Daily Archives: May 28, 2015 (32 Articles Found)

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Speed ‘the number one killer’ in urban areas: Road safety expert

For modern, densely-populated urban cities like Singapore, the challenge when it comes managing urban transport is how to improve the safety of vulnerable road users such as cyclists, pedestrians and motorcyclists, who are competing to use the same…

Strong demand even as singles get more BTO flats

Singles continue to home in on new HDB flats, as more units are set aside for them during the latest sales exercise. In Punggol and Sembawang respectively, there were 2.1 and 1.4 applicants for each two-room BTO unit…

How her ‘kampung’ changed, and she along with it

In 1965, Ms Tan Jee Wah’s parents moved into a three-room flat in Queenstown. It was a momentous occasion because the flat in Blk 63, Commonwealth Drive was the first home they owned. “Both my parents are gone.…

OrangeTee names 34 projects with rental yields over 4 per cent

Average rents may be falling, but there are still bright spots with high yields. Real estate firm OrangeTee has named 34 residential projects with gross rental yields over 4 per cent. Gross yield is the annual rental income…

Top 4 reasons why people cancel their HDB flat applications

You know, when more than 80% of Singapore’s population lives in some kind of HDB flat, you would expect that everyone who applied for one would get one. But for the past few years, it seems, about 3%…

Ex-chief of HSR buying real estate firm for $1

The proposed sale of HSR Intl Realtors to the chairman of Century 21 Singapore has fallen through, and another buyer has emerged for the real estate agency. HSR founder and former CEO Patrick Liew is paying a nominal…

Merger of real estate agencies underway

A merger of three real estate agencies in Singapore, Global Property Strategic Alliance (GPS Alliance), MORE Property and Trillion Property is said to be underway, and three other agencies could possibly join in the union. If all six…

Singapore property: A patchwork quilt of market rental yields

In the era of Cooling Measures, sales transactions in the Singapore property market are becoming more of a rarity. The action is in rentals, at least in terms of the number of deals. According to SRX Property, rental…

Prices of completed apartments, condos in Singapore down 0.1% in Apr: NUS index

Prices of completed non-landed private homes in Singapore fell 0.1 per cent in Apr over Mar, according to NUS flash estimate released on Thurs. The sub-index for CCR (excluding small units of up to 506 sqft) fell 0.1…

Balance HDB flats in mature estates not heavily subscribed

HDB yesterday launched more than 9,000 new flats in a joint BTO and Sale of Balance Flats (SBF) exercise, the biggest so far. Home buyers seeking flats in the popular mature estates may be glad to know that…

More cameras to nab high-rise litterbugs

Throw litter like tissue paper and cigarette butts out of your flat’s window and you may be nabbed on camera. NEA has been ramping up its use of electronic eyes to catch high-rise litterbugs. Now, it wants to…

Local club cannot use Ku De Ta name: Court

The days of swish club Ku De Ta operating under that name at MBS SkyPark may be numbered. One of the biggest nightclub draws here, the 57th-floor bar on top of MBS has two weeks to undertake to…

Keppel DC REIT acquires Sydney data centre for $45 million

Keppel DC REIT has acquired the shell and core building Intellicenter 2 (IC2) of Macquarie Telecom in Sydney for an estimated A$43.3 million (S$45.87 million), its maiden acquisition five months after its listing. The IC2 is a carrier-neutral…

Residents at mercy of errant developers

I agree with Ms Pearlyn Lee Mei Chun (“Home buyers need more protection”; last Fri). I received the keys to my EC last year, and was appalled to find the estate very much a construction site. There was…

High land prices to blame for high property prices

Mr David Goh Chee Hoe blamed the increase in property prices on an increased population, low interest rate and lack of government measures to curb residents from buying multiple properties (“Property investment won’t narrow income gap”; last Thurs).…

Property can also be unpredictable

Buying property is merely one investment tool (“Property investment won’t narrow income gap” by Mr David Goh Chee Hoe; last Thurs). Investing in property still has potential unpredictable risks. Property investors should do their due calculations, and draw…

Unsightly stickers plastered on door

I face the same problems and frustrations as Mr Raymond Anthony Fernando (“Stop property flier litter at flats”; Mon). Besides fliers, stickers are also plastered to my front door, grille and doorbell. These stickers are unsightly, unsolicited, and…

Allow grace period for visiting vehicles

At some HDB carparks, visitor vehicles are not allowed to enter once the visitor spots are all taken. It is common to see a long queue of vehicles forming outside such carparks. This causes traffic congestion and inconvenience…

Longer free-parking hours can boost family bonding

It is good that family time and family ties remain a priority for many Singaporeans (“Family ties – good; family time – not so good”; yesterday). Nevertheless, much more needs to be done, as our infrastructure to support…

Mobile app to explore S’pore landmarks via augmented reality

You can soon explore some of Singapore’s most iconic landmarks using an advanced mobile application. Launched by Samsung today, Culture Explorer is a free android app which allows users to learn more about heritage sites through augmented reality,…

S’pore needs to up productivity to keep leading port hub status

While the new sea routes are still far from implementation because of the many hurdles and challenges they face, their emergence are some of the “longer term game changers” that Singapore has to respond to, said CEO of…

Five mega child care centres to open by end-2016

Jurong West, Punggol, Sengkang, Woodlands and Yishun have been selected as locations for the new mega childcare centres, which can house 300 to 500 children each. The centres will be built on undeveloped state land in the above…

Permanent closure of section of Jalan Satu between Cassia Link and Mountbatten CC

The section of Jalan Satu between Cassia Link and Mountbatten CC will be permanently closed to traffic from June 2, HDB said today. The road closure is to facilitate the construction of a new segment of Jalan Satu…

Action should be taken over AHPETC’s ‘egregious conduct’: Shanmugam

The High Court judgment on AHPETC underscores the fact that the “egregious conduct” of the WP-run town council should be acted on, said Law and Foreign Affairs Minister K Shanmugam today. Mr Shanmugam, who also stood by his…

Trivelis developer offers residents goodwill package

Embattled developer EL Development (ELD) of the Trivelis DBSS project yesterday announced the details of a goodwill package to address issues raised by residents, including monetary compensation as an option for owners of four-room units who were affected…

Residents forced to clean common areas query AHPETC collection of S&CC charges

For more than seven months, the residents and the developer of a DBSS project at Upper Serangoon Road had to clean and maintain the common areas themselves, because of an impasse involving AHPETC and HDB over maintenance documents.…

Developer did maintenance work meant to be handled by AHPETC

We refer to Ms Julia Ng’s letter “Stricter enforcement, checks needed to ensure quality flats” (May 20). Under Section 18(1) of the Town Councils Act, town councils are required to manage and maintain common property in public housing…

To cut costs, install solar panels around reservoirs

I refer to the report “Bugis Junction installs 1,000sqm of solar panels” (May 26). I hope the Government will consider using the land surrounding the reservoirs to install solar panels and gather solar power in a bigger way…

Physical stores here to stay despite e-commerce’s meteoric rise

Singaporeans will continue to frequent physical stores despite online shopping’s rising popularity. A report by Flipit revealed that on average, only 4% of household spending is done online in Singapore. “E-commerce figures are on the rise, but this…

High-end homes finally headed for a rebound after sharp price tumble

The high-end property market may finally be in for a rebound after suffering steep price cuts in the past two years. Barclays analyst Tricia Song noted that high-end home prices have declined by 24% from their peak in…

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