Daily Archives: August 14, 2015 (23 Articles Found)

Archives
  • Daily Archives

  •   14
    M T W T F S S
     12
    3456789
    10111213141516
    17181920212223
    24252627282930
    31  
    APPLY

Singapore says it’s watching housing market amid ‘correction’

Singapore is closely watching the domestic housing market that’s in a correction phase amid the longest decline in 13 years, according to Finance Minister Tharman Shanmugaratnam. The government has sought to temper the market after home prices experienced…

Efforts to cool housing have paid off, says Khaw

Efforts in the past four years to rebalance the property market have paid off and it is “a lot cooler now”, MND Minister Khaw Boon Wan said on Fri. Reporters had asked him whether he thought he had…

Is buying a multigenerational HDB flat a good idea?

In a never-ending quest to combat Singapore’s limited land area, the HDB launched multigenerational flats a while back in a bid to encourage three generations in a family to live under one roof. However, these four-bedroom, three-bathroom flats…

Bus crowding reduced by over 90% due to BSEP

As of end-July this year, 660 buses have already been injected into the bus network under the BSEP, LTA and SBS Transit and SMRT said on Fri. Under the S$1.1 billion BSEP, 1,000 Government-funded buses will be added…

Rental prices for HDB, private homes dip in July: SRX Property

Rental prices for HDB flats fell 0.1 per cent in July from the previous month, according to data released by SRX Property on Fri. Year-on-year, rental prices for HDB flats in July were down 0.7 per cent, and…

OUE registers loss of $16.3 million in 2Q2015

OUE Ltd reported a loss of $16.28 million in 2Q2015 (ended June 30) versus $4.43 million in 2Q2014. Total revenues in 2Q2015 fell 4.5% y-o-y to $95.66 million from $100.16 million the previous year. The y-o-y decline in…

Value St Regis Residences buys at $2,100 to $2,200 psf?

In the latest transaction recorded at St Regis Residences at end-June, a 2,142 sqft, four-bedroom unit on the 11th floor was sold for $4.5million ($2,100 psf), just 11% below the $5.04 million ($2,353 psf) it was purchased for…

Need to step up maintenance of train system: Lui Tuck Yew

A lot more needs to be done to improve the maintenance regime of Singapore’s train system, Transport Minister Lui Tuck Yew said. But this should not translate into shutting down the system during operating hours to get the…

CDL’s next big monetisation moment: industrial properties

Something’s brewing at City Developments Ltd (CDL), and it may not be what some had been expecting since the developer’s S$1.5 billion monetisation of its Quayside Collection assets in Dec. While market observers have tipped the South Beach…

Half of Singaporeans ill-prepared to rebuild homes in event of fire

Do you know what options you have if your home is destroyed by a fire? A recent survey by AIG Asia Pacific Insurance found that up to 52 per cent of Singaporean home owners would find themselves under…

Living treasure trove under the sea

Coral reefs hugging Singapore’s southern coast are home to a great diversity of marine life, but they are not the only undersea palaces here. New research has uncovered a living treasure trove in lesser-known marine habitats. Seventeen species…

Private property market ‘stabilising’

Resale prices of private apartments rose a tad last month, a further sign that the market is stabilising. Values were up an estimated 0.3 per cent month on month after rising 0.1 per cent from May to June,…

Safety of cleaning powder: PUB replies

PUB thanks Ms Joan Chng for her letter (“Is powder used to clean HDB walkways safe?”; Aug 9). The drains in HDB estates are connected to the public drainage system. Drains are meant to collect rainwater, which is…

GST, water tax serve different purposes

We thank Mr Lim Tong Wah for his letter (“Exempt GST on water tax amount”; Aug 6) on water consumption being subject to both the water conservation tax (WCT) and GST. The WCT and GST serve different purposes.…

Ten bids submitted for Loyang Bus Package

The tender exercise for the second bus package closed today with 10 bids being submitted, mostly from those who were unsuccessful at their first try. For the first bus package put up for tender last year, LTA received…

Cost of living a worry for many

Out of a list of 25 issues, three consistently registered as concerns among participants of a survey on the Government’s work since the 2011 GE: Cost of living, housing affordability and the inflow of foreigners. These were the…

More steps will be taken to make buses ‘kings of the road’

The Government wants to make buses the “kings of the road” and will extend priority measures such as full-day bus lanes and the Mandatory Give Way to Buses scheme to more roads, said Transport Minister Lui Tuck Yew…

Rail network to be further expanded

The rail network is set to be expanded further, after the completion of the Downtown, Cross-island, Thomson-East Coast (TEL) and Jurong Region Lines, and Singaporeans can expect announcements on new networks over the next few years. “There is…

Commuters ‘not willing to pay more for better service’

While there have been suggestions that public transport fare increases may be more palatable if service levels are increased, outgoing Transport Minister Lui Tuck Yew does not think that commuters here are willing to pay more for better…

Govt will seek to balance car-owning aspirations

Singapore need not go down the path taken by some cities that have penalised car owners, such as by imposing high parking charges, raising tolls to sky-high levels or taking away land meant for vehicles and giving priority…

CDL to maintain strategy despite a decline in profit

Even as City Developments Limited (CDL) recorded a decline in its recent quarterly profit, the developer remained optimistic of prospects in its home market, notwithstanding continued challenges from property curbs and recent currency depreciation. The company’s strategy to…

Transport issues are multifaceted and should be addressed at macro level

Transport Minister Lui Tuck Yew’s decision to leave politics has brought Singapore’s transport issues to the forefront again. MRT breakdowns, the unfortunate leitmotif during his tenure, had a direct and personal impact on Singaporeans, but the issue is…

Orchard Road is losing its edge over suburban malls

As flagging tourist numbers continue to hamper retail sales, prime malls in Orchard Road are increasingly losing lustre when compared to their more resilient suburban counterparts. According to Savills, prime retail rents in Orchard Road hit a record…

Sign In to Bookmark This Story

Sign In with Google