Daily Archives: April 23, 2015 (26 Articles Found)
Hotels take action to boost tourist numbers
Five major hotel companies are taking matters into their own hands to boost the dwindling number of tourists here, and to protect their own rice bowls. The hotel groups and GTA a, firm that helps them sell their…
Key role of community hospitals
The opening of government-run community hospitals is not meant to nudge out voluntary welfare organisations that have long shaped this sector. The aim is to sharpen the current model of integrated care for patients in need of rehabilitation.…
Bus interchanges, terminal to be expanded
LTA is expanding two bus interchanges and a terminal which are approaching full capacity. It called a tender yesterday to add more space for buses at Upper East Coast Bus Terminal and the interchanges at Hougang Central and…
Mystery critters bug Bukit Batok by the thousand
Recently, countless black winged bugs have been swarming into three blks of flats in Bukit Batok every evening only to drop dead, leaving huge, creepy piles for the residents to clear and sparking fears that their bite might…
Sports Hub announces events to mark 1-year milestone
Sports Hub will celebrate its one year milestone with a slew of events, it announced on Thurs. Sports Hub’s inaugural Opening Season will kick off with this year’s SEA Games, which was last hosted in Singapore in 1993.…
Suburban hotels can appeal to corporates, budget travellers: Analysts
Genting Hotel Jurong is the latest among hotels that are sprouting up away from the city centre. While they are situated away from the tourist belt, analysts have said that these suburban hotels could appeal to a certain…
Increases in price, rental for industrial properties ‘slowed sharply’: JTC
Increases in the price and rental of industrial space have “slowed sharply”, according to data from JTC on Thurs. The slowdown follows the increase in supply of industrial land and space in recent years, and in tandem with…
MPA signs S$2.4b deal for Tuas Terminal Phase 1 work
MPA on Thurs signed a S$2.42 billion agreement with Dredging Intl Asia Pacific-Daelim Joint Venture for works on Tuas Terminal Phase 1. Under the agreement, the contractors will dredge the waters, construct the wharves and reclaim 294 hectares…
ERA to hold open house in May
Singapore’s biggest real estate agency ERA Realty will hold an open house on Tues, 5 May for the public at its Mountbatten Square headquarters. The full-day event from 10am to 8:30pm will target both aspiring and experienced agents…
Home sellers hold out for better prices
As property prices continue to slide, more home sellers are choosing to rent out their units first in the hope of fetching a better selling price once the residential market recovers. Private home prices have been decreasing since…
Luxury rents may drop 8-10%
The slowdown in demand for high-end homes has exacerbated the already weak leasing market, said a Colliers Intl report. In Q1 2015, the average monthly gross rent for luxury and super luxury apartments fell 2.2 percent quarter-on-quarter, following…
New museum showcases history of Indians in Singapore
Nestled in the heart of Little India, amid its busy streets and alleyways, is a new museum that houses ancient artefacts dating back to Indian empires of yore. The treasure trove of historic items includes a 5th century…
Offence for same agent to represent landlord and tenant
CEA regulates the real estate agencies industry by ensuring that estate agents and sales staff (commonly known as property agents) abide by the Estate Agents Act and adhere to a set of practice guidelines to safeguard consumer interests…
Big data could power on-demand public transport
The authorities are looking at piloting a public transportation service, which can be activated at the drop of a hat for deployment at places where demand for both taxis and buses heats up, IDA has revealed. It is…
Mystery critters bug Bukit Batok by the thousand
Recently, countless black winged bugs have been swarming into three blocks of flats in Bukit Batok every evening only to drop dead, leaving huge, creepy piles for the residents to clear and sparking fears that their bite might…
Improvements to infrastructure can help fulfil potential of transport apps
I read with interest the numerous ideas to improve commuter accessibility (“More than 180 take part in LTA youth hackathon”, Apr 20) presented at LTA’s recent Transport and You(th) Hackathon. While these transport apps have the potential to…
Pool closures: Protocol should not cloud common sense
I refer to the letter, “Relook lightning risk protocol at public swimming pool” (Apr 22). My dad is an avid swimmer and uses the pools in Jurong East or Jurong West every evening. He has likewise noticed that…
LTA to install more sensors to monitor tremors
Tremor monitoring systems will be installed at 18 transport structures across the island, more than treble the number already monitored by earthquake sensors. While Singapore has been quake-free so far, LTA explained that enhanced surveillance is required because…
Tang Holdings gives $1m to charity
Tang Holdings group has donated $1 million to charity to mark the 20th anniversary of its building Tang Plaza, which houses its offices as well as Marriott Hotel. The recipients of the donation are ST School Pocket Money…
Demolition of old shophouses to alter Transit Road
The area was once filled with the raucous sounds of soldiers having a good time as they spilled out of the bars along Transit Road. Though the British left in the early 70s, the New Zealand army stayed…
Holland Road freehold land at 10 cents psf? Read on…
Even keen market observers in property-obsessed Singapore might be surprised to learn that land in the prime Shenton Way district went for just $22 psf about 60 years ago. This and other interesting nuggets can be found in…
Price reductions flood Singapore’s residential market amid anaemic sales volume
The recent sharp increase in interest rates brought renewed affordability concerns to Singapore’s residential market. According to a report by Colliers Intl, the 818 units released by developers in OCR constituted 65.5% of island-wide launches while the 781…
Luxury property owners throw in the towel after extremely dismal Q1
A number of luxury homeowners who had been previously holding out for higher property prices had finally thrown in the towel in the first quarter of the year. A report by Colliers noted that a number of luxury…
Lim Teng Neng steps down as Transcorp Holdings director
Transcorp Holdings announced the resignation of Lim Teng Neng as non-executive director. Mr Lim, 60, was also a member of the Audit Committee and Renumeration Committee. He was appointed to the post on 21 Aug 2000.
Soilbuild REIT to raise $90m via private placement exercise
Soilbuild REIT has completed a private placement exercise in which 111.8m new units will be issued at a price of S$0.805 per unit. The issue price represents a 3.6% discount to its last closing price of S$0.835. Soilbuild…
Viva Industrial Trust Management names Tan Kim Seng as director
Viva Industrial Trust Management announced the appointment of Tan Kim Seng as non-executive director. Mr Tan, 66, is currently a director (since Apr 1989) and MD (since Jan 1991) at Kim Seng Holdings. He is also currently a…
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