Daily Archives: October 27, 2014 (19 Articles Found)

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EDB: S’pore to be a hub serving new growth areas

Kinokuniya at Ngee Ann City receives Japanese makeover

Imagine browsing for books while surrounded by lush Japanese architecture, complemented further by traditional Japanese interior design: That’s what regular customers of the Kinokuniya main store at Ngee Ann City can expect when the book store re-launches this…

Keen interest to run Red House Bakery

More than a dozen organisations and individuals have expressed interest to run a confectionery business at Red House Bakery, the iconic bakery at East Coast Road with about half of them being Malay-Muslims. The bakery is part of…

Halimah Yacob: HDB Lease Buyback Scheme needs better awareness

Within three weeks of changes being announced to the Lease Buyback Scheme on Sept 3, HDB received 500 queries, almost thrice the number they receive in a typical month. The Lease Buyback Scheme allows eligible seniors to retain…

Hiap Hoe Limited – Management Reply: How much weaker will the Singapore property market get?

Hiap Hoe Limited says its Singapore property sales are facing slow growth in Q2FY14. The developer of Treasure on Balmoral, Skyline 360, Waterscape at Cavenagh, The Beverly and Oxford Suites soft launched another project, HH @ Kallang in…

How to get more out of your lawyer when you purchase property

When you purchase a property, your visit to your lawyer it’s not all fun and games—legal fees for a simple property purchase can range from $1,500 to over $5,000. Property transactions are usually charged on a flat fee…

Shophouses and retail units in Far East Plaza for sale

Four adjoining strata-titled retail shops at Far East Plaza and a row of three contiguous pairs of prime two-storey conservation shophouses in Peck Seah Street have been launched for sale by public tender. The retail shops in Far…

Storm drains could be death traps for wildlife

A juvenile purple swamphen, a rare resident bird here, was recently found stranded in a storm drain bordering Tampines Eco Green. Acres rescued it last Wed. The otherwise healthy bird was unable to fly out of the drain,…

Burgeoning warehouse supply in 2015 threatens Cache Logistics Trust’s portfolio

Cache’s portfolio occupancy was steady at 99.5% (2Q14: 99.6%), while balance sheet remains healthy with a gearing ratio of 28.8%, as at 30 Sept 2014. However, an analyst from OCBC cautions that the large supply of warehouses coming…

Only 5 percent say they are buying now

With developers rushing to launch or re-launch new and existing projects ahead of the festive season, the Sat after the Hari Raya Haji public holiday saw twenty-two property advertisements in ST marketing local property projects. Despite aggressive marketing…

HDB seeking to channel sunlight into basements

HDB is calling for proposals that will tap sunlight as lighting or energy sources for underground spaces, as it explores the idea of constructing underground basements for public housing blocks in land-scarce Singapore. Yesterday, Lianhe Zaobao reported that…

Fish farmers not keen on waste collection services

As the island’s shores continue to be plagued by coastal trash, some environmentalists have singled out offshore fish farms as one of the culprits, with nature enthusiast Ria Tan, who runs the website WildSingapore, suggesting daily waste collection…

EDB: S’pore to be a hub serving new growth areas

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The shift of the world’s economic centre of gravity to the East has been gathering pace and making tremendous impact on the way MNC do business. More firms across sectors, from pharmaceuticals and manufacturing to consumer goods and…

Office segment shines in property scene

The office segment was the sole bright spark in an otherwise lacklustre property market in the third quarter, new figures show. But consultants said the “exuberance” in rental growth could be fuelled not by firms expanding, but by…

VivoCity to get more shop space

The VivoCity shopping mall at HarbourFront will get part of its basement renovated later this year for about $5.5 million. Its owner, Mapletree Commercial Trust (MCT), told SGX that it plans to create about 15,000 sqft of new…

Colliers: Rents of luxury units declining

The average monthly gross rents of luxury/super-luxury apartment could decline by about 5 percent for the whole of 2014. According to a recent research and forecast report by Colliers Intl, rents for these units have fallen 3.9 percent…

Oversupply among potential risks in the next six months

New launches in Singapore in the next six months may lead to an oversupply in the property market, according to some RESI participants. When asked if they foresee any potential risks that may adversely impact market sentiment in…

Winning suggestions for pre-school designs

The huge space under the Thomson Flyover, once famous for housing the Whitley Road Hawker Centre, is now home to the Offside futsal complex. But Filipino architect Ronald Kendrick Rosilio believes it could be a great site for…

More payment issues along with major infrastructure project delays due to cost overruns and shortage of skilled manpower

As manpower shortage and higher operating costs pound away, the construction sector is undergoing tough times. The stress is evident in payment and project delays. “Construction demand is expected to continue with many big projects such as the…

Aspial’s CEO running for board seat at LCD Global

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Aspial Corporation CEO Koh Wee Seng, the second largest shareholder of LCD Global Investments, is seeking a board seat at LCD at its AGM this Thurs and now has the backing of Hong Kong billionaire Anson Chan. Speaking…

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