Daily Archives: July 22, 2015 (28 Articles Found)

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Perennial turning into a tasty hodgepodge

The array of projects which Perennial Real Estate Holdings has embarked on to position itself as an integrated mixed-use real estate developer in China and Singapore prompts the question: just what sort of creature is the group morphing…

ST Telemedia, Starhub enter joint venture to develop MediaHub

ST Telemedia and StarHub have entered a joint venture to develop MediaHub, a “highly specialised telecommunications, media and data centre facility”, both parties announced on Wed. ST Telemedia will invest approximately S$36.9 million for a 70 per cent…

Number of dengue cases in Bishan tops 230

The number of dengue cases in Singapore remains high, with 263 cases recorded in the week ending Jul 18. It is nine fewer than the week before, which saw the most cases so far this year. There were…

CapitaLand Mall Trust to shake things up

CapitaLand Mall Trust (CMT), Singapore’s largest shopping mall trust, is revamping its portfolio with major initiatives underway at its key properties including Clarke Quay, JCube, Plaza Singapura and IMM, as it seeks to upgrade consumer experiences and align…

MPs renew calls to scrap, tweak DBSS scheme

With several DBSS projects coming under fire recently for defects, some MPs have renewed calls for the scheme to scrapped or tweaked, citing the blurred lines of accountability and low public confidence in the quality of these projects.…

Tight corridor for King Albert Park station

We refer to Mr Pak Tien Sung’s letter, “King Albert Park Station needs three entrances” (July 15). Several factors determine the location of station entrances. In planning them for the Downtown Line, besides optimising the residential catchment, we…

National Gallery ties up with Tate

After its partnership with France’s Centre Pompidou, the National Gallery Singapore has announced its second major curatorial partnership. Next year, it will collaborate with the prestigious Tate Britain to present a key exhibition, Artist And Empire, featuring artworks…

National Gallery thanks construction workers with appreciation event, photoshoot

The highly-anticipated opening of the new National Gallery Singapore will see the addition of a new landmark in Singapore’s Civic District. But while the gallery may now look like an architectural wonder, thousands of unheralded workers were involved…

Stray chickens spotted wandering around several parts of Singapore

Singapore may strike some as a concrete city, but stray chickens have been seen wandering around various parts of the island in recent months. A concerned member of the public living in the Stirling View and Mei Ling…

Making Singapore a great retail destination again

Singapore’s retail sector is critical to making the island a major tourism hub and boosting its economy. With tourist arrivals down by over 7 per cent this year, Singapore’s allure as one of Asia’s best retail destinations is…

Guard against public housing defects

Any spate of complaints over shoddy workmanship or defects at new HDB flats ought to be viewed seriously because it reflects ultimately on the HDB’s reputation as the prime provider of housing in Singapore. Of late, there has…

Time to clean up cleaners’ housing woes

We welcome the spotlight on the welfare of Bangladeshi cleaners in HDB estates (“Life in the dumps”; last Sat). Efforts to deal with the issue of workers sleeping, eating and resting in bin centres need to fully consider…

Have constituency names residents can identify with

PM Lee Hsien Loong announced in Parliament recently that the Electoral Boundaries Review Committee has already been formed. In naming SMC or GRC, I urge the Electoral Boundaries Review Committee to ensure that the constituency names make sense,…

Singapore property: Is a turnaround on the cards?

Singapore’s private property market has suffered from slackening transaction volumes and falling prices this year and it doesn’t look like there’s any relief on the horizon, according to a new report. “The government’s cooling measures, especially the limits…

Is location really everything when it comes to buying a house in Singapore?

With the housing market slowly but surely taking a dip in prices and sales (as was intended), buyers are just biding their time waiting to pounce on a good deal. But as usual, there are certain areas that…

6 nuggets about industrial properties that you need to know

Industrial properties in Singapore have in recent years become an investment instruments for investors looking to obtain further diversification away from residential properties. However, as with different types of investment instruments, there are things that people need to…

Industrial development near Joo Koon MRT up for sale

A two-storey industrial property at 9 Joo Koon Circle is being put up for sale. It has a GFA of approximately 95,174 sqft, sitting on a leasehold site of 102,478 sqft with a balance lease of 4+30 years.…

Chan Soo Khian’s take on luxury

When you enter Leedon Residence, the way you feel about space changes from the moment you arrive at the driveway and head straight to the basement carpark. From there, you enter a plush lift lobby where a private…

Overcoming structural demand and new supply mismatch of industrial properties

Industrial properties, specifically strata factories and single-owner modern factory buildings, have been facing headwinds in rents and prices, since 2014. Gone were the days also, when strata factory units were quickly snapped up by investors, including the mom-and-pop…

APSIL diversifies into real estate agency and online portal

Asia-Pacific Strategic Investments Limited (APSIL), a provider of integrated bereavement care services, is acquiring a Singapore property brokerage firm Global Alliance Property (GAP) for $2.75 million. GAP was recently formed from the merger of Global Property Strategic Alliance…

Plaza Singapura to undergo upgrading

Plaza Singapura will undergo interior upgrading works in the third quarter of this year, mall owner CapitaLand Mall Trust (CMT) announced on Wed. The rejuvenation works, set to complete by Q4 2016, will cost about S$38 million and…

PARK(ing) Day returns to Singapore for its third run

PARK(ing) Day, the intl event that turns parking lots into temporary creative spaces, is returning to the Republic on Sept 18 for its third year. This one-day event is part of the worldwide PARK(ing) Day movement, when people…

Conserve or refurbish Dakota Crescent estate

I read about the redevelopment of Dakota Crescent with some misgivings (“Estate at stake”; July 18). As this is one of the last few of the old housing estates, with unique architecture to boot, we should look into…

Avoid narrow-minded exertion of parking rights

I refer to the letter “SGH car park not patient-friendly” (July 18), about allotments for short-term parking. In most HDB multi-storey car parks, the lower floors are usually reserved for season parking on Sun and public holidays. Some…

Singapore’s container port faces a productivity question

Singapore’s container port, among the busiest in the world and reputed to be one of the most competitive, has come up against recent statistics that suggest it is behind its regional rivals in efficiency at least on the…

158 Cecil Street being sold for S$240m

A company linked to low-profile investor Denis Jen, who owns shopping malls in Australia, is buying 158 Cecil St for S$240 million from a fund managed by Alpha Investment Partners, the fund management arm of Keppel Land. The…

Acronis to set up major R&D hub in Singapore

Acronis, which provides back-up, disaster recovery and other data protection services, will open a R&D centre in Singapore. It hopes to make this one of the largest software research facilities in the country within three to five years.…

High-end developers back in the spotlight as policy easing expectations intensify

After bearing the brunt of Singapore’s stringent property cooling measures, high-end developers are making a comeback as talk of potential policy easing intensifies. “Given the muted outlook in the high-end property segment, property developers with significant exposure to…

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