Daily Archives: January 22, 2016 (33 Articles Found)

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Couples, lower income to get help to buy flats

Singapore’s luxury housing market remains firm

Demand for high-end homes in Singapore remains firm despite the levying of duties aimed to cool the once-runaway market, according to one local developer. ABSD is a levy that places disproportionately higher premiums for non-Singapore citizens when purchasing…

Couples, lower income to get help to buy flats

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Having met demand for HDB flats, HDB will now make sure young couples and the lower-income get the help they need to own their homes. The elderly, too, will get help moving to smaller homes as well as…

Students develop smooth way for wheelchair users to enter flats

An automated wheelchair ramp, designed to make it easier for the elderly and disabled to enter HDB units which have steps at the entrance, is one of the projects featured at SP’s Engineering Show 2016. The wheelchair elevator,…

Not enough done to protect pedestrians from cyclists

The incident involving a three-year-old child and a cyclist reminds me of something that happened to my young son and me several years ago. We were walking along a pedestrian pavement in Sengkang when a cyclist squeezed at…

Dining in the park

The Night Safari is putting a whole new spin to the term “creature comforts”. People looking to satisfy their quest for the extraordinary without having to sacrifice the amenities need look no further afield than Mandai Lake Road.…

Vacancy rate for private homes rises to 8.1% at end-Q4 2015

The vacancy rate for completed private homes (excluding ECs) rose to 8.1 per cent at the end of Q4 2015 from 7.8 per cent at the end of Q3 2015. Developers completed 22,267 private homes and ECs in…

Retail property prices and rentals fall further in Q4: URA

Prices of retail space fell 0.1 per cent in the fourth quarter of 2015, after falling 0.3 per cent in Q3. Rentals of retail space fell 1.3 per cent in Q4, after falling 2 per cent in Q3.…

URA office rental index falls 6.5% in 2015

URA’s price index for office space dipped 0.1 per cent quarter-on-quarter in Q4 2015, the same drop as in Q3 2015. URA’s rental index for office space fell 1.8 per cent q-o-q in the fourth quarter, compared with…

Good year ahead for bargain hunters amid soft landing: Analysts

According to URA’s data, prices of private homes declined just 0.5% q-o-q in 4Q2015, compared to 1.3% in 3Q2015. This puts the full year decline at 3.7% for 2015, compared to 4.0% in 2014. “The market seems to…

Why Waterway Point is anchored for success

Waterway Point rings in visitors on Jan 18 amid a challenging retail environment and stock market mayhem. Its location, next to the Punggol MRT station, makes it the latest transit-oriented development in Singapore. With a NLA of 370,824…

CDL, CapitaLand honoured for sustainability

City Developments Limited (CDL) has emerged as the 10th most sustainable corporation in the world and the most sustainable real estate firm globally in Corporate Knight’s 2016 Global 100 Sustainability Index. This makes CDL the first and only…

LRT door opens while travelling from Bukit Panjang to Senja

Not only was the Bukit Panjang LRT system hit by a five-hour service disruption on Fri, a door on one of its train carriages flew open while the train was moving. Dilla Damitra, a 16-year-old student who was…

Bukit Panjang LRT resumes full service after disruption

The Bukit Panjang LRT system has resumed full service, five hours after train service in one direction was disrupted on Fri. SMRT announced that Train Service B towards Choa Chu Kang via Petir was down at 5.54am, and…

Fibre network around Sengkang disrupted for more than 17 hours

Cable restoration works for the fibre network in the vicinity of Sengkang have been completed after the network went down around 12.10am on Fri, but customers may still experience connectivity problems, said NetLink Trust, the operator of Singapore’s…

BCA launches manpower plan for built environment sector

BCA on Fri launched a plan focusing on attracting and retaining local talent in the built environment sector. The Sectoral Manpower Plan (SMP) will offer greater career guidance, creating high quality jobs and attractive career development pathways, as…

New NUH Sports Centre to serve athletes, military

NUH has set up a new dedicated facility, called the NUH Sports Centre, to provide integrated care for sports and exercise-related conditions for recreational and elite athletes, as well as military personnel. Operational since last July, the multi-discipline…

Ren Ci nursing home in Bukit Batok officially opens

The Bukit Batok facility, named Ren Ci @ Bukit St 52, has been operating for a year. It also has a Senior Care Centre which provides an array of services, including dementia day care and day rehabilitation. The…

Public Transport Council takes on advisory role to Government

PTC took on its new role as advisor to the Government on public transport issues on Fri, as it hopes to provide recommendations on how public transport can be improved. The council said one of the first things…

AHTC ordered to appoint one of the Big Four firms as accountants

AHTC’s last-ditch bid to have accountants of its choice fix its lapses was thrown out today as the Court of Appeal heard evidence that members of its first two nominees had failed on two occasions each evaluations by…

Fibre services down around Sengkang

Fibre broadband connectivity in the Sengkang vicinity has been down since early this morning. NetLink Trust said it experienced network outage at around 12.10am after a fibre was cut by a third party contractor performing drainage and sewage…

Govt’s commitment to make cycling a viable commuting choice lauded

Cycling enthusiasts applauded the Government’s eye-catching move to incorporate dedicated paths for two-wheelers in the redesign of the North-South Expressway (NSE), noting that it demonstrates the will to create a car-lite environment in Singapore. Still, transport analysts and…

Ministry to work with firms in ‘green’ growth aim: Masagos

Industries and vehicles will have to adhere to tougher emissions standards, while MEWR will work with businesses to adopt greener practices and enhance their energy efficiency, to achieve environmentally sustainable economic growth. In his ministry’s addendum to the…

Longer covered walkways, cycling paths to be built

As part of the Government’s plans to encourage Singaporeans to go “car-lite”, the length of covered walkways here will be quadrapled, and dedicated cycling paths will be built in more towns in the next five years. This will…

Private home prices mark longest downward streak in 17 years

Private home prices fell 0.5 per cent in the final quarter of last year, marking the longest losing streak in 17 years. Prices of private residential properties fell at a slower pace for three months to Dec, down…

Five beacons of hope for S’pore property in 2016

Singapore’s property market was a victim of its own success as prices continued to fall in 2015, with the cooling measures imposed by the Government still weighing on the industry. With the start of 2016, property portal 99.co…

HDB resale prices up slightly for the first time since Q3 2013

Resale prices for HDB flats gained 0.1 per cent in the three months to Dec, marking the first increase since the third quarter of 2013. Overall, HDB resale prices for 2015 declined 1.6 per cent, HDB said today.…

Singapore’s green environment: Don’t forget quality of the soil, too

Our nation’s emphasis on tree planting has resulted in a green environment around our island that few nations can boast of. While great work has been done, to truly reach the next level, our approach must be thoughtful…

Beaten down property developer stocks poised to outperform this year: report

It’s time to stop punishing Singapore’s property developers, according to a report by CIMB. Although the property market will remain mired in problems this year particularly weak demand and a significant supply glut, CIMB noted that unjustifiably cheap…

Prime office rents feared to drop by as much as 10% this year

Office landlords are in for greater pain this year, with prime rents feared to dip by as much as 10% on back of weak demand and excessive supply. According to Colliers, the office occupier market will be characterised…

Private resale deals to surge while new launches fizzle out

If you are a homeowner who had been waiting in the sidelines before selling your private condominiums, then this year might finally be the perfect time to enter the secondary property market. According to a report by PG,…

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