Daily Briefing: Tengah's first batch of Garden District flats to launch in May; Check out how much HSBC's bankers earn

And here’s how marketing firm Shopback plans to contend against Facebook and Google.

From Channel NewsAsia:

Tengah’s first housing project in Garden District, which is the second of five housing districts in the area to be developed, will be launched for sale in the build-to-order (BTO) exercise in May.

Located close to the future Jurong Innovation District, Garden District will have greenery and water features, in line with the nature concept of Tengah.

A key feature is a greenway which will meander through the housing blocks, said the Housing and Development Board (HDB).

The whole Tengah new town, about the size of Bishan town, will provide about 42,000 new homes.

Read more here.

From eFinancial Careers:

Associates as HSBC in Singapore can expect to earn about $232,000 per year, made up of a $192,000 salary and a $40,000 bonus, whilst associate directors can expect a cut of about $243,000 with a $90,000 bonus.

A junior banker wanting to build an investment banking career at HSBC’s Global Banking and Markets division in Singapore, will be pleased to know that annual base salaries for front-office IBD analysts can go as high as $155,000 (although this number is likely to be for third-year analysts rather than those fresh out of university).

A $31,000 bonus takes the total comp to $186,000. That’s slightly higher than the average IBD pay levels at Citi in Singapore.

HSBC awarded US$20.1m in guaranteed bonuses and sign-on payments to 22 people joining its investment bank in 2018, according to its annual report. In 2017 it only paid out $11.4m.

Read more here.

From Tech in Asia:

Affiliate marketing firm Shopback is setting its sights on taking a bite out of Facebook and Google’s market share in the region as it gains cashback app gains traction with more than eight million users and 2,000 merchants.

Clicking on a merchant redirects the user to the appropriate site, and if they make a purchase, Shopback earns a commission and shares it with the user via a cash rebate.

In Southeast Asia, Shopback is ranked the number three publisher in terms of volume and retention, behind Facebook and Google and ahead of Twitter, according to the AppsFlyer Performance Index for 2018.

In just four years, Shopback has gone from launching in Singapore to expanding in markets such as Thailand, the Philippines, Taiwan, and Australia, as well as in Indonesia.

Read more here.

Photo from HDB.

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