Daily Archives: December 9, 2015 (24 Articles Found)

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More than 170,000 visitors to National Gallery Singapore in first two weeks

The National Gallery Singapore received more than 170,000 visitors in the first two weeks of its opening, exceeding initial expectations by more than 40 per cent, said the museum today. The museum, created from the joining of two…

Residential site at Clementi Ave 1 attracts 6 bids

A residential site at Clementi Ave 1 has attracted six bids, said URA said on Wed. The top bid came from a consortium comprising UOL Venture Investments and Singland Homes, which offered S$302.1 million. This translates to about…

Famous Instagram Tree in Punggol will have to go: HDB

A tree that has become popular with Singapore shutterbugs will be removed next Wed “in the interest of public safety”, said HDB. In a FB post, HDB said it had recently checked on the tree located in Punggol,…

Go-Ahead prepared for challenges in Singapore: CEO

Go-Ahead buses are a familiar sight on London’s roads, as the group’s fleet of 2,300 buses account for about 25 per cent of the capital’s bus services. A similar service will be heading to Singapore from Sept next…

Tech Park Crescent warehouse up for sale

A warehouse at 31 Tech Park Crescent has been put up for sale through an EOI exercise. The property consists of a single-storey warehouse with a 12-m high ceiling and a two-storey office annexed to it. The leasehold…

Frasers Centrepoint exits Compass Point JV, will no longer manage mall

Property developer Frasers Centrepoint Limited (FCL) is exiting a joint venture that owns the Compass Point shopping mall in Sengkang for about S$80.3 million in total, it said in a SGX filing on Wed. It has inked a…

SAF detonates suspected war relic found at Senoko Drive construction site

SAF has detonated a suspected war relic that was found at Senoko Drive on Mon. The projectile was found at a construction site, and looked to be embedded in the ground near some concrete pillars. SAF’s Explosive Ordnance…

Croda more than doubles Jurong plant capacity

A British manufacturer of speciality chemical ingredients has more than doubled the capacity of its plant on Jurong Island. Croda Intl officially opened the new facilities yesterday in a ceremony held at the Fullerton Hotel. The nearly £18…

LTA taps auto fare gates as way to go

Turnstile fare gates will no longer be used on Singapore’s mass rapid rail network. LTA plans to replace all the turnstile gates which are used only on the Bukit Panjang LRT line with automatic retractable ones. This is…

Adequate demand to open Hume train station

Although I am glad that Downtown Line 2 will be operating from Dec 27, I am disappointed that Hume MRT station is not opening. I live about 1km away from the shell Hume station and I can see…

Rail fares between stations: SMRT replies

Currently, under distance fares, transfers between different MRT lines at interchange stations are considered a single journey (“Relook rail fares for transfers between City Hall, Esplanade” by Mr Lee Yong Se; last Fri). City Hall and Esplanade are…

Resale prices of non-landed homes in CCR and fringe fare better

Resale prices of non-landed private homes in CCR and city-fringe have been more resilient so far this year compared to those in the suburbs. Based on Nov flash estimates released by SRX Property on Tues, its price index…

Property market perking up

The mood in the real estate sector has been mostly gloomy for a while but sentiment has clearly improved from this time last year with talk that prices could start bouncing off the bottom. There were 5,510 private…

More properties under the hammer in 2015

Singapore’s auction market saw 60 properties listed in Q4 2015, bringing the total number of new listings to 215 for this year, revealed a DTZ report. The number of properties put up for auction has steadily increased since…

5 Star Wars Wisdom to property investment – Wisdom # 4

Star Wars takes place a long time ago in a galaxy far, far away. Yet it can offer wisdom pertinent to property investors in our world. In anticipation of the upcoming movie premier of ‘Star Wars VII: The…

A-REIT to acquire One@Changi City for S$420 mil

Ascendas REIT (A-REIT) is acquiring One@Changi City for S$420 million from seller Ascendas Frasers. One@Changi City is a nine-storey multi-tenanted business park property located within Changi Business Park. The property is sited on a land area of 46,969…

Singapore’s South Beach

A sensory explosion greets you the moment you walk into The South Beach, the latest hotel to open in the Beach Road area: from the psychedelic digital mural to the reception area with its ornate, museum-style reception tables…

Here’s what you should and should not be paying your property agent in Singapore

No one likes to be told that their job can be done by anyone. When I recently discussed how to sell your HDB flat without the help of a property agent, I knew that I would get a…

Singbuild fined S$3,000 for polluting Whampoa River

Construction company Singbuild was on Wed fined S$3,000 for illegally discharging a bonding agent into a roadside drain beside a construction site for the Viridian condomimium at Jalan Ampas. The substance found its way into Whampoa River on…

Guidelines for retrofitting green building features to be implemented

To help owners overcome initial financial barriers in retrofitting their buildings with energy-efficient features, SGBC and BCA will develop a set of contractual guidelines for such projects. The standard energy performance contract (EPC) template will clearly state key…

DHL launches S$10m Asia Pacific Innovation Center in Singapore

Express shipping and logistics provider DHL today launched its S$10 million Asia Pacific Innovation Center (APIC) in the Republic, its first such facility outside home country Germany, to focus on new-age logistics and supply chain solutions. The move…

Ban on display of tobacco products to take effect in 2017

The tobacco point of sale display (POSD) ban will take effect in 2017. A 12 months’ grace period after the amendment of legislation next year will be given for retailers to effect the changes and smoothen the transition…

Rents for HDB, non-landed private homes down in Nov: SRX

Rental prices for HDB flats and non-landed private residential units fell last month by 0.5 per cent and 1.1 per cent respectively, compared to Oct, flash figures from SRX Property show. The rental prices for HDB flats fell…

Frasers Centrepoint unfazed by escalating retail headwinds

Frasers Centrepoint is well-poised to ride out the current retail market downcycle, according to a report by RHB. RHB says that FCT is cushioned by its portfolio of suburban malls, which continue to enjoy strong consumer demand even…

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