Pastors are rich wealthy people. How to study to become one huh?

[riceberry]

[SIZE=7]Church in S$54.5 million purchase of 19,289 sq ft retail space in Orchard Towers[/SIZE]

Kalpana Rashiwala​

Published Fri, Jan 31, 2025 · 05:00 AM

www.businesstimes.com.sg

ABOUT 19,000 square feet (sq ft) of retail space on the fourth level of the freehold Orchard Towers is being sold for S$54.5 million.

The price works out to S$2,825 per square foot based on a total strata area of 19,289 sq ft.

Under a sale and purchase agreement inked about two weeks ago, the property is being bought by Cornerstone Heritage, whose shareholders include Yang Tuck Yoong and Daphne Yip. The couple are the founders and senior pastors at Cornerstone Community Church. The remaining shareholder, Timothy Chong, is also a pastor at the church.

Based on information on its website, the church has been located in The Odeon Katong, at 11 East Coast Road, since 1997; it owns some space in the building. The church also conducts services at a couple of Golden Village halls at the Bugis+ mall, owned by CapitaLand Integrated Commercial Trust.

In a note on the Cornerstone Community Church website elaborating on the acquisition of the space at Orchard Towers, Pastor Yang said that the church had been seeking additional space for several years to accommodate its expanding community. “Our congregation at Cornerstone Bugis is growing, and many attendees with children would benefit from a Cornerstone location closer to central Singapore,” he added.

 

[WangChuk]

have have .... last time my classmate went to study Bible College after Sec 4 in 1980s ..... now every high class live landed property and few condos collect rent.

 

[Scrooball (clone)]

Just walk around Star Vista…one whole fucking mall owned by the Church. Sibei rich.

https://www.straitstimes.com/singap...-vista-for-300m-to-protect-interest-of-church

SINGAPORE - Mega church New Creation has acquired The Star Vista mall for almost $300 million "to protect the interest of the church", it announced on Wednesday (Nov 20).

While the church previously owned only The Star Performing Arts Centre (PAC) - a space for the church's services that doubles as a concert venue - it now owns the entire building.

The purchase, costing the church $296 million, was secured from CapitaLand after the church got wind that CapitaLand was in talks with other buyers for a potential sale of the mall.

"While we had expressed our hope that CapitaLand would remain as the owner and operator of the retail space, we understood that CapitaLand had also initiated a sale process for The Star Vista," the church said on Wednesday.

Its council chairman, Deacon Yong Chee Ram, said the church did not want the unpredictability of the space going to another buyer, since the PAC also serves as a place of worship for New Creation on service days.

"Given that The Star Vista and The Star PAC are inextricably linked, our immediate objective... is both to protect the interest of the church and to preserve the good experience for all who come to The Star PAC," he said.

New Creation added that in accordance with zoning guidelines, The Star Vista's commercial space will be maintained, and that the church was exploring possibilities for CapitaLand to continue operating and managing the mall on its behalf.

Beginning in a flat in Holland Drive in 1983, the independent church today also has other service venues that include the Marina Bay Sands Ballrooms, Cathay Cineplex Causeway Point and GV Grand (Great World City).

In a separate statement, CapitaLand said the handover is expected to be completed by the end of the year, generating for the company net proceeds of about $145 million.

CapitaLand president Jason Leow said The Star Vista's sale is part of its "asset recycling strategy", giving the company greater financial flexibility to "seize new growth opportunities".

In the past year, CapitaLand has divested close to $5.7 billion worth of assets, exceeding its annual target divestment of $3 billion.

New Creation Church, through its business arm Rock Productions, spent $500 million to build The Star PAC in 2007 in order to accommodate its then fast-expanding congregation.

It boasted 31,000 members in 2016, and made headlines when it raised $21.1 million in a day in 2010, largely through contributions by its members.

 

[k1976]

have have .... last time my classmate went to study Bible College after Sec 4 in 1980s ..... now every high class live landed property and few condos collect rent.

People of God. Sure got Good Blessing from GOD de

 

[True Believer]

Many Christians choose to tithe as a practice of giving, while others believe that giving should be generous and based on individual conviction rather than a fixed % of one's monthly income. Whether or not a Christian chooses to tithe is a matter of personal interpretation and practice. Churches have almost no other means of earning revenue except from the tithing and donations from members of the congregation. A church is "wealthy" only because of the generosity of its members.

 

[Truthspeak]

People of God. Sure got Good Blessing from GOD de

Blessing from the Jews. Religions are part of the system that constantly doing divide and conquer. Their existence serves the agenda, not because what they preached is real aka Israel

For example, things that tell us truth such as Flat earth, Fa Lun Gong and many more will all be banned for a reason because it doesn’t fit in the New World Order narrative.

Whatever new system to be established in a New World Order must be acknowledged and approved by the Jews

 

[GOD IS MY DOG]

[SIZE=7]Church in S$54.5 million purchase of 19,289 sq ft retail space in Orchard Towers[/SIZE]

Kalpana Rashiwala​

Published Fri, Jan 31, 2025 · 05:00 AM

www.businesstimes.com.sg

ABOUT 19,000 square feet (sq ft) of retail space on the fourth level of the freehold Orchard Towers is being sold for S$54.5 million.

The price works out to S$2,825 per square foot based on a total strata area of 19,289 sq ft.

Under a sale and purchase agreement inked about two weeks ago, the property is being bought by Cornerstone Heritage, whose shareholders include Yang Tuck Yoong and Daphne Yip. The couple are the founders and senior pastors at Cornerstone Community Church. The remaining shareholder, Timothy Chong, is also a pastor at the church.

Based on information on its website, the church has been located in The Odeon Katong, at 11 East Coast Road, since 1997; it owns some space in the building. The church also conducts services at a couple of Golden Village halls at the Bugis+ mall, owned by CapitaLand Integrated Commercial Trust.

In a note on the Cornerstone Community Church website elaborating on the acquisition of the space at Orchard Towers, Pastor Yang said that the church had been seeking additional space for several years to accommodate its expanding community. “Our congregation at Cornerstone Bugis is growing, and many attendees with children would benefit from a Cornerstone location closer to central Singapore,” he added.

Karma will get these Mother and Father - Fucking conmen pastors in the end..............will be reborn in Bangladesh or India next life...................not worth lah

 

[glockman]

Selling hope, especially false ones, is a very lucrative business.

 

[Truthspeak]

Karma will get these Mother and Father - Fucking conmen pastors in the end..............will be reborn in Bangladesh or India next life...................not worth lah

There were bigger conmen than them.