Daily Archives: February 24, 2016 (24 Articles Found)

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Extra $2bn for Cross Island Line to skirt nature reserve likely to be fraction of total cost: Experts

The additional $2 billion that will be incurred by building the proposed Cross Island Line around the Central Catchment Nature Reserve instead of across it is likely to be a fraction of the total cost of the MRT…

Roxy-Pacific set to launch two condos later in year

Property group Roxy-Pacific Holdings will likely launch two freehold condominiums later this year. It told a results briefing yesterday that a development in Sea Ave near Marine Parade and one in Jalan Eunos could be ready to go…

First BTO of 2016: Alkaff Oasis in Bidadari features slew of green initiatives

Located next to Cedar Girls’ Secondary School, new BTO project Alkaff Oasis is the second housing development to be launched in Toa Payoh’s Bidadari estate. Alkaff Oasis was one of three BTO projects launched by HDB on Wed,…

First BTO of 2016: West Plains @ Bukit Batok a mix of rental and sold units with amenities

A supermarket, an eating house and shops will be among the facilities built in the new BTO project West Plains @ Bukit Batok. It was one of three BTO projects launched by HDB on Wed, which included Alkaff…

Singaporeans need to behave better

Errant cyclists and the abuse of supermarket trolleys are two topics that have been hotly discussed in the Forum pages recently. These two problems point to an underlying root cause which should be addressed, though, understandably, it may…

Home sharing has its pitfalls

I am happy for Ms Jessica Cheam for having had such a good experience with Airbnb (“Singapore’s sharing economy: Why are we not doing more?”; Feb 19). However, there are pitfalls to such home sharing. For example, hotels…

CapitaLand takes impairment charge of $110 mil on unsold units

In the current market, it pays to be a well-diversified property group. At its full-year results briefing on Feb 17, CapitaLand said that it took an impairment charge of $110.1 million for its unsold residential units in Singapore.…

CapitaLand prices Cairnhill project to fit market conditions

An integrated development by CapitaLand, comprising a residential tower and an Ascott serviced residence, will soon come up at the site of Somerset Grand Cairnhill opposite Paragon along Orchard Road. Both will be completed in end-2016. At a…

Strong bids at third GLS residential site tender this year

Developers continued to bid strongly at the third GLS residential site tender for the year, suggesting they are keen to replenish their land banks. The tender for a plot at the junction of New Upper Changi Road and…

A line linking people to jobs

The Cross Island Line, announced in Jan 2013, is a 50km MRT line stretching from Pasir Ris in the north-east to Jurong in the west. According to URA Master Plan 2014, the line will link a fast-growing residential…

Rats! Problem is still plaguing Singapore

Singapore’s rat problem is showing no signs of letting up. About 6,700 complaints were received by NEA last year, up from around about 4,000 in 2014. The number of food outlet inspections also rose from around 140,000 in…

It’s a ‘purrfect’ life for Singapore’s pampered pussies

Cats who are tired of the rat race in fast-paced Singapore have a new high-end leisure option, a top-of-the-range hotel complete with designer beds, Roberto Cavalli wallpaper and Swarovski crystal-studded dining ware. The Purrfection Suites are the ultimate…

About half of HDB flats to be launched in mature towns this year: Lawrence Wong

About half of this year’s new HDB flats (about 9,000) will be launched in mature towns, said MND Minister Lawrence Wong today. This proportion is higher than last year where new flats in matured estates accounted for one-third…

4,170 HDB flats launched in first BTO exercise of 2016

The HDB has launched 4,170 flats in Bukit Batok, Sengkang and Bidadari for this year’s first BTO exercise. These flats make up the first batch of 18,000 flats to be launched this year. For the Feb BTO exercise,…

Mobile crane crashes into POSB branch in Woodlands

A mobile crane crashed into a bank branch in Woodlands early Wed morning after the driver lost control while making a turn. The driver escaped unhurt, according to police officers on the scene. A motorcycle was seen wedged…

Marina Square says rodent issue is under control

The rodent situation at Marina Square which has faced struggles of late, including at least two lawsuits with ex-tenants is under control and no rat nests have been detected in the mall’s common areas, the mall operator said…

Relook role of bicycles in S’pore’s car-lite future

The efforts to create a “car-lite” society and increase the use of public transportation and cycling bring the prospect of less congestion and cleaner air, which is welcome. But I have doubts about cycling being part of this…

Cushman & Wakefield appoints new Singapore MD

Cushman & Wakefield has appointed industry veteran Stephen Saul as its MD. He takes over the post on Mar 1, and replaces Toby Dodd, who will take on a new role in the US as executive MD, account…

Which HDB type can you buy from your monthly wage?

Recalling how Minister of Home Affairs & Minister for Law, Mr. K Shanmugam mentioned about the unrealistic real estate goals of young Singaporeans, we pondered about what is the dream home we can afford given our current wage…

What is going to happen to the property market in Singapore?

In the past couple of weeks, there had been a few articles talking about the bad state of the residential property market in Singapore. DTZ reported that there were a total of 87 units put up for auction…

Is it possible for another Pinnacle @ Duxton flat to fetch resale price as high as $1.3M?

The resale prices of Pinnacle @ Duxton flats have been a talking point since a unit was sold for $1.08m in Nov 2014 and another one at approximately $1.07m recently in Jan 2016. Many may wonder if the…

Second-timers to dominate applications in HDB’s first BTO exercise of the year

HDB will offer 4,170 flats for sale in its first BTO sales exercise of the year. The flats are located in the non-mature towns of Bukit Batok and Sengkang and in the mature town of Toa Payoh. ERA…

Are co-working spaces becoming the ultimate Singapore work setting?

Despite the burgeoning popularity of co-working spaces, most of Singaporeans workers still believe that these spaces are usually not professional enough for client meetings. According to a poll by workplace provider Regus, co-working spaces are seen by over…

Office rents down 1.4% in Q4: JLL

Singapore emerged as the 5th most expensive office market in the Asia Pacific during the last quarter of 2015, despite recording quarter-on-quarter rental drop of 1.4 percent, according to the latest report from JLL. At the same time,…

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