Daily Archives: March 5, 2015 (27 Articles Found)

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Fuji Oil opens US$4m R&D centre in Singapore

AVA to work with farmers affected by fish deaths to recover and build up resilience

AVA will help fish farmers affected by the recent fish deaths to recover and restart their farms, it said in a statement. It is also working with external agencies and experts to explore solutions to minimise the impact…

Two arrested for vandalising property in Little India, Bugis areas

Two men, both aged 27, have been arrested for their suspected involvement in vandalising several properties in the Little India and Bugis areas. Police were alerted on Feb 18 to graffiti painted on the exterior wall of a…

S’pore office rents up in 2014, but still among APAC’s lowest

Singapore may be one of the most expensive countries in Asia for expatriates and locals alike, but office space rental is still significantly cheaper than Hong Kong’s. Singapore’s overall occupancy cost rose by 9.8 per cent last year…

Perfect storm: When cooling measures collide with urban planning

According to the EDB, Singapore’s aerospace industry has expanded at an average rate of over 10% per year since 1990, and the latest figures show employment of around 19,000 workers. The development of an aerospace hub in Seletar…

Rat sightings up: NEA will work with town councils on pest control, says Grace Fu

NEA will provide more assistance to town councils to enhance the Rat Attack Programme, Second Minister for Environment and Water Resources Grace Fu said in Parliament on Thurs. This will include engaging pest control operators to directly target…

Hotel room rates down 9% in 2014, but expected to rise this year

Intl travellers to Singapore last year were able to enjoy cheaper stays, as the average room rate fell by 9 per cent to S$239 compared with that in 2013, the latest Hotel Price Index released by booking site…

Fuji Oil opens US$4m R&D centre in Singapore

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Food manufacturing supplier, Fuji Oil, on Thurs officially opened its US$4 million Asia R&D Center in Singapore. The facility is dedicated to creating safe, tasty and healthy food products for Asian markets and is Fuji Oil’s first R&D…

Fees paid to AHPETC’s managing agent significantly higher than other town councils’ fees

AHPETC paid higher fees to its managing agent (MA) FM Solutions and Services (FMSS), compared to the fees other town councils paid to their MAs, with the difference amounting to S$1.6 million each year from 2014, according to…

9 months’ jail and three strokes’ caning for train vandals

The two Germans who trespassed into Bishan Depot last Nov and vandalised an SMRT train have been sentenced to nine months’ jail and three strokes’ caning each. Andreas Von Knorres, 22, and Elton Hinz, 21, were found guilty…

Luxury homes hardest hit but price dip could moderate this year

No matter how Singapore’s private residential sales data is diced, it would still show that price falls have been deepest at the highest end of the market, hurting luxury homeowners the most. But property consultants are unfazed by…

Apple heads for CapitaGreen with 35,000 sqft lease

Apple is on an expansion trail in Singapore. It is said to have inked a lease for 35,000 sqft of space spanning two floors at CapitaGreen along Market St, with options to take up even more space in…

DHL Express unveils new S$140 million Singapore logistics facility

DHL Express today unveiled a S$140 million facility in Singapore that will support trade and commerce across SEA. The DHL Express South Asia Hub, scheduled to be completed in the first quarter of next year, will feature the…

February HDB resale prices down 0.6%

Resale prices of HDB flats dipped in Feb by 0.6 per cent compared to Jan and bringing prices 5.7 per cent lower than a year ago. A flash report from SRX Property released this morning showed that falling…

Compensate commuters for repeated disruptions

I was one of those affected by the disruption of train services on Tues. This was not the first time and I doubt it will be the last. I read, in “SMRT says sorry for ‘unacceptable’ disruptions” (Mar…

Singapore is world’s fastest growing city for ultra-rich

Singapore is the fastest growing city in the world for ultra-high-net-worth individuals (UHNWIs), with an extra 1,752 people predicted to break the US$30 million mark between 2014 to 2024, revealed Knight Frank’s 2015 Wealth Report. Hong Kong, New…

2 in 3 S’poreans worry they can’t afford housing in old age

Two in three Singaporeans are worried about their living situation in their old age, according to results of PG’s latest Property Affordability Sentiment Index. Their top three biggest fears are the inability to pay for adequate housing, being…

S’pore luxury property values among world’s worst performing: report

The value of luxury residential property in Singapore dropped significantly in 2014, according to Knight Frank’s Prime Intl Residential Index (PIRI) which was published in the consultancy’s 2015 Wealth Report. The index tracks the change in price of…

Inquiry needed on MRT system

Both LTA and SMRT are now investigating the recent disruptions (“Steps taken to fix series of train disruptions: SMRT”; yesterday). But we know what the outcome will be: The incidents will be attributed to a “rail fault”, or…

Train disruptions: Time for novel punishments

The recent spate of MRT disruptions is unacceptable (“Steps taken to fix series of train disruptions: SMRT”; yesterday). However, the problems have only become increasingly frequent, despite harsher penalties. Clearly, monetary penalties are insufficient to “incentivise” the operator’s…

Model has broken down

While we all agree that the train disruptions are unacceptable, the question is what is being done about it (“Steps taken to fix series of train disruptions: SMRT”; yesterday). This is not the first time we have had…

Efforts to tackle pigeon problem

In response to feedback on the pigeon nuisance, AVA works with the relevant stakeholders, such as the town councils and NEA, to implement measures to mitigate the issue, including control measures to manage the pigeon population in the…

Do more to curb poaching

Last month, a friend and I witnessed a potential disaster that could have befallen a family of six otters. They were heading towards a huge fishing net that had been cast across a creek under a bridge by…

EC prices ‘may fall but not by a lot’, say experts

Home hunters hoping for big falls in EC prices will probably need to be more realistic. Experts expect prices to come under some downward pressure after recent low winning bids for EC sites by developers and weak sales…

Office REITs book sizeable revaluation gains in 2014

Office-focused REITs and developers with large office portfolios booked sizeable revaluation gains in 2014, data from Maybank Kim Eng showed. According to Maybank Kim Eng, three REITS reported total revaluation gains worth $391m, namely, Capital Commercial Trust with…

Oxley forms JV with Lian Beng to develop Tampines land parcel

Mainboard-listed firms Oxley Holdings and Lian Beng have inked a joint venture to develop a land parcel in Tampines. Oxley will hold a 49% stake in Goldprime Land, while Lian Beng will hold the remaining 51% stake. Goldprime…

Developers to inject more properties into REITs to drive growth

The property market should brace for a wave of capital recycling this year, with more developers expected to inject properties into REITs to drive growth. According to CIMB, the lack of accretive domestic third-party assets in Singapore could…

Keppel Land brings prime hedging chance a week before privatization deadline

The odds are in Keppel Corp’s favor one week away from the deadline of its privatization bid for Keppel Land. According to OCBC, there is a high chance that the privatization bid will succeed especially since the price…

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