Daily Archives: January 15, 2016 (32 Articles Found)

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Loansharks target childcare centre

Could Cheong Chin Nam Road go car-free on weekends?

While eateries at Cheong Chin Nam Road were affected by hoardings from the construction of DTL2 the crowds are now back in full force after the line was launched late last year. The single lane road which runs…

Completion of DTL2 boosts home prices

The completion of DTL2 late last month has bolstered prices of homes near the new stations, bumped up rents and increased sale volumes. The MRT effect is a well-recognised one. Once a station is completed and starts operations,…

4-room flat in Clementi fetches $900,000 for the first time

A four-room flat in Clementi was sold for a record-breaking $900,000 in Dec, according to statistics on HDB website. According to SRX Property, it is the first time that a resale of a four-room unit in the Clementi…

Integrated approach to ageing in place

Globally, the population of seniors has been projected to surge, increasing from 530.5 million in 2010 to 1.5 billion last year. In 2014, 12.4 per cent of the population in Singapore was above 65 years of age and…

Loansharks target childcare centre

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In what seems to be a case of harassment by loansharks, a childcare centre in Tanjong Pagar was splashed with red paint yesterday. Preschool manager Sun Meiyun told Chinese newspaper Shin Min Daily News in a report yesterday…

Tampines’ Burlington Square clubhouse shuts over alleged rental arrears

Tampines Rovers have brought in nine players from the now-defunct LionsXII side, and even moved to break their wage record by luring former Liverpool and Arsenal winger Jermaine Pennant to the Jurong West Stadium as they prepare to…

50 evacuated from Four Seasons Hotel Singapore early this month

A fire broke out on Jan 6 at Four Seasons Hotel Singapore along 190 Orchard Boulevard at 11.20 pm. On Fri, a SCDF spokesman told TNP the fire broke out in a kitchen on the ground floor and…

CFO of Cambridge Industrial Trust manager resigns

Cambdridge Industrial Trust Management, the manager of Cambridge Industrial Trust, said on Fri that its COO and CFO, David Mason, has resigned to “pursue new opportunities”. He will relinquish his position on Jan 16, 2016, but will remain…

Singapore’s HDB plans largest bond issue yet

Banks are bidding for the largest issue yet from HDB, totalling up to S$1.6 billion. The stats board has asked banks for proposals to sell a seven-year bond for a target size of S$1 billion and a S$600…

Singapore’s public sector construction set to surge in 2016

Singapore’s public sector construction demand is likely to account for nearly two-thirds of the value of all construction contracts to be awarded this year, the highest proportion in 14 years, the government said on Fri. The expected ramp…

Suits filed by Sakae Holdings against ex-director and others begins in High Court

Mainboard-listed Sakae Holdings said in a filing to SGX on Fri morning that the trial for the suits filed by the company against various defendants will begin the same day in the Singapore High Court. One suit is…

Rental pressures ahead for Cambridge Industrial Trust

Tenants are likely to drive harder bargains on rents this year, a period when a significant portion of leases are up for renewal, the manager of Cambridge Industrial Trust (CIT) said yesterday. It stated: “Pressures on rental terms…

Hopes and dreams for 2016

Last week, MND launched a new month-long series of engagement sessions titled “A Cleaner, Greener and Smarter Home”. As part of the symposium, I visited the ongoing Future of Us exhibition at Gardens by the Bay billed as…

Ramps may prove challenging for the elderly

Converting steps to graduated ramps will not help much, especially for wheelchair users who need a caregiver to push them (“Smoothen trek to public transport for seniors” by Mr Tan Kok Tim; Jan 13). Pushing a wheelchair up…

CEO stresses value of physical stores, not just e-commerce

Electrical goods, information technology and furniture retailer Courts Asia believes that while e-commerce has been gaining popularity, retailers should not neglect their brick-and-mortar operations. The Singapore-based company also sees technology and renting in suburban areas as important revenue…

Going out of town

Decentralisation in Singapore has come a long way since it was first introduced in 1991. The then would-be-developed regional centres are now attracting more attention from consumers and businesses alike, with some even choosing the decentralised areas over…

Eye on Siglap: Singapore’s coolest neighbourhood

Residents of the eastern side of our island have long trumpeted the superiority of their end of the country to the west of Singapore. While the western suburbs tend to be a bustle of activity and a blur…

Joint Tenancy versus Tenancy-in-Common: What’s the difference?

t’s more common these days in Singapore for single friends to buy private property together under the Joint Tenancy or Tenancy-in-Common scheme. But what are the differences between the two?

Top predictions for 2016

The general sentiment among property watchers is that this year will be a turning point for Singapore’s housing market, with private home prices likely to fall further, which should attract genuine buyers back into the market. Good opportunities…

New price benchmarks at The Berth, Ritz-Carlton Residences

A penthouse at The Berth by the Cove was recently sold for $3.2 million ($1,047 psf) according to a caveat lodged on Dec 1. The 3,057 sqft, four-bedroom penthouse was purchased for $2.4 million ($784 psf) in Feb…

Price trim renews interest in existing projects

Several developers took advantage of the buying rally in recent launches to move their unsold units. Last Nov, CapitaLand launched the remaining 182 units at Sky Vue in Bishan and is understood to have offloaded a total of…

Ex-HDB chief says no to popular demands, ‘turkeys’ in urban planning

When it comes to policymaking, the Government needs to consciously make decisions not just by listening to the people, but to also source widely for opinions, Singapore’s former chief architect Liu Thai Ker said. Raising an example from…

Donnie Yen, Cecilia Wang new brand ambassadors for RWS

Resorts World Sentosa (RWS) on Fri announced the appointment of Hong Kong celebrity couple Donnie Yen and Cecilia Wang as its new brand ambassadors for the integrated resort. Yen said he was “deeply impressed by what RWS has…

Having small buses would be scheduler’s nightmare

I refer to the letter “More practical to run small buses during off-peak hours” (Jan 13). It is good idea but it would be a bus scheduler’s nightmare. And what about the utilisation of the smaller buses during…

A tale of supply in two property markets

Market players know that the three most important variables in property are demand, supply, and cost of capital. Uncontrollable forces tend to influence demand. When economies move into a recession, buyer sentiment typically drops along with demand. Workers…

Hipster restaurants are invading Singapore’s CBD

Growing in-house organic food? Check. Made-to-order menus? Check. A new obsession with healthy options is changing retail in Singapore’s CBD, according to a report by JLL. JLL highlighted that the city-state is seeing a new trend towards mixed-use…

Office landlords struggle to keep tenants as employment growth slows to a crawl

A staggering deluge of prime office space is set to hit Singapore in 2016, and analysts warn that there might be very few tenants around to occupy this space. An analysis by Maybank Kim Eng showed that 4.2…

This will be a bad year for business parks, analysts warn

Business parks used to be the sole bright spot of Singapore’s slowing industrial leasing sector. However, the sector appears to have finally run out of luck this year, according to analysts from DTZ. Business park rents slipped in…

Blame housing prices, not oil, for deflation in Singapore: Deutsche Bank

The long-drawn commodities rout is not the sole culprit behind Singapore’s longest stretch of deflation in years, according to a report by Deutsche Bank. Although oil prices is the obvious answer to the ongoing deflationary environment, Deutsche Bank…

Which cooling measures are likely to be eased first?

Analysts and market watchers believe that property cooling measures are likely to be eased soon, on back of deteriorating economic conditions and the steady drop in home prices. According to Maybank Kim Eng, the policies which are most…

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