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COMMERCIAL PROPERTY, HOTELS & TOURISM, HR & EDUCATION | Staff Reporter, Singapore
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Daily Briefing: 9 in 10 Singapore CFOs think they hired the wrong person; More Singaporean tourists lured by Australia's Northern Territory

And five Geylang Road shophouses up for sale at $28m.

From Human Resources Online:

A study by specialised recruiter Robert Half found that 98% of Singaporean chief financial officers (CFOs) admitted that they made a miscalculated hiring decision and 24% of them found this as soon as two weeks.

When met with such hires, 35% of employers laid off the employee, while 33% have developed training programmes to boost skills and partnered with a staffing agency to secure a replacement, respectively.

About one-third (32%) dealt with it by finding an internal vacancy that would better suit the candidate, and 28% adopted a ‘wait and see’ approach to determine if the employee’s performance would improve

Read more here.

From TTG Asia:

Singaporeans have been choosing Australia’s Northern Territory, specifically the likes of Ayers Rock in the Uluru-Kata Tjuta National Park with its national parks and outdoor activities over popular cities such as Sydney and Melbourne.

“A lot of our customers have been to Australia before, and now they’re looking for new things to do. NT has things that the rest of Australia is not offering,” said Holiday Tours’ head of MICE and leisure, Cindy Loo.

Northern Territory (NT) Government’s minister for tourism and culture, Lauren Moss, told TTG Asia: “Numbers have been increasing from Singapore, as well as Greater China and Japan.”

NT saw 29,000 visitors from Asian countries outside Greater China and Japan in 2017, and for the year ending March 2018 received 49 per cent more visitors from China to reach 13,000. This number is projected to reach 30,000 by 2020, said Moss.

Read more here.

From iCompare Loan:

Five adjoining freehold conservation shophouses in Geylang Road have been launched for sale via Expression-of-Interest (EOI) for $28m, Colliers International revealed.

The shophouses sit on a 7,411 sq ft conservation site and have an existing floor area of approximately 21,349 sq ft.

The five adjoining freehold conservation shophouses – all comprising three-storey plus attic – are conveniently situated within 700-metre radius to Kallang and Aljunied MRT stations. Nearby amenities include a myriad of food and beverage outlets, boutique hotels and residential apartments. The property was designated for conservation on 25 October 1991.

Read more here

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