Daily Archives: October 10, 2014 (28 Articles Found)

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How Changi Village has transformed over the years

Idyllic, rustic and homely, Changi Village is one of the few places in Singapore that truly deserves such a description. On weekends, the area teems with crowds, from cycling enthusiasts to people having supper. However, before it became…

Kian Ho Bearings inks deal to buy 10 units at Peace Centre

Kian Ho Bearings is acquiring 10 strata-titled commercial units at Peace Centre for $15.3 million. The units are currently tenanted. They are part of a leasehold development at 1 Sophia Road that has a remaining tenure of 55…

E-applications exceed 1,380 for Lake Life EC

Within a week of launching, the Lake Life EC in Jurong Lake District has attracted over 1,380 e-applications. This means the 546-unit EC is more than 2.5 times over-subscribed. And with two more days to go before applications…

Eye on Farrer Park: More than a nostalgic affair

Named after the former President of the Municipal Commissioners, R.J. Farrer in 1935, Farrer Park was once home to Singapore’s first racecourse built in the early 1840s. Currently, Farrer Park is home to a wide variety of residential…

Flush with cash, buyers snap up Marina One condo

In yet another sign that liquidity is still healthy in the Republic’s residential property market despite the recent fall in sales volume, more than 85 per cent of the units released during the preview phase of Marina One…

14th Social Service Office launched in Ang Mo Kio

The 14th Social Service Office at Ang Mo Kio (SSO@AMK) was launched officially this morning at an event attended by PM lee and MPs Mr Ang Hin Kee and Mr Seng Han Thong. Planned and set up by…

Smart sensors to go up around high traffic areas

Smart sensors will go up at several high traffic areas by the end of next year to track safety and security at places such as little India and Geylang, and monitor air quality and water levels to determine…

Singapore developers, REITs face heavy short-term debts

Singapore’s listed developers and reits face their heaviest burden of near-term maturities on record just as home prices drop. The 80 property companies on Singapore’s stock exchange reported a combined S$23.5 billion ($18.5 billion) of borrowings that have…

JTC Surface Engineering Hub @ Tanjong Kling opens

As the Republic continues with its economic restructuring efforts, new and creative ways to overcome land constraints are needed for the key manufacturing sector to move up the value chain and create good jobs, MTI Minister Lim Hng…

HDB resale prices taken a worse hit this time round

The HDB resale market, being an open market for buying and selling public housing flats, has always been perceived to be a resilient and stable one with minimal downside risks compared to the private residential counterpart. According to…

Debate over Reit governance not over yet

Proposals by the central bank to strengthen the rules governing Singapore Reits (S-Reits) and Reit managers will go some way to mitigate the “agency problem” seen in these Reits. But with MAS stopping short of taking a stand…

NHB’s rediscovery of forgotten reservoir draws visitors to Wishart Road

Despite being just a stone’s throw from HarbourFront and VivoCity, an air of sleepy tranquillity hangs over the Wishart Road neighbourhood. Few people, apart from regulars, step into the area, home to the likes of Shipmart, a store…

LTA: Over-height vehicles

We refer to Mr Gan Chin Yean’s letter “Heavier penalties better to stop vehicles from hitting overhead structures” (Oct 1, online). Incidents involving an over-height vehicle hitting an overhead structure are relatively few. However, a damaged overhead road…

Da Vinci building in Upper Bukit Timah sold for S$58m

Sim Lian Holdings Pte Ltd has bought the Da Vinci building at 191 Upper Bukit Timah Road for S$58 million. The seller, a unit of high-end furniture retailer Da Vinci Holdings Pte Ltd, will be vacating the property,…

Time for an overhaul: MAS zooms in on aging REITs in proposed policy shift

It’s high time to overhaul Singapore’s maturing REIT sector, and MAS has unveiled a series of changes in a 37-page consultation paper that was released yesterday. The move aims to enhance operational flexibility and improve transparency for the…

Flat glut to intensify as shoebox condos flood the market

Small condos will bring big problems to giant developers, as a large number of “shoebox” flats are expected to flood the market in 2015. Shoebox flats, so named because their size does not exceed 500 sqft were extremely…

CEA: Why bid to register as real estate salesperson was rejected

We thank Mr Winston Cheng Kheng Sen for his feedback (“Time, effort wasted in bid to learn new trade”; Sept 29) following CEA’s rejection of his application to be registered as a real estate salesperson. Mr Cheng had…

Why no per-minute parking at some govt-owned buildings?

As a motorcyclist, I was glad when MND Minister Khaw announced that motorbikes would be charged per-minute parking fees at carparks with the electronic parking system (“Motorcycles to pay per-minute parking rate”; July 1). However, I recently discovered…

From being a tenant to being a landlord: What I should have learned

I arrived in Singapore alone in 1998. I started renting on my own but ended up moving three times in just 13 months. First, it was a common room in an HDB flat for three months. Next, I…

Time to review annual property values and lower property tax?

Property rental and sale prices have fallen since the middle of last year. Developers have slashed prices and offered discounts; owners who faced difficulty renting out their apartments have been forced to lower rents. Also, the property outlook…

Home Protection Scheme: Start coverage once payment is made

The Home Protection Scheme is a compulsory mortgage insurance scheme for those using their CPF savings to pay for the mortgage instalments of their HDB flats. One of the problems with it is that coverage does not start…

DBS signs on as advisory partner for World Bank infrastructure facility

The Republic’s largest lender DBS, along with some of the world’s largest banks and asset management firms, will partner the World Bank in an initiative that could potentially unlock billions of dollars for infrastructure in the developing world.…

Not expensive to invest in Japanese real estate

Japan has been grossly misunderstood to be a high-cost country. Most Singaporeans have the impression that taxes, food, real estate, and so on, are much more expensive in Japan than at home. Real estate investments in Japan are…

Human rights group Maruah urges more transparency in drawing electoral boundaries

In five GEs, an area in Kaki Bukit bounded by PIE, Bedok North Road and Bedok North Ave 3 has been part of four constituencies — split between the Aljunied and Eunos Group Representation Constituencies in 1988, absorbed…

Unclear why Orchard ERP cordon can be closed to cars

I refer to the report “Part of Orchard Road to go car-free once a month” (Sept 26). The stretch of road that is closed to vehicles from 6pm to 11pm on the first Sat of each month is…

Singapore’s total property investment volume plunged 38.9% in Q3

Singapore recorded yet another dismal quarter in Q3, with total investment volume plunging 38.9% year-on-year to $4.925 billion. According to CBRE, the private sector has well surpassed the public sector to contribute 69.4 per cent to this quarter’s…

Hock Lian Seng wins Tuas land with $30 million bid

Hock Lian Seng Holdings has been awarded the tender for an industrial site. The land parcel measuring 25,700 sqm is situated off Tuas South Ave 7. Hock Lian Seng submitted the winning bid of $30.9 million to JTC.…

HDB awarded BBR 20 year solar panel lease

BBR Holdings (S) Limited announced that it has been awarded a contract by HDB. The contract is for the installation of about 20,000 solar panels on more than 75 blocks of HDB flats in Ang Mo Kio, Singapore.…

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