Daily Archives: January 18, 2016 (24 Articles Found)

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More elderly take to mobility scooters

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Higher fines for disabled parking offenders

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$110m Chinese cultural centre ready in Nov

Second phase of Alexandra Hospital to open Wed

More hospital services and specialist care will be available at Alexandra Hospital (AH) as the hospital reopens its Specialist Outpatient Clinics (SOC), operating theatres and other medical facilities on Wed. It will mark the second phase of the…

SingHaiyi’s bid to sell City Suites project rejected

SingHaiyi Group’s application to the Controller of Residential Property for its approval on the proposed sale of City Suites was rejected, resulting in the termination of the MOU it entered into with ACG Construction. SingHaiyi said in Apr…

Keppel Data Centres enlists Epsilon to help clients scale cloud services

Keppel Data Centres Holdings, a subsidiary of Keppel T&T, has selected Epsilon to deliver local access networks in Singapore, IP Transit services and global connectivity. Keppel Data Centres will be able to support the networking needs of its…

Install more CCTVs to monitor disabled parking misuse

I fully support and welcome the move to raise fines meted out for the misuse of parking spaces meant for drivers with disabilities (“Fines up for disabled parking misuse”; Jan 18). More CCTV should be installed to monitor…

Faith hubs can benefit groups

Soon, religious hubs housing Christian, Buddhist or Taoist faith groups could dot the island. Last Tues, MND approved the idea of high-rise multi-user faith hubs for the first time, following feedback from these religious organisations. Under this new…

Falling rents good for raising start-ups

With industrial rents in Singapore expected to dip in the coming year on the back of a bearish global economic outlook, it is perhaps an opportunity for the stats boards that manage such properties to work with other…

Delay in fibre installation: NetLink Trust replies

We refer to the letters by MyRepublic (“Fibre broadband service delay: MyRepublic replies”; last Thurs) and Mr Lim Han Wei (“Caught in fibre broadband service delay”; last Mon). NetLink Trust had informed MyRepublic on Dec 28 last year…

5 benefits to using a company to invest in property

Using an investment vehicle for your property purchase is a topic I wished I knew about earlier. So far, I have not used an investment vehicle for my property purchase. But knowing now the benefits of this method,…

Keppel Land acquires 22.4% interest in 112 Katong

Keppel Corp’s property arm Keppel Land has acquired a 22.4% interest in 112 Katong Mall from BHG Holdings, Imagine Properties and Perennial Singapore Investment Holdings for $51.4 million in cash. The remaining 77.6% stake is held by a…

End of long winding road of residential property price decline in sight?

The year started on a positive note for Singapore’s residential properties, when URA released flash price estimates for private residential properties on Jan 4. Overall, private residential property prices dropped 0.5% q-o-q in 4Q2015, compared with 1.3% in…

Former Thong Chai Medical Institution retains traditional oriental charm

The 124-year-old started life as a place where physicians ministered to the poor. Years later, it became a disco, then a restaurant, before becoming the office of a company that markets aloe vera products. The former Thong Chai…

Coastal fish farms in Singapore now better prepared for plankton blooms

Coastal fish farms in Singapore are now better prepared for plankton blooms, which occur as a result of environmental factors. AVA has been working with coastal fish farmers to develop mitigating measures against plankton bloom occurrences in the…

Organisations look to reduce food waste with centralised recycling system

With 25 F&B outlets, a supermarket and a food court, the Amara hotel and shopping centre at Tanjong Pagar generates about one and a half tonnes of food waste every day. The food waste used to go into…

Queenstown flat catches fire after owner leaves fan on to keep pet dogs cool

The owner of a HDB flat in Queenstown, who allegedly kept the fan in his home switched on to ensure his two pet dogs could keep cool in the heat, had his plan backfire on Sat evening. The…

Bird sanctuary with 3,000 exotic birds faces uncertain fate

For more than two decades, a bird sanctuary located down a winding lane off Mandai Road has greeted visitors with a cacophony of whistles and chirps. Within its 2ha compound at 31 Lorong Lada Hitam, the Mandai Birds…

More elderly take to mobility scooters

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Sales of mobility scooters have picked up pace here, with one retailer saying its sales have doubled in a year and another estimating that there are now “tens of thousands” of such devices in use. Retailers whom My…

Higher fines for disabled parking offenders

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Drivers caught misusing parking spaces for the disabled in public carparks now get heftier fines. Fines for first-timers have been quadrupled from $50 to $200 since Dec, with the authorities saying that they are monitoring the situation and…

$110m Chinese cultural centre ready in Nov

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The $110-million, 11-storey Singapore Chinese Cultural Centre has risen in Shenton Way. Located beside the Singapore Conference Hall, the centre’s structure has been completed following 15 months of construction. When it is ready in Nov, it will boast…

Home supply to dip by end 2016 as land sales programme takes effect: analysts

A scarcity in private homes could await Singaporeans come end 2016 as the GLS programme announced in Dec saw residential supply dip to 925 units, down 85% from its 7,000-unit peak. According to analysts from Barclays Research, due…

Will FCL get burned by its bullishness on Siglap?

Listed developers awoke from their long buying slumber when URA released a plum residential site in Siglap for sale by tender last week. A total of eight developers fought for the site, including four of the largest developers…

BreadTalk Group divests investment in 112 Katong for $16 million

BreadTalk Group had sold its stake at 112 Katong for $16m. The company is expected to record a gain of S$8.5 million before transaction costs. To close the deal, Breadtalk’s subsidiary Imagine Properties sold $154,000,000 Secured Fixed Rate…

Small industrial REITs cling to asset sales as valuations drop to record lows

Industrial REITs with smaller market caps and weaker sponsors might be pushed to sell of assets in order to generate shareholder value this year, according to a report by Maybank Kim Eng. Most of the six industrial REITs…

There’s a silver lining behind Dec’s dismal home sales data

Developers sold just 384 condominium units in Dec, marking a 49% month-on-month drop. Although the headline figure looks fairly dismal, Barclays notes that the sales figure suggests that underlying demand remains resilient. “Notwithstanding the usual year-end lull, these…

Opportunistic buyers eager to snap up undervalued property assets

With property stocks trading at unjustifiably low valuations, analysts at Maybank Kim Eng believe that the property sector might see a wave of divestments in 2016. “We think that developers may look for ways to generate shareholder returns…

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