Daily Archives: July 29, 2015 (17 Articles Found)

Archives
  • Daily Archives

  •   29
    M T W T F S S
     12345
    6789101112
    13141516171819
    20212223242526
    2728293031  
    APPLY

Sing Holdings’ Q2 profit surges

Property development and investment group Sing Holdings on Tues reported a 590.5 per cent leap in net profit for the second quarter ended June 30, 2015. Net profit soared to S$2.244 million from S$325,000 a year ago, on…

Lian Beng Q4 profit surges 50% to $54m

Civil engineering and construction firm Lian Beng Group has turned in strong fourth quarter results owing to higher investment property valuations and better contributions from associates and joint ventures. For the full year, net profits jumped 24 per…

More major MRT service delays in first quarter of 2015

Five major MRT service disruptions occurred in just the first quarter of this year, close to half the total number of incidents last year, ST has learnt. According to figures on LTA website, there were five service delays…

Seat-hogging in libraries

I visited the Serangoon library on Sun and was walking around with some books in hand, looking for a seat. I finally found an unoccupied seat, but there was a stack of magazines on it. I put them…

Road closures cause frustration, delays

As a taxi driver, I see road works being carried out on major and minor roads every day. I have noticed that contractors are given free access to open and close lanes as they wish. This causes much…

Raise fares to improve train service

Many people are asking what is the root cause of SMRT’s frequent train breakdowns and who is to blame. My answer: the Public Transport Council (PTC) that regulates fare hikes. The fare hikes are miserly compared with the…

Water leak led to July 7 rail outage

After three weeks of investigation and combing more than 200km of train track and components, the authorities have determined that a water leak had set off a chain of events on July 7 which ultimately brought the North-South…

Foodfare to review price caps at hawker centre after getting flak

Following sharp criticism from hawkers on the price caps to be imposed at its new Bukit Panjang hawker centre, NTUC Foodfare said today that these limits which were intended to keep basic meals affordable would be reviewed from…

Thong Sia Building along Orchard Road sold for S$380 million

Thong Sia Building located opposite The Paragon in the Orchard Road shopping belt has been sold to SIN Capital Group for S$380 million, marketing agent JLL said on Wed. This works out to S$2,430 psf over the existing…

Toa Payoh rooftop graffiti: Teen sentenced to reformative training

A teen who was convicted of spraying graffiti on a Toa Payoh HDB blk rooftop had his 30-month probation sentence overturned on Wed. Instead, Boaz Koh Wen Jie, 18, was sentenced to reformative training in a judgement given…

Singapore real estate – steadfast and sure while the billows roll

Recent market turbulence had sown fear in the hearts and psyche of investors in Asia and Europe. In the recent melee, investors have been hard pressed to find reasonable yielding investments with an adequate safety rating. Of course,…

Rare industrial site up for sale

A freehold industrial building near Tai Seng MRT station went on the market yesterday, with a price of up to $68 million expected. Harper Kitchen, as the property is known, is leased to Bakerzin, Putien and Crystal Jade…

Private apartment prices continue slide

Prices of completed private apartments fell about 1.9 per cent over the last six months, according to data released yesterday. They are expected to keep falling, leaving values down 3 per cent to 4 per cent for the…

Not smart to let technology dictate our lives

I cringe every time “Smart Nation” is mentioned (“Smart and Sustainable Singapore: Two sides of the same coin?”; July 21). There is no pressing need to be the world’s first infocomm showpiece when many imponderables remain unresolved. With…

Choa Chu Kang EC tender draws 11 bids

An EC site at Choa Chu Kang Ave 5 received 11 bids at the close of tender yesterday, which property analysts said signalled developers’ continued enthusiasm towards the hybrid-housing type despite the segment’s recent slump. The highest bid…

Results of the investigations into the 7 July NSEWL incident

LTA and SMRT held a press conference this afternoon to update the media that the joint investigation, which was carried out with the assistance from consultants from Sweden and Japan, have determined the cause of the NSEWL train…

Are investors overly pessimistic on office rents?

CapitaCommercial Trust’s management believes that market-watchers and investors are overly bearish on office rents, according to a report by UOB Kay Hian. The report noted that CCT’s CapitaGreen enjoyed double-digit rental reversions in the quarter. Expanding tenants took…

Sign In to Bookmark This Story

Sign In with Google