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Mar 7, 2010
Church to co-own Suntec
By Esther Teo
Amid cheers from the congregation, City Harvest Church (CHC) yesterday announced that it will pay $310 million to become a co-owner of Suntec Singapore, a prime piece of downtown real estate. --PHOTO: NP
Amid cheers from the congregation, City Harvest Church (CHC) yesterday announced that it will pay $310 million to become a co-owner of Suntec Singapore, a prime piece of downtown real estate.
Senior pastor Kong Hee broke the news first at CHC's service at its Jurong West building, then later at another service at the Singapore Expo in Changi.
He said CHC had acquired a 'substantial stake in a consortium company that owns 80 per cent of a joint venture fund that owns Suntec Singapore'.
The complex's full name is Suntec Singapore International Convention and Exhibition Centre.
The $310 million includes the cost of acquiring shares in the consortium, rental costs, renovation costs and others.
Suntec Singapore was acquired by ARA Asset Management through the ARA Harmony Fund last year, with its investors comprising Suntec Reit - which holds 20 per cent - and a consortium company which holds 80 per cent.
Read the full story in The Sunday Times.
to begin with, was JESUS CHRIST a rich founder of CHRISTIANITY? he was born in a mangle, set all who heard his gospel free, washed the feet of his disciples, lived righteously and humbly. was CHRIST ever a rich man to begin with?
JUDAS ISCARIOT - one of the disciple was temporary a "rich man" when he betrayed CHRIST for some gold coins. in the end, he hung himself.
SATAN's temptation to all man: GIVE ME YOUR SOUL FOR THE RICHES AND WEALTH OF THE WORLD.
did CHC sell GOD'S WORD to enrich themselves?
Church to co-own Suntec
By Esther Teo
Amid cheers from the congregation, City Harvest Church (CHC) yesterday announced that it will pay $310 million to become a co-owner of Suntec Singapore, a prime piece of downtown real estate. --PHOTO: NP
Amid cheers from the congregation, City Harvest Church (CHC) yesterday announced that it will pay $310 million to become a co-owner of Suntec Singapore, a prime piece of downtown real estate.
Senior pastor Kong Hee broke the news first at CHC's service at its Jurong West building, then later at another service at the Singapore Expo in Changi.
He said CHC had acquired a 'substantial stake in a consortium company that owns 80 per cent of a joint venture fund that owns Suntec Singapore'.
The complex's full name is Suntec Singapore International Convention and Exhibition Centre.
The $310 million includes the cost of acquiring shares in the consortium, rental costs, renovation costs and others.
Suntec Singapore was acquired by ARA Asset Management through the ARA Harmony Fund last year, with its investors comprising Suntec Reit - which holds 20 per cent - and a consortium company which holds 80 per cent.
Read the full story in The Sunday Times.
to begin with, was JESUS CHRIST a rich founder of CHRISTIANITY? he was born in a mangle, set all who heard his gospel free, washed the feet of his disciples, lived righteously and humbly. was CHRIST ever a rich man to begin with?
JUDAS ISCARIOT - one of the disciple was temporary a "rich man" when he betrayed CHRIST for some gold coins. in the end, he hung himself.
SATAN's temptation to all man: GIVE ME YOUR SOUL FOR THE RICHES AND WEALTH OF THE WORLD.
did CHC sell GOD'S WORD to enrich themselves?
