Daily Archives: December 10, 2014 (21 Articles Found)

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First-time buyers drawn to Lake Life

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HDB gives its resale price index more oomph

SRX: Private and HDB rents fall again last month

The leasing market in Singapore continued to soften last month, with rents of both public and private homes posting another month of decline, SRX said today. Rents of non-landed private homes fell 0.8 per cent month-on-month in Nov,…

NetLink Trust fined S$50,000 for failing to meet service quality standards

IDA has fined NetLink Trust (formerly OpenNet) S$50,000 for failing to meet Quality of Service (QoS) standards from Jan to June this year, the agency said today. According to IDA, NetLink Trust has shown “significant improvements” in providing…

WP town council and the sound of silence

One of my responsibilities in MCCY is to regulate charities. One thing I have learnt about charities is that wanting to do good is not enough. When you are responsible for public monies, whether donations or fees, good…

Thong Sia Building in Orchard Road up for sale

A 33-year-old mixed development at Orchard Road is up for collective sale for the first time, revealed marketing agent JLL. Located opposite The Paragon shopping mall, the freehold Thong Sia Building sits on 21,602 sqft of land, consisting…

SLP Intl joins forces with popular YouTubers to educate young buyers

To help educate younger Singaporeans on buying their first home, local YouTube sensation MunahHirziOfficial is working with homegrown property consultancy SLP Intl on a series of four short videos. With a combined viewership of 21 million views, these…

Architecture firm proposes retirement home with farming facilities

Intl design studio SPARK has designed Home Farm, a conceptual proposal for retirement housing in Singapore that combines apartments with facilities for vertical urban vegetable farming. In the proposed development, seniors will get the chance to live in…

Putting rainwater to good use

Mr Ong Tiong Meng suggested that it be made mandatory for landed properties to have solar heater panels (“Use solar power to heat water”; last Fri). Besides saving electricity, we should also address the issue of water conservation.…

First-time buyers drawn to Lake Life

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First-time applicants made up almost half of the buyers at the Lake Life EC in Jurong. About 45 per cent of the project’s 534 buyers had never bought a home from HDB before, noted developer Evia Real Estate.…

HDB gives its resale price index more oomph

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In a push to make property indices more reflective of market changes, HDB the first among official agencies here to change the way it computes its price index has unveiled details on how its revised approach will be…

PUB keeping close watch on midge population

PUB, thanks Mr Cheang Peng Wah for his letter (“Update residents on progress in midge control”; Mon). Although midges do not bite or carry/spread diseases as they do not have proboscis (piercing mouth parts), we fully understand that…

The Verge and Chill @ The Verge offered for sale at S$320-350 million

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The Verge and Chill @ The Verge, a mall located in Little India, are being offered for sale with an indicative price of S$320 million to S$350 million. The Verge comprises a six-storey mall with two basement levels.…

Couple share memories of 1960s S’pore

Bumboats lining the Singapore River, an opera performance on a side street near Orchard Road, and a shot of Morris Oxford and Morris Cambridge taxis chugging past the Victoria Memorial Hall. These images detailing life in 1960s Singapore…

Govt should help elderly private owners with downgrading issues

While volunteering at Meet-the-People Sessions, I have met elderly owners of private property who are asset-rich, but cash-poor. Some of the elderly believe that moving house in old age is inauspicious. For those who are willing to downgrade…

No inconsistency in EC policy

Mr Mun Cheong Fai and Mrs Joanne Tan raised several queries on the financing and debarment period under EC policy. (“Policy inconsistency hitting a group of HDB owners”, “Set lower priority, not 30-month wait, for 2nd EC buy”;…

Warehouse Club may facilitate return of kampung spirit

I applaud NTUC FairPrice for setting up Warehouse Club. Its strategic location next to an MRT station makes grocery shopping there convenient for those who do not own cars. Besides, having a megastore that offers discounted prices and…

Survey: Singapore is 37th most expensive city for lodging for travellers

The Republic has been ranked as the 37th most expensive city among 150 cities when it comes to accommodation costs for travellers, according to a new survey by GoEuro, a Berlin-based travel search website. According to GoEuro’s 2014…

Making Ubin more visitor-friendly

With all the buzz generated by PM Lee Hsien Loong’s recent visit to Pulau Ubin (“Measures to preserve Ubin’s rustic charm”; Dec 1), I decided to see for myself what this island has in store for visitors. The…

Struggling Genting pins hopes on Jurong Lake Hotel

Genting Singapore estimates that it is only halfway through two-year slowdown in VIP numbers, brought about by the sharp decline in the number of Chinese high-rollers following the mainland’s anti-corruption crackdown. According to Nomura, Genting is now pinning…

Disinflation to persist in 2015 on back of much lower transportation, housing costs

Singapore will see persistent disinflation in 2015, on back of a large decline in transportation costs and the gradual correction of housing prices. According to Deutsche Bank, average inflation will hover between 1% to zero percent in 2015,…

Fire sale alert: Home prices to plunge 10% as developers struggle to clear over 12k units in 2015

Developers will be the first to blink in the battle for lower residential property prices. According to Macquarie Research, private home prices will plunge by as much as 10% next year as developers struggle to clear and increasing…

Sheng Siong pressured to open Tampines Central store by Chinese New Year

Sheng Siong has reached a total number of 34 stores in Singapore, with its new 4.0k store in the Penjuru area that is targeted at residing foreign workers. According to a report by OCBC, SSG also met with…

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