Daily Archives: January 26, 2015 (33 Articles Found)

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What is the impact of population growth on property prices?

Here’s the burning question this article will try and answer: Will a 6.9 million population by 2030 support property prices or increase it exponentially? To answer it we will analyse the historical price indices of the Singapore private…

Short-term rentals a boon if properly regulated

Short-term home rental, or “peer-to-peer property rental”, is just one aspect of the sharing economy, based on the premise that unused value is wasted value. Such rentals are already popular and have proven to be a viable alternative…

Board’s ruling on safety grille in condo laudable

STB’s decision that “children’s safety must be paramount” when it ruled that an owner of a condominium unit can install a grille, even if it may affect the appearance of the building, was a pragmatic ruling that should…

Revamped park great for humans but not wildlife

I am happy to see the Government making an effort to bring nature to the people. The development of a large nature park in Mandai is a fine example of this. But I also view such developments with…

Sentiment among developers drops further in Q4, says NUS-Redas survey

Developer sentiment remains weak, according to the NUS-Redas RESI Survey for the fourth quarter of last year. It found that the Composite Sentiment Index, a derived indicator for the overall real estate market sentiment in Singapore, went down…

Hock Lian Seng wins LTA contract worth $137.4 million

The board of Directors of Hock Lian Seng Holdings said its wholly-owned subsidiary, Hock Lian Seng Infrastructure, has been awarded a contract from LTA to design and construct stabling at Gali Batu Depot. The contract sum is about…

Residents’ wish turns old interchange into community hub

When a bus interchange in Serangoon was moved and integrated with nex shopping mall, HDB wanted to convert the vacated spot into a retail and F&B space. But residents had for several years longed for three types of…

Virtual crowds for new transport reality

An intricate simulation of Singapore’s transport system is in the works, featuring millions of virtual commuters with individual travel plans. The model will aim to give a better understanding of how land use, transport demand and supply, and…

Architectural delight

Most architects would baulk at the thought of working on a theme park development. After all, fairytale castles, as pretty as they are, would hardly be considered Architecture with a capital “A”. Still, when Lim Koon Park of…

Prices of private homes down 4 per cent in 2014

2014 must have felt like a recession year for property players, with sales of private condos plunging to a fresh low since the global financial crisis in 2008 and overall prices of all private residential properties marking their…

Rats and roaches seen scurrying around Teck Ghee hawker centre

A netizen found herself dining with unwanted company when she spotted rats and cockroaches at a hawker centre in Teck Ghee. The woman, known as ST on STOMP, was having a late dinner at Teck Ghee Court Market…

AHPETC: Spike in reported S&CC arrears rate at WP-run town council due to ‘errors’

The S&CC arrears rate for households under Aljunied-Hougang-Punggol East Town Council (AHPETC) is 5.66 per cent as of Sept last year, said the town council. This figure refers to the number of households in the AHPETC estates in…

Rat activity found in false ceilings of 14 Marina Square food and drink stalls

More than one Marina Square tenant has grappled with rats scurrying around their premises, despite attempts to clear them out. Rodent activity has been detected in the false ceilings of 14 F&B establishments at the shopping mall and…

Smart Nation initiative set to change Singapore’s urban landscape

The relentless march of technological innovation has transformed the way we communicate. Soon it will change the urban landscape in Singapore. The next generation of buildings is set to become a lot smarter, thanks to the increasing convergence…

Larger chutes, bins can help prevent improper disposal

I refer to the report “More than 10,000 rodent burrows detected in just two months last year” (Jan 23). To prevent improper disposal of waste, HDB should redesign the common rubbish chute, as the size is too small…

First-aid post in increasingly popular Ubin long overdue

I refer to the report “NParks eyes first-aid facility on Pulau Ubin” (Jan 19). The idea of setting up a first-aid facility on the island is a timely move and should have been done long ago. Over the…

Allowing condo ‘cages’ could reduce value of property

I was disappointed with STB’s ruling against the MCST of 7 One North Residences, in favour of the family that wanted to install a grille in its condominium balcony for child safety (“Family wins case to install grille…

S’pore roads not meant to be cyclists’ playground

It was reported that a cycling fitness app, Strava, from US that allows riders to compete virtually has exploded in popularity here (“Cycling app Strava takes local riders by storm”; last Sat). The app is just encouraging more…

When one can’t hold one’s drink

With much mention lately of Liquor Control Zones, fines, arrests and alcohol curfews in public places, those who see such measures as “draconian” may need some assurance that Singapore is not headed towards a Prohibition era, a temperance…

JurongHealth Services to start operating from Ng Teng Fong General Hospital by July

JurongHealth Services will start operating from the new Ng Teng Fong General Hospital at Jurong East by July this year, said MOH and JurongHealth. Alexandra Hospital will then be closed for maintenance and renovation works. For a smooth…

Thousands attend consecration ceremony at historic Ceylon Road temple

Thousands of devotees and well-wishers thronged the 120-year-old Sri Senpaga Vinayagar Temple in Katong for its consecration ceremony today. Among them were former President S R Nathan, Emeritus Senior Minister Goh Chok Tong, Foreign Affairs and Law Minister…

Prinsep Link vandal gets 24 months and three strokes for series of offences

The ringleader of the Prinsep Link vandalism case was sentenced to a total of 24 months’ jail and three strokes of the cane on Mon. Freelance disc jockey Danial Ryan Salleh, 26, had pleaded guilty to vandalising a…

Teen in Toa Payoh graffiti case gets 15 months’ probation

A teen who was accused of abetting the rooftop vandalism of a Toa Payoh HDB blk was ordered to undergo 15 months’ probation on Mon. David William Graaskov, 18, had pleaded guilty to three of six charges, theft…

Analysts’ take on Keppel Corp’s offer to take Keppel Land private

Analysts recommended on Mon that Keppel Land shareholders accept parent company Keppel Corp’s buyout offer for the mainboard-listed property developer, but they were not as positive about what the takeover would mean for KepCorp. KepCorp will be paying…

KepLand shares jump 24% on privatisation offer as trading resumes

Shares of property developer Keppel Land and its parent company Keppel Corp both climbed on Mon morning when trading resumed after a three-day halt. KepLand jumped 24.4 per cent or 89 cents to $4.54 by 10am, while KepCorp…

Oversupply of ECs ‘hits sales, land bids’

An oversupply of EC projects is hitting unit sales and driving down land bids, according to analysts. R’ST Research noted that many new projects are in areas that already have an abundance of EC projects. Its research showed…

Christie’s property unit opens Singapore office

Global luxury realtor Christie’s Intl Real Estate officially opened an office in Singapore this month, located at Palais Renaissance in the heart of Orchard Road. Led by industry veteran Samuel Eyo and his team of experienced agents, Singapore-Christie’s…

Family wins case to install grille in condo balcony for child’s safety

STB has ruled in favour of a family who were twice refused permission to install a grille in the balcony of their 13th-level condominium unit after seeing their four-year-old daughter try to climb over it. It held that…

Prices of office space fare well in 2014

Commercial property prices were the only bright spot last year as the residential property market remained bogged down by cooling measures and tepid demand. Prices of office space picked up 2.4 per cent in the fourth quarter, improving…

Orchard Road rents tick up despite persistent retail headwinds

Intensifying retail headwinds did not dampen rental growth in the country’s most famous shopping district. Data from CBRE showed that prime retail rents in Orchard Road inched up by 1% year-on-year to $34.55 psf in Q4. Meanwhile, suburban…

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