Daily Archives: September 2, 2014 (23 Articles Found)

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PM Lee opens S$950 million Jurong Rock Caverns

SEA’s first commercial underground liquid hydrocarbon storage facility was officially opened by PM Lee Hsien Loong today. Located 150m beneath Jurong Island, the Jurong Rock Caverns were conceptualised to overcome land constraints in Singapore. This follows years of…

Six construction firms to receive awards for HDB projects

Six construction firms will be recognised for their work on seven public housing projects at this year’s HDB Construction Awards. The awards, meant “to recognise industry partners for their achievements in constructing quality public housing projects”, will be…

Better payouts needed for reverse mortgage scheme for private housing, say analysts

One way to help owners of private housing monetise their property for retirement is to relaunch the reverse mortgage scheme, which was first introduced eight years ago. Although it did not meet with much success at the time,…

Soilbuild REIT clinches industrial property for $24.4m

Mainboard-listed Soilbuild REIT revealed the acquisition of 20 Kian Teck Lane, a light industrial property for a total consideration of S$24.4m. The property has around 26 years remaining on its land lease and a total GFA of around…

Allow seniors to sell their private property after buying HDB flat

I fully support the idea of senior citizens downgrading from a private property to a HDB flat to finance and enhance their sunset years. (“Loosen HDB policy to help elderly be more financially independent”, Sept 1). However, the…

Rules against cycling on footpaths need to be enforced

I refer to the letter “Enforce rules for electric bicycles” (Sept 1). Whether cyclists are riding in Bedok Town Centre or elsewhere, the rules as set out by the police and LTA clearly ban cycling on footpaths. Such…

Take potential city-airport link into account when building MRT line

A letter writer suggested the Government consider building an express city-airport rail link (“Build express rail link between airport and city”; June 13). With the recent announcement of plans to build the Thomson-East Coast Line (TEL), part of…

Tweak cooling measures to help S’poreans own homes

Singaporeans are still very much into investing in real estate as they consider it a safe way to provide for their long-term financial needs. The current property cooling measures have driven many of them to buy properties outside…

New polyclinics in Pioneer, Punggol to open in 2017

Singapore’s primary care facilities will be ramped up and more polyclinics will be developed. Two new polyclinics will be built in Pioneer and Punggol by 2017. Pioneer polyclinic will be located next to Jurong West Primary School, and…

Dormitory business ‘is here to stay’

While there are plenty of empty beds in workers’ dormitories around the island, one development firm still sees plenty of potential in the business. TA Corporation has backed its judgment by shelling out $113.9 million for a 37,170.5…

Charoen ‘eyeing UE’s property assets’ to expand his real estate portfolio here

Thai beer baron Charoen Sirivadhanabhakdi is eyeing United Engineers (UE), which will allow him to expand his property portfolio in Singapore, a market he knows well, say analysts. Mr Charoen is in the midst of talks with OCBC…

Suburban shoebox units: Bottom falling out of sector?

Shoebox apartments outside the city centre could lose their cachet once the flood of new homes hits the market next year. Experts note that tenants are enjoying greater choice, and that will only get better as the pool…

Elder sister wins fight over land

Two sisters in their 80s locked horns over a piece of land in Joo Chiat worth over $2 million. And last week, the High Court awarded the property to elder sister Zulaikha Bee Abdul Kader. The disagreement centred…

Experts back options for lease buyback

More elderly flat owners are likely to be interested in the Lease Buyback Scheme if they have a choice of how many years of their lease to retain and how many to sell back to the Government, said…

EDB launches pre-project innovation initiative

To facilitate innovation in the building industry, EDB on Mon launched the Pre-Project Innovation Consortium (PPIC) initiative, during the annual Intl Green Building Conference, organised by BCA. Under PPIC, developers and architecture firms will take on the role…

More efficient energy use in commercial buildings

Commercial buildings here have become more efficient in their use of electricity in the last five years, a report by BCA on Mon revealed. The report said, for instance, that the GFA of commercial buildings here grew by…

CIMB: Total private home transactions plunge 57% from Jan to July

Residential property prices are steadily heading south, thanks to the government’s different cooling measures. Due to the increasing completions of new homes, private and public housing prices have started retracing from their highs. According to CIMB, the price…

Rents for F&B spaces vary in CBD due to more diversified dining formats

The existing supply of non-shop space comprising F&B, entertainment, as well as health and lifestyle outlets in Singapore’s downtown core area grew by 10 per cent from the first quarter of 2011 to the second quarter of 2014.…

Five things to know about the Jurong Rock Caverns

Here are five things about this massive underground installation, which had its ground breaking ceremony in Feb 2007. 1) It is the first underground oil storage facility in SEA. It frees up 60ha of usable land, or about…

Harnessing solar energy to save costs for HDB estates

HDB and town councils could explore the possibility of better harnessing solar energy to power lamp-posts and other lighting fixtures, by installing solar panels at neighbourhood playgrounds. To effectively capture the sun’s rays, these solar panels could be…

Foreign workers deserve decent lodgings

I agree that Singapore has a responsibility to provide decent facilities for foreign workers who are here to build our housing and infrastructure (“Move beyond dollars and cents for our guest workers”; Aug 21). They are not refugees…

Ex-cleaner jailed for sending insulting SMSes to property agents

A former cleaner was jailed for 18 weeks on Tues for sending lewd and insulting text messages to several real estate agents. Sim Eng Peng had seen the victims’ photographs and mobile numbers in the property section of…

How do you know if you are ready for refinancing your property loan?

Most housing loan packages from private banks are structured to be low in the first 2 – 3 years and then rise in the 4th year to a higher rate that stays for the tenure of the loan.…

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