Daily Briefing: Social ecommerce startup WEBUY raises multi-million dollar funding; Commercial podium for sale at $62.5m

And a pair of freehold Serangoon Road two-storey shophouses have been put up for sale.

From e27:

Singapore-based social commerce startup WEBUY has secured “multi-million” US dollars in its first round of funding. Investors in the round included Global Founders Capital (GFC), the VC arm of German e-commerce investor Rocket Internet, and a local family fund.

The company said that the money will be used to strengthen WEBUY’s social commerce technology platforms, and to better connect suppliers and consumers to boost its position in Singapore’s social e-commerce space.

The startup, which currently has operations in Singapore and Malaysia, will use a portion of the capital to launch in other markets in Southeast Asia.

Read more here. 

From iCompareLoan:

CBRE has announced the sale of a two-storey commercial podium at The Rise @ Oxley. The sale is by way of Expression of Interest (EOI) which will close on 12 March 2020 at 3pm.

The indicative price for the property is $62.5m, translating to approximately $3,800 per sqft on the strata area.

The property is a 10-storey mixed-use development which comprises the freehold two-storey commercial podium. This is located on the first two levels of the property. 

The commercial podium has a total strata area of 16,459 sqft and a share value of 28% out of the entire development..

Read more here. 

From iCompareLoan:

CBRE launches the sale of a corner pair of freehold two-storey shophouses at 24 and 26 Moonstone Lane by way of Expression of Interest (EOI). Interested parties are invited to submit their offers by 11 March 2020 at 3pm.

Indicative pricing for the Serangoon Road freehold two-storey shophouses pair is $6.6m, which translates to about $944 per sqft on the proposed total gross floor area of 8,632 sqft. 

Located off Serangoon Road, the shophouses pair enjoys prominent frontage of about 11 meters along Moonstone Lane and has an average depth of 25 meters. The property also occupies a total site area of approximately 2,877 sqft has a combined existing built-up area of approximately 4,628 sqft.

Read more here.