Daily Archives: February 15, 2016 (25 Articles Found)

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Tat Hong unit surrenders Gul Crescent lease to JTC for S$21 million

A wholly-owned unit of Tat Hong Holdings has accepted an offer from JTC for the surrender of its lease of 11 Gul Crescent for a total cash consideration of S$21 million, the group said in a SGX filing…

Cementing value: Singapore REITs ride to 5-year yield high amid market jitters

Dividend yields at the top Singapore-listed property trusts are at their highest in at least five years, a glittering attraction as global investors seek refuge from the slump in oil prices and jitters over China’s weakest economic prospects…

Vopak starts operations at Singapore LPG terminal

Vopak said on Mon it has started operations at a LPG import and storage terminal in Singapore, the first independent LPG storage site in SEA. The terminal has an initial capacity of close to 80,000 cubic metres, Vopak…

Behind the walls of Changi Prison: 6 things you may not know about the national monument

Parts of Changi Prison were gazetted as Singapore’s 72nd national monument on Mon. Explaining its decision, NHB said it was “in remembrance of Singapore’s wartime experience and as a grim reminder of this dark episode in our history”.…

Fire at newly opened restaurant in Little India; no one injured

A fire broke out on Sun at a restaurant in Little India that had been open for only a week or so, a report said. At about 1.10pm, smoke poured from the second floor of the unit at…

NEA gives 25% rent rebate to Maxwell hawkers affected by MRT construction works

Hawkers at Maxwell Food Centre have received a “hongbao” from NEA this Chinese New Year, a 25 per cent rebate off their rents for a year. Nearly all the hawkers there had signed a petition last Dec, appealing…

Nearly 30 spats between neighbours head to court

Close to 30 “neighbours from hell” have been hauled to court in the first three months of operations of the body set up last Oct to resolve ugly community spats. A total of 27 cases had “proceeded with…

Cyclists must bear responsibility in accidents with pedestrians

May I suggest a simple solution to the subject of bicycles versus pedestrians that is currently the buzz and appears to be far from being resolved. As the practice has been, the one who drives a larger vehicle…

Protect the elderly from errant cyclists

On behalf of bus commuters, I wish to alert the authorities to hazards at bus stops. On Feb 13, a cyclist rode through the temporary bus stop along Napier Road outside the Australian High Commission, near the MRT…

Roof with a view

When the haze chokes the city every year, rooftop F&B establishments are bound to see their business suffer as patrons avoid the outdoors. Yet, those who run rooftop bars remain undaunted and such establishments continue to pop up.…

Ways to regulate different groups of cyclists

Perhaps LTA could consider a phased or graduated approach to bicycle licensing, and use current regulations and Acts to govern different groups of cyclists (“LTA: Bicycle licensing not practical”; Feb 12). Those who cycle on vehicular roads must…

Proposed registration not the answer

The arguments for licensing bicycles may make seemingly good sense to some, but they are not cogent enough on a cost-benefit basis to justify registration. Nor do they justify the need for a host of supporting systems, including…

Bike licensing: Where there’s a will, there’s a way

Mr Lim Tong Wah (“LTA’s stance on bike licensing disappointing”) and Dr George Wong Seow Choon (“‘Too difficult to do’ should not be reason to dismiss idea”) made strong arguments in their letters last Sat on the need…

Developers log worst January sales since 2009

Jan’s new private home sales skidded to its slowest start in seven years, as stock market blues affected buyer sentiment and developers refrained from launching new properties in the seasonally slow period ahead of the Chinese New Year…

NHB gazettes Changi Prison entrance gate, wall, turrets as National Monument

The Changi Prison entrance gate, wall and turrets on Mon were gazetted by NHB as the Republic’s 72nd National Monument. The move is in remembrance of Singapore’s wartime experience and also serves as a “grim reminder” of when…

Long-time residents of Dakota Crescent turn tour guides

The incessant quacking of ducks below his flat, the sight of baby crocodiles in the Geylang River and the damp smell of salt are memories that have made Dakota Crescent his “childhood lover” for 57 years. But retiree…

Singapore’s first luxury EC completed

CityLife @ Tampines, Singapore’s first luxury hotel-inspired EC, obtained its TOP on 3 Feb. Launched in Nov 2012, the EC developed by a consortium comprising Amara Holdings, Kay Lim Holdings and SingHaiyi Group made the headlines after a…

More new ECs sold in Jan

Developer sales continued to dwindle in Jan 2016 with 322 new private homes sold, a 16% decline from 384 units sold in Dec 2015 and 14% y-o-y drop. The Poiz Residences by MCC Land remained the best performing…

Diversifying sources of office space demand

As traditional large-space occupiers cut back on office space requirements amid challenging business conditions, identifying emerging trends and achieving a more diversified profile can help landlords moderate vacancy risks. The weaker office rental performance in the last quarter…

Guide to HDB 2-room short-lease flexi flat for retirees

Last year, the Government announced the introduction of the “2-room Flexi” scheme to replace the then-existing housing schemes meant for studio apartments and 2-room flats. While the new “2-room Flexi” flats are also meant for low-income families and…

S’pore cements position as leading Asia-Pacific aerospace hub: Iswaran

The Republic is cementing its position as the leading Asia-Pacific aerospace hub by enhancing capabilities and developing new growth clusters as it continues to support local aerospace companies. This is happening in both the existing stronghold of MRO…

Young nature-lovers gather at Coney Island to discuss conservation

Running ecological literacy programmes in schools, and organising a flora and fauna treasure hunt competition, these were some ideas floated by young nature-lovers during an SGfuture engagement session yesterday on how to keep Singapore environmentally sustainable. Held at…

When is “Fixed” not a Fixed Rate

When mortgage interest rates are rising, home owners are tempted to switch to Fixed rates. Home owners tend to baulk at Fixed rate because it is more expensive. They want to take a floating rate package that is…

Residents’ favourite HDB shops

In Dec, HDB announced the winners of its Top 50 Favourite Shops contest. The contest, organised as part of Singapore’s Golden Jubilee celebrations, was for residents to recognise their favourite neighbourhood shops. More than 1,000 HDB merchants were…

Why are property prices still elevated?

Cooling measures have gripped Singapore’s property market for the past two years, and yet prices have still not dropped enough to make policymakers ease the measures. Analysts note that private residential prices remain relatively elevated because of a…

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