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

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Is Singapore’s high end property market really losing its lustre?

Singapore’s high end property market took a beating in 2015, on the back of ABSD. The ABSD imposed an added 15% tax on home prices for foreigners, which drove affluent foreign buyers to seek alternatives in the region,…

Fire breaks out at chemical firm in Tuas South

A fire broke out at a chemical company in Tuas South on Mon night. It raged on for more than an hour before being put out by fire fighters from SCDF. ST understands that authorities were alerted to…

Lorry crane driver arrested after Marina Square bridge damaged in accident

The crane boom, or lifting arm, of a lorry caused damage to the overhead bridge linking Marina Square to Millenia Walk on Mon afternoon. A 56-year-old male driver has been arrested in relation to the case, police said.…

MP tests disabled-friendly temporary Woodlands Bus Interchange – in a wheelchair

The temporary Woodlands Bus Interchange will be disabled-friendly, as MP Amrin Amin confirmed for himself on Mon morning in a wheelchair. Mr Amrin, who is Parliamentary Secretary for Home Affairs and an MP for Sembawang GRC where the…

Controversy over Cross Island Line: 9 questions about the MRT line answered

There has been much debate about the Cross Island Line and whether a 2km stretch of the line should tunnel under Singapore’s largest nature reserve. LTA is considering two options for the line – one which goes under…

What about running MRT line above ground?

So far, all the estimates and costs of the alignment of the upcoming Cross Island MRT Line centre on an underground line (“$2b extra cost if MRT line skirts reserve”; Feb 22). How about a feasibility study of…

Move to put environment report online commendable

The move by LTA to post online the Environmental Impact Assessment (EIA) report for the Cross Island MRT Line (CRL) is ground-breaking for Singapore and is commendable. LTA is demonstrating its transparency about potential impacts of the proposed…

Car-lite plan needs trains running till later at night

Recently, I walked my friends to the Bukit Panjang MRT station after hosting a gathering at my place. They were heading back to their homes in Novena and Hougang. It was about 20 minutes past eleven at night,…

Redas must take long-term view of market

The call by Redas to ease some of the property cooling measures is understandable, from the developers’ perspective (“Time to ease property curbs, say developers”; last Fri). However, while individual developers may take a short- or mid-term view…

Developers must find ways to deal with property curbs

Redas has persistently called for the Government to remove some of the measures that were intended to control runaway property prices (“Time to ease property curbs, say developers”; last Fri). It seems that developers are getting nervous, as…

Revamped Marine Parade Polyclinic opens

The first day of operations on Mon for the revamped Marine Parade Polyclinic saw patients happy with the shorter wait times and clearer signs. They said the signs allow them to navigate the building with ease. About 430…

Dengue cluster in Tampines closed but remains under surveillance

A dengue cluster in Tampines, which was the biggest cluster islandwide until last week, is now closed, but remains under surveillance. According to NEA’s website, no new cases have been reported in the last fortnight as at Feb…

New Jurong Fire Station to be completed in 2017

A groundbreaking ceremony was held on Mon for the new Jurong Fire Station, which is set to be completed in 2017. Occupying a land area of 0.4 hectares, the new station will be located between Jalan Bahar and…

RTS project to bring Johor Baru and Singapore closer

Malaysia and Singapore can look forward to better connectivity and accessibility once the proposed Rapid Transit System (RTS) project, which will connect Johor Baru and Singapore, materialises. Johor Public Works, Rural and Regional Development committee chairman Datuk Hasni…

JTC makes open call for innovative ideas for building management

JTC has launched an open call seeking innovative ideas to increase the productivity and efficiency of managing industrial buildings and developments. For the first time, it will be casting its net wider to reach out to enterprises, startups…

Most Reits’ DPU paid out of operations

A healthy 91 per cent of distributions from S-Reits on average comes from operations, contrary to the belief that distributions are increasingly artificially supported by capital and other means. This is according to findings from a study done…

Aerospace park turns food hub

Seletar Aerospace Park (SAP) is known as an industrial park catering to the aerospace sector, but it is shaping up to be quite a lifestyle hub as well. The 320ha park surrounding Seletar Airport is a short drive…

Chapter closes for 77-year-old shop

In no-nonsense Bras Basah Complex, home to old-school Chinese bookstores and printing shops patronised by students from nearby art schools, one of its oldest tenants is calling it a day. The stalwart is located on the third floor…

Feathers fly in dispute at chicken rice stall

A hawker running a well-known chicken rice stall at Adam Road has stopped operating there after 12 years, citing high rental. He also alleges the stall owner had been illegally subletting the space to him for 12 years.…

Cross Island Line: Path around reserve may cost $2b more

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The alternative alignment that routes the Cross Island Line around the Central Catchment Nature Reserve could add about $2 billion to the rail project’s cost, LTA has revealed. This 9km “skirting alignment” will require longer tunnels and extra…

First phase of new Tampines town hub to open in Nov

The construction of Singapore’s first integrated community and lifestyle hub located at Tampines is on track, and the first phase will open its doors to the public from Nov. Located at the former Tampines Stadium, the new town…

Resale condos going for under $1m – and not all are shoebox units

Developers may be grumbling about the cooling measures but, for buyers, they mean bargains can be found in the private home resale market at $1 million or even less. For instance, the proportion of freehold or 999-year leasehold…

10 stop-work orders issued by MOM so far this year

MOM has issued 10 stop-work orders this year, as of Fri. This includes one at NTU’s Lee Kong Chian School of Medicine (LKCMedicine) campus work site, where one worker died in an accident last Wed. The ministry found…

S.League warns against flares, sparklers at stadiums

Four days after some fans lighted up a bunch of sparklers after last Thurs’s (Feb 18) S.League match between Hougang United and Home United, the S.League has warned that the action is a criminal offence punishable by law.…

Whitley Neighbourhood Police Post to become one-stop corruption reporting centre

Whitley Neighbourhood Police Post will be converted into a one-stop corruption reporting centre in Dec this year, CPIB and SPF announced on Mon. The setting up of a one-stop centre in the city centre so graft complaints can…

Cross Island Line: Govt studying route impact, has not made decision yet

We thank all writers who have shared their views on the two possible alignments of the Cross Island Line (CRL). The Government is studying both the underground alignments and no decision has been taken yet. For the 4km…

CBRE on lookout for brokerage talent amid industry consolidation

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Consolidation among brokerages may follow as leasing continues to remain weak across real estate sectors in Singapore, CBRE MD for its Singapore brokerage business Moray Armstrong believes. In such an environment, CBRE is keeping a keen eye open…

1983: Cable car tragedy at Sentosa

Major investments had already gone into its development since the formation of Sentosa Development Corporation in 1972. Unfortunately, tragedy struck 10 years later. Two cable cars plunged into the Sentosa waterway on Jan 29, 1983 after the cable…

Role of brokerages heightened in market downturns: CBRE

The real estate market across all sectors in Singapore is in a correction phase, and “in a quirky way”, the job of brokerages has become more important during the transitions. This is the time when clients whether they…

S’pore property investments up sharply in Q4

Property investment volumes in Singapore’s residential sector rose 14.8 percent to $1.69 billion in Q4 2015 from $1.47 billion in the previous quarter, revealed a Colliers Intl report. “The $999.98 million transacted from the sale of three public…

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