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Knight Frank, SAS to set up committee safeguarding security workers

The Business Times Property managing agent Knight Frank and Security Association Singapore (SAS) have agreed to set up a committee to safeguard the welfare of security workers and foster collaboration among security services and managing agents, the organisations said in a joint statement on Friday (Jun 24). This came after management teams from SAS and Knight Frank met on Wednesday to discuss <a href="/government-economy/knight-frank-recalls-discriminatory-security-officer-job-tender-to-re-issue" target="_blank">discrimination allegations against Knight Frank</a>.

Are property valuations too conservative?

The Business Times A big winner from the sale of the strata-held freehold Tanglin Shopping Centre for S$868 million that was announced early this year is City Developments (CDL), which owns 34.6 per cent of the share value and 60.2 per cent of the strata area of the property.  CDL expects to book a significant gain from this sale of strata units, which the group held for investment since 1981.