The church stated in an FAQ area on its website that it would generally “use savings accumulated over the years” to finance the purchase of the property.
” To reduce stress on our working money, we may secure an additional payment equal to one week’s costs,” it added.
According to data from the Ministry of Culture, Community and Youth (MCCY), the church’s expenditure was S$ 12,599,746 in 2022 and S$ 14,241,364 in 2023.
The church even stated that it planned to construct a new hall at the blog with about 550 seats in the FAQ section. The Cornerstone Children’s Church could use the products across from the hall, it added.
According to the church, the church is also considering moving its Bugis services to Orchard Towers, which would save it money on rental fees.
When Orchard Towers is fully operational, the cathedral added that it will follow all important safety guidelines.
Core, which according to its webpage has more than 5,000 people, is not the only church in Singapore to had invested in commercial components in recent years.
In 2019, Singapore-listed designer CapitaLand sold The Star Vista for S$ 296 million to Rock Productions, the company shoulder of New Creation Church.
In 2012 , City Harvest Church increased its play in Suntec International Convention and Exhibition Centre to 39. 2 per share, from 20 per share in 2010.
Past OF ORCHARD Buildings
Orchard Towers, which was once plagued by filthy entertainment venues and a dirty standing, has been looking to recreate itself.
The majority of Orchard Towers nightclubs establishments had ; ceased operations as of August 2023 after the authorities stopped granting and renewing their licensing, and they were replaced by family-friendly companies including outfitting stores, pharmacies and restaurant.
In his word on Cornerstone’s site, Pastor Yang said that moving into a home with a “dark history” was something that the religion was comfortable with.
Our church has since purchased six other products, which were originally KTVs, restaurants, and massage parlors, under the name of Music World since 1997, he said.
Being in the center of the community and being situated in commercial areas have come to be a major portion of our Genome as a temple.
The two opposite qualities at Orchard Towers would be the seventh and eighth expansions of this nature. “