Daily Archives: October 23, 2014 (27 Articles Found)

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library@orchard back at Orchard Gateway

Library@orchard is back with a brand new user experience and concept after a seven-year wait. NLB has worked closely with 30 students and lecturers from SP to develop new features like the Book Trees, where users can browse…

Government cut inflation forecast as accomodation, COE prices further moderated

The Singapore government has lowered its full-year inflation forecast to reflect the ongoing moderation of private road transport and accommodation costs, even as wage pressure on businesses is expected to persist. Full-year all-items inflation rate is now projected…

Marine Parade to benefit most from TEL

The upcoming Thomson East Coast Line (TEL) is expected to boost property prices along the route, with Marine Parade likely to be the biggest beneficiary, a quarterly poll of senior executives in the property sector showed. The 43-km…

MEWR: WWF report ‘does not reflect Singapore’s environmental constraints’

MEWR has responded to recent findings in the latest World Wide Fund for Nature’s (WWF) report that showed Singapore’s environmental ranking had worsened. MEWR clarified today that the Living Planet Report 2014 (LPR 2014) “fails to recognize Singapore’s…

President Tony Tan: Cities must be sustainable, liveable to attract top talent

Cities today must be sustainable and liveable to attract the best and the brightest talent, said President Tony Tan at a banquet at London’s Guildhall yesterday, as part of his state visit to UK. In his speech, Dr…

Analysts: Good time to buy luxury property

With luxury home prices in Singapore continuing to fall, now could be a good time for home buyers to make a big ticket purchase. Here’s what analysts have to say. A Colliers Intl report stated the average capital…

Don’t rush to pay for your dream home

When we buy a bag of rice at the grocery store, we pay what is on the price tag. No discussion, no negotiation. Not the case when it comes to buying, selling or renting Singapore property. The price…

Leaky Indoor Stadium roof adds to Sports Hub’s woes

Already hit by lighting issues that drew complaints on Tues from tennis players at the BNP Paribas WTA Finals, the Singapore Indoor Stadium (SIS) on Wed found itself dealing with a roof leak as well. An afternoon downpour…

Malaysia asks for natural grass surface for Suzuki Cup

“No artificial turf please, we prefer natural grass” – that is the message being conveyed to the ASEAN Football Federation (AFF) following the confirmation of Singapore as host of the AFF Suzuki Cup Group B matches. The iconic…

Malaysia confirms its S’pore-KL rail stations

The high-speed rail (HSR) project connecting Singapore and KL will have seven stops in Malaysia, namely Kuala Lumpur, Putrajaya, Seremban, Ayer Keroh, Muar, Batu Pahat and Nusajaya. While several of the proposed stations had been revealed earlier this…

RB Capital and Royal Holdings eye S$10b asset size by 2020

Kishin RK, who founded property and hotel group RB Capital in 2006, plans to integrate the group’s portfolio of assets with that of his father’s Royal Holdings resulting in a combined value of around S$4.5 billion. This will…

More seniors servicing private mortgages

The number of elderly home owners servicing private mortgage loans has ballooned in the past few years, as more people buy homes in their later years for investment. According to data from Credit Bureau Singapore, there were 15,506…

Malaysians widen lead over Chinese as top private home buyers

The gap between the top two nationalities of private home buyers among foreigners and PRs widened in the third quarter, after purchases by mainland Chinese fell more than those by Malaysians. This is the first time since Q3…

Cairnhill Mansions launching their fourth attempt at a collective sale

The owners of an ageing District 9 residential property are launching their fourth attempt at a collective sale. Cairnhill Mansions’ 61 owners will begin the process next June with the aim of getting the requisite 80 per cent…

Fragrance Court up for en bloc sale

Fragrance Court in Pasir Fragrance Court has been put up for collective sale at a reserve price of S$70 million, about S$1,235 psf ppr, CBRE said on Wed. The freehold site at Pasir Panjang, zoned for residential purposes,…

The Crest @ Prince Charles – decent price to move

The Crest re-launched through a preview last weekend. To make the deal sweeter, the developer a joint venture led by Wing Tai Holdings, Metro Australia Holdings, and Maxdin Pte Ltd, offered a massive 10%+10% preview discount to reward…

OCR homes kicked out of the spotlight as mass-market launches dived 67.9% in Q3

Houses in the OCR have long dominated primary market sales. But mass-market houses in the OCR have been dragged out of the limelight the number of new launches plunged 67.9% in the third quarter. According to Colliers, developers…

Luxury home sales dearth to drag prices 10% by the end of the year

Luxury residential properties remained stuck in the doldrums in Q3. A report by Colliers showed that the average capital value of luxury and super-luxury apartments softened by a steeper 2.1% QoQ following 2Q 2014’s 1.1% fall to $2,584…

Discover which segments are biting off most of the property market’s pie

Investment sales in the residential segment totalled S$1.44 billion in Q3/2014, making up 24.1% of the total transaction value. Compared with the preceding quarter, it decreased by 14.5%. According to a report by Savills, the commercial segment, especially…

Preserve trees in Novena area

Over the past year, large sturdy trees next to the conservation houses in Mandalay Road have been felled to make way for Tan Tock Seng Hospital’s staff carpark. This is a waste as the carpark could have been…

New cyber security centre to defend Singapore’s smart nation systems

A new CyberSecurity Research Centre will be set up here to defend the systems being developed to turn Singapore into a smart nation. The centre will be spearheaded by I2R, a unit of A*Star, and Singapore Technologies Electronics’…

What to do when a fire breaks out? How to prevent fires in homes? Some tips from SCDF

Following a fire on Mon at a flat in Blkk 3, Telok Blangah Crescent that killed a 77-year-old man, ST asked SCDF for tips on what to do in the event of a fire, and how to prevent…

Rising tide of litter on Singapore’s shorelines

A single environmental programme’s volunteers have picked up 14,440kg of trash from the shores of Singapore and Pulau Ubin since the start of the year. The haul by volunteers of the Intl Coastal Cleanup Singapore (ICCS) is just…

Opening Hume Station will encourage use of MRT

I share Mr Thomas Tan’s concerns in the letter “Why won’t Hume Station open?” (Oct 17). There is an ERP gantry at the intersection of Hume Ave and Upper Bukit Timah Road. Opening Hume Station is surely consistent…

Rooftop garden safety guidelines

We thank Mr Jolly Wee for sharing his concerns (“Rooftop trees pose danger”; last Thurs). Building owners are responsible for the safety aspects of the rooftop gardens they have installed. To assist building owners, NParks and BCA, together…

License non-road vehicles

The proliferation of non-road vehicles, such as Segways and motorised bicycles, coincides with the Government’s push to close the “last-mile gap” between public transport nodes and destinations. Singapore has limited land space and it is inevitable that pedestrians…

Don’t ban electric devices, widen pavements instead

I disagree with Mr Francis Yeow Ghim Chye’s appeal for the authorities to clamp down on the use of electric transport devices on footpaths (“Keep electric transport devices off footpaths”; Tues). Users of motorised bicycles are usually older…

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