Daily Archives: August 25, 2014 (25 Articles Found)

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Savills: Vacant private homes on the rise

The number of vacant private homes in Singapore is steadily rising, climbing 10.3 percent to 21,268 units in Q2 2014 from 19,284 units in the previous quarter, revealed a Savills report. The greater number of empty units on…

Panel may examine Lease Buyback Scheme to ease concerns

The Pioneer Generation Joint Committee could look into the Lease Buyback Scheme extended recently to four-room flats and possible options to assuage some concerns that may remain, said Speaker of Parliament Halimah Yacob, who chairs the committee at…

Municipal office ‘not catch-all body, but for complex cases’

Outlining for the first time her vision for the new Municipal Services Office (MSO) that she was recently tasked to head, Minister in PM’s Office Grace Fu said it is not intended to be an “omnibus” body for…

More than half of 2-room BTO flats sold to singles

Out of more than 5,200 two-room BTO flats in non-mature estates available, 2,765 units have been bought by singles since they were allowed to buy such properties directly from HDB last year. This surpasses the 1,550 units allocated…

How a falling property market could impact the wider economy

So far, the big debate over the slowdown in the public and private housing markets has focused on whether it is time for the Government to roll back some of the cooling measures that have kept a lid…

SLA to release digital versions of historical maps dated between 1954 and 2009 for public use

Trace the growth of the Lion City over five decades through 23 maps to be made available to the public from next month. SLA yesterday said it will release 23 street maps dated between 1954 and 2009. These…

When completed in 2017, Jurong’s revamped gardens will be one of the largest in Singapore

Often thought of as an industrial neighbourhood with few leisure options, Jurong became the talk of the town this week, after plans to turn it into a “people’s garden” were revealed. This comes six years after URA released…

Singapore farmers can tap on S$63m fund to boost yields, productivity

Local farmers can look forward to more financial assistance to transform their farms and nurseries into high-tech, productive plots, after the Government pledged S$63 million to aid their efforts. Dr Mohamad Maliki Osman, Minister of State for National…

Grungy Geylang seeing new residences and businesses

Geylang has been attracting an eclectic mix of newcomers recently. Since last year, at least 10 businesses ranging from start-ups to cafes, co-working spaces and design firms have opened up in the neighbourhood and nearby places such as…

Sabana Reit may acquire Changi property for S$50m

Sabana Reit is looking to acquire 10 Changi South St 2 from Adviva Distribution for S$50 million. The total cost of the acquisition is about S$55.1 million, including the purchase consideration, the JTC upfront land premium, the stamp…

Pros and cons of changes to CPF and extension of the Lease Buyback Scheme

CPF and your retirement needs. What are the pros and cons of the changes to the CPF scheme in particular, allowing retirees to withdraw a lump sum and the extension of the Lease Buyback Scheme? Here are some…

Lawrence Wong: Grass at National Stadium pitch needs time to grow

The grass pitch at the new National Stadium needs time to grow but it should be ready for the SEA Games next year, said MCCY Minister Lawrence Wong in response to criticism over the poor condition of the…

New upgraded MacPherson CC for residents

Residents of MacPherson can look forward to an upgraded community club (CC), which boasts more family-friendly programmes. After 19 months of renovations, the club was officially re-opened by PM Lee on Sat evening. He said: “MacPherson is one…

4 key mistakes young couples make while buying their first house together

Thanks to the Fiance-Fiancee Scheme, there has been a massive jump in Singaporean couples taking the leap of faith by applying for a flat together before even getting married. In lieu of the housing crunch and elevated property…

The dollars and sense of realigning the AYE

The Ayer Rajah Expressway (AYE) between Yuan Ching Road and Jurong Town Hall Road may be shifted to free up more land south of Jurong Lake for housing. URA, elaborating on what PM Lee said during his National…

Eye on Yishun: Star of the north

In earlier days, Yishun was home to various pepper and pineapple plantations. Named after industrialist and rubber magnate Lim Nee Soon, Yishun became one of the HDB towns to be developed in the 1980s as part of a…

Owners can help stop illegal subletting

I am involved in managing properties and find that illegal subletting of apartments is a persistent problem. Having just a resident’s access pass or security guards will not solve this problem. All parties involved need to work together.…

New platform, track for Tanah Merah MRT station in 2024

Commuters heading towards the airport and to the Expo can enjoy easier and faster travel, with a new platform slated to be constructed at the Tanah Merah MRT station. LTA said the enhancement works will commence in 2016…

MFA: Outcome of spat over ex-railway land expected in a few months

The arbitration process to settle a dispute between Singapore and Malaysia over development charges on certain parcels of former Malayan Railway land in Singapore has reached its final stage. In response to queries from BT, a spokesman from…

Cruise centre plans to make it a breeze for passengers with improve facilities and procedures

Holidaymakers who use the Marina Bay Cruise Centre (MBCC) can expect a shorter wait to get their passports checked or collect baggage, under plans to improve facilities and procedures at the centre. The improvements, in response to problems…

Tanjong Rhu’s transport woes lifted

Tanjong Rhu has been something of a transport dead zone but plans to build an MRT station will put the inner city within easy reach and boost local real estate, said analysts. The station will be one of…

Upcoming East Coast line a boon for those nearby

A number of property outfits owning sites along the future Thomson-East Coast Line have been touted as likely beneficiaries of the 13km, nine-station MRT line skirting the east shoreline. They include Reits and mainboard-listed developers. “Residential developments in…

Homes along New TEL MRT line may perk up sales

The upcoming Thomson-East Coast Line (TEL) will ease transport woes for many thousands of commuters and help send home prices north, consultants said. The 13km stretch could transform the area’s prospects overnight by bringing the CBD and other…

Tanglin Shopping Centre up for collective sale again but yet to gather requisite consent level

The fate of a somewhat faded Orchard Road landmark is hanging in the balance. Owners of the strata-titled Tanglin Shopping Centre are making a second try for a collective sale, but have yet to gather the requisite consent…

Singapore eDevelopment’s former unit fails to stop S$4.2m claim

Singapore eDevelopment is seeking legal advice after a former subsidiary could not stop a S$4.2 million claim from a previous client. Singapore eDevelopment, the property developer formerly known as the construction company CCM Group, said that an injunction…

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