Daily Archives: December 4, 2014 (30 Articles Found)

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Closely watched HDB resale price index up for revision

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URA: Private property price tracker under review too

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Sentosa Cove homes sell for record $28.5m

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Developer’s ad offers home-buying tips

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First Reit to buy hospital in Indonesia for $39m

Red Dot Traffic’s lease to end in 2015

Tenants at Red Dot Traffic must vacate their Maxwell Road home in 2015, SLA has decided not to renew the building’s lease after nine years. The Red Dot is a refurbished colonial building from the 1920s, and it…

Analysts: Singapore well-positioned to be cruise hub in Asia

The Asian cruise industry is growing, 970 cruise ships are estimated to sail in the region this year, 12.7 per cent higher compared to a year ago. This is expected to grow by another 9.8 per cent in…

Iswaran: Alcohol restrictions can create more conducive environment for all

Businesses have expressed concern about the effect of the new liquor control measures which are set to take effect in Singapore next year. But the authorities have observed how these measures could benefit the larger business community. MHA…

Greener and more walkable spaces to be introduced in Civic District

The Republic’s Civic District is undergoing a makeover that will see some landmarks in the area connected to create a green, safe and walkable park environment, said URA today. The goal of the project, the URA said, is…

Changi Airport’s Project Jewel: 5 things to know about the new lifestyle complex

Work will start on Project Jewel, a new retail and lifestyle complex at Changi Airport, after its groundbreaking ceremony on Fri. The glass-and-steel complex to be built on the open-air carpark in front of T1, will be the…

Commuters at new Bedok interchange frustrated over longer bus journeys

Three days after the Bedok Integrated Transport Hub opened, bus commuters were still complaining of long jams that they blamed on the traffic arrangements around one of Singapore’s largest bus interchanges. Commuters TODAY spoke to during the evening…

NEA, ICA should help reduce emissions from daily Causeway jam

I refer to the letter “Over 8,000 complaints on idle engines” (Dec 3). The 8,000-plus complaints that were received over three years are nothing compared with the thousands of vehicles with engines idling in the daily jam at…

New study to find out about life in Singapore’s reservoirs

Six of Singapore’s 17 reservoirs will be studied in the next two years to find out what lives in them and the relationship between the aquatic plants and animals, such as what the fish eat. PUB, which is…

HDB resale prices fall again in Nov, transactions down after rising for two months

HDB resale prices fell 0.8 per cent in Nov, and the number of transactions slipped after having risen in the previous two months, according to flash figures from SRX on Thurs. Prices fell across all flat types, dipping…

Why get landlords to enforce fair trading law?

Case has asked the managements of Sim Lim Square and People’s Park Complex to change their rules and by-laws, to make it mandatory for landlords to ensure retailers run their businesses according to the fair practices under the…

Study feasibility of high-rise bomb shelters

When HDB first introduced bomb shelters in its estates, it was deemed necessary for these structures to be located underground. Recently, I visited an HDB flat on the 40th storey that came with its own bomb shelter; there…

Moneylenders taking over HDB neighbourhoods

As I was walking around the area near Clementi MRT station, I noticed a proliferation of licensed moneylenders there. I counted more than 10 such businesses within a 200m radius. This is alarming but not totally unexpected, given…

Protecting environment the mark of a gracious society

I echo writer of the week Yeo Hock Yew’s view that “the bigger challenge… is for us to develop into a gracious society, because this requires all of us to take ownership of our country”. Over the past…

Pubs turning into ‘smoke chambers’

Without regular enforcement, NEA’s prohibition on smoking in certain areas is pointless. For instance, I visited a couple of pubs last month that have become “smoke chambers”, with customers and even staff puffing away despite no-smoking signs. This…

Charge for parking by the minute

Most shopping mall carparks charge hourly or half-hourly rates. If motorists exceed the timeframe even by a few minutes, they have to pay charges for the next hour or half-hour. In contrast, most HDB carparks employ the Electronic…

MND moves Holland Rd site to reserve list, adds Woodlands office site to reserve list

The commercial and residential site at Holland Road, originally placed on the current second half 2014 confirmed list, will be moved to the reserve list of the first half 2015 GLS Programme. Announcing this on Thurs morning, MND…

Amgen unveils next-generation biomanufacturing facility in Singapore

Amgen, the world’s largest independent biotechnology company, has unveiled its new US$160-million manufacturing plant in Singapore. The next-generation biomanufacturing facility promises a simpler, more efficient, more flexible and cheaper way to make medicines of the future. The new…

Bukit Panjang LRT’s older trains could get makeover

Commuters travelling on the Bukit Panjang LRT line may be able to enjoy a more comfortable ride soon. Operator SMRT is considering a mid-life refurbishment of its existing fleet of 19 train cars which have been in use…

Land for about 3,020 private homes to be released in first half of 2015

MND announced on Fri the first half 2015 (1H2015) GLS Programme, which will comprise 6 confirmed list sites and 13 reserve list sites. These sites can yield up to 8,770 private residential units, including 1,010 EC units and…

Singapore’s Universal Terminal postpones up to $762 mln IPO

Singapore’s Universal Terminal has postponed its up to S$1 billion ($762 million) business trust IPO of oil storage terminals due to uncertain market conditions, IFR reported. Listing is now targeted for before the Chinese new year in Feb,…

Top 3 HDB and condo listings in last quarter of 2014

Property resale prices are very much on people’s minds right now. How do you know what to buy, sell or hold right now? The following is a list of the top three HDB and private condo listings compiled…

Closely watched HDB resale price index up for revision

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HDB will soon reveal more details on a revised methodology to compute the HDB Resale Price Index (RPI). The board has been working with a consultant from the National University of Singapore’s Department of Real Estate to review…

URA: Private property price tracker under review too

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A widely watched index used to track prices in the private property sector may be revamped to give a more up-to-date picture of the market. There has been concern that the property price index (PPI), as it is…

Sentosa Cove homes sell for record $28.5m

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Two Sentosa Cove condo units have been sold at $4,131 psf in a record price for the island, said SRX. Spanish tycoon Ricardo Portabella Peralta is thought to be the buyer of two adjacent units, for a total…

Developer’s ad offers home-buying tips

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If you are clueless about what to look for when buying a new home, an advertisement from Chinese developer Qingjian Realty could be the answer. The firm has taken the unusual step of placing the ad to advise…

First Reit to buy hospital in Indonesia for $39m

The source for this article is no longer available

First Reit is acquiring a hospital in the Sumatran city of Palembang for $39.16 million. The Siloam Sriwijaya hospital, which was completed in 2012, has a maximum capacity of 347 beds and a total floor area of about…

An endearing, green, walkable and connected civic district

Our Civic District is full of history, memories, monuments and beauties. Over the years, huge assets have been assembled there, but their full potential is not being realised. After much consultation and reflection, we now have a clear…

Chia Kim Huat retires as Ascendas Funds Management director

Ascendas Funds Management announced the retirement of Chia Kim Huat as independent director. Mr Chia, 47, was also a member of the Audit Committee and a member of the Operational Risk Management Committee. He was appointed to the…

EC unit supply sharply slashed by 67.8% on back of rising vacancy rate

The government had slashed the supply of EC units on the confirmed list of the 1H2015 GLS Programme. Only one site that can yield 490 EC units was released in the confirmed list. According to Colliers, this represents…

Sales at Wheelock’s Scotts Square residential towers remained stagnant with only 79% units sold

Persistent headwinds in the domestic residential sector, particularly in the high-end segment, continue to challenge property developers. According to a report by OCBC, the sales status at the Wheelock Properties’ Scotts Square residential towers remained stagnant over the…

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