Daily Archives: November 4, 2014 (24 Articles Found)

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3,500 applicants barred after cancelling HDB booking

Since Mar 2012, about 3,500 applicants who cancelled their booking for a HDB flat have been barred from buying BTO flats for one year. In a written response to a query in yesterdays parliamentary session, MND Minister Khaw…

Price gap between resale and BTO flats grew in 10 years

The average price difference between HDB resale flats and BTO flats has increased in the past ten years. For units in the suburbs, or OCR, the price difference is 31 percent today, while it was 18 percent in…

8 self-defeating mistakes amateur property investors make

We’ve covered Property Valuation utilising powerful ratios CapRates, Cash-on-Cash, IRR, NPV, and MIRR in previous articles. Although these five ratios are seminal to measuring a property’s value, your attitude is no less critical. There are a number of…

MEWR: 2,200 cases of high-rise littering reported in past year

NEA received feedback on 2,200 cases of high-rise littering from Sept 2013 to Sept 2014, MEWR Minister Vivian Balakrishnan said on Mon. Responding to a query from MP Lee Bee Wah on high-rise littering, Dr Balakrishnan said that…

Singapore needs integrated cycling framework, says MP

Planning for a national cycling framework should not be done in insolation, said MP (Tampines GRC) Irene Ng in Parliament yesterday, as the Republic tries to keep pace with more people adopting cycling as their mode of transport.…

Parliament looks into licensing for large foreign worker dormitories

Larger-sized dormitories offering 1,000 beds or more will have to be licensed from the second half of next year, should new legislation to manage foreign worker housing be passed in Parliament. The Foreign Employee Dormitories Bill, which was…

Committee to review use of personal mobility devices, such as electric scooters

The Pedestrian and Cyclist Safety Committee is reviewing the use of personal mobility devices on how they can enhance short-distance travel while ensuring the safety of pedestrians, Transport Minister Lui Tuck Yew said yesterday. Responding to a query…

Lawrence Wong: National Stadium pitch will be re-evaluated after Suzuki Cup

Sports Hub will decide if the current raft of remedial actions made to improve the condition of the National Stadium’s pitch is viable after the AFF Suzuki Cup, or if more extensive changes are needed, according to MCCY…

Pet hotel in Singapore features air-con suites, limo service and ‘pawdicures’

A luxury pet hotel featuring air-conditioned suites, spa services and gourmet meals was unveiled on Tues in Singapore, further raising the level of pet pampering in the wealthy city-state. The 4,317 ssqft Wagington hotel is located in a…

MetLife sets up innovation centre for life insurance industry in Singapore

US insurance firm MetLife on Tues announced it had set up an innovation centre in Singapore that will look into creating insurance products for Asian customers. To be housed at NUS, the centre dubbed futureLab will handle various…

S$807m chemical production complex opens on Jurong Island

Specialty chemicals firm Evonik on Tues opened its S$807 million production complex on Singapore’s Jurong Island, the German company’s largest investment in a single chemical project. The company’s first methionine plant in Asia will make the amino acid…

Two historical memorials to be unveiled

Two historical memorials will be unveiled a marker on the fight against communism and the Konfrontasi memorial, MCCY Minister Lawrence Wong said in Parliament on Tues. Addressing a query from Nominated MP Tan Tai Yong on behalf of…

Ng Eng Hen: CMPB’s new location to provide more integrated and efficient services

CMPB move to Gombak will provide more integrated and efficient services relating to NS, Defence Minister Ng Eng Hen said in a written Parliamentary reply on Tues. Dr Ng said Gombak Base was assessed to be the best…

Groundbreaking ceremony for 1-Net North Data Centre

1-Net and DataCentre One on Tues held a groundbreaking ceremony for their new data center located at Marsiling Lane. This formally kicks off work on the 214,000 sqft facility that is targeted for completion in first quarter of…

Battlestar Galactica ride at USS set to reopen

The Battlestar Galactica ride at Universal Studios Singapore (USS), billed as the tallest duelling roller coaster in the world, is set to re-open after being grounded for more than a year. A spokesperson for RWS confirmed that they…

A rising interest in overall business park space – A good tenancy choice to consider

Earlier this year, several prominent agencies announced their relocation plans outside of the CBD into the suburban areas such as Jurong East (MND), Metropolis Tower in One-North (SGX), and Novena (CPF). Banks and other financial institutions (FIs) such…

Sim Lim Square seeks help to tackle ‘black sheep’

In a bid to save its reputation, Sim Lim Square, a go-to place for electronic gadgets also known for the dubious sales tactics of some of its shops, has issued an unusual “appeal for urgent help”. In particular,…

Blackstone said to be in due diligence for bulk residential purchases

Global investment and advisory giant Blackstone is said to be keen on bulk purchases of high-end residential units in Singapore. It is understood to be doing due diligence for a potential acquisition of 18 four-bedroom apartments at Paterson…

$9.5m heritage project raises eyebrows

An ambitious heritage corridor project in Upper Serangoon Road, estimated to cost $9.5 million, has raised concerns over its hefty price tag. Conservation experts and activists have questioned the need for HDB to spend so much money to…

NEA: Efforts to limit smoking areas

We thank Mr Francis Cheng for his interesting suggestion, “Solution may lie in smoke-free blocks; last Thurs”. This merits further public consultation. Our policy is to ultimately prohibit smoking in all public areas, except at designated points, in…

Yishun needs new express bus service to clear MRT crowds

Crowding at Yishun MRT station in the morning is a serious problem, which is likely to worsen once the new flats in the estate are fully occupied. This is because the train from Sembawang is often fully occupied…

MND: Aljunied-Hougang-Punggol East Town Council’s ‘poor performance a grave public concern’

Aljunied-Hougang-Punggol East Town Council (AHPETC) has been red flagged by MND in two areas in the latest Town Council Management Report that was released today. MND said its “persistent poor performance in corporate governance and service and conservancy…

Scoot off the roads

Case manager Jeremy Kok, 29, recalls a time when he would zip from his home in Geylang to his Chai Chee workplace, then to evening class in Somerset and back home on his electric kick scooter. His daily…

Lim Hui Hua steps down as Soilbuild Construction Group CFO

Soilbuild Construction Group announced the resignation of Lim Hui Hua as CFO. Ms Lim, 33 will take up a new appointment as the CFO of SB REIT Management, the manager of Soilbuild Business Space REIT and a wholly-owned…

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