Daily Archives: July 1, 2015 (26 Articles Found)

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Tender deadline pushed back for Choa Chu Kang EC plot

The tender deadline for EC plot at Choa Chu Kang Ave 5 has been pushed back due to a new condition imposed by HDB. In an amendment issued on June 15, HDB said that the development built on…

Lounge that can be used by all travellers opens in Changi Airport T1

Economy-class travellers can now enjoy the luxuries of airport lounges that are normally limited to business- and first-class flyers. Unlike most lounges, which are exclusive to business- and first-class travellers using certain airlines, a new lounge that was…

First phase of S$200m Downtown East redevelopment plan complete with opening of D’Resort

The first phase of NTUC’s S$200 million redevelopment plan has been completed with the opening of D’Resort @ Downtown East on Wed. The five-year plan was to update NTUC Club’s offerings to meet the changing social and lifestyle…

Office rents in CBD remain sluggish in Q2: DTZ

Average office rents in the CBD area in the second quarter of the year stayed flat quarter-on-quarter at S$10.85 psf, DTZ said on Wed. According to DTZ, the slowdown in rental growth was also a result of slower…

AHPETC submits FY2013 financial statements and report to MND

After “repeated reminders and a delay of 10 months”, AHPETC has finally submitted its FY 2013 audited financial statements and reports, MND said. In response to media queries, the ministry said the opposition WP-run AHPETC submitted the reports…

Daily Woodlands-Johor Baru shuttle train service commences

A shuttle train service between Woodlands in Singapore and Johor Baru (JB) in Malaysia opened on Wed to long queues, but it did not appear to ease traffic congestion on the Causeway. Long lines for the new KTMB…

More new plant species could emerge, thanks to Singapore herbarium

NParks announced the discovery of two new plant species in June, and experts say more species could emerge over the next few years. This is despite Singapore’s tropical flora already being one of the best researched in the…

Singapore home prices post longest losing streak since 2002

Singapore’s home prices dropped for a seventh consecutive quarter, the longest losing streak in 13 years, as tighter mortgage curbs cooled demand in Asia’s second-most expensive housing market. An index tracking private residential prices fell 0.9 percent in…

2nd commercial site released in Woodlands ‘faces office-space glut’

URA has released a commercial site in Woodlands Regional Centre from the Reserve List of the first half 2015 GLS programme, but analysts said the land parcel is not likely to be triggered for sale in the near…

New book explores history of Serangoon Gardens

It is famous for streets named after English towns by homesick soldiers of the Royal Air Force, and for houses with red zinc roofs that gave it the alternative name of ang sar lee (‘red zinc roofs’ in…

PropertyGuru appoints new Chairman, Directors

After closing the S$175 million investment by a strategic consortium comprising TPG, Emtek Group and Square Peg Capital in June, PropertyGuru announced Wed the appointment of four new Directors, including a new Chairman to the their board. TPG’s…

Queenstown site awarded to HY Realty

The HDB has awarded the residential site at Dundee Road to HY Realty Pte Ltd, after it submitted the highest bid of S$483.2 million. Launched for sale on 29 Apr, the 10,516.1 sqm site has a maximum GFA…

Quick takes: Private home prices in Singapore seen easing by 4-6% in 2015

Singapore’s private residential prices continued to slide in the second quarter of this year with a 0.9 per cent quarter-on-quarter drop, a seventh straight quarter of decline, the latest government flash estimates show. This followed a one per…

Rate of HDB resale price decline slows even further in Q2

Prices of resale HDB flats fell 0.4 per cent in Q2 2015 from Q1 2015, according to flash estimates released by HDB on Wed. This is the eighth straight quarter of price declines. But the 0.4 per cent…

Shoebox units lead non-landed home price slide in May

Prices of completed non-landed private homes in Singapore fell 0.6 per cent in May from Apr, according to the flash estimate for NUS SRPI. This has translated into a 1.6 per cent decline over the first five months…

Recipe for surviving the F&B industry

Singapore’s F&B industry might be a vibrant and thriving scene, but it is also famously fickle and competitive. New restaurants pop up every other week, but many also shut down. “When it comes to F&B, Singapore is the…

How to foot bill for Changi’s T5?

After setting out to build an airport terminal that is 10 times the size of Singapore’s largest shopping mall, stakeholders are looking at ways to fund it. There is no way that Changi Airport Group (CAG) can pay…

IDA tunes in to calls for 4G benchmarks

No benchmark for indoor 4G coverage has been set yet, as the authorities are still mulling over what the standards should be. But such standards will likely take reference from current 3G requirements, which stipulate that at least…

Conditions for 2nd Woodlands Square commercial site unveiled

A number of conditions were unveiled on Tues for the development of a second commercial site in Woodlands Square, which is open for application under the Reserve List of the GLS programme. URA has stipulated that the Woodlands…

Bishan to CBD on a bicycle?

Cyclists may be able to ride from Bishan-Ang Mo Kio Park to Gardens by the Bay, and then into CBD in future – without having to get off their bicycles at all. URA plans to study whether the…

Private residential property prices continue to slide

The overall private residential property index fell for a seventh straight quarter, with prices down by 0.9 per cent in the Apr to June period, compared to the 1 per cent decline in the previous quarter, according to…

Pulau Ubin residents concerned with firefighting measures following blaze

Pulau Ubin residents have voiced concerns, following a blaze on the island last week which took three hours to extinguish. On Wed, a fire broke out at a bike trail at around 9.15pm, but firefighters got to the…

E-scooter enthusiasts push for regulations

A public consultation exercise will be held in July, on the use of bicycles and other personal mobility devices such as electric kick scooters or e-scooters. It was announced during the Committee of Supply Debate in Parliament earlier…

Mix of heritage and luxury

Six years ago, action movie actor Jet Li brought a whiff of star power to the quiet Good Class Bungalow neighbourhood located off Bukit Timah Road when he purchased a house on Binjai Rise for $19.8 million ($871…

Residential property market’s resilience

Singapore’s private residential property market has been the subject of much gloom and doom headlines over the past few years. Analysts have scrambled to forecast the imminent collapse of property prices, with some advocating for price falls of…

OUE Commercial Trust unveils ambitious plans for underperforming One Raffles Place

OUE Commercial Trust is bent on changing things after acquiring an indirect interest in One Raffles Place. According to CIMB, OUECT’s management is set on improving earnings from the property which currently has a net property income (NPI)…

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