Daily Archives: July 15, 2015 (39 Articles Found)

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Admiralty CCC to review procedures to ensure lapses do not recur: Khaw Boon Wan

Findings highlighting several lapses at Admiralty CCC in the AGO’s Report are being taken seriously, said MPs for Sembawang GRC Khaw Boon Wan and Vikram Nair. Mr Khaw, who is also MND Minister, said Admiralty CCC fully cooperated…

NEA’s rodent control plan ‘could raise overall cost’

How NEA structures and manages its rodent surveillance and control programme has been criticised by AGO for potentially increasing the overall cost of licking the rat problems. The NEA required its contractor to destroy rodent burrows only in…

Singapore Zoo voted best in Asia in TripAdvisor poll

The Singapore Zoo is the best zoo in Asia, said travellers. Travel website TripAdvisor announced the results of its annual 2015 Travellers’ Choice awards for amusement parks, water parks, zoos and aquariums around the world today. The zoo…

HPL’s first acquisition: Crown jewel Hilton

Hilton Singapore was the maiden acquisition of Hotel Properties (HPL), the company co-founded by its MD, Mr Ong Beng Seng, now one of Singapore’s leading property tycoons. HPL, formed in January 1980 to buy the hotel for $72…

Reinventions are a Shaw thing

Shaw Lido has about as prime a spot as you can get in Singapore, the corner of Scotts and Orchard roads. Its pole position in Singapore’s dress circle is fitting really, as the Lido is the flagship cinema…

Graveyards made way for shopping belt

Meeting on Orchard Road for a meal or some window-shopping is a national pastime. Mr Tang Wee Sung remembers when the now-vibrant strip was a backwater. “There didn’t use to be too many buildings here. We were the…

Kwek Leng Beng sees area’s great potential

There are suggestions that Orchard Road has lost some shine but it remains the prime shopping district, location of choice for intl brands, and the top choice of residents, says Hong Leong Group executive chairman Kwek Leng Beng.…

The man who made shopping belt his own

Far East Organization founder Ng Teng Fong earned the epithet of “the King of Orchard Road” for a very good reason. Mr Ng, estimated by Forbes to have been Singapore’s richest man when he died in 2010 at…

Bringing back the buzz on Orchard Road

If there is one commodity you can find easily at Orchard Road these days, it’s the doldrums. Anywhere you look, someone is peddling a downbeat message. The latest came from property consultancy Cushman and Wakefield, which reported that…

Still the street with the richest pickings

The nutmeg and fruit orchards that gave Orchard Road its name have long gone but Singapore’s famed tree-lined retail strip continues to offer one of the world’s premier shopping experiences. Rivals like Marina Bay have emerged and suburban…

Who’s who of Orchard Road

Orchard Road got its name from the many nutmeg and fruit orchards that existed in the last century. The fruit orchards have now disappeared and in their place is a bustling, world-famous shopping street. Stroll along Orchard Road…

Punggol residents plagued by rainwater in flats and false fire alarms

When engineer Eric Loh woke up at about 2am on Tues, he was shocked to find rain water entering his four-room flat in Punggol, even though his windows were closed. He recalled: “It was raining very heavily and…

5 things about the Sisters’ Islands, Singapore’s first marine park

Singapore’s southern Sisters’ Islands, together with its surrounding waters, has been designated as the first ever marine park in the nation’s history. A new Sisters’ Islands Marine Park Public Gallery, on St John’s Island, was opened by President…

Lian Beng resignations: Bonus dispute key factor

A dispute over how executive directors’ bonuses were computed has led to the resignation of the only two independent directors of civil engineering and construction group Lian Beng. In past years, the company has worked out the performance…

Stubbing out smoking in Botanic Gardens

We thank Ms Rene Yap Bin Ping for sharing her concerns with us (“Smoke-free park”; July 7). The Singapore Botanic Gardens has been taking action to discourage smoking in the Gardens. Staff inform smokers that smoking is not…

Engineering smarts for MRT’s woes

The MRT system’s woes can be addressed with solid engineering practices. Robustness is the engineer’s way of measuring how resilient a system is to disturbances. At the most basic level, it starts with having safety margins built into…

Singapore: The smart little red dot

A casual observer looking at Singapore’s ultra-modern skyline, peppered with skyscrapers, is unlikely to think that commercial buildings are ideal for growing vegetables. But as a matter of fact, about 160 football pitches of commercial space – or…

Parking system: HDB replies

Carparks C17 and C20, mentioned by Mr Sebastian Yeo, are located within Clementi Town Centre, and see a high demand from both season parking ticket (SPT) holders and visitors (“Parking bottleneck needs unclogging”; July 7). To protect the…

GCB deals surge to $282m in Q2

The second quarter of this year saw a surge in the number and value of transactions in Good Class Bungalow Areas, to at least 11 deals totalling S$282.3 million, up from just four deals adding up to S$95.3…

Rate hike not always bad for office capital values

With the impending interest rate hike later this year, there has been much concern over the adverse impact on office capital values. Since the start of the Quantitative Easing (QE) by the US Federal Reserve in Dec 2008,…

No quick recovery for Singapore property market: seminar

As Singapore faces a “new normal” of slower growth and even stagnation risks, the property market is unlikely to stage a major rebound even if some cooling measures are relaxed now, market watchers said at a property seminar…

Evolving nature of industrial activities

The restructuring of industries across the world shifts from heavy industries to a focus on light industries such as information and telecommunication, knowledge industry and cloud computing. The definition of “industry” is changing. Production no longer simply meant…

New condo sales down 42% to 375 units in June

URA today said that developers sold 375 new private homes in June. This is down 41.6% from the 643 units sold in May and is also lower than the 482 units sold in June last year. Home-buying sentiment…

Accretive Bedok Mall acquisition is a new feather in CMT’s cap: analysts

CapitaLand Mall Trust’s proposed $783.1m acquisition of Bedok Mall will be accretive to its portfolio, according to analysts. CIMB analyst Tan Xuan said that the deal will increase the trust’s exposure to the lucrative necessity spending segment. “The…

What’s ailing Singapore’s massive department stores?

Some of Singapore’s largest department stores have run into hard times of late. Metro Holdings reported a loss in its new mall The Centrepoint during the fourth quarter of 2014, while major players like Dubai’s Al-Futtaim Group and…

Private condo rents dropped 0.5% in June

Rents for private non-landed residential properties dropped 0.5% in June, according to data released today by SRX Property. Rents for units in CCR and OCR declined by 0.8% and 0.7%, respectively, while rents for RCR properties were unchanged.…

CapitaLand divests Bedok Mall to CMT for $783.1m

CapitaLand today revealed that it is divesting Bedok Mall to CapitaLand Mall Trust (CMT) for a total consideration of $783.1m. CapitaLand will divest its entire unitholding interest of Brilliance Mall Trust, which owns Bedok Mall. Of the total…

Singapore’s grueling home price deadlock might finally be broken this year

It will be only a matter of time before home developers throw in the towel and surrender to the whims of cost-conscious property buyers. A report by UOB said that private home prices will fall by a further…

Fewer properties sold at auctions even as number of listings soar

Fewer properties were sold at auctions in the second quarter although the number of auction listings soared, according to a report by Knight Frank. Knight Frank noted that only 7 properties were successfully auctioned off in Q2, a…

‘Not practical’ to only consult affected blk when void decks are converted: Khaw

Input from residents in the neighbourhood, grassroots leaders and the local Advisor is used to help a supervising agency to assess the need of a facility in a HDB void deck, MND Minister Khaw Boon Wan said on…

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