Daily Archives: April 9, 2015 (24 Articles Found)

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S’pore traffic worse than NY but better than London

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$25m home off Adam Road for sale

Rise in incidents involving illegal storing of petroleum, flammable materials: SCDF

Incidents involving the illegal storing and transportation of petroleum and flammable materials have increased. According to SCDF’s statistics, there were 271 such cases in 2014, up from 195 in 2013. SCDF added that the hotpot restaurant where a…

S’pore traffic worse than NY but better than London

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Singapore has been ranked 38th out of 146 cities in a global list that it does not aspire to top. A global index measuring which cities have the worst traffic congestion during peak hours found that Singapore was…

Cooling measures likely to be eased end-2015: DBS

Home builders are optimistic that the government will soon ease Singapore’s hard-hitting property cooling measures. But experts from DBS reckon the authorities will likely tweak such policies at the end of 2015. This is because it is still…

Viva Industrial Trust secures Decathlon as Technopark@Chai Chee’s anchor tenant

Viva Industrial Trust (VIT) has secured its first retail anchor tenant, global sporting goods retailer Decathlon, for its asset enhancement initiative at Technopark@Chai Chee. This will be Decathlon’s first flagship store in Singapore and SEA. The chain store…

Ridout Rd site gets nearly 10 bids, Gallop Rd GCB to fetch S$25.8m

The tender for a 73,277 sqft freehold Good Class Bungalow (GCB) site at 35 Ridout Road closed on Wed and is said to have attracted close to 10 bids. Market watchers reckon the highest bid could be around…

Pop-up retail to fill the gap amid weaker leasing

Amid weaker leasing demand, retail space landlords are becoming more receptive to offering pop-up stores tenancies as short as two weeks to boost their occupancy levels. From a landlord’s perspective, pop-up stores can be a way to roll…

SBS and SMRT earn over S$1m in incentives for improving bus services

Public transport operators SMRT and SBS Transit have earned incentives of over S$1 million in total for making bus service improvements under the BSRF trial carried out last year. LTA said today that the trial which rewards operators…

HDB resale flat prices continue to fall

Prices of HDB resale flats continued to fall, with the latest report from SRX Property showing that there was a 0.8 per cent drop in prices last month compared to Feb. The decline was 0.8 per cent in…

Two-tier office rental market likely: Colliers

A two-tier office rental market may be ahead, said Colliers Intl in a report issued on Wed, as landlords of older buildings turn to better incentives or more competitive rents upon renewal in an attempt to retain tenants.…

$25m home off Adam Road for sale

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A freehold Good Class Bungalow (GCB) in Chee Hoon Ave has been put up for sale via a tender exercise that closes on May 20. The indicative value of the property is $25 million, which translates to $1,399…

Shopping mall rents to slide further over next year: Report

Rents at shopping malls in Singapore fell in the first quarter and will likely decline further over the next 12 months, hurt by falling visitor arrivals and weak retail sales, C&W said in a research report. It said…

Using property prices to guide climate change policies

In 2013, the Intergovernmental Panel on Climate Change reported that warming of the earth’s atmosphere and oceans is “unequivocal” and the dominant cause is human influence. Among the expected effects of rising atmospheric concentrations of greenhouse gases are…

GSH bullish about sale of office units in Raffles Place

As competition for buyers in the strata-titled office market heats up, developer GSH Corporation believes its first property development here will hold its own. GSH, wholly owned by Singapore tycoon and “popiah king” Sam Goi, is today selling…

Society should progress, but things like hawker centres should be retained

I refer to the letter “Build modern cafeterias, not hawker centres, in Singapore” (Apr 8). There have been hawker centres in Singapore, offering a wide variety of local food, since we were young. They are part of our…

Nearly 70 unauthorised dormitories discovered in Geylang in last four months

Nearly 70 unauthorised dormitories were discovered in Geylang in the last four months. SCDF had inspected 164 apartments and shophouses at Geylang since Dec last year. The checks uncovered 68 unauthorised dormitories that either did not have proper…

Singapore HeritageFest 2015 to feature more programmes over a stretch of five weekends

Members of the public will get to experience life in the 19th century along the Singapore River, which was colloquially referred to as the Belly of the Carp. Next month, about 30 actors will roam along the stretch…

Hotpot eatery in the soup over safety violation

A hotpot restaurant where a sudden fire left five diners burnt is now in trouble for illegally storing more than 200kg of petroleum and flammable materials on its premises. On Tues, SCDF inspected Chong Qing (Original) Steamboat in…

Sensor taps, flush valves: PUB replies

PUB thanks Mr Ramesh Kumar for his feedback (“Two ways to save water in public loos”; last Sat) and is heartened by his interest in the importance of water conservation. Public toilets are required to be fitted with…

Save water, but keep overall picture in mind

I disagree with Mr Ramesh Kumar that automatic flushing should be phased out (“Two ways to save water in public loos”; last Sat). We have to look at the overall benefit. If users do not flush after use,…

Implement grading system for toilets

I suggest a two-pronged, integrated approach to clean up our toilets. First, offer employment opportunities for those who are eligible to manage toilets. Offer them annual contracts or licences, renewable upon satisfactory performance. Give these gatekeepers a socially…

Constant reminders needed for a clean city

I was dismayed to see rolls of toilet paper strewn as well as dirty blood stains on the floors of a toilet in one of the shopping malls in Tampines recently. I fail to understand why it is…

Poor mobile cover along island fringe

I have been living in the Sembawang Straits Estate for the past 12 years. From Day 1, we have been experiencing extremely poor signal receptions on our mobile phones and, at times, no coverage at all. Whenever I…

Take a look at the rising average capital values for office property

Steady demand and improving rents in the office leasing market have contributed to the growing interest of institutional players, opportunistic private-equity investors, wealthy individuals and family offices; which in turn, provided support for prices. According to a report…

Should you get a property agent’s licence if you only plan to become a part-time agent?

Singaporeans are pretty risk-averse when it comes to quitting their safe jobs and striking it out on their own. Hence, it’s unsurprising that those rumours that real estate agents earn big bucks have resulted in lots of people…

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