Daily Archives: August 28, 2014 (22 Articles Found)

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Struggling tenants pin hopes on possible new owner for Singapore Flyer

It has been more than a year since the Singapore Flyer was placed under receivership. But tenants may soon have some clarity about their future; CNA understands that a new owner of the giant observation wheel may be…

HDB retracts notice asking residents to consider ‘debarking’ noisy dogs

HDB said a notice put up in Ang Mo Kio, advising residents to possibly ‘debark’ their dogs if they make too much noise, does not accurately reflect its position. The notice had listed debarking as one option, alongside…

GST, property and ‘sin’ levies boost tax revenue to new high

Levies on consumption and property sales helped the taxman run up record returns for the last financial year, although the income tax takings slipped on the back of more rebates. The total tax revenue collected in the 12…

Why are Singaporeans so keen on the Indonesian property market?

Indonesia, country of 250 million has experienced its gross domestic product quadruple in the last 10 years and is now one of the hottest property markets in SEA. With an average sqft cost of USD$240 and rental yield…

Upgrade old parks in Woodlands

I have been a Woodlands resident for more than 20 years, and I had my wedding photos taken in Woodlands Town Garden and Woodlands Town Park East. While I am heartened by the Government’s plan to transform Jurong…

SGH working to increase capacity to deliver better care

We thank Mr Phui Peng Chuan for sharing his experience (“Expand overcrowded clinic”; last Fri). Indeed, our current patient volume has, over the years, outgrown our infrastructure. To increase capacity, more clinic spaces were created as administrative departments…

Rein in dangerous cycling habits

The report on several cyclists being fined by police for riding in Bedok Town Centre (“11 fined for riding illegally in town centre”; last Sat) was like a breath of fresh air. Riding at pavements fronting shops, void…

Developing the ‘heartware’ for a Smart Nation

Singapore is making a big push to become the world’s first Smart Nation. All the problems of a city can be traced to a single factor: Rapid growth, which places massive strain on its support infrastructure. The development…

Straits Trading Building unlikely to be bought by Suntec REIT

Suntec REIT is unlikely to buy the iconic Straits Trading Building, after reports circulated yesterday that the building may be sold for $450m. DBS has mooted the possibility that the Straits Trading Company (STC) will sell the asset…

Residual demand for unsold housing units remains low

Residual demand, which is the absorption of unsold housing units after stripping off demand from new launch or re-launches, has remained relatively stable with marginal improvement particularly in recent months, according to JLL. It said the effect of…

NSS Realty wins Gambas Crescent tender for $35m

URA has awarded the tender for the industrial site at Gambas Crescent to NSS Realty, which submitted the highest bid of S$35 milion or S$83 psf ppr. The land parcel covers an area of 168,616 sqf, and was…

Outcry after HDB notice suggest to debark noisy dogs

A HDB notice suggesting that dog owners consider surgically debarking their dogs if unable to quiet their pet has drawn an outcry from animal welfare groups and members of the public, who feel that it promotes an inhumane…

More solar panels for govt agencies

More government agencies will ride on HDB bulk tenders for solar panels and expand the use of solar panels beyond HDB flats, wrote MND Minister Khaw in a blogpost today. He added that the first tender with demand…

Singapore Flyer acquired by Straco Leisure for S$140 million

Straco Leisure, a subsidiary of tourism operator Straco Corporation, has announced that it will acquire the Singapore Flyer for S$140 million. The local company has a track record mostly in the tourism industry in Chinese cities such as…

Properties around Thomson-East Coast Line, should homeowners hold or sell?

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The announcement of Thomson East Coast Line (TEL) has led to speculation on the potential upside of properties located around the upcoming MRT stations. Many residents are wondering if they should hold or sell now, and potential investors…

Psychological barriers need to be tackled if Lease Buyback Scheme to take off

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When it was announced that four-room public flat owners will be able to sell part of their lease back to the Government for retirement income, property experts praised the move yet did not expect a large impact. Should…

SRPI: Resale prices of private homes slip in July

Resale prices of private homes slipped lower in July according to SRPI estimates, which were released on Thurs. The SRPI, compiled by NUS’s Institute of Real Estate Studies, showed overall prices fell 0.3 per cent in July from…

New psychiatric home for adults and youth

A new psychiatric shelter for adults and youth is expected to be completed by 2017. This is part of the MOH efforts to support people who have recovered from mental health treatment and are ready to return to…

Make our Sun work harder

In Singapore, HDB has the most experience with solar panels and has the largest installation. There are now 176 HDB blocks with solar panels and the number is growing. Next year, it will be 300 blocks. Being the…

3 reasons why you need to get mortgage insurance

To be honest, mortgage insurance was a product that was the least intuitive to me when I was training to become a relationship manager years ago. Despite how simple a product it actually is, I took a while…

Moderation should be key in any govt restructuring

In “Streamline govt bodies to help municipal office” (Aug 27), the letter writer reasons that there is a need to streamline some of the government agencies, and even ministries, to make the Municipal Services Office more efficient and…

Municipal office should be a change agent

I agree with the writer’s views on the Municipal Services Office (MSO) in the letter “Streamline govt bodies to help municipal office” (Aug 27). The MSO should be a change agent for public services, rather than a firefighter…

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