Daily Archives: November 30, 2015 (21 Articles Found)

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Athletics event hits hurdle over S$600,000 Sports Hub cost

It was the scene of sprinter Shanti Pereira’s gold medal triumph in the women’s 200m final at the SEA Games, and the hotbed of athletics during the multi-sports event held here in June. While sports authorities here had…

Punggol East Town Council to start operations from Dec 22

Although it takes over the Punggol East Town Council tomorrow, the Pasir Ris-Punggol Town Council (PRPTC) will commence operations there only from Dec 22 because renovation and retrofitting works have to be done first. PRPTC chairman Zainal Sapari…

Heavy vehicles may be diverted from Causeway to Second Link: Report

Heavy vehicles travelling from Malaysia to Singapore may have to enter via the Second Link at Tuas instead of the Woodlands Causeway starting Mar next year, reported Malaysia’s national news agency Bernama today. The report quoted Johor’s State…

9 in 10 homeowners to pay lower property tax in 2016

Nine in 10 homeowners here will pay lower property tax next year, as annual values (AVs) derived from estimated rents of both public and private housing fell, IRAS said today. IRAS said all HDB flat owners will pay…

A ‘pleasant place’ for bus captains at Bulim bus depot

New bus operator Tower Transit on Mon unveiled some of the facilities their bus captains will be able to use once the Bulim bus depot is fully operational. These include dedicated rest areas for their bus captains, an…

Two new exhibits to open at River Safari

Some of the world’s smallest monkeys are coming to the Republic’s River Safari this Dec, as part of two new exhibits aimed at teaching visitors more about riverine and aquatic wildlife. The exhibits, River Wonders and Mary River,…

Merlion restoration works extended to Dec 24

Ongoing restoration works for the Merlion statue at the Merlion Park will be extended to Dec 24, announced the Singapore Tourism Board (STB) on Mon. The works, which started on Nov 3, were extended to replace faulty water…

Prices of completed non-landed homes showing signs of stabilising

Prices of completed non-landed private homes are showing signs of stabilising after five straight months of decline but smaller units are still getting a beating. Values rose 0.1 per cent in Oct over Sept, after rising 0.3 per…

Paint speed limits on roads

We often drive without knowing the speed limit of the particular stretch of road we are on. Along the same stretch of road, the speed limit can change without one realising it, or we may turn onto another…

SMRT must fix systemic, structural issues

I congratulate LTA CEO Chew Men Leong on the efficient recovery process in the aftermath of last Wed’s train disruption. However, it is a growing concern that disruptions have been occurring too frequently in the recent past, causing…

In-depth look at MRT electrical system needed

Most of the recent MRT train breakdowns, including last Wed’s occurrence (“Commuters hit with 2-hour MRT disruption” and “Worrying pattern cannot be ignored”; both published last Thurs) have been due to electrical faults. The electrical power faults reported…

Kudos to the teams behind museum, gallery showcases

I visited the National Museum and National Gallery last week and was thoroughly amazed. The museum’s Singapore History and Surviving Syonan galleries were interactive and beautifully presented. The environment was pleasing and, clearly, the curators had put much…

Nearly 75% of Poiz Residences units in Potong Pasir snapped up

There was strong interest for a new private condominium project in Potong Pasir as buyers snapped up close to three-quarters of its first units released for sale over the weekend. The Poiz Residences on Meyappa Chettiar Road, developed…

2H2015 Government Land Sales Programme: Developers awakened

With more completions coming up in 2016, steps have been taken to slow down the GLS Programme to thwart a potential supply glut. With limited options, developers and local investors decided to venture overseas for opportunities. In 3Q2015…

Former property agent jailed 5 weeks for using fake stamp certificate and unlawful GST collection

Former property agent Cheong Sai Chong has been convicted for using a counterfeit stamp certificate in a property rental transaction and for unlawfully collecting GST when he was not authorised to do so. He was sentenced to five…

Volunteers “IsLand-A-Hand” to Pulau Ubin, Coney Island as part of OBS exercise

In a bid to encourage the public to foster a better sense of appreciation for the environment, OBS on Mon organised its largest conservation exercise to date. More than 400 volunteers aged 15 to 50 were sent to…

South Beach chic for former NCO club

Singaporean men of a certain generation would be familiar with the cluster of military buildings known as Beach Road Camp. From 1967, new recruits had to enlist for duty there, and the practice eventually spawned the saying: “First…

Home away from home

Better housing for foreign workers improves their physical and psychological well-being and, in turn, increases their productivity. According to MOM, there are about 766,800 non-domestic work permit holders in Singapore in June this year. About half of these…

Here’s why investors should bet on developers and not REITs

A report by UOB expressed preference for deep-value and diversified property and REITs. Moreover, UOB noted that it preferred developers over REITs as the former are trading near undeserving crisis valuations and will relatively be hurt less by…

Under-REITed: This sub-sector may be the most capable to withstand blistering headwinds

It’s no secret that Singapore’s REITs are facing ferocious headwinds which send chills to the spines of investors, headlined by declining occupancies, weaker rent reversions, and an unfillable surge of supply. Some subsectors may be in a better…

LTA awards $94.6m viaduct construction contract to OKP Holdings

After completing the design-and-build projects for the interchange at TPE/Sengkang West Road/Seletar Aerospace Way this year, OKP will once again undertake a project from LTA. This time, its for the construction of the viaduct from TPE to PIE…

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