Daily Briefing: Temasek leads US$90m funding of Shanghai biotech firm; Singapore's water prices are set to increase by 30% by July 2018

And here are 4 post-independence landmarks targetting en bloc sale.

From MoneySmart:

Singapore's water prices are set to increase by 30% by July 2018. This means that the average HDB household, who spends between $26 to $49 a month on water, will soon be paying $2 to $8 more. MoneySmart discussed the Water Efficiency Labelling Scheme (WELS) to help consumers measure how much water they're using.

"Not all taps, showerheads, toilets and washing machines use water at the same rate. The Water Efficiency Labelling Scheme (WELS) pushes suppliers to rate all products according to how water-efficient they are. This is mandatory for certain products such as taps and dual flush cisterns and voluntary for others.

What’s more, the government is trying to phase out taps and mixers with a water-unfriendly rating of zero ticks. That means that when you’re outfitting your bathroom and kitchen, you should pay attention not just to the price of an appliance or fitting, but also its WELS rating, as a better WELS rating can save you money over time."

Read more here.

From Deal Street Asia:

Temasek led a consortium of global investors that joined the US$90m Series A funding round of Shanghai-based biotech startup JW Therapeutics.

"Others investors who joined the round include YuanMing Capital, Oriza Seed Capital, Yipu Capital, AVICT Global Holdings. Existing investors WuXi AppTec Group and Juno Therapeutics also participated in the round. Founded in 2016, JW Therapeutics is a clinical stage biopharma company founded by two U.S. based firms, Juno Therapeutics and WuXi AppTec Group."

Read more here.

From PropertyGuru:

According to Property Guru, collective sales committees have been formed for post-independence landmarks People’s Park Complex, People’s Park Centre, and Golden Mile Complex. Meanwhile, Golden Mile Tower is in the process of forming one.

"Experts widely recognise three of these structures, namely Golden Mile Complex, Golden Mile Tower and People’s Park Complex, as architecturally and historically significant.

Representing Singapore’s post-independence architectural history, the three were inspired by the Brutalist-architectural movement, the style of which usually features monumental structures that were made of off-form concrete.They were also completed as part of the first Land Sales Programme of the government in 1967 when land parcels were sold with a 99-year leasehold tenure."

Read more here.

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