Daily Briefing: URA heralds Rail Corridor RFP winner; Asia hedge fund by Ex-Alibaba chief tech officer is bearish on China

And Iskandar landed properties prove popular among Singaporeans.

The Urban Redevelopment Authority (URA) on Monday announced the winners for the Rail Corridor Request for Proposal (RFP), with the Concept Master Plan awarded to the design team comprising Japanese firm Nikken Sekkei Ltd and local landscape firm Tierra Design. Themed "Lines of Life", the teams proposal features a robust Concept Master Plan for the Rail Corridor supported by well-thought-out design strategies to create extraordinary community-centric spaces and experiences throughout the length of the Corridor. Read more here.

F&H Fund Management, the asset manager co- founded by the former chief technology officer of Alibaba Group Holding Ltd., is so bearish on stocks in China that it is opening its hedge fund to outside investors.The FengHe Asia Fund is seeking to more than triple assets to $300 million by the end of next year from $80 million currently, said Matt Hu, a former portfolio manager at China Securities Ltd. who started Singapore-based F&H in 2010 with John Wu, the 19th person hired by Jack Ma’s e-commerce company Alibaba. Find out more here.

Landed properties and well-planned business parks in Iskandar Malaysia have proven popular among Singaporeans looking to set up businesses in Johor, reported The Star. They are looking for business parks that are near the highways and townships because setting up shop here is only about one-third of the cost of operating in Singapore, said Johor Real Estate and Housing Developers Association (Rehda) branch chairman Hoe Mee Ling, following the official launch of the second edition of this years Malaysia Property Expo (Mapex). Read more here.

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