Daily Briefing: UN mediation treaty to be named after Singapore; SingHealth incident could bolster investments in healthcare cybersecurity

And Daintree Residence will launch on 28 July at $1,800 psf.

From Channel News Asia:

The Singapore Convention on Mediation will be signed in August at the Lion City after three years of negotiations in the United Nations.

Negotiations were underway for the United Nations Commission on International Trade Law (UNCITRAL) when the 2017 North American blizzard shut down the United Nations Headquarters, where delegates had been meeting.

"On that day, we resolved a lot of the issues that had been sticking points for many years. We all just came with a spirit of co-operation, so it was very collaborative and people were very open about things,” said Singapore representative for UNCITRAL working group on dispute settlement Sharon Ong. “It’s very special because that day was quite a breakthrough.”

Read more here.

From Bloomberg:

The cyber attack on SingHealth that targetted Prime Minister Lee Hsien Loong could trigger investors to pour more into healthcare cybersecurity.

"Of course, I also knew that the database would be attacked, and there was a risk that one day despite our best efforts it might be compromised," Lee said. "Unfortunately that has now happened."

Billions of dollars is being poured into new companies every year – US$6.4b in the US in 2017, according to CB Insights – to boost digital health. That’s a drop in the ocean compared with the US$8.7t that Deloitte Touche Tohmatsu Ltd. estimates will be spent on health care globally in 2020."

Read more here.

From iCompare Loan:

Daintree Residence in District 21 will launch at a discount rate of $1,800 per sq ft, SP Setia revealed.

Christine Li of Cushman & Wakefield said the pricing of Daintree Residence is “reflective of current pricing norms, set by the strong growth of land prices over the last year”. She added, “but considering that pricing at some suburban launches has already surpassed $1,600 psf, Daintree’s pricing seems reasonable and should receive a warm market response, notwithstanding the recent slew of cooling measures.”

The 99-years leasehold development sits on a tranquil, low-rise enclave with lush greenery and is expected to be one of Singapore’s most luxurious residential condominiums. According to the developer, Daintree Residence will comprise 12 blocks (each 5 storeys high), 327 units in total and a mix of 1 to 4 bedroom unit configuration."

Read more here.