Daily Archives: November 27, 2015 (41 Articles Found)

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Golden Shoe Car Park ripe for redevelopment

Rumours have been swirling that CapitaLand Commercial Trust (CCT) could kickstart plans to redevelop Golden Shoe Car Park (GSCP) next year. The speculation appears to have been fuelled by market buzz surrounding expiring leases in the 10-storey Market…

Hotel merger ‘good for corporate guests’

Marriott Intl surprised the hospitality industry with its proposed US$12.2 billion (S$17.3 billion) acquisition of Starwood Hotels & Resorts Worldwide last week, a deal that analysts say is significant and “transformative”. It is unlikely to affect guests in…

Little India businesses eagerly await opening of Downtown Line 2 stations

Businesses in the Little India area are eagerly anticipating the opening of the Little India and Rochor MRT stations on Dec 27 after almost seven years of intense construction in the area. “Some shops lost business and had…

New retail experience

Since opening a cafe at its flagship store in Paragon two months ago, Japanese retailer Muji has seen a 40 per cent increase in sales at the outlet compared with the same period last year. The Japanese lifestyle…

Competition has intensified but SPH Reit to ‘stay resilient’

SPH Reit will continue to be “mindful of competition” amid the challenging environment for the retail industry, CEO Susan Leng told unitholders on Fri. She said that the reit, for one thing, is changing up the tenancy mix…

Get to know these 8 well-known Heritage Trees

Since 2001, more than 200 trees have been accorded Heritage Tree status by a dedicated panel currently led by NParks deputy CEO Leong Chee Chiew. The Heritage Tree Scheme, which is open to the public, advocates the conservation…

‘Five trees’ take root in Esplanade Park

Their magnificent crowns give instant shade on the hottest of days to people scurrying on roadside pavements. Their fan-like seeds scatter to lie unobtrusively on the ground. Looking at the five Angsana, or Pterocarpus indicus, trees recently re-homed…

New desalination process can save energy, cut costs

The sea may surround Singapore but the costly process of turning seawater into potable water has been a major obstacle in purifying it for daily use. But a new technology developed by American company Evoqua, with funding from…

Ensuring there’s enough water – always

Not many people know that there are 17 freshwater reservoirs in Singapore, or that we have a large reservoir across the Causeway in Johor. Constructed by PUB following a 1990 treaty supplementary to Singapore’s 1962 Water Agreement with…

How to obtain National Gallery tickets

We thank Mr David Goh Kia Ngan for his feedback (“Make it easier for seniors to visit National Gallery”; Nov 26) and we are delighted that he takes pride in the National Gallery Singapore. As a new destination,…

Valet parking at SGH meant to help motorists in a hurry

We fully understand the difficulties that the public face when looking for parking spaces on SGH campus (“Do-it-yourself valet parking service at SGH” by Mr Kishore Vasu; Nov 23). To alleviate their stress, especially when they are in…

Mixed model for public transport better

Professor Kishore Mahbubani was right to say Singapore’s public transport woes are the result of privatisation “taken too far” (“Call for national transport agency”; Nov 19). However, I disagree with the call to nationalise it. We should not…

E-bike rules timely, appropriate

As a retailer of electric bicycles, I find LTA’s new regulations timely and appropriate (“LTA clamps down on motorised bikes”; Nov 20). They target the increasing trend of illegal modifications on e-bikes, including adding throttles, high-powered motors, motorcycle…

Gentrifying Geylang

Geylang’s proximity to the city, MRT links and connection to two major highways should make it a more popular location for property buying than it currently is. However, mention Geylang and most people would inadvertently think of sex…

Eye on Geylang: At a turning point

In a rapidly changing country like Singapore, Geylang is truly a rare find, the area remains relatively untouched. Unlike many other parts of Singapore, you won’t find skyscrapers or megamalls here. Rather, the streets of Geylang are lined…

Real progress for real estate

Property is often at the forefront of many people’s minds in Singapore, and there is no shortage of real estate agents making a decent living off the high demand for property here. Of course, as it is with…

Confidence in humility

First impressions are important. It’s something many of us have heard from our parents, teachers, and bosses and for good reason, too. A person who carries himself with confidence is far more likely to inspire confidence in others…

OUE Twin Peaks to relaunch in Nov

More luxury condos in the prime districts could be put up on the market for launch or relaunch as the clock ticks away for developers who applied for a QC when they purchased a collective sale so back…

Are top-dollar HDB flats worth it?

The number of HDB resale transactions that crossed the $900,000 mark surged from 16 last year to 72 between Jan and Oct this year. The average transacted price rose from $913,500 last year to $944,966 this year, even…

Residential market to remain subdued in 4Q2015, says DTZ

Developers’ sales in 3Q2015 totalled 2,410 units, the highest quarterly sales achieved this year, according to DTZ Research in a report dated Nov 25. Singaporean purchasers contributed to 78% of the buyers, which is similar to the level…

Roxy-Pacific acquires another Jalan Eunos freehold site for $4.08 million

Roxy-Pacific Holdings entered into an agreement to acquire a freehold residential site at No. 178 Jalan Eunos for $4.083 million. The site has a total land area of 3,745 sqft with existing plot ratio of 1.4. Under the…

Singapore’s Coney Island: 10 things to know

Coney Island is Singapore’s latest nature destination. The island, about 100 hectares in size, consists of the Coney Island Park, a future interim park and an area zoned for sports and recreation. The Coney Island Park occupies the…

MND to hold focus group discussions for Fresh Start Housing Scheme

MND will be conducting focus group discussions in the coming weeks to better understand challenges which families living in rental flats face, as they develop the Fresh Start Housing Scheme. It is targeted at helping Singaporeans who may…

Sengkang construction site catches fire; no injuries reported

A fire at a construction site in Sengkang sent black plumes of smoke into the sky Fri afternoon. No injuries were reported. SCDF said they were alerted to the incident near Blk 334B Anchorvale Crescent, at about 5.50pm.…

Challenges of constructing Downtown Line’s Rochor and Little India MRT stations

The construction of the Little India and Rochor MRT stations is the biggest and most complicated rail project within the entire Downtown Line, according to authorities. Challenges which engineers have faced include overcoming different ground conditions. In the…

Singapore 4th-most expensive city for expats: ACI

The Republic has been ranked as the fourth-most expensive city for expatriates to live in, according to a study conducted by the Asia Competitiveness Institute (ACI). Caracas in Venezuela was placed as the most expensive city for expatriates,…

Private property prices would have been 30% higher without cooling measures: Study

Had the various property curbs since the recovery from the global financial crisis not been implemented, private housing transactions, prices and mortgage loans could have been higher by as much as a third from what they are now,…

Singapore quietly helping developing nations, says envoy

Singapore has been “quietly helping” other developing countries to build up their HR capacity to address climate change threats, said the Republic’s Chief Negotiator for Climate Change Ambassador Kwok Fook Seng, adding that the sharing of know-how is…

Volatile times ahead for S-REITs as Fed looks to December rate hike

The Republic’s reits, or S-REITs, will face greater volatility if US Federal Reserve proceeds with an interest rate hike next month, especially at a time when fundamentals are weakening across many property segments, analysts told TODAY. Rising interest…

Siglap Road residential site for sale under GLS

URA has launched a private residential site at Siglap Road for sale by public tender, which analysts said will draw developers due to the attractive location. Analysts said positive attributes of the land parcel include its proximity to…

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