Daily Archives: January 20, 2016 (19 Articles Found)

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Number of cars in S’pore slows down to 5-year low

Eatery boom near Beauty World station with DTL2

Hungry passengers on DTL2 are flocking to eateries near the new Beauty World station and breathing new life into the 32-year-old mall it is named after. Hawkers are reporting that since the stop opened on Dec 27, there…

$300,000 makeover for WWII bunker Battle Box

The site where the British decided to surrender Singapore to the Japanese, the Battle Box bunker has been given a $300,000 makeover. The one-year effort has rectified the problem of leaks and floods that filled the 9m-deep underground…

New e-paper arrival boards for bus stops

A new arrival timing board being piloted at selected bus stops will be easier for commuters to read and is more environmentally friendly to boot. LTA is testing the use of e-paper technology which mimics the appearance of…

Complement fines with education

The Disabled People’s Association (DPA) welcomes the stronger penalties for drivers caught misusing handicap parking spaces (“Fines up for disabled parking misuse”; Mon. This is a timely effort, considering the recent spate of events involving the misuse of…

Pick up the pace to open school sports facilities to the public

For many years, there has been talk about allowing greater public access to school facilities especially sports facilities with the aim to eventually open up all school sports facilities. Unfortunately, progress on this matter has been painfully slow.…

3 art installations in Singapore’s Civic District launched

Three art installations were launched along the Jubilee Walk in Singapore’s Civic District on Wed. They are the first three Public Art Trust (PAT) installations, which had been unveiled on Nov 29 last year. The PAT was established…

NAC working with SLA to bring art to the heartlands

Heartlands in the Republic may soon be adorned with pieces of art, as part of plans to bring art closer to the public, announced NAC on Wed at the launch of an educational art trail for primary school…

More hospital beds to be added even as primary care sector is strengthened: MOH

More than 10,000 beds will be added in acute hospitals, community hospitals and nursing homes in the next five years, even as more efforts will be made to encourage Singaporeans to visit their family doctor as the first…

Campaign to help dementia patients live in their own homes launched

A new campaign, called “Forget Us Not”, was launched by the Lien Foundation and KTPH on Wed. Through it, they hope a dementia-friendly community could help more such patients avoid living in institutions. Yishun’s Chong Pang area has…

WP’s choices of accountants for AHTC withdraw from consideration

The withdrawal of both of AHTC’s choices for accounting firms is “very disturbing”, the lawyers representing HDB told the Supreme Court on Wed. But WP which runs the Town Council, argued there was “nothing suspicious” about the selection…

Industrial S-Reits to be acquisitive in 2016: Moody’s

Moody’s Investors Service expects Singapore reits (S-Reits) in the industrial space to maintain their appetite for overseas acquisitions this year as they pursue asset growth, yield accretion and portfolio diversification amid challenging business conditions. While industrial occupancy and…

When, how will the measures be unwound?

The year 2015 is projected to end with a total of 7,300 to 7,500 new homes sold, which is similar to the number of units sold in 2014. But next year could see transaction volume shrink a further…

CBD office rents decline for the first time in 3 years

Average monthly gross office rents in CBD dropped 2.7 percent quarter-on-quarter to S$10.15 psf in Q4 2015, or its second consecutive quarterly decline, according to DTZ. For the whole of 2015, rents fell 5.1 percent, making it the…

Tanah Merah site launched for sale

A residential site at New Upper Changi Road/Bedok South Ave 3 (Parcel B) was launched for sale by public tender today, revealed URA. The 2.4ha site which could yield about 570 housing units was made available for sale…

Number of cars in S’pore slows down to 5-year low

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Singapore’s car population has shrunk to a five-year low, reversing an almost unbroken growth trend over the past decade. If the cohort of rental cars which has ballooned on the back of demand from app-based taxi services such…

Here’s how higher interest rates will really affect home affordability in Singapore

The end of easy money is finally here, and Singaporeans saddled with mortgage loans should brace for higher debt repayments in coming months. An analysis by DBS showed that if the 3-month SIBOR jumps to 2% by the…

Where have all the EC buyers gone?

Potential homebuyers in Singapore are steering clear of ECs, a hybrid public-private housing type that were once extremely popular among middle-income families. This chart from DBS Vickers shows that there is a steadily rising number of unsold ECs…

Suburban malls in the spotlight as retail heads to the heartlands

Retail experience in Singapore will become an increasingly suburban affair as more malls sprout up in the heartlands, according to a report by DBS. DBS noted that majority of shopping mall completions in the past year have been…

Time to snap up bargain developer stocks after market rout: analysts

After years of being pummelled by a spate of stringent property cooling measures, Singapore’s largest developers are now trading at record-low valuations. After the long-drawn rout, analysts now believe that residential developer stocks will soon be headed for…

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