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FINANCIAL SERVICES, MARKETS & INVESTING, RESIDENTIAL PROPERTY | Staff Reporter, Singapore
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Daily Briefing: Razer to roll out Visa-issued prepaid cards; Sky Everton condo sold 40% of units in weekend launch

And higher fines for parking violators will kick into effect in July.

From DealStreet Asia:

Gaming hardware manufacturing company Razer has teamed up with financial giant Visa to develop a prepaid card that will allow up to 60 million Razer users to make payments worldwide easily.

In a statement, Razer – which listed on the Hong Kong Exchange in 2017 and was one of the earliest unicorns from Southeast Asia to IPO – said a virtual Visa prepaid solution will be embedded in the Razer Pay e-wallet under the partnership.

Razer Fintech and Visa look to roll out an exclusive Razer-branded Visa prepaid payment solution integrated into Razer Pay via a mini-app. This will enable Razer Pay e-wallet users to make payments wherever Visa is accepted at 54 million merchant locations around the world.

But more than just providing digital payments solutions to Razer’s users, the partnership with Visa also targets Southeast Asia’s large unbanked and underserved population of over 438 million.

Read more here.

From PropertyGuru:

Sky Everton, a 262-unit condominium project at the former site of Asia Gardens, sold 102 units or almost 40% of its total units during its weekend launch at an average price of $2,250 psf. It is located near the Outram Park MRT station and upcoming MRT Cantonment station.

Marketed by ERA, Huttons and PropNex, the freehold project has been pitched for its proximity to the future Greater Southern Waterfront district

Absolute prices for the units start from around $1.14m for a 463 sqft one-bedder, $1.56m for a 624 sqft two-bedder and $2.3m for a 915 sqft three-bedroom unit.

Of the 102 units moved, 92 were sold during the first day of booking, revealed Douglas Ong, executive officer at Sustained Land.

“The units sold were spread across one, two and three-bedders. This is a rare freehold condo launch near the city,” he said.

Read more here.

From Channel News Asia:

Motorists who do not abide by parking rules will face higher fines from July, according to a joint statement from the Housing & Development Board (HDB) and Urban Redevelopment Authority (URA).

For parking their vehicles illegally, motorists will soon face higher fines of $35, $70 and $100 respectively for motorcycles, cars and heavy vehicles from the previous penalties of $25, $50 and $80.

Fines for coupon and digital parking offences will also be raised from $30 and $40 respectively to $40 and $50, said HDB and URA.

Those who exceed their paid parking sessions will also face stiffer penalties which will be increased to a range of $8 to $24 for cars, and $16 to $48 for heavy vehicles.

Those who evade payment of parking charges by tailgating other vehicles or bypassing car park gantries at EPS car parks will also face stiffer fines of $35, $70 and $100 for motorcycles, cars and heavy vehicles respectively. 

Read more here

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