Daily Archives: December 5, 2014 (38 Articles Found)

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Roses, consumer guides given out to tempt EC buyers

To help boost property sales amid a slowdown in the residential market, Singapore developers and marketing agencies are getting more creative in engaging home buyers apart from just run-of-the-mill advertisements. For the upcoming launch of The Amore EC…

Sim Lim Square management says no power to change by-laws for fairer practices

The management team of Sim Lim Square has responded to the consumer watchdog saying it “does not possess the power” to pass by-laws for the purpose of managing the business practices of the mall’s retailers, or to compel…

Changi Airport kicks off work on Project Jewel and T1 expansion

Changi Airport’s expanded T1 arrival hall will be integrated with level 1 of Jewel Changi Airport, while the baggage claim hall will see more circulation space, with the installation of additional baggage belts operated by an upgraded baggage…

SMRT pinpoints Bishan depot’s drains, canals as vulnerable spots

Following a string of security breaches at its Bishan depot, SMRT yesterday identified drains and canals running underneath the facility as points presenting security vulnerabilities. In a media statement, the public transport operator said it had been working…

Pilot initiative to manage stray dog population without culling launched at Jurong Island

A pilot project to control the population of stray dogs on Jurong Island without having to resort to culling them has been launched, said Law and Foreign Affairs Minister K Shanmugam in a FB post today. Under this…

300 people, four stores caught breaching Little India alcohol rules

Since the curbs on alcohol consumption and sale in Little India took effect in Apr, 300 people both foreigners and locals and four stores have been caught breaching the rules. Commanding officer of Rochor NPC, DSP Ho See…

Survey: Singapore falls off global charts for real estate sales transactions

Real estate transactions volumes in Singapore saw big declines as of mid-2014, as it fell off from a chart of top 30 global markets in real estate sales volumes, compared to its ninth ranking in the global arena…

Land sales for private homes, ECs cut sharply

The Government has scaled back sharply the supply of land for the development of private homes and ECs in a move that property analysts say is timely following the slowdown in the housing market. Under the Confirmed List…

OCBC: Private home prices to fall 10 to 15%

Private residential property prices in the Republic will dip 10 to 15 per cent over 2015 and 2016, while developer sales next year are likely to stay muted at between 8,000 and 10,000 units, OCBC analysts Eli Lee…

Get to know Moshe Safdie, architectural visionary behind Changi Airport’s Project Jewel

The upcoming Project Jewel, an iconic complex that will become every air traveller’s gateway to Singapore, is designed by Israeli-born Moshe Safdie. The 76-year-old architect and urban planner is best known in Singapore as the designer of Marina…

Bata turns 120: 10 things you may not know about the brand

Bata, the brand perhaps best known in Singapore for its white canvas school shoes donned by successive generations of school-going children, will celebrate its 120th anniversary this year with the reopening of its newly-refurbished flagship store at Peninsula…

Breaches of train depots must stop

The vandalising of a train at SMRT’s Bishan depot last month was troubling enough because it was the fourth such case at its depots since 2010. Worse, it was the second this year. Worse still, the protected place…

A road corridor with a rich history

Unlike Chinatown, Little India or Kampong Glam, few people associate Upper Serangoon Road with heritage. But last month it was reported that HDB will invest an estimated $9.5 million to develop a 4.2km stretch into a heritage corridor.…

Woodlands, Holland Rd sites take spotlight in H1 GLS slate

The government’s much-awaited decision to move the commercial and residential site near Holland Village MRT Station from the confirmed list to the reserve list, as well as its decision not to offer any office sites on the confirmed…

Bigger share of new home loans now less risky

Levels of mortgage debt held by Singapore households are easing further, thanks to government property cooling measures, a new report has concluded. Ratings agency Moody’s also said in its report that the incidence of bad loans for high-end…

Three land sites offering about 1,500 private homes released

Three sites on which about 1,500 private homes can be built have been released in Dec. One site at Jurong West St 41 was released for sale Fri, while an EC site at Woodlands Ave 12 will go…

Auctions – An alternative route to purchase property

It is no big secret that real estate is the best investment anyone could make and my guess is that it will be the same for a long, long time, if not forever. One can survive an early…

How to avoid getting suckered into a bad property deal

Every seller in the market is out there to earn the maximum amount of money they can against the commodity they are offering. Therefore, the price that they offer is not necessarily the commodity’s worth. This stands true…

Turning civic district into a walkable park – minus cars

Cementing a bold vision laid out in an urban master plan last year, the authorities here said work has started to reclaim the city’s civic district from the car. The area around the Padang encompassing landmarks like Victoria…

Sentosa condos sold at a loss as interest in waterfront projects wanes

Two luxury condominium units at Sentosa Cove were sold at record prices this week. Spanish tycoon Ricardo Portabella Peralta, CEO of Luxembourg-based investment holding firm Ventos SA, was reported to have snapped up two units at SC Global’s…

Survey: HDB neighbourhood shopkeepers more optimistic

Shops in HDB neighbourhoods are more optimistic about the future than ever before, according to the 2013 edition of an annual survey. Of shopkeepers surveyed, 35 per cent expect their business to improve within the next six months.…

Tax-free property annual value set too low

I agree with Mr David Goh Chee Hoe that property taxes should be reduced to more “realistic” levels during the current slowdown in the property market (“Home prices down, yet property tax unchanged”; Tues). The authorities have said…

Reduce price of studio flats to help retirees

If Miss Tan Lin Neo (“Drop in resale flat values worries soon-to-be retiree”; Nov 26) intends to sell her flat and downgrade to a smaller resale HDB unit, then the drop in resale values should not be a…

Features to make cycling across crossings safer

Mr Allein G. Moore’s concern over cycling at crossings (“Dangerous to cycle across crossings”; Wed) is well-intended but misplaced. What about pedestrians who sprint across traffic crossings when the “green man” is flashing? They are as likely as…

Cyclists must play their part too

I was once issued a verbal warning by the Traffic Police for failing to give way to a cyclist who was about to ride across a pedestrian crossing (“Dangerous to cycle across crossings” by Mr Allein G. Moore;…

Exercise care to prevent road deaths

In crowded Singapore, road and footpath users are frequently reminded to commute in a “safe and orderly manner” (“Dangerous to cycle across crossings” by Mr Allein G. Moore; Wed). This is further reinforced by laws. When motorists, cyclists…

Why recycling bins not at void decks

We thank Ms Teo Hwee Sian for her letter (“Factors killing efforts at recycling, tray return”; last Sat). We agree with her that recycling bins should be located at convenient sites. Unfortunately, we have not been able to…

Ubin has much to offer tourists

Let us make Pulau Ubin a tourist attraction (“Measures to preserve Ubin’s rustic charm”; Mon). Barges like those used for Singapore River tours can ferry tourists to the island. Ubin’s rustic charm can give tourists an idea of…

Use solar power to heat water

On a recent trip to Hangzhou, China, I noticed that almost all the buildings had solar panels on their rooftops that could be used to heat water. In contrast, few buildings here have such panels. The electricity used…

IPO of Keppel DC Reit launched

Keppel T&T today launched the IPO of a reit for its data centres that will raise S$513 million in the second-biggest listing in Singapore this year. Keppel DC REIT’s offering of 261.1 million units was priced at the…

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