ECONOMY | Staff Reporter, Singapore

Daily Briefing: Jervois Garden sold for $72m; Lazada slams Shopee on e-commerce claims

And here's why you should put some money into the CPF.

From PropertyGuru:

Launched for tender on 29 August, the freehold development had an asking price of about $68 million. Its third attempt at a collective sale, Jervois Gardens features two low-rise blocks of 14 maisonettes as well as three apartments.

Located between the future Great World City MRT station and the Redhill MRT station, the 3,162.3 sq m site has a gross plot ratio of 1.4 and is zoned residential under the 2014 Master Plan.

“We received a total of eight bids for the prime freehold site, a testament to its strong redevelopment potential,” said Tang Wei Leng, managing director at Colliers.

Read more here.

From Tech in Asia:

Sea, one of Southeast Asia’s most valuable internet companies, has released its full IPO prospectus peppered with claims – among them that it’s the top e-commerce player in the region.

The company cited data from a Frost & Sullivan report it commissioned, saying that Shopee, its consumer-to-consumer marketplace, was number one in market share in “Greater Southeast Asia” during the first half of 2017 – in terms of GMV (gross merchandise volume) or the total value of goods sold, and total orders.

It also said that Shopee had about 2.2 times the number of total orders of its closest competitor during the same period, without dropping a name.

Read more here.

From The Motley Fool:

Singaporeans and permanent residents who have a CPF account have the option to top up their account voluntarily. This is done for two reasons. First is to increase your nest egg for the future by setting aside more money for your CPF, which you can access at your retirement. The second reason is to reduce your taxable income.

Unfortunately, many Singaporeans may not be familiar with the pros and cons of this voluntary CPF contribution. In light of this, I have decided to discuss the arguments for and against voluntary topping up of your CPF account.

Read more here.

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