Daily Archives: October 8, 2015 (23 Articles Found)

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3M to spend $10m on ‘smart lab’ for urban solutions

Diversified technology company 3M will invest in a $10-million Smart Urban Solutions Lab to tackle three key urban challenges namely energy, environment and water and information communications technologies integration. The investment, with the support of EDB, is spread…

Court rules on collective sales tainted by bad faith

The Court of Appeal has, for the first time, ruled that it cannot step in to change collective sale agreements and approve them if they are tainted by bad faith. This principle was contained in judgment grounds for…

Seven office projects for collective sale: Report

The outlook for the office investment market has turned less positive but even so, at least seven office developments were put up for sale on an en-bloc basis in the last quarter, a new report says. The latest…

‘Crown jewel’ of Jewish community to open early next year

Singapore’s only Jewish intl school will open its new $40 million campus in the first quarter of next year. The Sir Manasseh Meyer Intl School (SMMIS) in Jalan Ulu Sembawang will be completely wireless and have a rooftop…

Visibility is not the best indicator of air quality: NEA

The haze blanketing countries in the region has resulted in flight cancellations, obscured panoramas and affected visibility. However, poor visibility does not always mean the air is more polluted. In fact, during the current haze episode, there were…

Official one-hour PSI figures, please

The haze is back with a vengeance, and this year’s seasonal episode is well on its way to becoming the worst on record. Foul-smelling air and health concerns aside, the haze has also cast a pall on NEA’s…

More POSB ATMs needed in Sengkang

I live in Sengkang and the POSB branch and ATMs in Compass Point shopping centre were of great service to many people like me. As part of renovation works, the POSB branch and five ATMs are closed. Customers…

Haw Par Villa holds many lessons for youth

I read with delight that there are plans to push for Haw Par Villa to achieve national monument status (“Haw Par Villa worth preserving: Operator”; Mon). The park is one of our national icons. There are not many…

Developers’ calls to extend project deadline meet with a no

The government has rebuffed calls by some developers to extend the five-year deadline for them to complete a residential project and sell all its units, part of a slew of property cooling measures introduced in recent years. Meeting…

Is Singapore really the best place in the world for expats?

Singapore is the best place in the world for expats to live in, play in and work in. As with all surveys, this fact must be taken with a pinch of salt. This one, commissioned by HSBC, is…

No sale at property auction

A recent property auction held by JLL at the Amara Hotel failed to close a single sale despite recent reports of a rebound in the Singapore auction market during the third quarter of 2015. The auction event on…

Location scan: Givaudan’s new production hub boosts North Coast Innovation Corridor

Givaudan officially opened its new Fragrance creative centre and production hub in Singapore yesterday. At the same time, the Switzerland-headquartered firm also opened its first perfumery school outside of France. This represents its largest global investment for the…

Windsor Park GCB sold for $21.8m

In a sign of some renewed interest in Good Class Bungalows (GCBs), one in Windsor Park estate has been sold for $21.8 million, the first GCB transaction in the estate since early 2013. The freehold property at 122…

Agilent launches $8.6m training centre

American laboratory equipment maker Agilent Technologies has pumped US$6 million (S$8.6 million) into a training centre in Singapore, its first such facility in Asia. The Yishun site will offer more than 200 technology courses to employees and customers,…

Singtel to build S$400 milion data centre in Jurong

Singtel has invested S$400 million in a new data centre to be built in Jurong to meet growing demand for co-location and cloud services in Singapore. Singtel said the new Tier 3-Plus data centre will have “high-grade private…

7 new heritage points added to revamped Singapore River Walk

Seven new heritage points have been added to the refreshed Singapore River Walk, which was first launched in 2005 by NHB. It now includes sites such as the former Thong Chai Medical Institution and the Omar Kampong Melaka…

StarHub to roll out faster, smoother surfing in busy areas

StarHub customers can soon look forward to a faster and smoother surfing experience in crowded areas: By the end of next year, the telco will deploy its heterogeneous network infrastructure (HetNet) which will include mini base stations that…

Asian Civilisations Museum to unveil its riverfront entrance next month

Get ready to celebrate late into the night when the Asian Civilisations Museum (ACM) unveils its new look with an all-night showcase on Nov 14. Featuring a mix of concerts, museum tours and other free events, 24Hours@ACM will…

New 3D map of the island for better maintenance of public greenery

The MSO has worked with several government agencies to create a first-ever consolidated map of public green spaces to improve centralised maintenance of these areas by NParks. The map was created by SLA with NParks, PUB and HDB,…

SingPost delivers mail to Pulau Ubin by drone

Drones as postmen? A successful trial by SingPost and IDA saw a letter and a t-shirt in a package delivered from Lorong Halus to Pulau Ubin by a drone. The 2km trip took about 5 minutes. SingPost said…

HDB resale prices for Sept down: SRX Property

Prices of HDB resale flats came down last month, after inching up in Aug, according to latest monthly figures from SRX Property. Resale prices fell 0.4 per cent from Aug, while the number of flats transacted increased by…

This is how the Kweks became Asia’s sixth-richest dynasty

In 1928, a penniless Chinese village boy named Kwek Hong Png travelled from the secluded province of Fujian to the island of Singapore. He first worked as an underpaid shop helper for before finally making his fortune by…

This subsector is the weakest link in the REIT chain, say analysts

Operational headwinds are expected to affect all REIT sub-sectors negatively, but analysts singled out hospitality REITs as the most vulnerable to the unsteady market outlook. According to DBS, weakness is to be expected from almost all hospitality REITs…

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