Daily Archives: January 16, 2015 (34 Articles Found)

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Sluggish sales may dampen GDP growth

The local property market so popular with Singaporean and overseas investors in recent years now faces a serious slowdown according to Singapore’s URA, which has just reported the worst monthly sales figures since the global financial crisis six…

Singapore Sports Hub fiasco: The farce continues, without full accountability or proper governance

First, a sandy pitch. Then, a leaky roof. Sadly, the farce surrounding the Singapore Sports Hub has yet to fade away. We know how self-assessment can be an empty activity. But that didn’t stop the senior management of…

Should businesses be allowed to outbid faith groups for religious sites?

The church near your home, or the temple by your child’s school, may also be a house of death, in that it has a columbarium to hold the ashes of the dead. Chances are, many Singaporeans weren’t too…

Residents complain of rat infestation at Punggol Field

Punggol residents have expressed concern after numerous rat sightings near Blk 106A in Punggol Field. Residents said that the sightings had become more common recently and at least one was worried it may become as bad as the…

Jurong Port to install solar panels at cost of S$30 million

Jurong Port announced it will install solar panels on more than 95,000 sqm of warehouse roof space, which it touts would make it the largest port-based solar panel facility in the world. The system is expected to generate…

PM: Govt has drawn lessons from planning inadequacy

For a Government known for its foresight, the fact that it did not build up its infrastructure quickly enough in anticipation of a population growth driven mainly by an influx of foreign workers still gnaws on PM Lee…

One-stop cancer rehab centre to open in JEM

Launch of a one-stop centre for cancer rehabilitative services, announced by PM Lee Hsien Loong at the Singapore Cancer Society’s (SCS) 50th anniversary concert today. The 7,000 sqft centre in JEM shopping centre, which opens in Sept, will…

Prohibit smoking in the casinos

The letter, “Govt’s long-term goal is to prohibit smoking in all public areas” (Jan 5), stated that NEA has progressively expanded the list of areas under the Smoking (Prohibition in Certain Places) Act. More can be done to…

Tracing S’pore history in rare, old maps

In search of gold and spices several centuries ago, sea-weary travellers passed by a waterway and island referred to by a myriad of names. They ranged from Long Island (Pulau Panjang) to the Cape of Singapura (Cinca Pula),…

Hip cafes in Bedok North

What in the world is happening to my old kampung Bedok North? When did it become interesting? Cafes have been popping up in the area, among bird shops, coffee shops and salons you go to for an auntie…

Measures to improve signage, pedestrian flow at Eastpoint Mall

We thank Ms Tan Say Yin (“Fifth-level supermart not ideal”; Jan 3) and Mr Thiruppuran Kuperan (“Eastpoint Mall layout not shopper-friendly”; Tues) for their observations and apologise for the inconvenience they experienced at Eastpoint Mall. We assure shoppers…

Bulky waste collection service for landed homes

We thank Mr Lee Huan Chiang for his letter (“Help landed home owners dispose of bulky items”; Sun). The public waste collectors carry out daily collection of household waste from landed premises, for which residents pay a monthly…

Lightning protection system at Marina Barrage

PUB, thanks Mr Thomas Lee Chee Chee for his letter (“Lightning alerts at public pools”; Tues). Marina Barrage is protected from a direct lightning strike as it has a lightning protection system in place. In addition, there is…

Confined to home for 3 months because of broken-down lift

My elderly aunt lives in a fourth-floor apartment in a private condominium with only one lift serving her unit. Unfortunately, it has been broken down since mid-Nov and my aunt is confined to her home because she is…

Tweak rules to allow open prams on buses

Bus rules state that a child cannot be seated in a pram while on board a bus, even if he is strapped in. Instead, he must be carried and the pram has to be folded. If it is…

Perennial may take on asset manager role, could invest up to 30% stake in AXA Tower

Perennial Real Estate Holdings may take on the role of an asset manager and could invest up to a 30 per cent stake in AXA Tower. Responding to BT’ story published on Fri, Perennial said: “(The company) wishes…

Luxury properties double whammied with ABSD and dismal property market

Singapore’s property market has been painfully lifeless and cheerless in 2014. A report by OSK-DMG reveals that the high-end segment with units fetching more than $2,000 psf (median price) moved only 30 units or 7.4% of total Dec…

Lifeless property market to spill into 2015 upon full scale quantitative easing

The three-party Catch-22 situation amongst homebuyers, developers and authorities will persist in the coming year. According to a report by OSK-DMG, should the ECB launch a full scale quantitative easing programme at its next policy meeting on 22…

Singapore’s Centurion explores REIT listing for accommodation assets

Centurion Corp Ltd, which specialises in worker accommodation, is exploring the feasibility of listing some of these facilities as a REIT on SGX, it said on Fri. The Singapore company has 23,500 beds for workers across three of…

Perennial Real Estate-led group close to buying AXA Tower

Perennial Real Estate Holdings is said to be leading and syndicating a consortium that is close to inking a deal to buy AXA Tower, the 50- storey distinctive circular office building opposite Tanjong Pagar MRT Station from BlackRock.…

Soilbuild Reit manager to take dispute with JTC over rent to court

SB Reit Management, the manager of Soilbuild Business Space Reit, will be commencing proceedings in the High Court of Singapore regarding additional land rent payable to JTC, which amounts to some S$3.5 million per annum, it announced on…

5 most popular condos in Dec

Private property launches came to a standstill in Dec 2014 as developers chose to sell units from older developments to avoid a build-up in unsold units, according to analysts commenting on the residential statistics released by URA on…

Residential investment sales surge over 100% in Q4

Residential property investments in Singapore shot up 102 percent to $316 million in Q4 2014 from $156 million during the previous quarter, according to a DTZ report. In the fourth quarter, there were several major deals such as…

Singapore empty homes may climb to highest since 1998

Sam King had a pleasant surprise when the lease on his Singapore apartment came up for renewal late last year. For the first time in six years, King was able to negotiate a lower rent with his landlord.…

Poor new-home sales in Dec sum up placid 2014 market

Developers sold just 230 private homes in the lull festive-cum-vacation month of Dec down from the already-dismal 423 units moved the month before and marking a low not seen since early 2009 at the tail end of the…

Fitch sees Singapore home prices dipping 3% each in 2015, 2016

Fitch Ratings on Thurs said that Singapore property prices will likely continue to fall in 2015-2016 by around 3 per cent per annum for both public and private homes, which are highly correlated with each other. In tandem…

Singapore third most expensive market for construction in Asia

Singapore is the third most expensive market for construction in Asia, behind Hong Kong and Macau. Globally, the Republic is in 14th place, down five places on a list topped by Switzerland, Denmark and Hong Kong, in that…

New condo sales in 2014 bring little cheer

Developers in Singapore were denied any Christmas cheer, as the property market last year ended with a whimper amid the worst sales in six years. Just 230 new condominium units were sold last month, down from the 423…

Let’s learn from Zurich’s family-friendly public transport

I refer to the letter “Public buses are not child-friendly”. It is true that our public transport falls short of what exists in some countries. Take, for example, Zurich. All its trams have doors for pushchairs, which parents…

Enough home supply for up to 2030

Many property market participants remain in denial about the housing oversupply situation, with investors and real estate agents hoping that the outlook will improve while they ignore the growing difficulties in securing tenants amid stiff competition among landlords.…

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