Daily Archives: March 31, 2015 (35 Articles Found)

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Shops brace for alcohol law to kick in

Early closure for Jurong East to Admiralty MRT stations lifted from Apr 1: SMRT

Train services between Admiralty and Jurong East stations will see later end times from Wed as the North-South Line sleeper replacement project is almost complete, SMRT announced on Tues. According to SMRT, the last north-bound train from Admiralty,…

Nothing to stop bank from raising loan margins?

In June 2010, I took a mortgage that was marketed and signed as having the Sibor plus 0.65 per cent as the interest rate throughout the loan tenure. This month, I received a letter stating that Citibank is…

Do property prices always recover to go up higher?

Recently, there are reports on units in high-end condominium projects being sold at a big loss. As property buyers, we hear too often from developers and property agents that property prices will always go up in the long…

Lend Lease top bidder for Paya Lebar Central site

Six bids have been received for a 99-year leasehold mixed-use site in Paya Lebar Central. The top bid of S$1.67 billion or S$942.56 psf ppr came from entities linked to Australia’s Lend Lease group. A consortium comprising Keppel…

House of antiques

As a child, Kelvin Pow remembers his grandfather making him clean the intricate carving on a peranakan settee in their shophouse in Katong with a toothbrush. It was a Chinese New Year ritual and truth be told, he…

Abbott opens $33m nutrition R&D plant

Global healthcare firm Abbott has opened its first nutrition pilot plant in Asia here, a US$24 million (S$33 million) investment which will also serve as the group’s second R&D hub outside the US. Aside from enabling the firm…

Sturdee Road residential site awarded to SL Capital

URA has awarded the tender for the residential site at Sturdee Road to SL Capital. SL Capital submitted a bid of $181.2m, which translates to $8,470.34 per sqm. The land parcel has a 99-year lease term and was…

Tampines Industrial Drive site up for sale by public tender

JTC on Tues offered a 0.57-hectare site at Tampines Industrial Drive (Plot 4) for sale by public tender, under the first half 2015 IGLS programme. The confirmed list site is zoned for Business-2 development, meant for heavier and…

MHA clarifies liquor rules ahead of ban kicking in tomorrow

Those who have applied for a barbecue permit from NParks for barbeques in national parks here will be allowed to consume alcohol after 10.30pm, even after the new liquor laws take effect tomorrow, MHA clarified today, In a…

URA to get four new board members

Four new members will be appointed to URA board with effect from 1 Apr 201. The four appointees are Khew Sin Khoon president and CEO CPG Corporation, Chew Men Leong CEO Land Transport Authority, Brenda Yeoh Saw Ai,…

GCB prices holding firm on limited supply

Despite the depleting sales of good class bungalows (GCBs) amid a depressed real estate market, prices of these ultra-luxury homes have held firm, according to ERA Realty. Between 2010 and 2014, GCB transactions fell from 80 units to…

A Jubilee Bridge tribute to Mr Lee

A new pedestrian bridge at Marina Bay now links Merlion Park to the waterfront promenade in front of Esplanade Theatres by the Bay. We had intended to open it for public access next month. But it was brought…

Lee Kuan Yew, truly the father of Changi airport

Changi Airport is today a strategic intl air hub, where more than 100 airlines connect Singapore to more than 300 cities across the world. With more than 480 “World’s Best Airport” awards from various quarters under its belt,…

Shops brace for alcohol law to kick in

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Shop owners are preparing for the new alcohol restrictions that kick in tomorrow night, when they will begin locking up fridges and covering bottles and cans. A law was passed in Janu to tackle the rise in alcohol-related…

Cars that auto-park, roads that supply power

Come rain or shine, Singapore’s roads will serve an extra purpose in the year 2065 by absorbing rainwater to prevent floods or by generating solar power for the nation. At exercise corners, fitness equipment will harness kinetic energy…

Former islanders ask to return to Pulau Sudong for a day

For about 150 former islanders from Pulau Sudong, their dying wish is to return to its sandy shores and breathe in the familiar salty air of the sea once again. These Singaporeans, who grew up on the island…

Who says Yishun is ‘ulu’

The cafes are always a sign. Call them the “coolness” litmus test of a neighbourhood. Once they start popping up, it is time to pay attention. In Yishun, the sleepy estate in the north of Singapore, several new…

Samsung Hub office floor sold at S$3,250 psf

The eighth floor of the 999-year leasehold Samsung Hub has been transacted at S$3,250 psf on strata area, totalling S$42.6 million. This reflects around 3.2 per cent net yield based on the monthly rental of slightly over $10…

Time to bin dirty old ways

A bold step is being taken by town councils in giving cleaners a day off every year so residents can clean their own neighbourhood. As “ridiculous” as is the size of a 70,000-strong cleaning brigade for a city…

Stricter rules in Geylang and Little India as alcohol laws kick in

Public drinking will be banned in Geylang and Little India from 7am on Sat to 7am Mon every week from Apr 1. The ban also applies from 7pm of the eve of a public holiday to 7am of…

Changes to Lease Buyback Scheme kick in on Apr 1

More elderly HDB flat owners will be able to sell part of their lease back to the Government for retirement income from Wed, Apr 1. Under previously-announced changes to the Lease Buyback Scheme, four-room flats will now be…

Questionable handling of complaint against estate agent

My recent experience with CEA, when I lodged a complaint against my property agent for dual representation, raises questions on whether or not the council also protects consumers from misconduct by estate agencies and their salesmen. I had…

Celebrate SG50 as planned, as tribute

I disagree with the call to scale back or tone down our SG50 celebrations on account of the death of former PM Lee Kuan Yew (“Rethink SG50 celebrations” by Mr Tang Fook Meng; last Thurs). Given the outpouring…

Mark SG50 with reflection and meaning

Our SG50 Jubilee celebration on Aug 9 has to be made memorable, not more pompous, to aptly celebrate Singapore’s success. It must be an occasion for national reflection of the whats and hows that got us to this…

Renaming of airports not uncommon

I disagree with Mr Ho Kong Loon on the problems of renaming Changi Airport after former PM Lee Kuan Yew (LKY) (“Renaming places not best way to honour legacy”; last Sat). I recently retired from the air transportation…

Shanghai’s colour-coded system points the way – Singapore could come up with a similar system

When it comes to signage at MRT stations, Singapore can learn something from Shanghai (“MRT station signs to be improved”; last Sat). Before I went to Shanghai, I had heard about the chaos of riding its subway system…

Help those with mobility issues during train disruptions

Rail service disruptions are especially worrying for elderly commuters who have mobility issues, like myself. Several MRT stations are located next to government hospitals. Many outpatients, including the elderly, those in wheelchairs, and those using walking sticks, use…

Fix irregular bus services

With Singapore having become a city for cars rather than people, the last thing we need is more cars (“Why Singapore still needs more cars”; Mar 20). What Singapore needs is to quickly improve public transport, as the…

Adjust costs of owning a car

It may be true that there are fewer car owners in Singapore, compared with cities like New York, Tokyo and London (“Why Singapore still needs more cars”; Mar 20). However, we still have roughly 550,000 to 600,000 private…

Quash casual use of cars

Senior transport correspondent Christopher Tan noted that many other cities have higher car ownership than Singapore but drivers there use their cars less and public transport more (“Why Singapore still needs more cars”; Mar 20). This is what…

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