The public tender for the sale of the building attracted three bids, the highest of which was by Southernwood Property, a company wholly owned by Ascendas Land.
The site, located near the future Siglap MRT station, can potentially yield about 750 residential units.
For companies looking to gain access to the rest of the region, the city-state can help in connecting and developing businesses in particular industries and niches, says Finance Minister Heng Swee Keat.
Awards were given out to recognise agencies as well as individuals and businesses for their efforts to keep Singapore enterprise-friendly.
The first Singaporean to assume the role, Mr Edmund Koh takes over from Ms Kathryn Shih, who has been named President of UBS Asia Pacific.
With China increasing its engagement with the region, Deputy Prime Minister Teo Chee Hean says Singapore can help improve trade, finance and logistics connectivity in the region.
Since Indian Prime Minister Narendra Modi took office 18 months ago, he has been on a mission to improve the country's economy and make the economic climate more business-friendly.
The exhibition is part of the CRIB (Creating Responsible and Innovative Businesses) Women for Women initiative, and aims to empower the next generation of female entrepreneurs.
The smart chip is small enough to be embedded in most batteries, from those in mobile phones to the huge power packs found in electric vehicles and advanced aeroplanes, says NTU.
TODAY reports: Analysts, however, deem it reasonable given the budget airline’s performance and aviation industry challenges.