Daily Archives: August 15, 2014 (18 Articles Found)

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Property players here take a tumble

Better compensation for land-owners affected by Thomson-East Coast Line development

Some property owners affected by land acquisition from the development of the Thomson-East Coast Line can expect better compensation. Property analysts say this is because of recent changes to the Land Acquisition Act. Six landed properties along Amber…

CDL: Panic selling may happen if current property downtrend persists

City Developments Limited (CDL) has flagged concerns about a downward spiral of property prices if the current declining trend continues, but it is confident that the government will take “timely action” if such a scenario arises. “The general…

Interest rate fears keeping housing market quiet

It has been a year since the private housing market went all subdued and quiet, but early forecasts of the market’s demise have largely proven unfounded. Yes, it is no secret prices have fallen, but these declines were…

Six new precincts among plans to enhance Sentosa’s appeal

Sentosa is calling for ideas to boost its appeal to visitors and its plans include creating six precincts, which will have distinct offerings that cater for different groups, out of its existing clusters. For example, the Palawan Beach…

Private home sales remain flat in July with 484 new private homes sold last month

The private housing market remained in the doldrums in July, with sales of private homes remaining flat as developers continued to scale back new launches. Property developers sold 484 new private homes last month, up marginally from the…

Foreigners will pay more to use sports facilities

Foreigners will have to pay more to book public sports facilities here, under Sport Singapore’s new fee structure. First to come under the new structure is the Singapore Sports Hub, which yesterday posted on its website rates for…

Thomson-East Coast Line, connecting North and East, ready by 2024

The country’s sixth rail line the Thomson-East Coast Line (TEL) will be fully operational by 2024, LTA announced on Fri. The previously-announced Eastern Region Line and the Thomson Line will be joined to form the single, continuous line,…

Developers bidding for some govt plots face new rules

Developers who successfully bid for projects on selected government plots will have to adopt more productive construction methods by the end of this year. To facilitate these moves, BCA will provide funding support to those who adopt these…

RCR homes dominate deals as private home sales inch up in July

Private developer sales remained lacklustre in July. Sales inched up very slightly with 484 units sold last month compared to 482 units in June. According to PropNex Realty, RCR was the most active in July, accounting for 46.1…

Slight rise in new private home sales

Sales of new private homes in Singapore, including ECs, rose marginally month-on-month to 535 units. In June a total of 531 units were sold according to URA. Excluding ECs, the number of transacted units last month was 484…

Reduce expressway lighting

I commend LTA for replacing street lights along 500 roads with energy-efficient LED lighting (“Lights out for older street lamps”; July 9). There is another area where the LTA can save energy reducing expressway lighting. Our expressways are…

New rehab gym opens at IMH

IMH opened a new rehabilitation gymnasium on Fri. The MINDSET Rehabilitation Gym consists of a Sensory Integrated Gym, where sensory therapy is carried out, and a Physical Exercise Gym, where patients can perform aerobic and anaerobic exercises. Sensory…

Religious melting pot in Waterloo St

It is after midday on a Fri and the Sri Krishnan Temple in the Bugis area is closed for the afternoon. But this does not stop a constant stream of Chinese devotees from stopping in front of it,…

Pan Hong Property Group appoints Wong Ching as executive director

Pan Hong Property Group announced the appointment of Wong Ching as executive director. Mr Wong, 28, will be responsible for the group’s investor relations and related matters. He is currently a venture partner at Riverland Capital since Apr…

Property players here take a tumble

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Local shares drifted lower yesterday over concerns about the faltering property market here and lacklustre results from blue chips SingTel and City Developments (CDL). The benchmark STI slipped 6.6 points to 3,294.8, with CDL and CapitaLand among the…

Public book shelf up in Serangoon estate

Fancy swapping an old book for a new read? A book shelf has popped up just outside a two-storey house on Wolskel Road in Serangoon. The words, “Take a Book, Leave a Book”, are painted on the shelf…

Impact of Singapore’s property cooling measures on sales and prices

Recent cooling measures have clipped the wings of the once-soaring private property market in Singapore. Tough measures such as TDSR framework, which restricts a borrower’s monthly debt repayments to at most 60 per cent of his gross monthly…

Chan Tee Yong joins Pollux Properties as deputy financial controller

Pollux Properties announced the appointment of Chan Tee Yong as deputy financial controller. Mr Chan, 29, will be responsible for the accounting and financial functions of the company and group. He joined as finance manager in Kaixin Industrial…

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