Daily Archives: July 18, 2014 (19 Articles Found)

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Take your pick of overseas properties

Ease ABSD for Singaporean but keep for foreigners urges Wing Tai boss

Wing Tai chairman Cheng Wai Keung has a solution for the property sector’s angst over the ABSD, Keep ABSD for foreign buyers but fine-tune it for Singaporeans who wish to buy more than one property. He argues that…

CPF has been overly weighted on housing when it should be about retirement

Singapore’s CPF system has changed significantly since its birth in 1955. Significant changes include allowing the use of CPF monies to purchase HDB flats in 1968, the use of Medisave in 1984 to pay hospital bills, and the…

Chevron Oronite completes plant expansion on Jurong Island

United States fuel additives maker Chevron Oronite yesterday marked the completion of expansion works at its Singapore plant, as it ramps up capacity to meet growing demand in the region. Production capacity at the 23ha Jurong Island facility…

Take your pick of overseas properties

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More Singaporeans could be investing their money in real estate overseas, following last year’s cooling measures for properties here. Many overseas developers are opening property galleries or sales offices in Singapore to step up their marketing efforts here.…

Delisting not on the cards for Wing Tai to avoid QC rules

Wing Tai Holdings will not be doing an SC Global. It won’t take the delisting route, declares chairman Cheng Wai Keung, as a way out from rules requiring the company to dispose of all units in its high-end…

CapitaMalls Asia to be delisted from 22 July

With effect from 21 July 2014, CMA will become a wholly-owned subsidiary of CapitaLand. On 14 Apr, CapitaLand offered to buy CMA’s remaining ordinary shares that CapitaLand does not already own. Today, the company exercised its right of…

A plot of serenity on the edge of bustling city

For a place just on the fringe of the city, the wedge-shaped slice of land, bordered by Bukit Timah Road and CTE, is surprisingly serene. Colonial-era “black and white” houses sprawl next to pre-war terraced houses with colourful…

Pillars of retirement adequacy. Three experts offer their views on the right policies in these areas

Everyone has to retire eventually, so retirement planning is a non-negotiable activity. You either plan for retirement or live to regret the lack of planning. The Government may assist in retirement financing is home monetisation extracting equity from…

Singapore Island Country Club (SICC) plans to make golf course public underway

The Singapore Island Country Club (SICC) is likely to meet relevant parties this month to discuss on giving up one of its golf courses. SICC president Tay Joo Soon sent a three-page circular to SICC members yesterday stated,…

British architectural artist Stephen Wiltshire draws Singapore skyline

Imagine drawing Singapore’s panoramic skyline in great detail strictly relying on your memory. That is exactly what British architectural artist Stephen Wiltshire is doing on a four by one metre blank canvas at The Paragon’s main atrium, as…

AGO: AVA tantamount to waste of public resources for 15 of 41 buildings leased left vacant

Of the 41 buildings AVA had leased at Sembawang, 15 were left vacant for two to 14 years and three were partially occupied for eight to 11 years. That is almost a third of the GFA left unused.…

The obsession of buying properties: why some countries get it while others don’t

Finally, Germany won the World Cup. They may be crazy about soccer. But they are never obsessed with properties, unlike the Asians, Australians and Americans. In fact, they are culturally indifferent to home ownership and property investment. Although…

Doing good is a team effort at this company

What better way for a construction company to do good than to help in upgrading works for homes for the underprivileged. That is the route that local firm Teamsystem Construction has taken. The family firm helps with upgrading…

Singapore cruise hub gets strong support from government’s investment and promotion

Singapore’s efforts to develop into an intl cruise centre have been a key factor in the growth of the industry here, industry players said. This growth has come from intl cruise lines that have entered the Asian market,…

Gearing up for smart cities of the future with technology

The idea of building a “smart” city may sound a bit coy and even cliched because that would imply that cities have been “dumb” all these years. And why do cities need to get smart in the first…

Residential REITs face severe sales slowdown in 2H14

The sales drought is still not over for the country’s residential REITs. After developers posted incredibly lacklustre sales in June, a report by Barclays today revealed that private condo sales could drop by as much as 40% in…

How two teachers with four children managed to buy a landed property in Singapore

If we had to raise a child, we’d be able to afford a landed property in about 60 years. If we had to raise four, the only landed property we’ll ever have is someone’s front porch when they…

Green Roof is a lot of Science

We are greening up a lot of HDB rooftops. It is pleasing to the eyes, besides lowering the ambient temperature. But having green roofs aren’t just about adding plants to rooftops. It takes a lot of science and…

Yeo Mui Sung appointed as new MediaCorp’s Chief Campus Officer

MediaCorp on Fri announced two strategic appointments aimed at accelerating its transformation while maintaining its strong financial management. Ms Yeo Mui Sung, currently CFO, will be appointed to the newly created role of Chief Campus Officer, providing oversight…

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