Daily Archives: August 11, 2014 (19 Articles Found)

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PropertyGuru CEO: Govt right to keep cooling measures in place

With private home prices declining a mere 2 to 3 per cent in the first six months of this year, the Government has done the right thing to maintain the property curbs for now, said CEO and co-founder…

Safety procedures under review after Sentosa cable car mishap

Sentosa Development Corporation says it will review procedures to ensure operational safety after a cable car mishap on Sun. The incident occurred around 4pm, and involved a new cable way system that is currently under construction. Two cable…

Authorities turn to public shaming of litterbugs, again

Litterbugs beware, the authorities are turning to public shaming again to get you to stop tossing your trash indiscriminately. In the first half of this year, 318 Corrective Work Orders (CWO) have been imposed by the courts, surpassing…

SRX: Private home resale prices fall to 21-month low

The resale prices for non-landed private homes continued its downward trend in July, falling 1.3 per cent month-on-month, according to flash estimates from SRX on Mon. It said the decline represented a 21-month low since Oct 2012 and…

How Float@Marina Bay become a permanent feature on Singapore’s skyline

In 2004, the army’s then-chief engineer officer Teo Jing Siong was asked to find a new venue for NDP, in place of the National Stadium which had to be torn down for the Singapore Sports Hub. Back then,…

SRX: Not all property listings are equal

SRX estimates that there were about 3,000 exclusives out of 200,000 sales and rental listings in June, and this translates to only 1.5 per cent of the total. So what about the other 197,000 listings? SRX calculates that…

Khaw: Bukit Timah Nature Reserve trail repair works to be done sensitively

Repair works on the trails in Bukit Timah Nature Reserve will be done “in a sensitive manner”, MND Minister Khaw Boon Wan said in a blog post on Mon. While boardwalks will need to be installed in some…

Frasers Centrepoint net profit down 60% on-year in Q3

Frasers Centrepoint (FCL) on Mon reported a 60 per cent drop in fiscal third quarter net profit on-year due to a lack of fair value gains. FCL, which was spun off from Fraser & Neave earlier this year,…

Roll out of free WiFi access at MRT platforms to start this month

Commuters at City Hall, Orchard and Raffles Place MRT stations will be able to enjoy free WiFi connection at the station’s platform level starting Aug 22, LTA said today. This marks the start of a roll-out of the…

Vacancy rate ‘healthy’ despite more empty private homes in Q2

The number of completed but empty private homes in Singapore is rising but property watchers have said the vacancy rate is still “healthy”. They expect the number to go up in the next few years, with the increase…

Work on Changi Airport T5 project to start soon

The team behind Changi Airport’s biggest and most challenging expansion to date has crossed a major milestone after more than two years the planning stage for land preparation works. This paves the way for actual groundwork to start…

Sembawang Straits Estate needs more bus services

When I moved to my current home near Sembawang Beach 11 years ago, there were only two bus services 167 and 882 serving the estate. However, after a few years, service 167 was rerouted to end at Sembawang…

LTA: Noise barriers at Anak Bukit Flyover ready by Oct

Noise barriers will be installed at Anak Bukit Flyover from Tues, and should bring some respite for residents living nearby from road traffic noise, said LTA. The barriers, built to a height of 6m, are expected to reduce…

Restoring Bukit Timah Nature Reserve

Bukit Timah Nature Reserve (BTNR) is a gem. 400,000 visit it yearly. Over the years, the Reserve has undergone natural wear and tear. Some slopes have suffered landslides, making it difficult for plants to flourish. Trails have undergone…

One time, big time: Wheelock profits up a whopping 750%

Accounting gains, recurring income from retail assets and a strong balance sheet are on Wheelock’s boast list this quarter. A report by OCBC says that Wheelock Properties reported a 2Q profit of $121 million, up 750% year on…

Realtors C&H Group, Remax and More Property joining forces to survive sluggish market

More real estate firms are banding together to consolidate their strengths as challenging market conditions have made it harder to run solo. A new partnership, the Real Alliance, was formed from three agencies C&H Group, Remax and More…

UOL seeks land with ‘strong growth story’

UOL Group is still keen on selectively replenishing its Singapore residential landbank even though it expects the market to remain subdued for a while. The group yesterday posted a 51 per cent year-on-year drop in second-quarter net earnings…

Pinnacle of HDB flat resales soon? With units widely expected to fetch high prices

The first flat from premier HDB project Pinnacle@Duxton has hit the market, with its owner obtaining special permission from the authorities to sell the unit. The four-room flat, with a floor area of 90 sqm and located “above…

Low pre-commitment rate burdens Ascendas REIT’s $458m acquisition of Aperia

A new mixed-use development is joining Ascendas REIT’s portfolio. On Fri, the developer revealed that it is acquiring Aperia, a newly-completed integrated mixed-use development in Kallang iPark for a total transaction value of S$458m. According to CIMB, Aperia…

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