Daily Briefing: ICA warns of fake website; Rainmaking launches $30m fund to invest in maritime startups

And Queen Astrid Gardens relaunched for en bloc sale for $123.8m.

From ChannelNewsAsia:

The Immigration and Checkpoints Authority (ICA) warned on 25 February of a fake website mimicking its own. ICA also said no data had been compromised.

The fake website (ica-mom.online) looks identical to the official website (www.ica.gov.sg), said ICA.

As of 10:30 am on Thursday, the website was still online.

The authority said that it takes a serious view of such fake websites, as they “undermine public trust” in its systems and processes.

Read more here.

From e27:

Rainmaking, a corporate innovation and venture development firm and the operator of Startupbootcamp, has launched a $30m (US$22m) which aims to accelerate startups solving maritime value chain hurdles.

Named Motion Ventures, the consortium-driven investment fund has also announced the first close, with shipping company Wilhelmsen and logistics enterprise HHLA as anchor investors.

Motion Ventures will target early-stage startups tackling challenges in the maritime value chain from first principles with scalable technologies, such as Artificial Intelligence, Continuous Intelligence, and HyperAutomation.

The fund will offer its portfolio companies the advantage of growing their startups through its venture studio and open innovation platform, both of which facilitate commercial partnerships between startups and Fortune 500 companies.

Startups will also be able to receive access to key maritime firms via their network of corporate investors.

Read more here.

From PropertyGuru:

Queen Astrid Gardens, a four-storey residential development, has been relaunched for collective sale, with the owners expecting offers above the $123.8m reserve price or around $1,989 per sq ft on the land area, revealed exclusive marketing agent Knight Frank Singapore.

Located within the Queen Astrid Park Good Class Bungalow Area, the 999-year leasehold condominium occupies a 5,782.6 sq m (62,243 sq ft) site and was previously put on the market for $126.8m in September last year.

The development comprises 16 residential apartments measuring between 224 sq m and 239 sq m. Nestled on elevated grounds, it enjoys more than 100 metres frontage onto Queen Astrid Gardens.

“Queen Astrid Gardens poses opportunities for potential buyers looking to create a large family estate and leave an enduring legacy. The multiple redevelopment options present an attractive proposition for home-seekers and investors looking for further wealth preservation potential,” said Ian Loh, Head of capital markets for land and building, collective and strata sales, Knight Frank Singapore.

Read more here.

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