Daily Archives: July 1, 2014 (33 Articles Found)

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Breezier Lau Pa Sat sees brisk business

Changi Airport posts T4 sneak peek

As part of a series of “#breaking” tweets in commemoration of its 33rd anniversary, Changi Airport posted a video giving a sneak peek of parts of T4, which is set to be completed in 2017. Dubbing it “a…

Resale flat prices drop 1.3 per cent in second quarter

Property prices have continued its decline in the second quarter of this year going by official estimates. Resale flat prices dipped for the fourth consecutive quarter according to flash figures released by HDB on Tues. The resale price…

Government cooling measures failed to deter property buyers at recent sales

Stringent property cooling measures are not keeping property buyers off the market. Even as prices fell islandwide in 2Q14, recent sales nonetheless provided a level of support for struggling developers. According to Colliers Intl, developers are now pricing…

High-end CCR property prices continue steep drop in Q2

More property buyers are fleeing from expensive properties in the CCR. Data released by URA today revealed a steep price decline in the CCR for 2Q14, with more decreases expected in the latter half of the year. According…

Bigger flats remain an elusive dream for many homebuyers, and some Singaporeans will simply have to make do with small houses. According to PropNex, even though HDB resale prices entered its third consecutive quarter of decline in 2Q14,…

Ivan Lim Ming Rean quits as Keppel REIT Management CFO

Keppel REIT Management announced the resignation of Ivan Lim Ming Rean as CFO effective 23 July 2014. He stepped down due to family commitments. Mr Lim, 38, was responsible for the company’s financial functions such as accounting, capital…

ARA Trust Management (Suntec) announced the appointment of Low Poh Choo as senior director for finance. Ms Low, 49, will head the finance team and assist the CEO on all accounting, finance, treasury and capital management functions for…

Residents want the enhanced police power in Little India to continue

Many in Little India say since the area was marked a Special Zone, there have been fewer incidents of public disorder. MP for Moulmein-Kallang GRC Denise Phua says the recommendations from the COI into the Little India riot…

Private home prices fall in Q2, but pace slows

Private home prices in Singapore fell for a third consecutive quarter in the longest losing streak in five years as cooling measures and mortgage restrictions continued to slow the market, but the rate of decline moderated, suggesting the…

Is paying just 5 times your annual income for a property realistic?

In a recent blog post, guest contributor Property Soul shared her rules on buying a property you can afford, what she called the “3-3-5 rule”. In a nutshell, one of the “3-3-5 rule” states that, ‘The purchase price…

Singapore home prices post longest losing streak in 5 years

Singapore’s home prices slid for a third consecutive quarter, the longest losing streak in five years, as tighter mortgage measures cooled demand in Asia’s second-most expensive housing market. Declines may deepen as the government extends a campaign to…

S’pore buyers eye smaller London units

Singapore buyers are still keen on London property but they are focusing more on smaller and cheaper units these days. CBRE found that 62 per cent of London property sales from Singapore in the first five months of…

Knocking on the doors of Joo Chiat’s Peranakan shophouses

It is impossible to miss the multi-coloured double-storey terrace houses with traditional Peranakan architecture lined along two facing rows. Walking down the stretch, set against modern and hip-looking cafes and bars sprouting up in the vicinity, is like…

Robust demand for office space in Q2

Singapore’s office property market saw stronger demand in the second quarter this year, according to Colliers Intl, which pointed out that all Grade A office micro-markets across the island have reached near-full occupancy rate at beyond 95 per…

Frasers Hospitality Trust (FHT), which will start trading on SGX this month, could be making another acquisition as early as in the next 15 to 18 months. Besides an initial portfolio of 12 hospitality assets worth $1.67 billion,…

DTZ appoints new Head of Global Occupier Services in APAC

David Jones is DTZ’s Head of Global Occupier Services (GOS), Asia Pacific, effective today. Jones was previously DTZ’s Intl Director, Global Corporate Services across Europe, Middle East and Africa (EMEA). As Head of GOS in Asia Pacific, Jones…

Is the time ripe to lift property cooling measures?

It is clear from a visit to showflats that the property market is a pale shadow of itself from a year ago, when the boom was in full swing. If sales at newly launched projects are bad, they…

Breezier Lau Pa Sat sees brisk business

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The revamped Lau Pa Sat attracted a huge crowd on its reopening yesterday. The food centre was better ventilated, with at least 80 per cent of the stalls open for business. More than 2,000 of the 2,500 seats…

Too early to relax property cooling measures, says MND

It is still too early to roll back property cooling measures, according to MND yesterday. It said that although home sales have decreased, prices have remained relatively stable. MND noted that private home prices had surged 60 per…

Borrowers’ risk profile gets lift from TDSR framework

The risk profile of borrowers has improved with the introduction of the TDSR framework a year ago, said MAS. It noted that the proportion of borrowers with a loan-to-value ratio above 70 per cent has declined. This segment…

Right time to review cooling measures: Kwek Leng Beng

Veteran property developer Kwek Leng Beng fears Singapore could lose its edge as an investment destination unless the Government reviews its property cooling measures. Mr Kwek, executive chairman of Hong Leong Group Singapore and City Developments, said foreigners…

Keong Saik Collab, a co-working space are going all out to ‘bring sexy back’ at Keong Saik Road, Chinatown’s very own red-light-turned-hipster neighbourhood

There is some serious business going down at Keong Saik Road, Chinatown’s very own red-light-turned-hipster neighbourhood, and its owners are going all out to ‘bring sexy back’ to the local business scene. Founded by two young Singaporeans who…

Taiwan’s MediaTek to invest another S$250m in Singapore research and development facility

Taiwan semiconductor firm MediaTek on Tues unveiled plans to invest another S$250 million in Singapore by 2020 in a sign of continued confidence in the city-state’s electronics industry. EDB Chairman Leo Yip said, the electronics industry attracted more…

Helping our despatch/delivery riders

A few months ago, MP Er Lee Bee Wah told me that our despatch/delivery riders need our help with their motorcycle parking fees. As delivery riders, they have to make frequent trips to multiple places in a single…

An OIE recognition of excellence

The World Organisation for Animal Health (OIE) has endorsed VPHC as SEA’s first OIE Collaborating Centre for Food Safety, serving the Asia and Oceania region. From its humble beginnings in the 1970s as a basic meat testing laboratory,…

0.5ha Tuas industrial site triggered for sale

A 0.5 hectare industrial land parcel at Tuas South St 7 has been triggered from the reserve list with an application of a committed bid price of not less than $3,527,300. This translates to about $65.5 psf for…

Install signs at bus stops that light up commuters’ choice of service

As a retiree, I have ridden on buses for some time now. I would like to offer a suggestion, having made some observations as a bus rider. Bus captains are sometimes not able to tell if there are…

Disconnect between public and operator’s ideas of better MRT service

The disconnect continues — the public’s idea of a better MRT experience and the operators’ idea, while quaint, are at complete odds. So, here we go again. To spell it out, this is the public’s idea of a…

Private resale home prices rise in May surprise

Prices of non-landed private resale homes rose unexpectedly in May, but analysts said the lift was likely to be temporary as sentiment among buyers remained cautious as a result of property-cooling measures and loan restrictions. Overall prices inched…

HUDC estate at Potong Pasir Ave 1 privatised

The HUDC estate at Potong Pasir Ave 1 has been privatised under the Land Titles (Strata) Act, after it obtained the required 75 per cent majority support, HDB said on Tues. This means that the Potong Pasir Town…

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