Daily Archives: July 23, 2014 (15 Articles Found)

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Is ‘generous’ use of CPF funds such as housing a threat to retirement adequacy?

Has the CPF scheme been too liberal in its use for housing and medical purposes, which, in turn, threatens retirement adequacy? Should there be a social pension scheme to ensure financial security for those with little CPF monies?…

Property investment sales finally jumped 19.9% to $4.73b after 2 boring quarters

According to Savills, after two quiet quarters, the investment market has awakened from its slumber with a total of about S$4.73 billion of investment sales recorded for the second quarter of 2014, up 19.9% from S$3.95 billion in…

HDB upgrading places financial burden on PR retirees

My parents are both retirees in their 60s. They became Singapore PRs in 1994 and bought a resale three-room flat in Ang Mo Kio the following year, where they have lived ever since. They paid off their housing…

PastaMania bulks up with spanking new S$70 million food production facility

By end-2015, Commonwealth Capital Pte Ltd will mark a milestone as it moves its operations, which are now spread across the island, to a spanking new S$70 million building located in Buroh Lane. The company behind PastaMania has…

To rollback or not? Conflicting assessments of property market regulations

It seems the property market isn’t doing as well as investors hoped it would. Analysts have remarked that the real estate industry is currently slowing down, becoming quite challenging for both developers and buyers. A year after the…

Training programmes needed to familiar with the new construction methods

More training programmes are needed for developers, architects and builders to get used to new construction methods. The Singapore Contractors Association said this after the Government’s move earlier this year to make the use of new construction methods…

NTUC Health’s first nursing home to open in Jurong West next year

A new nursing home in Jurong West the first to be opened by NTUC Health is expected to begin operations in the third quarter of 2015. The nursing home will be able to accommodate up to 290 residents.…

Developers’ pessimism deepens in Q2 as rising construction costs, inflation, interest rates seen roiling market

Developers are more pessimistic about the property market in the coming six months, citing rising cost of construction, inflation, and interest rates as factors that will likely have an adverse impact on market conditions. The NUS-Redas Real Estate…

The cooling demand for resale HDB flats has put some sellers in a quandary

The cooling demand for resale HDB flats has put some sellers in a quandary. These sellers are those who have already got, or will soon get, their keys to newly completed BTO flats or ECs. They have to…

A local inventor sues HDB over clothes rack design

A local inventor has sued HDB, claiming it has infringed his patent for an external clothes drying rack. But HDB has denied the allegations of Mr Yiap Hang Boon, saying that it had developed its own racks through…

Hotter interest in solar energy products

A survey by a consultancy here has uncovered a burgeoning market in solar energy and smart-home products among Singaporeans. Accenture, which interviewed 500 Singaporeans, reports that 5 per cent have already purchased solar panels for their homes, and…

Is the Singapore Purchasing Managers’ Index (SPMI) a forward indicator of industrial rentals?

With the current slowdown in factory activities due to an uncertain global economic outlook, caused by the slow growths in both China and the Euro Zone area respectively, there has been much readers’ interest in industrial rental prices,…

Tay Lai Wat retires as Stamford Land COO

Stamford Land announced the retirement of Tay Lai Wat as COO. Mr Tay, 57, was assigned chiefly to assist the executive chairman in the management of the operational matters of the group. He was appointed to the post…

Putting Singapore on the global map for green buildings

While it is unusual for any government to be involved in setting up NGOs, this did not deter Singapore’s building authority in helping to create the city-state’s first industry-led organization to champion green building awareness some five years…

Stage set for more great art as Singapore’s stock of arts venues satiate

The reopening of the Victoria Concert Hall and Theatre after extensive remodelling takes Singapore’s stock of arts venues to what, musically speaking, is an augmented plane. Topping the scale is the Esplanade only a decade old but already…

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