Daily Archives: March 4, 2015 (24 Articles Found)

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Train disruptions: SMRT faces several constraints, says analyst

Two disruptions brought SMRT trains to a stop on Tues, bringing the number to five in the space of just one week. While commuters and LTA have expressed dissatisfaction, one analyst has said SMRT faces several constraints. Professor…

Singapore’s transport costs almost three times costlier than New York’s: EIU

The cost of commuting or driving in the Big Apple are nothing compared to Lion City’s exorbitant transport costs. The complex COE system is the main culprit behind Singapore’s high cost of living, the Economist Intelligence Unit (EIU)…

Sentosa Cove bungalow ‘sold for $22m’, 1st sale of landed home this year

Fruit and veggie tycoon Lim Chin Huat is believed to have sold a $22 million bungalow in Sentosa Cove last month in what is the first sale of a landed home on the island this year. The apparent…

Singapore is top Asian city for quality of life: survey

Despite its status as the most expensive city in the world for the second year in a row, Singapore has been ranked the top Asian city for quality of living, according to the Mercer 2015 Quality of Living…

Luxury apartment sales, prices continue downward spiral

Sales of luxury apartments in Singapore are still dropping with a total of 136 caveats lodged last year, 44 percent down from the 243 caveats in 2013, revealed CBRE. The property consultancy tracked deals of above $5 million…

What a property index is – and isn’t

Market rumblings have of late been heard each time a key residential price index is published. When URA’s revised index showed a 1.1 per cent drop in overall private home prices for the first quarter of this year,…

Changi Airport: What to look forward to in the next decade

Travellers and visitors have plenty to look forward to as Changi Airport continues to expand and improve its services and facilities to stay ahead of rivals in the region.

Changi’s T5 to be bigger than 3 current terminals combined

Changi Airport’s new mega passenger terminal will be bigger and even more ambitious than indicated earlier. Terminal 5 is likely to comprise a main facility linked to one or more satellite terminals via an underground rail link. ST…

Fish farms may move from Changi after mass deaths

After a plankton bloom at the weekend wiped out almost all their stocks of fish, some farmers in Changi are looking at moving to sites with stronger tide conditions. Others told ST they planned to invest in more…

James Cook University eyes bigger pool of students after move to new campus

The Singapore campus of Australia’s James Cook University (JCU), which started moving to its new campus in Sims Drive in Aljunied last week, aims to grow its student number from the current 3,700 to 5,000 by the end…

Packed trains a safety hazard

I could not agree more with the points raised by Mr Han Jiajing (“Shorten interval times of peak-hour trains”; Mon). Before the fare increases were given approval to be raised, one would have expected train services to have…

Ahistorical to build replica of ancient palace

While I agree with Mr Edwin Pang that it is important for Singaporeans to understand our country’s pre-colonial past, I disagree that the Government has not done enough to promote public awareness of this historical period (“Complete S’pore…

Old Singapore not a sleepy village

Based on my research, Singapore was not a sleepy village before the arrival of Sir Stamford Raffles in 1819. The oldest recorded map of Singapore, created by Joannes Theodore de Bry and dated 1607, depicts a naval battle…

Barricades to be set up around statues, landmarks along Singapore River

URA is erecting barricades and hoardings around several statues and landmarks along the Singapore River, to protect them from construction works. This comes as the URA carries out enhancement works at the Civic District to create an integrated…

Important to ensure Singapore does not end up becoming a ‘luxury’ city: Irene Ng

Even as Singapore becomes more cosmopolitan, it is important to ensure that it does not end up becoming a luxury or a generic city that is no different from other cities or countries. MP for Tampines GRC Irene…

Expand public spaces to allow more interaction among Singaporeans: Seah Kian Peng

Public spaces should be well-funded and well-thought out for all Singaporeans to interact, said MP for Marine Parade GRC Seah Kian Peng. Speaking in Parliament on Wed, Mr Seah said public spaces such as hawker centres could be…

Technology helps banks engage clients beyond physical branch

Technology is helping to level the playing field between foreign and local banks in Singapore. Industry experts say the digital platform enables banks to engage their customers beyond the physical branch. Still, banks recognise the importance of maintaining…

Will CDL be able to pull off new growth strategy?

City Developments Ltd (CDL) executive chairman Kwek Leng Beng is not one who is shy to express his views. Back in 2006/2007, he had stated that the group wanted to be a pure real estate company. “We don’t…

Industrial building next to Bendemeer Station fetches $88m

A company linked to the Lee family that founded OCBC has sold a plum light industrial building next to the upcoming Bendemeer MRT Station on the Downtown Line, for S$88 million. The building bears the name of the…

Private resale prices fall further

Resale prices of private homes continued to cool in Jan, falling at their fastest pace in at least two years. Experts say the lack of buying activity leading up to the end-of-year festive season may have spilled over…

S’pore still most expensive city for expats

The Republic has emerged as the world’s most expensive city for the second year running, in the latest Worldwide Cost of Living 2015 survey findings released by the Economist Intelligence Unit (EIU) yesterday. The latest report, which is…

Lab test sheds further light on fish deaths

Laboratory tests of a seawater sample taken off Pasir Ris have zeroed in on the type of algae that wiped out massive quantities of farmed and wild fish in recent days. The species of algae behind the mass…

CapitaGreen to hit 85% occupancy rate by 1Q15

CapitaCommercial Trust is up for a good quarter, as more technology companies switch to Grade A office space. According to OSK-DMG, Apple Inc. is reported to have signed a lease for two floors in CapitaGreen (spanning a total…

Residential developers hit with massive impairment charges on back of sales dearth

Some of Singapore’s largest property developers booked large impairment charges in the fourth quarter, due mainly to the prevailing weakness in the residential property market. According to Maybank Kim Eng, most developers’ earnings fell short during the quarter.…

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