Another mega-church in Singapore, New Creation Church has moved quickly to re-assure its followers and the public that the business ventures it has formed are purely to raise money to house its growing 20,000-strong congregation.
The move follows the extensive media coverage and rampant online discussions of the investigations into the alleged misuse of church funds in City Harvest Church.
New Creation attracts the second largest weekend attendance after City Harvest, which draws 33,000 churchgoers.
The Straits Times reports that during an address during the church’s four Sunday services held at Suntec City mall, deacon Jack Ho elaborated on the rationale for the church’s business ventures.
Its first entity, Daystar Child Development Centre, opened at Holland Avenue 15 years ago and was followed by a second centre in Jurong West five years ago. Both are childcare centres set up as a voluntary welfare organisation.
Marine Cove and Rock Productions are another two of the church’s highly-visible business ventures.
New Creation bought Marine Cove, a popular food and lifestyle cluster in East Coast Park, for S$10 million in 2001 and has since seen a positive return on investment.
Rock Productions is the business arm of the mega-church. It was set up in 1998 to manage the church’s Suntec City venue for Sunday worship services, and secular weekend uses. It is now partnering property giant Capitaland to develop a S$1 billion civic, cultural, retail and entertainment complex in Buona Vista.
Shares in Rock Productions are held in trust for the church by four shareholders, who are church leaders. They do not receive directors’ fees, bonuses, dividends or remunerations. Two of its subsidiaries are Rock Gifts and Book Centre and Omega Tours and Travel, which grew out of Mr Prince’s “heart” for Israel, Mr Ho said. It offers church tours to the Bible lands.
Mr Ho said the church can grow its congregation further when it moves to its $1 billion complex in Buona Vista next year.
“It is an investment in a venue,” he stressed, emphasising that the church is not trying to make money or go commercial.
He also revealed that Senior Pastor Joseph Prince has stopped drawing a salary from the church since late last year. He relies instead on book royalties and other sources of income, including sermon CDs which are sold globally. In addition, he has penned books like Destined To Reign.
The 47-year-old pastor also took to the stage in the church’s Sunday service and indirectly defended the income he earns by selling books by saying no one is forced to buy them.
“I don’t put a gun to your head,” he quipped.
He also made an indirect reference to the furore surrounding City Harvest when he said, “Be kind, especially if you’re blogging.”
After all, New Creation preaches a “gospel of grace”, he added.