Daily Archives: January 29, 2016 (34 Articles Found)

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Delay on EWL due to signalling fault

Parliament: NParks to extend early morning 2-hour free parking to more parks

NParks may extend a new two-hour-free parking policy to more parks across Singapore. Last Sept, NParks revised operating hours for carparks at seven parks from 24 hours to 22 hours, freeing up a slot between 6.30am and 8.30am…

Provide lockers to lighten pupils’ load

When I weighed my son’s school bag recently, I realised that it was a hefty 6kg to 7kg, even though he packs according to the timetable. This is more than 10 per cent of his body weight. Heavier…

Social hubs for seniors already exist, but more needed

MPs Cheryl Chan and Joan Pereira called for integrated social hubs to alleviate the isolation of seniors, and for such hubs to be located in community clubs (“MPs call for social hubs where the elderly will not be…

Authorities to look into speed limits for cyclists

The authorities are considering whether to impose a speed limit for cyclists in parks or park connectors, said Senior Minister of State for Transport Mrs Josephine Teo in Parliament today. The Active Mobility Advisory Panel, headed by Parliamentary…

Discrepancy in number of MRT lines to west puzzling

Singapore plans to double its MRT network by 2030. With the completion of the third phase of the Downtown Line and the TEL, residents living in the eastern part of Singapore will be served by three lines with…

Real estate crowdfunding: Invest a little, diversify a lot

The confluence of changing consumer behaviour, rapid advancement of the Internet and mobile technology has caused major disruptions in the consumption of goods and services. Innovative disruptions such as Uber for taxi bookings and car sharing and Airbnb…

Swiss company opens hazardous chemicals facility on Jurong Island

Switzerland’s Bertschi AG opened a S$45 million facility on Jurong Island on Fri, adding specialised logistics capabilities to support the island’s chemicals industry. Occupying 30,610 sqm of land, Bertschi’s new facility will handle and store specialty and hazardous…

Property developers delaying launches due to poor market sentiment: Industry watchers

Residential property developers have been holding back on property launches, with a few opting to delay by one or two months, according to property watchers. They attribute this to developers being conscious of poor market sentiment amid economic…

7,900 second-timer households paid resale levy over past 6 years: MND

From 2010 to 2015, about 7,900 second-timer households had paid the required resale levy amount when buying another subsidised flat from HDB, said MND Minister on Fri. The resale levy policy also helps prioritise the allocation of subsidies…

PUB testing processes tightened after Clementi water disruption: MEWR

PUB has tightened its testing and commissioning processes following a water supply disruption in Clementi Town on Oct 28, 2015, MEWR Minister Masagos Zulkifli said on Fri. Mr Masagos was responding to MP for Jurong GRC Tan Wu…

No plans to build hawker centre, wet market in Simei: MEWR

MEWR has no plans to build a hawker centre or wet market in Simei, Minister Masagos Zulkifli said on Fri. He was responding to a question by NCMP Leon Perera, who asked if there are plans to build…

Onus on heavy vehicle owners to find appropriate parking: MND

MND is looking into ways to help heavy vehicle owners and workers find more convenient parking lots, Senior Minister of State Desmond Lee said in Parliament on Fri. However, he added that it is the responsibility of business…

95 per cent of BTO defects reported are rectified within 14 days: MND

The large majority, 95 per cent of defects reported through HDB’s Building Service Centres are rectified within 14 days, said Desmond Lee, Senior Minister of State for Home Affairs in Parliament on Fri. Responding to parliamentary questions on…

Many train components replaced before end of lifespan: Khaw Boon Wan

Many train components are replaced before their expiry for safety and reliability reasons, said Transport Minister Khaw Boon Wan in Parliament on Fri, even before the recommended lifespan is reached. “This is because how long they will actually…

Transport Ministry explains how fares are calculated for some DTL2 stations

Commuters travelling between some stations on DTL2 pay higher fares because of the method of fare calculation used by PTC for concessionary fares, Transport Minister Khaw Boon Wan said in Parliament on Fri. Before DTL2, commuters travelling from…

What businesses occupy the most expensive retail space?

At least 51 strata retail transactions have crossed the $10,000 psf mark, based on URA’s caveat data so far. These transactions took place as far back as 2005 at just nine developments: Alexandra Central, Centrepoint, Far East Plaza,…

Government measures fail to boost EC market

In Aug 2015, PM Lee Hsien Loong announced during his National Day Rally speech a slew of new measures meant to impact the real estate market. This included raising the income ceiling for couples buying EC units from…

Govt considering speed limits for cycling in parks and park connectors

Setting speed limits for cycling in parks and park connectors may ensure greater public safety, said some cycling groups and members of the public on Sat, after the Government said in Parliament on Fri that it is considering…

HDB outlook for 2016

While condo transactions continue to be scrutinized by most market watchers, often due to the aspirational nature of the property class, it is necessary to keep an eye on HDB resales. To Singaporeans, HDB has always been a…

Eye on Chinatown: Cultural evolution

Chinatown — there’s one in (almost) every country, yet perhaps, none as diverse as Singapore’s. Comprising the precincts of Ann Siang Hill, Bukit Pasoh, Kreta Ayer, Tanjong Pagar and Telok Ayer, Chinatown is a mish-mash of the old…

Buying property as a corporate entity

It is not just individuals and families who buy homes in Singapore. Sometimes, a corporate entity may purchase a residential property for investment purposes. If you and your business partners are considering doing so, here’s what you need…

From officer to entrepreneur

As CEO and co-founder of Singapore’s largest home-grown property consultancy, Ismail Gafoor’s name is easily one of the most recognized within the local real estate industry. He has been in the business for two decades, authored books, been…

CDL Hospitality Trusts eyes Europe for more acquisitions

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CDL Hospitality Trusts, whose most recently acquired properties in Tokyo and Cambridge helped to mitigate lower income from its other properties in the fourth quarter, is on the lookout for more hotels in city centres in UK, Holland,…

The right way to build a modern retail firm

Most retailers recognise the importance of combining the best of digital technologies and physical stores to profitably create a seamless and consistent customer experience across channels. There’s a good reason for this. Their most valuable customers are engaging…

Delay on EWL due to signalling fault

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Rush-hour commuters in the west had their journeys disrupted yesterday morning when a west-bound train on the EWL encountered a fault. In a tweet at 8.03am, rail operator SMRT said commuters could expect an extra travelling time of…

Downtown Line sees 214,000 trips daily with new stage

The new Downtown Line is now averaging 214,000 trips a day one month after Stage 2, which serves the Bukit Timah corridor, opened. Operator SBS Transit, which revealed the first-month figure, would not say if it is in…

Many listed stocks currently undervalued

More than half of listed stocks here are trading at prices below “book value”, what a firm would fetch if its assets were sold off. Market watchers say investors keen to make the most of these depressed share…

Fire breaks out at Toa Payoh Industrial Park

A fire engulfed two double-story factory units in the Toa Payoh industrial park early Fri morning, said SCDF. SCDF said in a FB post that about 60 firefighters contained the raging fire using seven water jets, foam, an…

SLP to more than double agent strength in Singapore

Homegrown property agency SLP Intl, part of the ZACD Group, is bucking industry outlook with an ambitious goal to more than double its agent strength in Singapore to at least 2,500 through M&As. It is also looking to…

Starhill Global REIT banks on Chinese arrivals as Indonesian tourists dip

Indonesians are no longer visiting the city-state as they used to, and this has dealt a bad blow to Starhill Global REIT. According to analysts from UOB Kay Hian, while a recovery in Indonesian arrivals is nowhere to…

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