Daily Archives: July 29, 2014 (32 Articles Found)

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Most unsold homes are in the city centre

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The port: Singapore’s reason for existence

Bottle Tree Park to get new features

Things will never be the same at the iconic Bottle Tree Park. For one thing, it may have a new name. Furthermore, its mgmt is being taken over by a Chinese company that has offered to pay a…

Most unsold homes are in the city centre

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The threat of an oversupply of private homes and a poor rental market are deterring home-seekers from buying completed homes, especially in the beleaguered city centre. The upscale districts 9, 10 and 11 account for the bulk of…

Cracks found in glass ceiling of Kallang Wave Mall

Climbing activities at the indoor rock-climbing facility in Kallang Wave Mall have been suspended, said its operator. Climb Central said in a Facebook post on Mon night that “due to some unfortunate circumstances with the glass ceiling above…

Keppel Land makes maiden US investment

Keppel Land has made its maiden investment in the United States by taking a stake in a prime New York City residential development. Keppel Land, one of Singapore’s largest developers, said today it will invest about US$70 million…

SPRI: Resale private home prices down 1% on-month in June

Resale prices of private homes fell in June after inching up in May, according to SRPI estimates released on Tues. The SRPI, compiled by NUS’s IRES, showed overall prices decreased by 1 per cent in June from the…

Puss In Boots roller-coaster ride to make world-wide debut at USS

Universal Studios Singapore will be launching a new suspended roller-coaster ride by the end of the year. According to Resorts World Singapore (RWS) and Universal Studios Singapore (USS), the new outdoor ride, titled “Puss In Boots’ Giant Journey”,…

Trees at Punggol, Tuas felled amid thunderstorms

Strong winds amid a thunderstorm saw trees toppling in various parts of Singapore on Tues, obstructing traffic in some areas and cutting off the entry to a car park in the north-east. Callers told the MediaCorp that trees…

The port: Singapore’s reason for existence

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In any story of modern Singapore, the port cannot be ignored. The city of Singapore was built around the port, and in the 1960s and 1970s, the port was still a key driver of Singapore’s economy. Even as…

186 scholarships awarded to talent in built environment sector. iGrant will be expanded to cater to experimental type of projects

Of more than 1,100 students who applied, a record 186 received Built Environment Scholarships at the degree and diploma levels on Tues. There was also a record number of companies, 54 sponsoring the scholarships this year, and of…

About 80 wild boars in Lower Peirce area culled

About 80 wild boars in the Lower Peirce area have been culled, reducing the population there to an estimated 30 to 50 boars. NParks gave the update last week in response to queries from ST. It did not…

Top 5 factors that constitute a “Good Location” property

Someone asked us what we consider as “good locations” when buying property in Singapore. Here is our list of the top 5 factors that make a good location. 1) Located in Districts 9, 10 and possibly 11 as…

Students take charge of cleanliness of their environment

The Keep Singapore Clean Movement in schools was launched today to get students to take ownership of the cleanliness of their school and the environment. Education Minister Heng Swee Keat said, “These student-initiated activities are a very important…

Raffles Medical’s expansion projects to complete by 2016

Raffles Medical Group (RMG) said it is expecting its major expansion projects, which include a new medical centre in Holland Village and an extension to the existing Raffles Hospital at North Bridge Road, to be completed in 2016.…

Trap-Neuter-Return-Manage (TNRM) Programme, a better way of controlling Singapore’s stray cat population

Relationship manager Sharon Tang and lawyer Thenuga Vijakumar are busy executives by day, but at night, they turn into cat-women they trap stray cats and send them for neutering, in a bid to save them from being culled.…

The Seletar Mall is more than 90% leased to open in Nov; catering to young families

The Seletar Mall, due to open in mid-Nov, has secured tenants for more than 90 per cent of its space, it was revealed at its topping out ceremony yesterday. Located at the junction of Sengkang West Ave and…

Reduce CPF amounts allowed for buying property

Three forum experts dared to take a tilt at a sacred cow the use of CPF funds to buy property. Improve the CPF scheme by lowering the current amounts of CPF money that can be used for this…

Integrated project’s studio flats prove to be a hit

Studio apartments were hotter than usual in this month’s launch of HDB flats, due to their being part of the Kampung Admiralty integrated project. Also proving popular were two-room flats and a Toa Payoh project, as BTO exercise…

Singapore’s no utopia but still a good place to live in

In recent months, Singapore’s government, for a variety of reasons, has expanded and extended its social welfare activities and made moves to redress problems arising from growing income inequality. It has, for example, increased health subsidies for the…

Poll: Q2 commercial property sentiment moderates

Real estate investor and occupier sentiments in Singapore’s commercial property market have fallen slightly from the previous quarter although both remain positive, according to a survey conducted by the Royal Institution of Chartered Surveyors (RICS). The RICS Global…

Buying a home? Wait…

Industry experts have advised potential home buyers to wait if they are thinking about plunging into the property market as prices can only get more attractive. They told a round-table session organised by ST last week that while…

Errant bosses faking addresses of foreign workers

Errant bosses have been listing false addresses on a MOM online database while housing their foreign workers in sub-standard conditions. They declare that the men are living in approved housing such as purpose-built dormitories, while actually putting them…

A three-decade transformation: How S’pore went from a state of squalor to a liveable and sustainable city

Safety; cleanliness; mobility; spaciousness; connectivity; equity. These, said former minister mentor Lee Kuan Yew in a 2013 interview with the Centre for Liveable Cities (CLC), are the ingredients of a good city, and Singapore has all of them…

Many private developments have been launched but remain unloved by buyers as home loan curbs continue to suppress demand

Many private developments have been launched but remain unloved by buyers as home loan curbs continue to suppress demand. The number of launched but unsold homes as at the end of June was higher than at the same…

Rooftop greenery adds splash of colour to HDB estates

A patchwork of deep red leaves and bright green grass stretches across the roof of a multi-storey carpark in Toa Payoh West. No one is allowed up there, yet the greenery can still be appreciated by many those…

Q2 home prices slide further, but at slower clip

Prices of private homes and HDB resale flats have continued to soften in the second quarter amid a pick-up in transaction volumes. But even though the quarter-on-quarter dips are smaller than in Q1, the prognosis is hardly cheery…

Eye on Kampong Glam: A new living heritage

While Kampong Glam is better known as a cultural and historical zone, its excellent location on the outskirts of the city centre is drawing some attention from developers and potential home buyers. Kampong Glam generally refers to the…

Office rents up 5.2% so far; further surge expected this year

While retail rentals have proved fairly flat so far this year, office rentals have been on a roll. They have already risen 5.2 per cent in the year to date, outpacing the 1.3 per cent full-year growth last…

Businesses not staying on at Bottle Tree Park

Bottle Tree Park in Yishun is set to close next month and most businesses there say they will also be closing as they were unable to come to an agreement on rent with the new operator. The businesses…

HDB resale volumes to hit 10-year low in 2014

HDB is set to release 80,000 new BTO flats within the next three years, prompting prospective owners to sell off their existing flats. This imminent supply flood is set to drag resale prices further, even as the market…

How much property prices have fallen in all segments since 2Q13

The past quarter has been an especially lean season for private residential developers. Builders of high-end homes are the biggest losers in this game, as the prices of luxury properties fell by 10.1 per cent q-o-q from $2,358…

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