Daily Archives: June 27, 2014 (33 Articles Found)

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Why supply and demand don’t add up

Sports Hub opens doors to public on Fri

The Sports Hub opened its doors to the public on Fri and thousands of people turned up to get a first peek at the facilities. The public was taken on a tour of the Sports Hub during its…

Ground-freezing to be used for construction of Thomson MRT Line

From a quiet terminus of the NSL, Marina Bay MRT Station has since transformed when its Circle Line station opened in Jan 2012. When the third phase of the Thomson Line opens in 2021, Marina Bay will become…

New Canberra MRT station likely to be near BTO flats

Singapore will soon have a new MRT station on the existing North-South Line. The Canberra station will in between the Yishun and Sembawang stations. Although the exact location of the station has not been revealed, the map shows…

The privilege to learn from the best

I received lukewarm response when I first told my property investor friends that I wanted to set up a neutral property club for the learning and networking of fellow property enthusiasts. But I started Property Club Singapore anyway.…

Reclamation work in Johor affects S’pore too

The report “Mega reclamation project off Johor raises concerns” (Sun) shows that land reclamation is a sensitive issue that affects the territorial rights of one’s immediate neighbours. In 2002, when Singapore reclaimed land in Pulau Tekong and Tuas…

Just how much home buyers are scared of taking up units

Singapore’s residential property market is predicted to be on its toe for a longer time as the moods of buyers became more gloomy. According to OCBC, they saw the URA residential price index fall 1.3% and 0.9% in…

A property agent cheated a client of S$52,800, jumps bail and keeps on stealing

A property agent cheated a client of S$52,800 in 2010 and 2011 and later managed to jump bail. But he came unstuck when his then-girlfriend reported him to the police for stealing money from her. Alvin Khong Kian…

Reits, stapled trusts outperform market in YTD total return

Reits and stapled trusts have averaged a 9.3 per cent year-to-date total return, according to SGX My Gateway report. The 26 Reits and five stapled trusts outperformed the market, which had an average year-to-date total return of 5.98…

Panic selling alert: Mortgagee sales increase 75% in 1H14

Sales in the mortgage market are expected to continue increasing in the next two quarters, unless government curbs on the market are relaxed or removed, according to Colliers Intl deputy MD Grace Ng. 256 properties were put up…

Why Equity Plaza sale might hurt Keppel Land

Keppel Land made headlines yesterday after selling Equity Plaza for $550m. While the sale is positive, analysts warn that the property giant has to be careful with its next moves. According to CIMB, the sale is part of…

Dawson rejuvenated

Queenstown is HDB’s first satellite town with many flats at around 50 years of age. With every new HDB town becoming more modern and better designed, there is a need to ensure that the older towns do not…

CPF scheme an obstacle to home-loan financing

I recently turned 55 and was shocked to find out that my CPF OA and SA had been transferred to the Retirement Account. I am still servicing my HDB housing loan using my OA and now have a…

HDB announces Dawson estate renewal

A total of 31 residential HDB blocks at Tanglin Halt Road and Commonwealth Drive will be redeveloped under the SERS, together with Commonwealth Drive Food Centre, Tanglin Halt Market and about 50 shops and four eating houses in…

New MRT station to be built between Yishun and Sembawang

An additional station will be built between Yishun and Sembawang on the NSL, and it will be known as Canberra station, said Transport Minister Lui Tuck Yew on Fri. LTA will announce details later. He was speaking at…

Three alleged Toa Payoh HDB vandals charged with trespassing Bishan MRT station

Three out of the five teenagers that allegedly sneaked onto the rooftop of a HDB block in Toa Payoh to commit vandalism have been slapped with another charge of illegally entering premises, over an alleged earlier incident. An…

Hong Leong deploys air purifiers, masks as precaution against haze

The Hong Leong Group has outlined the measures its companies will take should the haze hit Singapore and the air quality deteriorates to unhealthy levels. It said it has deployed air purifiers at all 28 Hong Leong Finance…

Cheap diesel sold illegally at ‘white pumps’

As many as 10 companies are selling diesel illegally at “white pumps” around Singapore, a ST investigation has found. Although the law states that only designated kiosks can sell fuel, the firms operate their side businesses with impunity…

Singapore Sports Hub gears up for busy weekend

The Singapore Sports Hub will host a bumper crop of activities this weekend, and arrangements are in place to ensure a smooth experience for visitors. Those hoping to park at the new National Stadium have had to pre-book…

Singapore again named top MICE destination

The Republic was named the top Intl Meeting Country and International Meeting City for 2013 by UIA. Citing the UIA study, Singapore Tourism Board on Fri said Singapore was named Top Intl Meeting Country for the third consecutive…

Rule of law must prevail in reclamation

Two massive reclamation projects on the Malaysian side of the Johor Strait naturally have raised concerns in Singapore. Malaysian Foreign Minister Anifah Aman has responded to Singapore’s concerns, which were reportedly conveyed earlier through diplomatic and political channels…

Cheers to property savings along the NEL

If you like to have a drink or two before you return home after a hard day’s work, Clarke Quay is as good a place as any. It is great for people-watching and there are plenty of bars…

HDB ramps up solar leasing with latest tender

HDB has called for the largest solar-leasing tender to date, under which solar PV panels will be installed on the rooftops of about 500 HDB blocks managed by the Marine Parade, Jurong, Tampines and Sembawang town councils. The…

Three housing sites launched, but developers likely to be cautious

The softening housing market is likely to lead to more moderate bids for three sites launched for sale by tender yesterday under the GLS Programme for the first half of the year, analysts said. Two of the plots…

Osram opened regional base in Toa Payoh

German lighting giant Osram has officially opened a new office here as it seeks to capitalise on what it sees as a bright future ahead for its Asia business. The 40-man office in Toa Payoh, which replaces its…

Why supply and demand don’t add up

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Queueing is said to be one of Singapore’s national pastimes. But, sometimes, a long queue prompts a sharply worded statement from the authorities. Late last month, the Early Childhood Development Agency (ECDA) told childcare operator E-Bridge to “thoroughly…

Police give World Cup street screenings a red card

Since the World Cup kicked off two weeks ago, a small crowd had been gathering outside an empty terrace house in Sing Ave near Little India every night to watch the matches. What started with seven people grew…

68 Holdings has control over 57.73% of shares in HPL

68 Holdings has said that, together with parties acting in concert with it, it now has control over 57.73 per cent of shares in developer Hotel Properties. 68 Holdings is a consortium that includes Singapore tycoon Ong Beng…

Orchard Road getting dirtier

Cleanliness standards in Orchard Road have dropped. Last Sat evening, plastic cups and bottles, wrappers and paper littered the area outside Knightsbridge in Bideford Road. On Mon, vomit remained congealed and dried near the bus stop in front…

Concert visibility issue not addressed

I thank Mr Lim Soon Hua for his reply to my letter, (“Ballrooms are not designed for concerts”; June 18). It is lamentable that Mr Lim did not address the main content and intention of my letter, which…

Are there any positive impacts from the City Gate development as it makes its debut in the Beach Road area?

With the shortage of newer private residential launches, coupled with the ongoing government plans to introduce more vibrancy around the Beach Road area, there has been growing interest among investors who are starting to notice the various development…

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