Daily Archives: July 24, 2015 (27 Articles Found)
Invasion of the aliens: The aquatic chapter
Singapore’s native fish are no longer masters of their inland domains, they have been overwhelmed by invasive species, which make up over half the country’s freshwater denizens now. Of 88 freshwater fish species here, 52 are alien, compared…
Hardly used carpark sees even fewer cars
I am deeply disappointed by NParks’s reply regarding the commencement of charged parking at 18 carparks in 12 parks (“Charged parking at parks to regulate usage, prevent abuse”; July 23). One of the affected carparks is the small…
Parking not a problem at two parks
NParks’s reply (“Charged parking at parks to regulate usage, prevent abuse”, July 23) gives the impression that there is frequent abuse of parking spaces at the 18 carparks listed. I disagree that this is happening at Pasir Ris…
Increase carparks’ capacity at parks
NParks may not be solving the root cause of the problem with its decision to implement charged parking at 18 carparks in 12 parks. The vehicle population has grown over the years, but the size of the carparks…
Review policy on parking at recreational facilities
NParks is not the only agency that should reconsider its stand on charging for parking (“Charged parking at parks to regulate usage, prevent abuse”, July 23). Others such as Sport Singapore and HDB should also be rethinking their…
Are carpark fees regulated?
For drivers, parking charges can add up to a substantial amount each month. Hence, when I drive, I will try to find the carpark with the lowest fee. Recently, I went to NUS to participate in the National…
Changi Airport to boost productivity, strengthen Singapore’s position as regional air hub
As Changi Airport gears up for its latest round of upgrading and expansion works, it is also focusing on improving productivity and reducing reliance on manpower. CAAS will support productivity projects with up to S$17 million in grants…
Water, energy supply among challenges in Singapore’s future: Chan Chun Sing
As Singapore looks beyond celebrating its 50th year of independence to SG100, labour chief Chan Chun Sing has said engineers can help address challenges to the nation’s survival and success in the future. One such area is in…
Relentless supply hit industrial prices and rents
Industrial stock expanded by around 5.3 million sqft in 1H2015. Major multi-user and warehouse projects completed in 2Q2015 include Bukit Batok Connection (404,000 sqft), Mandai Connection (602,000 sqft) and Space @ Tampines (709,000 sq ft). Another 17 million…
The musical chair in CBD offices
Rents of office space dipped 2.6% in 2Q2015, reversing the 0.6% increase seen in 1Q2015, according to the latest data by the URA. Landlords are anxious to fill up their space before a tidal wave of 5.9 million…
How will rising interest rates impact on office property prices?
As Singapore faces impending interest rate hike later this year, there has been much concern over the adverse impact on the office capital values. Since the start of the Quantitative Easing (QE) by the US Federal Reserve in…
Buying opportunities in Balmoral area
Last Dec, listed property developer Hiap Hoe Ltd announced that its controlling shareholder Hiap Hoe Holdings, the investment firm of the Teo family, acquired all the shares in Hiap Hoe SuperBowl JV Pte Ltd which owns Treasure on…
Bishan-Ang Mo Kio Park to blossom into habitat for more butterflies
More shrubs and trees will be planted at Bishan-Ang Mo Kio Park to draw more butterflies under a joint effort between NParks and pulp and paper giant APRIL Group. Three hundred shrubs were planted today at the park’s…
Social Service Office in Yishun launched
The 20th Social Service Office (SSO) was launched today in Yishun. The target is to have 24 of such offices spread out across Singapore by the end of the year. By then, at least 95 per cent of…
How much can you borrow to buy a home?
Banks must lend and assume some level of risk: The trick is to underwrite loans so that very few of them default and the risk to the banks, and, thus, the financial system is acceptable. Underwriting is a…
Seafacing bungalow on Sentosa offered via expression of interest
A seafronting bungalow along Ocean Drive on Sentosa Cove has been put on the market with an asking price of S$25 million or S$2,325 psf on land area. If the property sells at this price, it would be…
MDIS to open third overseas campus
In a bid to expand its presence in the region, MDIS is setting up its third overseas campus in Chennai, India, in a joint venture with Vels Institute of Science, Technology and Advanced Studies (VELS). The agreement was…
Singapore office rents down 2.6% in Q2: URA
Prices of office space in Singapore rose 0.3 per cent quarter on quarter in the second quarter of this year, compared to a drop of 0.1 per cent in Q1. URA said on Fri its office rental index…
Rents down, vacancy rate up for retail space in Q2: URA
Prices and rentals of retail space both dipped by 0.5 per cent in the second quarter of this year, according to data from URA on Fri. It was the second straight quarter of rental decline and comparable to…
Changi on track to close gap with Heathrow
Changi Airport is working its two runways harder and closing the gap with the world’s busiest two-runway airport, London’s Heathrow. At its busiest, Changi handles 55 to 60 flights an hour, or about a flight a minute. Heathrow…
Parking at popular parks? You’ll have to pay
Parking will no longer be free at selected carparks in 12 popular parks across the island, ruffling the feathers of some park goers. The move, introduced at parks serving a large number of users, is meant to regulate…
Strengthening a city’s ‘backbone’
The breakdown of both the North-South and East-West MRT lines during the evening peak period on July 7 was the biggest train disruption here to date, affecting 250,000 commuters for over two hours. A week later, 19 blks…
Schemes in place to promote workmanship quality
We thank Ms Clare Tan I Ling for her feedback (“Set standards for developers to fix DBSS complaints”; July 7, and “Building defects have economic, social impact”; July 13). We agree that the safety of our buildings should…
Office rents suffered steepest decline in almost six years in Q2
Office rents booked a 2.6% quarter-on-quarter decline in the second quarter, according to URA’s real estate statistics for Q2. Cushman and Wakefield noted that this marks the steepest contraction since the fourth quarter of 2009, when rents dropped…
Private residential prices slipped for the 7th consecutive quarter in Q2
URA today revealed that prices of private residential properties declined by 0.9% in the second quarter, compared to the 1% in the previous quarter. This marks the seventh straight quarter of price decline. Prices fell across all segments,…
HDB resale prices down for the 8th straight quarter in Q2
HDB resale prices fell by 0.4% in the second quarter, marking the eighth straight quarter of price declines. HDB said that the number of resale transactions increased 27.8% quarter-on-quarter with 5,286 flats sold on the secondary market. HDB…
CapitaCommercial Trust’s net property income up 3.6% to $53.9m in Q2
CapitaCommercial Trust reported that its net property income grew 3.6% to $53.9m in the second quarter. The growth was driven by higher occupancy in its portfolio, particularly in CapitaGreen. The trust reported that aggregate committed occupancy at CapitaGreen…
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