Daily Archives: March 28, 2014 (11 Articles Found)

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IDA tells telcos to have mobile services at Sports Hub ready by mid-June

Singapore’s telco regulator has directed SingTel, StarHub and M1 to roll out mobile services at the Sports Hub by mid-June when the building would be completed. The move by IDA ends months of speculation that the 35ha facility…

Singapore ranked 60th among 109 major Asia cities for average residents’ cost of living

Singapore ranked 60th among 109 major cities for the average residents’ cost of living on the Asia Competitiveness Institute (ACI) rankings. Singapore’s cost of living for average residents is comparable to major Asian cities, with Hong Kong in…

Private home resale prices drop 0.4% in Feb, dragged down by ‘shoebox’ units

Resale homes in Singapore changed hands at lower prices last month, dragged down by prices of smaller homes known as “shoebox” units. Overall resale prices fell 0.4 per cent in Feb from the preceding month, according to estimates…

CapitaLand bought 60 per cent interest in two Chinese prime residential sites

CapitaLand has bought a 60 per cent interest in two adjacent prime residential sites in the western Chinese city of Chengdu for 752 million yuan (about S$155 million), further strengthening its presence in the world’s most populous country.…

Changi voted World’s Best Airport again

Changi Airport has been voted the World’s Best Airport by air travellers for the second straight year at the Skytrax World Airport Awards 2014. It is the first time Changi Airport clinched the top accolade twice in a…

P&G opens $250m research and development centre in Biopolis

Consumer giant P&G unveiled its new $250 million R&D centre in Singapore on Fri, giving a boost to the country’s efforts to build its consumer businesses sector. SPM Tharman Shanmugaratnam noted that the centre was now the biggest…

More home buyers opt for fixed-rate loans

Interest rates are rising and home buyers are taking cover. One in two home buyers took up fixed-rate loans from DBS Bank this month, up from 30 per cent earlier in the year, the bank said. This is…

More properties up for auction but few sold

The number of properties put up for sale via auction is increasing as more sellers are turning to the auction market when they find it hard to move sales in the secondary market. But selling units in the…

More units in older buildings put up for mortgagee sale

More shop units in older complexes, which are traditionally popular with investors, are being put up as mortgagee sale in 1Q 2014, a recent Colliers Intl report revealed. The quarter saw two units in Golden Mile Complex and…

2-room HDB flats going for $10K

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Despite higher building costs, two-room flats under HDB’s latest BTO exercise are priced from $10,000, their lowest level since 2011 when SHG was introduced. The stunningly low price tag includes $60,000 in government grants, consisting of the $20,000…

Vegetation fire breaks out at Pulau Ubin

A vegetation fire at broke out on Pulau Ubin island at around 1pm today and SCDF is currently rushing to put out the fire. As of 3.52pm, SCDF said that one water jet was still fighting the fire.…

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