Daily Archives: September 5, 2014 (35 Articles Found)

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Improvements to parks in Woodlands

We thank Mr Yang Eng Huat for sharing his feedback (“Upgrade old parks in Woodlands”; Aug 28). NParks plans and develops parks with varying features and facilities around Singapore, with a view to meeting the varied needs of…

Reflection of high property prices

Agree with Mr Jolly Wee’s concern over the trend of Singaporeans buying properties overseas (“Tweak cooling measures to help S’poreans own homes”; Tues). However, I would not attribute this to our property cooling measures; rather, I see it…

Developers urged to go overseas to boost weak margins

Local residential property developers are barely managing to stay afloat given the country’s increasingly tight market conditions. Now domestic developers are being urged diversify out of SIngapore to boost their margins. According to CIMB, margin compression is going…

Buyers shun luxury city apartments despite price falls

Luxury apartment sales in the city centre sank markedly in the first half of 2014, revealed a CBRE report. According to caveats data for CCR, there were 48 transactions of properties costing $5 million and above in the…

Centurion Corporation braces for headwinds as bed space supply surges 40%

Centurion Corporation has seen outstanding growth in the past few years, mainly due to the fact that it was one of the first firms to capitalize on Singapore’s worker dormitory undersupply. However, CIMB warns that the good times…

Survey shows declining consumer confidence in Aug partially led by property market slow down

A new survey shows that consumer confidence in Singapore took a hit in Aug. While this could be due to a pullback after the Great Singapore Sale, some analysts said it could also be due to the changing…

Mandai makeover: Nature-themed precinct could be on the cards

With its existing wildlife attractions, the Mandai area could be redeveloped into a precinct for nature-themed attractions for education and recreation, the Singapore Tourism Board (STB) and NParks said. One idea from the Association of Singapore Attractions (ASA)…

Clean and green joy at Bukit Batok Nature Park

I exercise at Bukit Batok Nature Park, and it is a microcosm of the organisational fineness in the greening of Singapore, which any Singaporean yearning for the outdoor life would relish. It takes planning, co-ordination and attention to…

Upgraded Al-Ansar Mosque set to open next year

The Al-Ansar Mosque in the east will finally open its doors to worshippers early next year, after some delay. It took the team a few extra months to complete the new four-storey building at 155 Bedok North Ave…

Restored Teochew temple garners Unesco award

A $7.5 million, five-year makeover of the Yueh Hai Ching temple which included two years on research alone has earned the team behind it a 2014 Unesco Asia-Pacific Heritage Award. The Phillip Street temple, which can trace its…

More heat has been let out of HDB resale market

More heat has been let out of HDB market, with resale prices falling last month to the lowest in two-and-a-half years, dragged down by the double whammy of the Hungry Ghost Festival and the prolonged effects of repeated…

Lease Buyback Scheme: Advising the elderly on unlocking the value of their flats

Rent out rooms, move to a smaller flat, or sell part of the flat’s lease these are choices elderly households have if they wish to get cash out of their flat. But which is the best option? Observers…

The Butter Factory to close when lease expires in Mar 2015

The Butter Factory announced on Thurs that it will be closing when the lease for its One Fullerton venue expires in Mar 2015. The R&B and hip-hop club is famous for churning long lines for its signature, colourful…

REACH survey: Silver Support Scheme, CPF flexibility given thumbs-up

Initiatives announced by the Government to help Singaporeans in their sunset years appear to be well-received. A telephone survey by Government feedback portal REACH found 86 per cent of Singaporeans polled are in favour of the Silver Support…

New system to allow parents to register their kids for child care online

Parents can now tap on a new centralised online registration portal, called Child Care Link, to enrol their children into child care centres, after the website was introduced on Fri. According to Early Childhood Development Agency (ECDA), the…

Fixed rates vs floating rates – which is better for refinancing?

One of the most common questions people face when it comes time to look into refinancing is what kind of an interest rate package to choose. If you do a bit more research rather than just asking a…

Uncovering secrets of 19th century Singapore

Tucked in a corner off Victoria Street is a little known Muslim cemetery that houses the remains of royalty and luminaries from early Singapore. Shrouded in heavy foliage and thick with weeds, it holds the secrets of a…

Jalan Besar now backpackers’ abode

Bordered by funeral parlours in the east and lighting shops to the west, the wedge of land between Lavender Street and Jalan Besar has previously not drawn much attention. It is a working man’s district, home to hardware…

Deal combines each firm’s strengths create an urban planning giant in the region

Size counts. Big is beautiful. Take your choice of phrase as both apply to the dramatic news that four of the country’s leading players in urban planning and development could merge. If this ambitious deal comes off, it…

Sim Lian tops bids for EC site, beating market expectations

The latest state tender for an EC site in Choa Chu Kang Drive shows that developers would still make a beeline for attractive sites. Located about 550m from Choa Chu Kang MRT Station and Bus Interchange and Lot…

Temasek, JTC plan to wed units, make cities

Temasek Holdings and JTC plan to create an infrastructure and development behemoth to ride the rising wave of urbanisation washing over emerging markets, the Singapore state-owned entities announced on Thurs. JTC, Singapore’s industrial infrastructure development agency, and Temasek,…

Two new train depots to get rooftop solar panels

LTA plans to place solar panels on the roofs of two new train depots by 2016, taking advantage of their large roofs to generate clean energy for depot operations. It is the first tender the LTA is calling…

Is this the right time to take a closer note at private property developments around Jurong Lake District?

The revitalisation plan for the Jurong Lake District has garnered an immense amount of interest among residents, and potential investors seeking to capitalise on the potential private residential investment opportunities. The hint of a possible site for the…

Niece of rich widow in tour guide case seeks to freeze her assets

The niece of a rich 87-year-old widow has moved to freeze her aunt’s assets. Last month, Madam Hedy Mok applied to the courts for a Mareva injunction pending an application to revoke the Lasting Power of Attorney which…

Singapore’s Straits Trading plans $359-mln sale of office tower

Singapore’s Straits Trading Co Ltd plans to sell an office building in the bustling financial district for S$450 million ($359 million), the company said on Fri. Straits Trading, with a market value of $946 million, has business interests…

S’pore architect makes watery mark in New York

Singaporean architect and developer Chan Soo Khian, who has designed and built residences, hotels and museums around the world, is launching his first projects in US, where he and his firm SCDA are coming on strong with two…

Outlook for retail REITs positive despite softening retail market

The softening retail market in Singapore could start to hurt retail landlords and retail tenants. They have to cope with higher costs arising from restrictions on foreign labour, and at the same time battle slowing sales, as a…

‘Bigger and better’ plans for Mandai

The Government is looking into developing the Mandai area, with plans to turn it into an all-encompassing wildlife attraction, much like Gardens By The Bay. It will include educational, recreational and green aspects on top of its wildlife…

Need to stop agents targeting Pinnacle residents

Residents of a well-known estate (Pinnacle@Duxton), whose MOP is ending in Dec, have been bugged recently by flyers in their letter boxes, at their gates and under their doors from estate agents looking to assist in selling the…

Pedestrians need more protection against cyclists

I agree with the writer of “Rules against cycling on footpaths need to be enforced” (Sept 2). Unless the rules are enforced, cyclists will continue to ride nonchalantly on footpaths. In cities such as Hong Kong, I see…

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