Daily Archives: August 18, 2014 (24 Articles Found)

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Review property curbs at fixed intervals

Recent requests for the removal of some property cooling measures have prompted the Government to state that the measures will stay for now. The problem is that we do not have a fixed review date for these measures.…

Tweak property rules to achieve two aims

Despite a growing number of calls from property players for the Government to dismantle anti-speculative measures in the property market such measures should remain for good. Over the years, policies to drive foreign investment and government land sales…

Home prices near new MRT stations set to rise

Prices of homes near the future MRT stations in the east are set to rise markedly, although the full gains will be realised only as the new line nears completion, consultants say. In the short term, however, rents…

Experts optimistic about take-up rate of buyback scheme

Property analysts have welcomed the extension of the Enhanced Lease Buyback Scheme to four-room flats, noting that the option to unlock value from their dearest asset would now be available to close to 60 per cent of the…

The new Science Centre to continue nurture ‘spirit of inquiry, exploration and discovery’

MOE and the Science Centre team are “eager to get to work” in re-imagining and developing the new Science Centre, which PM Lee dubbed the “jewel” of Jurong during his National Day Rally speech, said Education Minister Heng…

Khaw: First phase of Jurong Lake Gardens to be ready by 2017

Residents in the city-state, particularly in Jurong, can look forward to enjoying the 70-hectare Jurong Lake Gardens “as early as 2017”, said MND Minister Khaw in a blogpost on Mon. He wrote that heritage elements at the Chinese…

New municipal office to help bridge inter-agency issues

When one resident observed that a fishball stick along the walkway at Bukit Gombak MRT Station had not been cleared after two days, it took MP Low Yen Ling “multiple calls to several agencies and a few meetings”…

Sales in CCR surged by 91% in July as developers slashed prices by 20%

Developers of high-end projects are discovering that desperate times call for desperate measures. After grappling with unsold stock for over a year, some domestic developers are beginning to employ drastic price cuts to move their luxury inventory. According…

Ng Teng Fong General Hospital delayed by 6 months

The opening of Ng Teng Fong General Hospital (NTFGH) in 
Jurong has been pushed back by half a year due to construction issues, setting back plans to add much-needed beds to ease the crunch in hospitals here. However,…

Ng Teng Fong hospital delay will not impact new Sengkang hospital

The delayed opening of Ng Teng Fong General Hospital in Jurong will have minimal impact on preparations for the new Sengkang General and Community Hospitals, which is still on track to open in 2018. This is according to…

Singapore can tap more solar power by 2050

The sun could supply almost a third of Singapore’s electricity, up from less than two per cent now, by 2050. If predictions made by researchers from SERIS come to pass, it may mean lower electricity bills and fewer…

LifeBrandz back with a bang in nightlife scene

New life is being breathed back into LifeBrandz after the nightlife group aborted a reverse takeover that would have turned it into a hospitality developer. It said yesterday that its Aquanova club at Clarke Quay, which offers meals…

Should property owners be happy about the new Thomson-East Coast Line (TEL)?

On Aug 15, LTA and SLA issued a joint press release that Singapore is going to have a sixth MRT line known as the Thomson-East Coast Line (TEL). This is a follow-up on the Jan 2013 announcement about…

‘Open village’ for dementia residents

It is estimated that by 2030, there will be about 80,000 Singaporeans aged 60 or older who will have dementia. This is a condition that involves an irreversible degeneration of the brain. It robs the patient of his…

One in eight EC units left vacant in Q2

About one in every eight EC units was left vacant in the second quarter this year, markedly more than before, official figures show. However, consultants said possibly because their owners have not moved in yet because they are…

Re-imagining Jurong

Singapore’s industrialisation journey began in Jurong. But we have come a long way since. While some old factories remain in some parts of Jurong, it has largely been transformed. Last night, PM’s ND Rally explained that Jurong’s transformation…

Property scam costs law firm $105,200 tricked by a bogus agent

A single phone call ended up costing a law firm $105,200 after its conveyancing secretary told an interested buyer the sale of a $3.8 million house was legitimate. But the property agent conducting the sale was a fraudster…

4-room flats eligible for lease buyback scheme to supplement retirement funds

Owners of four-room HDB flats can now sell part of their lease back to the Government to supplement their retirement income, PM Lee announced last night. These apartments are now eligible for the Lease Buyback Scheme, which was…

Developers hard-pressed to price projects modestly

Latest official statistics showed that developers’ housing sales continued to languish last month, but the focus now is on the likely launches for the rest of the year and how much room developers have to price them attractively…

S$6.2b train-bus depot end of new Thomson-East Coast Line (TEL) will house 220 trains and 550 buses

Singapore is set to see more dramatic changes in its rail landscape with new developments in the pipeline. The world’s first integrated bus and train depot will be built estimated to cost a whopping S$6.2 billion in an…

July’s developer sales slid down 53% from last year

July’s developer sales stayed flat as sales from previous months’ launches continued to slow significantly, and take-up at the four new launches was subdued at best. In a report by Barclays, year-to-July sales was 4,893 units, down to…

Toa Payoh HDB estate first self-guided heritage trail launch

Long-time residents and others with links to Toa Payoh have come forward to share their memories of the estate as part of a heritage trail launched today. Temple caretaker Ng Giak Hai, 65, who grew up in Toa…

New spring coming for Jurong Lake’s gardens

The Jurong Lake gardens and a new Science Centre will be the focal points of a makeover for the Jurong Lakeside district, PM Lee said yesterday during his National Day Rally Speech. “There should be more to Jurong…

Government releases 2 residential sites for sale are expected to yield 900 residential units

Two new residential sites have been released for sale, and these are expected to yield about 900 residential units when developed, according to both URA and HDB. The residential site at Lorong Puntong and EC site at Sembawang…

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