Daily Briefing: Tech roles account for a third of bank vacancies; Republic Plaza relaunched after $96.7m AEI

Keppel Land China buys $95.3m industrial property in Shanghai.

From eFinancialCareers:

Around 30% of current vacancies at Singapore banks are for technology-related functions.

In percentage terms, UOB leads the pack: 40% of its 272 Singapore-based openings are in tech. The bank reported a 1,443 year-on-year rise in its Q2 headcount, mainly driven by tech hiring.

DBS, meanwhile, has a slightly lower percentage (36%) of tech vacancies than UOB does. About 575 of the 1,363 new people that DBS added to its headcount in the year to end-June were what the firm classifies as “insourced” tech professionals – people who previously worked on DBS tech projects at vendors but are now employed by the bank.

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From iCompareLoan:

City Developments Limited (CDL) has relaunched the revamped Republic Plaza (RP), its flagship property in the heart of Raffles Place, following an extensive $96.7m ($70m) Asset Enhancement Initiative (AEI) which started in April 2018.

Whilst RP had previously undergone several enhancements, this is its first major facelift since the building was completed in 1996.

RP’s retail podium expanded by 3,400 sqft of lettable retail space created from the partial conversion of its car parking area. Public area layouts were reworked to make way for pedestrian traffic, and technical specifications were upgraded to cater for a greater variety of F&B offerings.

The plaza now has 24,100 sqft retail enclave across three levels, housing close to 40 F&B and retail outlets offering a variety of local and international cuisines.

Upon arrival, visitors are welcomed by an impressive, eye-catching digital wall which comprises 622 Ultra High Definition (UHD) LED panels

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From DealStreetAsia:

Keppel Land China, the subsidiary of Singapore Exchange Mainboard-listed Keppel Corporation, has fully acquired the equity interests of several wholly-owned subsidiaries of The9 Information Technology (The9) in China for $95.3m (US$69.14m).

The acquisition comes close on the heels of its purchase of a Guangzhou mixed development for $24.9m (US$18.04m) last week.

The9 collectively owns Zhangjiang Micro-electronic Port Block #3 (Zhangjiang Property), a four-storey development with gross floor area (GFA) of 14,518.37 sqm completed property located in Pudong District, Shanghai. The acquisition process will be divided into four phases and is expected to be fully completed by Q4.

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