yio Chu Kang Road closed on Thursday (18 Feb), after attracting 10 bids, according to the Housing and Development Board (HDB). Launched for sale on 29 December 2015 under the confirmed list of the second half 2015 Government Land Sales (GLS) Programme, the approximately 198,302 sq ft site has a maximum gross floor area (GFA) of about 555,267 sq ft. Read more here.

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