Daily Archives: December 19, 2014 (25 Articles Found)

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Social crowd still drawn to Ann Siang Hill

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Good Class Bungalows Sold: 26. Value: $588m

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Public contracts keep construction up

Rat extermination at Bukit Batok may take longer than expected

The extermination of the rats in Bukit Batok may take longer than expected, said pest controllers on Fri. They had earlier predicted that the process would take a week, but it is likely to drag on because of…

SRA: Brick and mortar shops should consider going online

The Singapore Retailers Association (SRA) has called on brick and mortar shops to consider going online, especially with e-commerce on the rise. One store which already has an online presence is consumer electronics retailer Challenger. Like other businesses…

CapitaMall Trust Management names Jason Leow Juan Thong as director

CapitaMall Trust Management announced the appointment of Jason Leow Juan Thong as non-executive non-independent director. effective 22 Dec 2014. Mr Leow, 48, will also be a member of the Executive Committee, Corporate Disclosure Committee and Investment Committee. He…

Unmasking the five myths of property tax

On Dec 5, IRAS announced the reduction of property tax for HDB flats in 2015. Three days later, there was an article “Property Tax cut for one in four private home owners” in ST. A week after their…

A Smart way to help wheelchair users, carers

Like most Singaporeans, I am thrilled by the vision the PM outlined at the launch of the Smart Nation initiative. It will take a quantum leap to realise all the possibilities, such as using phones to switch on/off…

Bukit Batok rat problem started with the dogs

I refer to the report “Rats infest mound near Bukit Batok MRT Station”. The rats are the result of not solving the dog problem. When I moved into the blk overlooking the MRT station and the mound two…

Fire-safety features of Sentosa monorail

We assure the public that the Sentosa Express is a safe monorail system designed with features that meet the stringent regulatory standards for railways in Japan (“What if fire broke out on Sentosa monorail”; Tues). Our monorail system…

Redhill carpark needs lifts

The parking spaces set aside for non-residents at the multi-storey carpark (Blk 88A) near the Redhill food centre are on the higher levels, while the lower-level spaces are reserved for residents. There are no lifts at this carpark,…

Thumbs down for coupon parking at Newton Food Centre

Newton Food Centre is an icon and a must-go eating place for visitors to Singapore. Hence, I wonder why its carpark has still not been automated. The coupon parking system spoils the dining experience. If diners cannot find…

Common rodent pests found in Singapore and what to do when you see them

Rats have become a talking point following frequent sightings of them at a grassy slope near the Bukit Batok MRT station. The pest busters called in on Thurs morning have started laying rat poison and traps in the…

Top 10 most expensive good class bungalows sold in Singapore in 2014

With a typical land size of 1,400 sqm (15,069 sqft) and up, good class bungalows (GCBs) are rare about 2,700 of them exist in 39 estates. No wonder then that while demand for other types of residential properties…

Keppel Land to acquire 75% stake in retail management company Array Real Estate

Mainboard-listed Keppel Land has agreed to enter into a joint venture with Hong Kong-based Array Holdings through the acquisition of a 75 per cent stake in Array Real Estate Pte Ltd (Array). The remaining 25 per cent stake…

Sunseap Leasing to power more homes in S’pore

After winning HDB’s largest solar leasing tender, Sunseap Leasing plans to take its solar power business to condominiums. If this gains traction, the company revealed its next target will be landed homes. Sunseap also has a deal with…

Property outlook for 2015

The private residential sector in Singapore will be interesting to watch in 2015, according to some analysts. Although transaction volume has been declining and prices have been softening, wealthy individual buyers and investors will be keeping an eye…

Social crowd still drawn to Ann Siang Hill

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They were once home to Chinese clan associations and private social clubs, and for decades, the rows of shophouses lining the streets of Ann Siang Hill would bustle with activity every night. Between the 1950s and 1970s, scores…

Good Class Bungalows Sold: 26. Value: $588m

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Demand for homes in Singapore may have fallen steeply this year but business has been humming in the GCB market. An analysis by CBRE showed that 26 GCBs have been sold this year with a total value of…

Public contracts keep construction up

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The strong pipeline of public infrastructure projects will help construction and civil engineering companies weather the decline in private works volume. This month alone, eight listed companies have won contracts for public transport, housing and school development. These…

Sanofi signs lease for 40,000 sqft office space at South Beach

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Pharmaceutical group Sanofi has inked a lease for about 40,000 sqft of office space at South Beach Tower, BT understands. Another tenant includes City Serviced Office, an offshoot of City Developments Ltd (CDL), which has a 50.1 per…

CEO of consortium developing project: South Beach Tower 80-90 per cent leased

South Beach Tower, with about 500,000 sqft NLA of office space, is currently 80-90 per cent leased and has achieved rents of S$9-S$12 psf a month, according to South Beach Consortium Pte Ltd CEO Aloysius Lee. “We are…

Greater rental retail transparency soon

Retailers and landlords can look forward to greater retail rental transparency after the details of the Fair Tenancy Consideration Framework are unveiled, probably this month. The framework will comprise three components: data transparency, education and awareness, and a…

ValueMax acquires new pawnshop for $5.86 mil

Pawnbroking chain, valueMax, has signed a Sales and Purchase agreement to acquire Kwong Hin Pawnshop Pte Ltd for S$5.86 million. The S$5.86 million amount includes the asset value of Kwong Hin Pawnshop’s loan book value and inventory as…

Blackstone can wait 5 years for Singapore property recovery

Blackstone Group LP, which is taking part in the refinancing of luxury Singapore properties, is prepared to wait as long as five years for a turnaround in residential prices to see higher returns on the transaction. Blackstone and…

Find out the 10 most expensive districts to rent an HDB flat in Singapore

There’s just a few more days left before the year ends, but lean times seem to stick around HDB landlords as rentals are likely to remain depressed. According to SRX Property Price Index for HDB Rentals, rents dipped…

Troubled cat cafe put up for sale

A cat cafe under investigation over the deaths of seven of its cats has not had its licence renewed and is being offered for sale by its owner. Cuddles Cat Cafe, which opened its doors in Orchard three…

PCRT shares to be suspended following buyout by parent

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Units of mainboard-listed Perennial China Retail Trust (PCRT) will be suspended from trading next week after a buyout exercise by its parent passed the 90 per cent mark. In Oct, developer Perennial Real Estate Holdings (PREH) made a…

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