Daily Archives: January 27, 2015 (33 Articles Found)

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Hotpot Culture lease under review

Hotpot Culture, the Marina Square restaurant at the centre of a rat controversy, is having its lease reviewed. This comes despite the restaurant saying it will increase pest control checks from once a month to once a week.…

Estimates Committee expresses concern over rising debt, financial risk

In its annual report, the Estimates Committee had expressed its concern with rising household debt and the increased financial risk Singaporeans and their families might face should there be an economic slowdown or increase in interest rates. Chaired…

Smart cities: What it takes to build a city

What goes into building a city and what does it take to build a city from the ground up? MD at PwC Capital Projects & Infrastructure, Keith Martin said on Tues (Jan 27): “The starting point of good…

National Stadium nominated for Stadium of the Year Award

The new National Stadium has been nominated for the Stadium of the Year Award, organised by two websites Stadiony.net and StadiumDB.com dedicated solely to sports stadiums. The project by Singapore Sports Hub is up against 32 others which…

Poll: Overwhelming support for liquor laws

Two days before the laws to restrict public (alcohol) drinking are due to be debated in Parliament, a poll released by Government feedback unit REACH showed overwhelming support for the proposed laws. Eighty-one per cent of 1,145 respondents…

Pioneer Generation artists honoured at tribute event

MCCY today paid homage to Singapore’s pioneer artists at the Victoria Theatre and Concert Hall. The Pioneer Generation Tribute event honoured artists, patrons, advocates and volunteers who have contributed to Singapore’s arts, heritage and culture as part of…

Daring to go big pays off for remisier

Once former engineer Charles Chua sets his mind on something, he goes for it and goes big. When he was retrenched in 2008, he grabbed the opportunity to pursue a life-long interest in investing and eventually became a…

JTC launches public tender for 0.8-hectare site in Tuas

JTC on Tues offered a land parcel in Tuas under the Industrial GLS programme. The 0.8-hectare (ha) site at Tuas South St 11, which is zoned for business development, will be available for sale by public tender. The…

Housing young offender

Young male drug offenders now have a dedicated centre to help them kick their addictive habits while carrying on with school or work outside. The Community Rehabilitation Centre (CRC), which provides a structured living environment for youths aged…

Fire at Serangoon North; woman sent to hospital

A fire broke out at a 10th storey flat in Serangoon North Ave 4 earlier today. SCDF spokesman said they received a call at about 1.25pm. The fire involved the contents of living room and was quickly extinguished…

Goat lanterns, gold coins at upcoming Chinatown festive street light-up

Chinatown will come alight this Sat with 338 goat-shaped lanterns in anticipation of the Chinese New Year celebrations. The display, which is organised by the Kreta Ayer-Kim Seng CCC, contains the largest number of zodiac-shaped lanterns to date,…

SRX: More HDB flats being transacted at or below valuation:

More HDB resale flats are being transacted at or below valuation. According to latest figures from SRX, about 8,500 HDB resale flats changed hands in 2014. In the fourth quarter of the year, 41.6 per cent were sold…

Helping seniors to utilise technology

While technology can be of great help to senior citizens, many do not know how to make the best use of it since they find it too complicated. At an engagement session involving about 60 seniors yesterday, five…

Keppel Land soars 25% on buyout plan

Keppel Land, the property arm of Keppel Corp, jumped the most in more than five years yesterday after its biggest shareholder offered as much as S$3.23 billion to buy shares it does not already own. Keppel Land gained…

Time to claim back public spaces from rowdy drinkers

The proposed ban on drinking in public after 10.30pm is pertinent and expedient, akin to banning smoking in certain places, albeit that the latter is for health reasons. (“The public drinking clampdown”; Talking Point) But alcohol intrudes into…

Next-generation 5G mobile developments being shaped in Singapore

Next-generation mobile services that enable, say, real-time mobilisation of autonomous excavators for rescue of nuclear explosion victims could be five years away from reality, with Singapore being a key part of their development. Such next-generation 5G services are…

Poor flow leads to traffic woes at Ngee Ann City

Last Sat, I was among many people in the queue at Ngee Ann City’s taxi stand who had to put up with blaring horns as motorists jostled with one another to exit the building. Taxi drivers who had…

Public updated with timely info during Paterson Road closure

We refer to the letters on the Paterson Road oil spill (“Could better coordination have helped?” by Mr Adrian Soh Mun Wai, “Query on police response” by Mr Edwin Feng and “Quick deployment of forces essential” by Mr…

Burning question over stuck fire engine

I was surprised that a fire engine got stuck at a tiled open area in front of VivoCity mall (“Fire engine needs rescuing”; last Tues). I wonder how such an incident could have happened, especially since SCDF personnel…

Lack of drying facilities in condos

In Singapore, we have sunshine practically the whole year round, so it is unnecessary to use dryers to dry clothes, if not for the fact that many new condominiums do not come with laundry drying areas. Many condo…

Raise CPF savings with 50-year leases

The fundamental problem with the current CPF scheme is that many people do not have sufficient savings for their retirement. The solution is not to tweak the amount that a person can withdraw upon retirement, but to restrict…

CapitalMalls Malaysia acquires Tropicana City Mall

CapitaMalls Malaysia Trust (CMMT) has inked a conditional sale and purchase agreement with Tropicana City Sdn Bhd for the acquisition of Tropicana City Mall as well as its office tower in Petaling Jaya for RM540 million. In 2013,…

HDB awards land parcel in Yishun

HDB has awarded the land parcel in Yishun to Northern Resi and Northern Retail at the tender price of $185.09 million yesterday. Located at the corner of Yishun Ave 4 and Yishun Ring Road, the 9,759.80 sqm site…

Eye on Tanjong Pagar: From shophouses to summits

While it is better known as part of the CBD, Tanjong Pagar is not without its private and public residential areas and other fascinating places of interest. The area generally centres around Neil Road, Maxwell Road, Peck Seah…

Novice property agents most affected by weak sales

Singapore’s ongoing sales drought has caused some new real estate agents to drop out of the industry. Notably, majority of the 3,959 salespersons who opted not to renew their licences in 2014 are new agents who have been…

Home prices unlikely to “collapse” as possible election looms

As Singapore looks to celebrate its 50th year of independence and with the end of 2015 or early 2016 shaping up as a potential election period, property prices are unlikely to crash, revealed a Credit Suisse report. Instead,…

Sales of repossessed units could rise by 33%

The numbers of borrowers who have defaulted their housing loans are growing amidst falling residential prices and a weak rental market stemming from the government’s curbs. In fact, 118 repossessed homes were auctioned by banks last year, about…

Unit owners sue management of 101 building

The owners of a pair of units in The 101 building on Beach Road are involved in a tangle of legal disputes with their property’s MCST and two of its council members. They are suing the MCST, council…

Several property firms ripe for privatisation

The property privatisation bandwagon is rolling again, with analysts keen to identify the next buyout candidate. Popular Holdings kicked off the latest round two weeks ago when it announced that it wanted to delist, citing a growing burden…

Which developers will benefit most from KepLand’s $3b buyout deal?

Keppel Corp’s $3b privatisation bid for Keppel Land will drive a wave of liquidity towards other listed property developers. Analysts note that investors are likely to redeploy their money into developers who have similar profiles to KepLand, such…

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