Daily Archives: February 26, 2016 (22 Articles Found)

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ERP 2.0 goes the distance with new tech

From 2020, Singapore’s streetscape will look different in one respect, the blue-and-white ERP gantries dotting the CBD and major highways will be dismantled. The next-generation ERP system will rely on satellite navigation technology to keep track of the…

Delay at Bukit Panjang LRT early Fri morning

A traction power fault caused a short delay at Bukit Panjang LRT early Fri morning. At 5.25am, SMRT tweeted that there was no service on the line, and free bus bridging was provided for commuters. The service resumed…

Property developers should not be granted extensions on unsold units

I support the Government’s ruling imposing extension fees or penalties for all residential units remaining unsold beyond the stipulated period (“Pressure mounts over unsold units”; Feb 19). A developer has five years to finish building and two more…

No need to cut down trees on vacated land

At Seletar Airbase, there was a large and perfectly healthy noni fruit tree around which I used to do wildlife photography. It was suddenly cut down. The tree stood on vacant property, which is now managed by SLA.…

T4 security screening will be safe, efficient

We thank Mr Yeo Thye Lye for sharing his concerns (“Centralised security screening inefficient, risky”; last Fri). Security is a key priority in our planning of the design and operations of T4. The relatively compact size of the…

Furniture retailer iwannagohome to shut Singapore outlets

Home furnishing and accessories shop iwannagohome will close its outlets in Singapore, its parent company confirmed on Fri. Both its branches at Tanglin Mall and Great World City will be closed, said a spokesperson for the brand, which…

Residential site near Tanah Merah MRT goes to highest bidder

The tender for a residential site at New Upper Changi Road / Bedok South Ave 3 has been awarded to CEL Residential Development, URA announced on Fri. The site is situated near the Tanah Merah MRT station and…

Govt agencies may post environmental impact studies online in future

Following the unprecedented release online of an environmental impact assessment (EIA) last week, government agencies will consider doing the same for future reports, especially if there is significant public interest involved. The study being done for Mandai, ahead…

Reliving the Civic District’s charming heritage just got easier

When URA announced in Dec that roads in the Civic and CBD would be closed on the last Sun of the month for six months starting this Sun, Singaporeans from all walks (no pun intended) of life cheered.…

Yishun, Clementi to use fogging to curb mynah nuisance

Fogging will be done for selected trees in Yishun and Clementi to manage the mynah population. It is part of a year-long pilot by AVA that started in Yishun on Thurs. It will kick off in Clementi in…

Switch to road pricing based on distance ‘only a matter of time’

The awarding of a contract for the next-generation satellite-based ERP system signals that it is a matter of time before the Government switches to distance-based road pricing, said analysts TODAY spoke to. And should the Government move towards…

New ERP system ‘will offer flexibility in charging’

Motorists reacted to the impending roll-out of a new satellite-based ERP system warily, saying they would want to see clearer signage near the zones where ERP charges apply, as well as what the charges are. UniSIM senior lecturer…

Car-lite future with bicycles needs right infrastructure

I would be most interested to hear of a car-lite future without the widespread use of bicycles (“Relook role of bicycles in S’pore’s car-lite future”; Feb 24). The growing use of motorised personal mobility devices are not a…

ECs: Gaining value over the long term

Demand for EC has slowed sharply in the past two years, following the introduction of cooling measures by the Government. Demand for the hybrid housing type was red hot in 2012 to 2013, when 14 out of 16…

New phase of The Rise @ Oxley priced from $1.38 mil

At The Rise @ Oxley, a mixed-use development by Oxley Holdings, 51 units have been sold since June 2014. The freehold project located at Oxley Rise, in prime District 9, has 120 residential units sitting on top of…

Return of big-ticket purchases in Districts 9 and 10

Despite concerns over the global stock market rout, economic uncertainty and interest rate hikes, investors have continued to snap up “value buys” in luxury condos in the traditional prime districts of 9 and 10. Some of these transactions…

Home prices hammered at auctions

These are trying times, and the increase in the number of properties going under the hammer hardly raises any eyebrows. However, auction data compiled by property research house DTZ reveals some interesting trends. Our analysis shows prices have…

Tax moves to boost the S-Reit market

With only one successful Reit listing in Singapore in 2015 despite the pipeline of Reit aspirants, it is quite evident that the spectre of rising interest rates, stockmarket volatility, slowing global trade and sluggish economic growth have dampened…

CDL to launch third PPS this year

City Developments Limited (CDL) is looking to launch a third profit participation securities (PPS) structure this year, as this innovative financial vehicle becomes a “permanent feature” of its fund-management strategy. The group also announced on Thurs that it…

Third mixed development in Yishun launched

As a sign of developers’ confidence in the growth potential of Yishun, a new mixed-use development comprising residential and commercial units will be launched on 12 Mar. Located at Yishun Ring Road, The Wisteria and Wisteria Mall is…

Property investment sales feared to slow as demand wanes

Singapore’s property investment sales market is expected to stay muted in 2016 on back of cautious investor sentiment and a sharp decline in public land deals, according to a report by Colliers Intl. The report noted that public…

Changi Airport passenger traffic jumped 10% in Jan

Singapore’s Changi Airport handled 4.86 million passengers in Jan, marking 10% year-on-year jump. Aircraft movements were 4.7% higher with 30,150 landings and takeoffs, while cargo shipments improved 4.0% to 158,000 tonnes, compared to the same period last year.…

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