Daily Archives: August 15, 2015 (17 Articles Found)

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July condo rents fall more than HDB flats

The rental decline for private apartments and condominiums has been much more pronounced than that for HDB flats, latest data from SRX Property shows. Within the private segment, rentals in CCR eased less than those in the suburbs…

The suite life away from town

Mention staycation in Singapore and the swanky hotels in Orchard Road, Marina Bay and Sentosa come to mind. But of late, some Singaporeans have been going off the beaten track and booking stays in hotels located outside the…

Teck Ghee residents can look forward to more upgrading works: PM Lee

Residents in Teck Ghee can look forward to more upgrading works within the constituency this year and also in the years ahead, said PM Lee Hsien Loong. These include an improved community centre, which will be completed by…

Q&A: ARA Asset Management’s John Lim on property investing

Watching the property market is a past time for many Singaporeans, most of whom own their own home. With China’s recent devaluation of the yuan, we asked ARA Asset Management group CEO John Lim, who is also one…

Falling rents lead to surge in rental volume in Sentosa Cove

Rental volume in the CCR saw a 22% jump to 10,213 contracts in 1H2015 from 8,370 a year ago. This was accompanied by a 26% surge in the number of rental contracts for condominium units in Sentosa Cove…

Are rents holding up well for homes near shopping malls and MRT stations?

Meraprime, City Square Residences and Compass Heights have something in common, a one-stop shopping mall and an MRT station right at their doorsteps. As home prices and rents continue on their southbound trajectory, these properties are expected to…

Shopping malls revamp amid onslaught from online retailers

As the brick-versus-click-sales war intensifies, shopping malls in Singapore are plotting aggressive strategies to stay ahead in the game while they continue to battle falling tourist arrivals, the oversupply of retail space and growing competition for consumers’ attention.…

Govt-run public transport would avoid conflict of interest

Cabinet ministers and MP, including the Opposition, have commented that Transport Minister Lui Tuck Yew, who is leaving politics, has done his best and that the continuing failures of the MRT are not entirely his fault. It has…

Central ‘brick’ district: TNP photojournalist builds Lego CBD

Brick by brick, he built a Lego version of our CBD. It took 10 months of planning and building and more than 8,200 Lego pieces, but TNP’s photojournalist Gavin Foo finally completed his model in May. His Lego…

Breakdown of trains inevitable due to wear, tear

I thank Transport Minister Lui Tuck Yew for contributing to Singapore’s transport. He has handled situations with ease and kept promises. I am shocked that he is retiring from the Cabinet. After the major MRT breakdown last month,…

Transport Minister should push for more motorcycle use

In trying to strike a balance between car ownership and public transport to keep traffic smooth, the Government seems to have overlooked the humble motorcycle (“Govt will seek to balance car-owning aspirations”; Aug 14). The motorcycle can move…

Hotels get smart to attract millennials

Gone are the days of hotel guests fumbling with door keys or access cards, or choosing amenities using the house phone. Many hotels in Singapore are making over guest services, providing access to rooms and amenities with just…

Sembawang to get hawker centre, swimming complex

New facilities such as a swimming complex and hawker centre will greet residents in Sembawang town in the next few years. These much-wanted amenities will further transform Sembawang GRC, which PAP chairman Khaw Boon Wan described as “a…

Housing market much cooler: Khaw

The hot housing market that was such an issue in the 2011 election is much cooler now, said MND Minister Khaw Boon Wan, expressing relief that the measures put in place have paid off. “What I shared at…

Foreigners grab 5 floors of Prudential Tower

Some well-heeled foreign buyers have been spending big in the strata office market amid selective buying in the segment. A Chinese buyer has splashed out about $100.6 million on the 25th to 27th floors of Prudential Tower, according…

Lien’s grandson pays $21m for Good Class Bungalow

A grandson of the late banker and philanthropist, Mr Lien Ying Chow, has bought a Good Class Bungalow (GCB) in Chee Hoon Ave after taking part in a tender. Mr Michael Lien and his wife paid $21.39 million…

Further steps to cut mosquito population

Reducing the population of mosquitoes is critical and should be carried out all year round (“Fewer cases, but stay vigilant as dengue peak season is here” by NEA; Aug 6). However, utilising the same measures and strategies every…

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