Daily Archives: August 12, 2015 (28 Articles Found)

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Bumper crop of shoebox units to come in 2017

High Park Residences in Sengkang has enjoyed roaring sales in recent weeks, but investors in its smaller units may have trouble leasing them out. Many shoebox units are coming onstream, peaking around 2017, according to data from R’ST…

Private apartment resale market flat as a bored

Technically, the SRX Price Index (SPI) for private, resale apartments inched up 0.3% in July. But, for all intensive purposes, the market is flat as a board, or, more aptly, flat as a bored. At the risk of…

Significant changes made, say transport experts

In the minds of many people, Mr Lui Tuck Yew’s tenure as Transport Minister may be marred by crippling rail disruptions, the latest being on July 7 when two heavily used MRT lines broke down during the evening…

Court throws out claim of secret will

The youngest child of late Chinese businessman Lian Seng Peng has lost a bid to have a secret handwritten will by his father recognised, after a High Court judge found the surrounding circumstances to be “suspicious”. The elder…

Koh Brothers wins contract to upgrade Kallang River

Construction and property development firm Koh Brothers Group has secured an $86.3 million contract from PUB to upgrade a 1.8km section of the Kallang River, between Bishan and Braddell Road. The project, part of PUB’s ABC Waters programme,…

4 things to consider before buying the most expensive home you can afford

As residents of the little country that could, we’re always looking upwards to the next best thing. Bought your first HDB flat? Great, now let’s look to upgrading to a condo. Many people think nothing of taking a…

People are at the core of our transport milestones: Lui

The transport sector has played a pivotal part in Singapore’s development, brought about by the hard work and vision of its pioneers, said Transport Minister Lui Tuck Yew at the ministry’s SG50 gala dinner on Wed. He also…

Price, location still key factors for private home buyers: Market watchers

Getting world-renowned architects to design private housing projects may boost sales, but market watchers have said that pricing and locations remain key factors for buyers at large, especially in today’s lacklustre market.Market watchers said big developers are typically…

Mid-tier hotels outperform luxury hotels in H1: CBRE

Midscale and economy hotels in Singapore performed better than their luxury counterparts in the first six months of 2015, reversing the trend seen in previous quarters, CBRE said in a report on Wed. This is because tourists from…

Heavy rain across Singapore brings high water levels

Heavy rain in the early hours of Wed morning caused water levels to rise above normal across Singapore. One CNA reporter said that at about 2.15am, water levels rose above the kerb throughout the estate and main road…

Free entry a hit at attractions over Jubilee weekend

Singaporeans got into the SG50 spirit over the Golden Jubilee weekend by waiting patiently in line for hours to enjoy free admission to some attractions. The queue never let up at attractions offering free entry such as the…

Compass points to S’pore for start-ups

For entrepreneurs looking for a place to kick-start a business, Singapore could be a better bet than Paris, Toronto or Sydney. However, they would have to contend with the difficulty in hiring skilled workers, as well as a…

Man who climbed onto tracks gets preventive detention

While on the run from the police for a series of offences in Feb, Roslan Amat decided to seek shelter by climbing onto the MRT tracks between Choa Chu Kang and Bukit Gombak stations. As he walked towards…

Four SMRT bus services to call at two new stops along Fajar Road in Bukit Panjang

Four SMRT bus services will call at two additional bus stops along Fajar Road in Bukit Panjang from Sun, Aug 16. They are 920, 922, 971E, 972 and the new stops are between blks 443A and 443B Fajar…

Phone signal in lifts necessary in emergencies

In HDB blks, the telephone number of the emergency maintenance unit (EMU) is displayed at the lift lobby of every floor. Many residents would have stored the EMU telephone number in their mobile phones to call for assistance…

Think tank renamed ISEAS-Yusof Ishak Institute, bearing name of Singapore’s first president

The Institute of Southeast Asian Studies (ISEAS) now bears the name of Singapore’s first president Yusof Ishak, whose belief in diversity anchored him here and who, in the country’s turbulent early years, worked to unite the different communities.…

Singapore’s key short-term interest rate hits 4-month high

Singapore’s benchmark three-month interest rate rose to a four-month high on Wed, after the Singapore dollar slid to a five-year low following the devaluation of the Chinese yuan. The three-month Sibor, which is used to set interest rates…

Strong infrastructure of standards necessary as a Smart Nation: Vivian Balakrishnan

As part of Singapore’s Smart Nation initiative, it can be expected that plenty of data will be collected from sensor networks to provide better public services. For instance, a litter bin management system to help collectors empty full…

10 new Silver Zones by early 2017: LTA

More senior-friendly roads also known as Silver Zones will be in place by early 2017. By the first quarter of 2017, there will be 10 more Silver Zones with senior-friendly road safety features, LTA said today. The roll-out…

Self-service check-in kiosks at T2 for SIA, SilkAir passengers

Starting today, travellers on SIA and SilkAir flights from T2 can make use of 24 check-in kiosks for quicker and more convenient check-in. As part of the Fast and Seamless Travel (FAST) check-in trial, travellers with carry-on bags…

Old Supreme Court app launched

A new mobile app will allow users to take a virtual tour and learn about the history of the Old Supreme Court, the seat of the nation’s highest court from 1939 to 2005. The former Supreme Court and…

ABSD is a likely candidate for adjustment: OCBC

Since 1985, the government has reversed its property policy stance in 1997, 2001 and 2008, when price declines were between 8.3% and 16.4%. Significant economic stress were also anticipated in these times. Currently, prices are down 6.9% from…

Time for transport firms to stand up and be counted

Transport Minister Lui Tuck Yew’s surprising decision to step down from politics raises many questions, most notably the high price of running the Transport Ministry. Weighed down by numerous train disruptions and breakdowns in recent years, Mr Lui…

Do more for recycling at public mass events

It was thoughtful of the organisers to provide items of sustenance, including bottled water, for the NDP. And it was a right step to flash a reminder on-screen to bin our trash. I am puzzled, however, as to…

High Park Residences rises amid uncertainty

Lim Tiam Seng, the 77-year-old executive chairman of Chip Eng Seng, along with his friends, 86-year-old Toh Khai Cheng, chairman of Heeton Holdings, and Choo Chee Onn, 64-year-old executive chairman of KSH Holdings, have a combined age of…

Industrial landlords suffer as large manufacturers exit

Industrial landlords are struggling with the double whammy of vanishing tenants and a massive space glut. A massive space glut isn’t the only trouble plaguing Singapore’s industrial leasing segment. Industrial landlords are also grappling with the consequences brought…

Islandwide retail rents slump for the first time in two years

Retail vacancy rates have been creeping up for several quarters, but rents have been relatively unscathed until now. For the first time since 3Q13, Singapore’s overall retail rents declined by 0.5% qoq in the second quarter. According to…

Triple threat forces developers to slash home prices

Rising vacancy, a ballooning inventory, and normalizing interest rates will drive developers to further slash home selling prices. Analysts from Maybank Kim Eng noted that mass market home prices are more vulnerable to a steep correction as prices…

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