Daily Archives: February 19, 2016 (28 Articles Found)
Train fault on EWL during evening rush hour
A recurring train fault disrupted MRT service on the EWL during rush hour on Fri evening between Jurong East and Joo Koon stations. SMRT first announced the fault at 5.43pm on Twitter and told commuters to expect an…
Singapore’s sharing economy: Why are we not doing more?
Using Airbnb for the first time in Dec, I booked an apartment at Gare du Nord, in the heart of Paris for $1,800 for nine days. It was no swanky hotel but the apartment was a steal for…
Why make it so hard to read impact assessment report?
The environmental impact assessment (EIA) on the impact of the upcoming Cross Island Line on the highly sensitive parts of the Central Catchment Nature Reserve is open to public viewing and feedback, but only through appointment at LTA…
Some sacrifice needed for progress of country
Mr Anthony Oei raised the issue of the displacement of residents living in Thomson Road if the Cross Island MRT Line were to be realigned to skirt the road, rather than go under the MacRitchie forests (“Saving forests…
Centralised security screening inefficient, risky
Having used quite a few airports in my business and leisure travels all these years, I caution against plans for centralised screening at the upcoming Changi Airport T4. My experience with centralised screening is that it is massive,…
License bicycles as a temporary measure
Bicycle licensing can well be implemented as a temporary measure until our cycling infrastructure is established in the next decades, just like coupon parking was put in force some 30 years ago and is being phased out (“LTA:…
More pressure on unsold units
In a weak market, developers face more pressure with 700 unsold homes at 13 projects set to be hit by fees of nearly $100 million, REDAS said yesterday. It did not give details of the specific projects. Developers…
Luxury home price slump draws interest from funds
The slump in luxury home prices in recent times has caught the eye of would-be fund managers, who are setting up funds to buy these units. Yesterday, Singapore investment strategy firm ZACD launched a $300 million “opportunistic” fund…
Tagging birds with high tech
The long, red-legged bird had been ringed in 1990 and had returned, showing it had survived more than two decades in the wild, possibly the longest on record for the East-Asian Australasian Flyway. And in order to better…
Good Class Bungalow near Tanglin Road fetches $22.25m in 2nd highest sale this year
A Good Class Bungalow located off Tanglin Road was sold for $22.25 million in Jan this year, according to data on URA website. The freehold landed property at Mount Echo Park has a land area of 16,826 sqft.…
Developers race against time to sell leftover units
Pressures are mounting for developers to dispose of the leftover units in projects affected by the QC rules and ABSD. Driving home this point yesterday was the president of Redas, Augustine Tan, at a Redas Spring Festival lunch.…
12 players join Seletar Aerospace Park
Twelve aerospace companies are setting up shop at the 320-hectare Seletar Aerospace Park (SAP), which boosts the number of local and global companies housed there to 62. These 12 companies range from service providers of MRO components to…
UE now a pure property play
Conglomerates have long been cursed with a discount as investors dislike how disparate businesses can be lumped confusingly together. In the case of United Engineers (UE), one of the oldest conglomerates in Singapore, this state of affairs is…
LTA releases environmental impact assessment report on Cross Island MRT line
In a rare move on Fri due to strong public interest, LTA posted online the first phase of a report on the environmental impact of a rail line development, more than a week after opening it for public…
HDB’s 1st Mechanised Parking System at Changi Village helps motorists park faster
No more circling around a car park looking for a parking spot, at least at Blk 1 Changi Village Road. This is because the location has become the first place in Singapore to have HDB’s first Mechanised Parking…
LTA speaking to those likely to be affected by Cross Island Line’s route
LTA has started speaking to people likely to be affected by the construction of the proposed route for the Cross Island Line, it said. The upcoming MRT line is set to run from Jurong, past Clementi, before ending…
Love of nature versus speedier commute: Keep it in perspective
I have been taking the MRT for many years, as the Bishan Station is only a short walk from my home. I am thankful that the Government has been building more lines and I am looking forward to…
Rise in hotel occupancies
Singapore’s hotel market has witnessed significant occupancy levels, reported TTR Weekly citing preliminary Jan data from STR Global. According to the report, daily data from Jan indicated that hotel supply increased by 2.5 percent while demand climbed by…
Office leasing activities to remain steady in 2016, report
With market sentiment slowing down by year-end of last year, office occupiers are expected to remain cautious in the short term, with current expectations for leasing volumes over 2016 to be slightly lower than 2015, said Colliers Intl…
Too many malls in Singapore?
According to the latest data from the government, Singapore currently has over one hundred shopping malls spread across the island. Just along Orchard Road—the country’s world-famous shopping belt—are at least 40 retail malls, with many standing side-by-side along…
Commercial property outlook 2016
A year ago, the commercial market was a lot more optimistic and buoyant, on the back of tight supply, and rising rents, especially in the tight CBD area. Coupled with the outflow of capital from a residential property…
Eye on Ang Mo Kio: In the red
Singapore has no shortage of residential estates, what with more than 80 percent of its population living in HDB flats. In this regard, Ang Mo Kio is no exception. Unlike many other mature estates in Singapore, however, Ang…
Foreign student fined $40,000 for unlicensed estate agency work
A Chinese national on a student pass was fined $40,000 last Dec after he pleaded guilty to four charges of acting as an unlicensed estate agent, according to CEA. Zhang Qianlong sourced for available rental properties online, which…
Corporate entity versus individual: Differences in property ownership
Whether you are planning to purchase residential property as a corporate entity or as an individual, there are a number of hard and fast rules you must follow. Here are the main differences between these two types of…
Is this a good time for Fixed Rate Home Loan Packages?
In the treacherous world of loans, it may seem that every other loan package is painful, and that the only real winner is the bank. Well, you are probably right. It’s not all that bleak though. You can’t…
Oversupply looms in Tanah Merah
On Jan 20, URA launched for sale a 262,577 sqft elevated site located within walking distance of the Tanah Merah MRT station. The site, currently marked by dense trees, will make way for an estimated 570 residential units…
Hefty gains for DBSS sellers
Based on HDB data, there have been three resale transactions at City View @ Boon Keng, a DBSS development that recently fulfilled its MOP. The profit margin for these resale units is estimated to range from 35% to…
These are the biggest residential property investment deals of Q4
Big-ticket sales of Good Class Bungalows (GCBs) drove private residential demand in the fourth quarter, according to a report by Colliers. The report noted that investment sales in the private residential segment amounted to $688.83m in Q4, down…
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