Posted: June 28, 2012 in Uncategorized

THE TEMASEK TIMES

Although I am aware that City Harvest is one of the richest churches in Singapore, I am still shocked that it is rich enough to pay $310 million dollars for a stake in Suntec City. Nevertheless, an entity which is able to amass such wealth is certainly worth studying. I was determined to understand the secrets to the church’s wealth.

I apologize upfront if the points raised give offense to loyal followers of City Harvest Church. Please regard this article as a business analysis of the factors that contribute to the wealth of City Harvest Church, not as an insinuation that the Church got rich through questionable means. The fact is that CHC is very rich and this makes for a fascinating academic exercise to examine its sources of wealth. Just treat it as a business case study. I have tried my best to stick to the facts. Please correct me if…

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