Daily Archives: October 29, 2014 (23 Articles Found)
HDB responds to applicant’s claim that family was denied flat, reveals that no application was submitted
HDB has responded to a FB post by an applicant who claimed that her family’s request to buy a flat has been repeatedly turned down in the last five years with no explanation given. The flat applicant, who…
Renovation contractors hit by slow property market in Singapore
Refurbishment businesses have been affected by the slow property market in Singapore. According to RADAC, which represents about 80 industry players, some firms have seen business drop by up to 50 per cent compared to three or four…
National Stadium and Jalan Besar to share AFF Suzuki Cup duties
The ASEAN Football Federation (AFF) has said that the AFF Suzuki Cup will be held at the National Stadium, as well as at the Jalan Besar Stadium. The National Stadium, which has a capacity of 55,000, will hold…
World Bank: Singapore again named world’s most business-friendly environment
Singapore remains the most business-friendly economy in the world, topping a World Bank ranking for a ninth consecutive year. The Republic ranked No 1 in the ‘trading across borders’ and ‘enforcing contracts’ categories in the institution’s 2015 Doing…
Has Singapore’s property bubble already burst?
Despite dire predictions of sharp drops, Singapore’s property prices don’t seem to have budged much, but statistics may mask a market already in deep decline. The official price index data appear largely benign, down just 0.7 percent in…
Increased share of foreign homebuyers
The proportion of foreign homebuyers, comprising PRs and non-PRs, increased from 22.9 per cent in Q2 2014 to 27.7 per cent in Q3 2014, according to Knight Frank’s latest Research Bulletin for the Residential sector. The increase comes…
Less new blood joining property industry
Fewer people are willing to become real estate agents given the weak transaction levels in Singapore’s HDB and private housing markets. In 2013, HDB resale deals plummeted to a historic low of 18,100. But this year’s figure is…
5 technologies to change property
In its latest Global Cities 2015 report, real estate firm Knight Frank has highlighted five technologies that will likely change the property sector. It is remarkable to think that just five years ago no one owned an iPad…
Tharman signals cooling measures not likely to be relaxed soon
Signalling that the Government is not intending to relax property cooling measures any time soon, DPM and Finance Minister Tharman Shanmugaratnam said yesterday there is “some distance to go in achieving a meaningful correction”. “If we do not…
CEA launches web app to raise awareness on ethical real estate advertising
In an effort to provide KEOs of estate agents and real estate salespersons a better understanding of advertising guidelines, and for consumers to be more discerning when engaging a salesperson for property transactions, CEA today introduced a free…
NUS launches sourcebook for designing future nursing homes
The Department of Architecture at NUS School of Design and Environment on Wed launched a sourcebook for designing nursing homes for high-rise, high-density Asian cities like Singapore. The sourcebook, Re-Imagining the Nursing Home in Singapore, is the culmination…
SG Changi settles motorsports hub debts
Three years after its contract to build Singapore’s first permanent track was cancelled by the Government, SG Changi has finally drawn a line under an ignominious chapter that began with hope and ended in financial disaster. Its slate…
Construction firm, director fined for failing to declare GST on property sale
A construction company and its director were each ordered to pay more than S$193,000 in penalties and fines for failing to account for GST on a property sale. IRAS said the company, Junling Construction & Engineering, had sold…
New colour-coded electronic signboards on CTE, ECP from Sun
New signboards displaying colour-coded real-time traffic information have been installed on CTE and ECP, LTA said. The new Expressway Motoring Advisory System (EMAS) signboards, located at entry points to the two expressways, will display information in both text…
Thinking big to make most of spaces
The planned rejuvenation of Jurong to turn it into an oasis of vibrant living and recreation is an example of sensitivity in land use. The huge expanse of the adjoining Chinese and Japanese gardens, the area’s dominant features,…
URA release of Paya Lebar Central site, with conditions, draws mixed views
URA has finally released a much anticipated, big-ticket mixed development site in Paya Lebar Central. Nearly 55 per cent of the project’s maximum GFA of 164,794 sqm has to be for office use. The rest of the space…
What are the HDB estates with the cheapest flats near MRT stations?
Recently, there has been news that the government is requesting for tender bids for a revamped ERP system based on technologies empowered by the Global Navigation Satellite System (GNSS). The new system shall replace the existing gantry-based system…
Help community gardens bloom
I was glad to learn about the gardens that won Community In Bloom awards, and to note that the number of entries has grown from 257 to 343 this year (“Green plots for young and old”; July 5).…
Upswing in CBD Grade A office rents in the run up to 2016’s supply deluge
Overall rental growth for CBD Grade A offices surged 4.4% quarter-on-quarter (QoQ) in Q3/2014, after experiencing a slower growth of 2.3% last quarter. According to a report by Savills, CBD Grade A office rents will continue their upward…
Downtown Line 3 taking shape as Singapore River diversion comes to completion
The most challenging portion of building the new MRT Downtown Line 3, which involved the diversion of the Singapore River not once but twice is almost over. LTA said tunnelling under the river between the Chinatown and Bencoolen…
Off-site parking: Changi Airport Group replies
We thank Mr Ong Tiong Meng for his feedback on off-site parking at Changi Airport (“Off-site parking near airport”; last Wed). Changi Airport sits on a limited plot of land, and Changi Airport Group has to optimise the…
Reminders on common space
Given that Singapore is a land-scarce nation with a growing population, the competition for space and competing needs are issues that will crop up again and again. Examples include the “not in my backyard” (Nimby) trend as well…
Orchard library caters to more mature readers
My view differs from that of Ms Grace Tan (“No books for kids at new library”; yesterday). library@orchard is in a commercial and shopping area, and caters to the needs of more mature readers. While families may enjoy…
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