Daily Archives: June 24, 2014 (22 Articles Found)

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Defying gravity: Singapore prime office rent prices spike 6.8% in 1Q14

The prices keep going up, and they’re not likely to come down in the near future. Companies looking for office space in the country should get ready to fork out more cash. Singapore’s prime office rental prices spiked…

Zouk and Singapore Flyer: Perfect for each other?

Both are modern Singapore icons whose futures are hanging in the balance. One is facing financial woes and looking for a buyer to turn a good profit; the other is facing the threat of closure when its current…

Home prices to plummet by 20% in 2015

Homebuyers searching for cheaper houses will only need to wait a little longer. A significant drop in home prices is on the horizon, as residential prices are predicted to dip. According to OCBC, demand is mounting for residential…

Hard times, lean deals: Massive crash in private home sales feared in FY14

Private developers are in for difficult news. Even after the stellar take-up of private homes in May, primary private home sales are still expected to dip 33% in 2014, according to OCBC. According to the report, FY14 primary…

The construction work being done along Hampshire Road has led to the grand old trees along it being chopped off. Those trees had been there for ages, yet they were chopped off, just like that. That is unacceptable.…

Fragility of a ‘smart’ nation

Singapore’s move towards a “smart” nation powered by data and technological networks will deliver public value. However, I worry about the downsides of networks. As a city becomes more networked, it grows increasingly fragile. The inherent danger in…

5 failsafe commandments for foreign bank home loan chasers

If you happen to be on the hunt for a home loan from a foreign bank, chances are you’re either financially unacquainted or overtly financially acquainted to make this call. While living in the world’s most expensive city…

SLA frees up three more sites for community use

Three more plots of State land reserved for redevelopment were opened up to the public by the SLA on Tues. The agency said these lands are former schools and educational institutions reserved for redevelopment, but are now opened…

S$10 rebate for Punggol households affected 
by discoloured tap water

Thousands of households in Punggol will receive a S$10 rebate each in their utilities bill for Aug, after discoloured water ran from their taps for two days earlier this month. A total of 348 blocks in the estate…

Make it safer to hang out laundry

There have been too many cases of maids and housewives falling to their deaths while hanging laundry out of HDB kitchen windows. Hanging out laundry is an everyday task in all housing estates, and the risk of falling…

Property investor scores a home run during a crisis has helped canny property investor Vina Ip make a packet

The rare ability to seize the opportunities that emerge during a crisis has helped canny property investor Vina Ip make a packet. When Ms Ip started buying real estate at the end of 2002, the market was in…

Expensive parking at Sports Hub

The introduction of pre-sold parking tickets at the soon-to-be opened Singapore Sports Hub would help to reduce the congestion of vehicles entering the carpark. This system helps motorists attending an event secure a parking space early. But the…

New intl schools offer more options for expats

When Britain’s Dulwich College opens its doors here in a few months, it will already have waiting lists for some classes. Gems World Academy Singapore, also opening this year, has launched more classes for certain grade levels. The…

Soilbuild to construct $38.6 million global distribution centre for Pepperl+Fuchs

Soilbuild Construction has won a $38.6 million contract from German firm Pepperl+Fuchs to construct a global distribution centre in Pioneer Turn. The five-storey centre will be a fully automated high-tech warehouse, logistics and office building. Construction begins this…

Bottle Tree Park reaches end of road

Last-ditch efforts to save Bottle Tree Park in Yishun have come to nought, as the attraction will close by the end of next month. The park, which first opened 10 years ago, will finally close its doors after…

Johor reclamation works begin despite concerns

Two massive reclamation projects are under way in the Johor Strait despite the lack of environmental assessment reports and a move by Singapore asking about the impact of the development. One of the projects is a 2,000ha man-made…

Poor sales slow down luxury home launches

Property developers have been loath to launch new luxury home projects this year as sales remain lacklustre. Only one major luxury project has been rolled out so far this year, property consultancy HSR said in a report yesterday.…

Investment sales slow down this year

Investment sales of real estate are often seen as a gauge of developers and property investors’ confidence in the medium to long-term prospects of the property market. Investment sales of Singapore property – big-ticket deals of at least…

Frasers Hospitality on acquisition spree to grow Europe portfolio

Frasers Hospitality is on a buying spree to grow its portfolio, even as it is injecting six serviced residences into a hospitality Reit to be listed next month. It hopes to set up a private equity fund focused…

The number of properties up for auction by mortgagees (or lenders) as well as their share of the number of properties going under the hammer has hit a quarterly high in Q2. Auctioneers say this reflects the difficulty…

Limited supply is pushing up rents for offices in CBD but looming interest rate rises are deterring investors from buying, said property consultancy JLL. Average CBD rents expanded 4 per cent to $9.96 psf per month in the…

Cheng Hoo Tian relocates out of its four-storey shophouse

Teochew restaurant Cheng Hoo Tian is moving out of its four-storey shophouse location at Keong Saik Road after 18 months and relocating to 50 Bishan Lane. The restaurant, which opened in Jan last year, closed its doors last…

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