Daily Archives: January 22, 2015 (21 Articles Found)

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FAQs on the proposed Liquor Control Bill

The Liquor Control (Supply and Consumption) Bill, which was introduced in Parliament on Mon, has garnered wide-ranging reactions with some expressing support for the Bill, while others criticised it. Under the Bill, people will not be allowed to…

Any checks on bidders for construction projects?

Disruptions to construction projects, as a result of contractors running into financial problems, need to be addressed quickly (“Braddell Rd project hits bump as work comes to a halt”; Tues). If Hexagroup, the contractor behind the project to…

Too many near-misses from items falling off trucks

A traffic accident on Malaysia’s North-South Expressway caused by a stray wheel that came off a trailer killed eight people last week (“Stray wheel causes fatal crash, but penalty is just $110”; Sun). In Singapore, one can often…

Self-interest in the way of revitalising Holland Village mall

Mr Alan Ng, chairman of the Holland Road Shopping Centre’s MCST, hit the nail on the head when he said unit owners want to look after only their own interests (“Holland Village mall acts to inject fresh verve”;…

Late for concert owing to severe MBS gridlock

Last Fri, I drove to Marina Bay Sands (MBS) to attend Michael Buble’s concert. The show was to start at 8pm. As I received a traffic advisory from MBS warning of large crowds due to multiple events happening…

Braddell Rd project hits bump as work comes to a halt

A $29 million project to widen Braddell Road has ground to a halt, with yet another contractor said to be facing financial problems. Home-grown Hexagroup clinched the contract to widen the stretch of Braddell Road between Toa Payoh…

Chan Chun Sing: Singapore must not let guard down at key security sites

The Republic must maintain vigilance and readiness at a time when security is “volatile in different parts of the world”, Second Minister for Defence Chan Chun Sing said during a visit to Jurong Island on Thurs. The nation’s…

Woman arrested for suspected involvement in vandalising police camera at HDB blk

A 25-year-old woman was arrested for allegedly vandalising a police camera at Blk 105 in Jalan Bukit Merah. A member of the public filed a police report on Wed at 3am regarding the vandalised camera. Following investigations, officers…

More rental data to help track market rates

Detailed numbers on rent rates in the retail, industrial and office segments will be made available this week, in a move to improve transparency for businesses. The data for periods ranging from the first quarter of 2012 to…

URA may step up action against short-term stays

URA is considering beefing up enforcement against unauthorised uses of private homes. Possibilities include acquiring powers to enter premises using force, and requiring suspected offenders to give statements and produce the necessary documents for investigation purposes. The move…

More property agents leaving, fewer joining the industry

The ongoing property downturn is forcing more real estate agents in Singapore to leave the industry, while fewer people are deciding to get licensed as agents, revealed data published on Thurs by CEA. There are a total of…

Farrer Road condominium goes en bloc

The Wilshire, a 30-year-old condominium along Farrer Road has been launched for collective sale at a reserve price of $95 million, revealed marketing agent Savills. Comprising 20 units, the freehold property is situated on an elevated site measuring…

70% of Highline Residences unsold

In 2014, Keppel Land sold 304 units, mainly from Highline Residences. The condominium project in Tiong Bahru sold 148 of total 500 units, or about 30 percent, as at end-2014, its developer said yesterday. Keppel Land CEO Ang…

Oxley appoints new contractor for Devonshire Residences

Singapore property developer Oxley Holdings has terminated the main contract for the construction of its freehold condominium project, Devonshire Residences. With effect from 6 Jan, the termination of the contract comes after Admin Construction, the project’s main contractor,…

More cash into real estate in 2015

Investors’ allocation to global real estate continues to grow, and in 2015 there will be an estimated influx of capital amounting to US$58.5 billion, according to new research from the Asian Association for Investors in Non-listed Real Estate…

Alcohol curbs a boon for drinking outlets

The restriction on retail sales of alcohol will serve the interests of drinking establishments rather than the general public, as these licensed operators will become consumers’ only avenue to have a drink if the latter have not stocked…

National Gallery S’pore, UOB announce partnership

With the National Gallery Singapore set to open in Nov, another financial institution has come on board as a sponsor. The museum announced today its partnership with UOB Group, which will receive naming rights for the SEA Gallery…

Bus contracting model to prompt relook at fare review formula

The overhaul of the bus industry would require the fare review formula to be relooked, with PTC having to consider, among other things, whether to apply different sets of fares for a period of at least a few…

Increases expected as costs still weigh on operators, say experts

Concession schemes will buffer many from the fare increase announced yesterday, but those left in the cold hope to see a reprieve in coming years. Experts, however, felt the latest hike is expected, given that bus and train…

JTC improves industrial property indices to better reflect market landscape

JTC has revised the methodology it used to compile price and rental indices for industrial property in Singapore, in a move to provide more comprehensive data coverage and introduce greater transparency into the market. The revisions include expanding…

New kids on the block: Aggressive tech firms snap up more prime offices as banks downsize

Gone are the days when banks ruled the CBD. Technology, media, and telecommunications (TMT) firms are pushing banks out of their former turf, as more banks choose to downsize to remain profitable. Analysts note that more TMT companies…

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