SG Digest: CapitaLand launches e-commerce platform; Oxley gets $223m offer for Chevron House

People pass a Capitaland logo outside an office building in the central business district in Singapore. Photo: Reuters

CapitaLand announced that it will be launching an ecommerce platform eCapitaMall, and an online food ordering platform Capita3Eats in Singapore while property developer Oxley Holdings has received a proposal to buy the retail and banking podium of Singapore’s Chevron House for S$315 million ($223 million) from an anonymous suitor.

CapitaLand launches eCapitaMall and Capita3Eats

Singapore-listed real estate firm CapitaLand announced that it will be launching an e-commerce platform eCapitaMall, and an online food ordering platform Capita3Eats, to complement sales of its shopping malls in Singapore.

eCapitaMall is a curated digital mall featuring the merchandise of retailers, the majority of whom also operate in CapitaLand’s Singapore malls.

And, Capita3Eats is Singapore’s first mall-operated food ordering platform that offers consumers three ways to fulfill their food orders – delivery, takeaway or dine-in1.

“In the long term, our vision is to leverage CapitaLand’s extensive network to become an ecosystem provider, offering value-added services that support the needs of our retail partners holistically, both offline and online.”

CapitaLand owns and manages a global portfolio worth over S$131.9 billion as of 31 December 2019.

Oxley announces $223m offer for Chevron House

Property developer Oxley Holdings announced that it has received a proposal to buy the retail and banking podium of Singapore’s Chevron House for S$315 million ($223 million) from an anonymous suitor.

The deal will be made through Oxley’s wholly-owned subsidiary, Oxley Beryl, the entity that owns the prime, 32-storey commercial development. It is scheduled to be completed by June 30, 2020.

Oxley said a refundable deposit of S$3.15 million has been received from the anonymous suitor for the unit.

Oxley is listed on the Main Board of the SGX-ST and has a market capitalisation of approximately S$0.9 billion as of March 2020.

 

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.