Daily Archives: October 7, 2014 (23 Articles Found)

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MND: 15-month waiting time for EC launches stays

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Early-bird discounts lift Marina One sales

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Has a brain drain started at CapitaLand?

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Star structures

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J-Trust stands firm behind LCD purchase

Singapore to build more barriers to deter illegal landings

Singapore’s police coast guard will be erecting some 80km of land- and sea-based physical barriers around its shores in order to protect it from illegal landings like the incident at Raffles Marina in Aug. DPM and Minister for…

Sliding glass door at Bugis Junction falls off and shatters

A sliding glass door at Bugis Junction fell off and shattered on Tues night. A part of the glass sliding door was found next to the shop MDS Collections on the mall’s first floor. The area was cleaned…

Installing CCTV cam? Get approval first

Walk around Blk 137, Yishun Ring Road, and you will find many CCTV cameras mounted in the 12-storey block. Residents have installed them for reasons such as deterring theft, warding off loan-shark runners and keeping tabs on “difficult”…

More than 1,200 applications for Lake Life EC

Despite the sluggish property market, house hunters are flocking to the launch of the latest EC in Jurong, the first in 17 years to be launched in the area. The 546-unit Lake Life built on a site that…

Five new bus services to be rolled out in eastern, western S’pore

Residents in Bukit Batok, Changi, Jurong East, Kallang and West Coast can soon look forward to new bus services. LTA said yesterday that five new bus services would be rolled out in these areas in the coming months.…

Hawker rents not raised because of maintenance, repair

We refer to the various letters from readers on the Repairs and Renovations (R&R) of hawker centres (“Stop unnecessary hawker centre renovations”; Sept 26 and “Consumers bear the cost of hawker centre upgrading”; Sept 30). Our hawker centres…

More transparency on lift upgrading bill

I received an invoice from the HDB for the Lift Upgrading Programme (LUP), but it did not give any details about the actual cost of building the lift and how the bill was apportioned among the units. I…

Lion City’s green ranking worsens

With the growing population driving up carbon emissions, Singapore’s environmental ranking has worsened in the latest Living Planet Report by the World Wide Fund for Nature (WWF). Out of more than 150 countries analysed, the report found Singapore…

Can family members can buy back lease balance upon parents’ death? Yes, if …

Family members who wish to buy the tail end of the lease sold to HDB as part of the Lease Buyback Scheme (LBS) upon the death of their parents are able to do so depending on their eligibility…

18,000 CCTV cameras installed in 3,300 HDB blocks so far

About 18,000 CCTV cameras have been installed in 3,300 HDB blocks to date, one-third of the total number it hopes to achieve by 2016, Second Minister for Home Affairs S Iswaran said in Parliament on Tues. This means…

Education levels of property agents have increased in past decade

The educational qualifications of the average real estate and insurance agent has increased in the past 10 years, Manpower Minister Tan Chuan-Jin noted in written responses to questions in Parliament on Tues. As of 2013, about two in…

MND: 15-month waiting time for EC launches stays

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There are no plans to scrap a rule requiring developers of ECs to wait 15 months before putting the units on sale as this measure remains relevant, MND has said. Industry players argue that the policy has not…

Early-bird discounts lift Marina One sales

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Discounts for early-bird buyers helped sales take flight at the Marina One integrated development over the weekend. Of the 1,042 private homes in the project, about 100 have been sold in bulk sales of three or more units…

Up to 100 years of rent-free land lures 7 S’pore food firms to Korea

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Seven local food manufacturers have agreed to set up factories in Foodpolis, an initiative of the government-supported Korea National Food Cluster, which has offered 100 years of rent-free land in a bid to woo investors there. An article…

Has a brain drain started at CapitaLand?

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On Sept 1, CapitaLand announced the resignation of Lim Beng Chee, CEO of CapitaMalls Asia (CMA). Could this be the start of a brain drain from the group? Talk in the market is that Sharon Lim, CEO of…

Injecting new life into Havelock area with $40m makeover at Havelock II

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The Havelock area will get a stab of fresh energy with the introduction of Havelock II. The former Apollo Centre, not far from Clarke Quay MRT station, was bought in Apr last year, and a makeover has been…

Keppel Land, Philips team up to save energy with LED bulbs

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There are more ways than one to go green. Following Singapore’s green building week in early Sept this year, local prime office developer and landlord Keppel Land entered, one week later, into a first-ever zero capital expenditure (capex)…

Star structures

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It has been a feast of awards for both the local and global architecture industries this week, with three different ceremonies celebrating great design. Earlier this week, the Singapore Institute of Architects gave out 14 awards and 10…

8 fascinating facts about Jurong Lake District

The overwhelming response for Lake Life EC has put the spotlight on one of the hottest addresses in Singapore – Jurong Lake District. More than 1,200 e-applications were received over the long weekend, but there are only 546…

Latest wave of openings that is transforming the ‘new Tiong Bahru’

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While up-and-coming neighbourhoods such as Everton Park and Jalan Besar have been wresting over the spotlight as the “new Tiong Bahru”, the neighbourhood that first popularised the idea of heritage-chic has quietly been revamping itself to suit the…

J-Trust stands firm behind LCD purchase

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Japan’s J-Trust Group’s acquisition of Singapore listed hospitality group LCD Global Investment has caused consternation among some of the latter’s minority shareholders. The crux of the unhappiness surrounds the fact that the Tokyo-listed financial giant bought 29.5 per…

Your Step-By-Step Guide To: Buying an EC Unit

If you’re planning to take that next big step and put down some real money for an EC, you’re going to have to know what to prepare for, and amongst other things, if you even qualify for one…

Understanding the time value of money and IRR

Internal Rate of Return (IRR) is an extremely powerful valuation metric for property investment, and have been successfully applying it for a while. But few of those who use the Internal Rate of Return (IRR) in the real…

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