ECONOMY | Staff Reporter, Singapore

Daily Briefing: Lian Beng poised to benefit from housing recovery; Three REITs to pay dividends this week

And here's what you need to set up a resto in Singapore.

From via Yahoo! Finance:

You should set up a company to own the restaurant. This will make life easier for you later, particularly when it comes to hiring staff and paying tax, not to mention limiting your own liability in the event that the restaurant proves to be an unsuccessful venture.

There are a number of corporate vehicles which you could set up your restaurant as. However for most restaurants, a simple private limited company could be ideal.

The application to incorporate a company can be made online on the BizFile+ website of the Accounting and Corporate Regulatory Authority (ACRA) for about $300.

Read more here.

From PropertyGuru:

Singapore-listed construction company Lian Beng Group has positioned itself to take advantage of the recovering private housing market.

According to a report published by CIMB Research on Thursday (18 January), the firm has amassed 1.9 million sq ft of residential landbank here. These include a 20 percent stake each in the redevelopment of two en bloc sites, namely Rio Casa and Serangoon Ville.

Moreover, Lian Beng is expected see greater contributions from its property development arm if prices of private residential properties in the city-state rise significantly.

Read more here.

From The Motley Fool:

On Tuesday, ESR-REIT (SGX: J91U), which was formerly known as Cambridge Industrial Trust, will be going ex-dividend. The REIT has 48 industrial properties located all over Singapore in its portfolio.

ESR-REIT is paying 0.929 Singapore cents per unit for the fourth quarter.

Read more here.

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