Daily Archives: November 6, 2015 (24 Articles Found)

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Helicopter maker AgustaWestland considering logistics centre in Singapore

Italy-based helicopter maker AgustaWestland is mulling over establishing a logistics centre in Singapore, which would allow it to serve its clients in the region. According to Stefano Bortoli, senior VP (sales and strategic sourcing), the centre would stock…

What’s real estate? Depends on who you ask

What is real estate? Are data centres real estate? What about fibre optic networks, cell towers, and energy infrastructure? Outdoor billboards, gaming facilities, timberland and prisons? These are the kinds of assets that have been “reited” in reits…

Intercontinental Hotels said to explore deal after interest

Holiday Inn owner InterContinental Hotels Group Plc is exploring strategic options including a potential sale or merger after attracting interest amid a boom in lodging deals, according to people with knowledge of the matter. The world’s largest provider…

CBD Grade A office rents dip 0.7% in 3Q15

Multiple economic headwinds have pummeled prime office rents in CBD, according to a report by Knight Frank. Cost-conscious companies, subdued demand, and Singapore’s 0.1% YoY GDP gain have caused prime office rents to continue its decline. Raffles Place/Marina…

Cost-cutting tenants ditch CBD offices for cheaper turf

Decentralisation was the frontrunner of office space cost-saving measures for companies in 3Q15 and it’s likely to stay popular, according to a report by Knight Frank. Companies that were qualified for business park space up and went. For…

Projects lauded for growing S’pore’s rooftop greenery

Singapore now has about 72ha of rooftop greenery, enough to cover over 100 football fields up from about 64ha last year, according to NParks. This will increase almost three- fold by 2030, in line with the latest Sustainable…

Keep fine balance between nature and urbanisation

What a beautiful creature our unofficial national bird, the crimson sunbird (right), is. Apart from deciding on our national bird, official or not, it is important to note that our birds are thriving, and must be allowed to…

Introduce paid parking for landed homes

Why are landed property owners allowed to park for free along many roads outside their homes when HDB dwellers have to pay $90 monthly for season parking? This free and accessible parking on public roads just outside their…

Protect our living heritage of hawkers

I have lived in Toa Payoh Lorong 2 for more than two decades. There is a good mix of shop houses and coffee shops in the neighbourhood. Famous eateries are also found here. But to me, it is…

Install large fans at Esplanade amphitheatre

On Thurs evening, my friends and I attended an outdoor concert at the Esplanade amphitheatre. The event was a great success, with much spontaneous interaction between the large crowd and the master of ceremonies. The lighting, visual and…

Here’s how you can sell your HDB flat without a housing agent

Last I checked, we’re enjoying the Internet age in Singapore, with blazing fast broadband speeds and a high tech living environment. Already there are cars that can park on their own and some that can even drive themselves.…

Will Singapore’s property prices continue falling?

Mainstream media has been reporting for quite some time that property prices in the Singapore residential sector have been declining. Must of this have been credited to the introduction of TDSR and MSR. This is a measure introduced…

2 buildings at Botanic Gardens to be repainted

Colour will be restored to two historical buildings at Singapore Botanic Gardens, allowing visitors to experience them as they once were, by Feb next year. NParks will be restoring the original colours to Burkill Hall and Bandstand at…

Tah Ching Rd lift mishap: Door protective devices worked according to specifications

BCA today said it will work closely with the industry to ensure that lift standards continue to be on par with the latest intl standards, as well as step up efforts to enhance public awareness on the precautions…

Cities need architects and artists to make them sustainable

Technology offers tremendous opportunities to improve urban life by reducing energy consumption and making transport more efficient, but good design is also important to translate scientifically sound solutions into plans that are socially and economically viable, says Professor…

ABSD has outlived its usefulness

A common argument against removing the ABSD is that it will undo the stabilising effect of the property cooling measures. The doomsday scenario is that a flood of overseas speculators will rush into the property market and drive…

Steps into the past

On a quiet Sat morning at Telok Ayer St, a small group of people are gathered around a man in front of Thian Hock Keng Temple, trying to imagine a totally different world. The speaker is 52-year-old engineering-…

Sofitel Sentosa Resort opens

The former Sentosa Beaufort has reopened as Sofitel Singapore Sentosa on Nov 6. The hotel was purchased in Apr last year by Royal Group, a company controlled by Asok Kumar Hiranandani and his son Bobby for $210.85 million,…

Odd figures in industrial segment

Economic figures for the industrial and manufacturing sectors released in the past few months have been poor. Year-on-year, Singapore’s total trade has been declining every month for the last 15 months, since July 2014. In terms of GDP,…

Emerging Asian cities a threat to Tokyo, Singapore and Hong Kong

Emerging new cities pose competition to three major Asian cities, namely Hong Kong, Singapore and Tokyo, which are part of the “Big Six” established world cities, along with London, New York and Paris. These cities attract world class…

More distressed sales expected at luxury condos

It should be reassuring that property agents still consider incidences in which condominiums are sold at 20% to 30% below their purchase price to be as in frequent as an MRT breakdown. Many still insist that such transactions…

REDAS: Concerns remain over unsold condo units

Finance Minister Heng Swee Keat said the government, real estate industry and homeowners have a shared interest in ensuring a stable and sustainable property market, reported ST. He noted that the government introduced several measures “to smooth out…

HDB wins awards for greenery, landscaping

HDB has won a total of six awards for landscaping and greenery by NParks. SkyTerrace @ Dawson, for instance, clinched two awards – the Skyrise Greenery Award (SGA) and the Landscape Excellence Assessment Framework (LEAF) certification. Meanwhile, the…

Govt, real estate industry share interest in ensuring stable market: Heng Swee Keat

The Government and real estate industry share a common interest in ensuring a stable and sustainable property market, said Finance Minister Heng Swee Keat on Thurs. Speaking at an anniversary dinner of REDAS, Mr Heng said: “The Government…

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