Daily Archives: March 10, 2016 (33 Articles Found)

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4 dumpy looking places in Singapore with crazy property values

Looks can be deceiving. For example, my stomach extends 12 inches past my waist, but in reality I eat only salads. That’s like the places on this list: they’re kind of old and run-down, but you’ll be amazed…

Should you rush your mortgage repayment?

Singaporeans in their mid-50s or older will often have a large part of their mortgage paid off, and may have amassed substantial savings over the years. Some borrowers may also experience a spike in income or a windfall,…

“Asset rich, cash poor” is shaping up to be the problem of the decade

Let’s open up a can of worms: the issue of retirees with little or no income, but who own valuable houses. As Singapore’s asset rich but aging population grows, the issue will become more apparent: we will have…

Property Hotspots to look out for in 2016

2016, like its predecessor, is not shaping up to be a good year for sellers. The combination of a weak global economy, and strong cooling measures, is maintaining strong downward pressure on prices. This provides a good opportunity…

Singapore to make infrastructure assets mainstream for institutions: Indranee

Senior Minister of State for Finance and Law Indranee Rajah on Thurs stressed the importance of private sector’s participation in the infrastructure sector, and said Singapore, as a regional infrastructure hub, is working to mainstream infrastructure assets for…

If you’re single and you just turned 35… should you apply for an HDB flat?

As someone born in the 1980s, it’s often easy to forget just how far we’ve come as a country. No, I’m not just talking about all the glorious achievements we’ve been harping on, especially during SG50. But I’m…

Property sector still in the doldrums

Over at Paya Lebar Square, which was completed late in 2014, only around half the offices are occupied. Back in 2012, when the project was launched, these strata office units were snapped up in no time at all.…

Global platform for sustainable cities launched in Singapore

Singapore is taking centre stage in fostering a global exchange of knowledge on sustainable urban planning and development. The inaugural meeting of the Global Platform for Sustainable Cities (GPSC) kicked off yesterday at the Sheraton Towers Hotel. The…

Ground appears less firm for building firms

With fewer contracts to go around and labour costs continuing to rise, construction firms are being squeezed from both sides. The broader effect on the economy may not be dire, with the sector accounting for only about 5…

Asset-light fourth telco could boost service standards

Traditionally, telecom operators spend billions of dollars to build their infrastructure such as routers, switching equipment and customer billing systems. It takes time to recover such hefty expenditure and it usually comes at the expense of customers. Today,…

Schools are drivers of estate renewal

I read with much concern the recent efforts of MOE to combine secondary schools due to declining enrolment (“22 secondary schools in big pair-up”; last Sat). While the underlying reason to ensure a critical mass of students, leading…

Marked improvement after renovation

As a frequent patron of Ghim Moh Hawker Centre for years, I have noticed marked improvements at the upgraded eating place. The stall facades have been renewed and look refreshing. The raised ceiling, high-volume, low-speed fans and increased…

Hawker centre revamps: Issues to consider

I concur with Mr Thomas Ling’s argument that NEA should consider several issues when designing and upgrading hawker centres (“Areas for improvement in hawker centres”; Mon). The Tiong Bahru Market and Food Centre in Seng Poh Road, for…

Lift carpark barriers during peak free-parking periods

I live in a place which is surrounded by a wet market, a supermarket, a hawker centre, five coffee shops, ATMs and many other shops. Some friends have been and are envious of such conveniences. However, this convenience…

Singtel completes landing in Tuas for multi-region undersea cable

Singtel has completed the landing of SEA – Middle East – Western Europe 5 (SEA-ME-WE 5) undersea cable at Tuas, marking a step towards its completion by the end of the year. Once completed, the 20,000 km, cable…

Theme park featuring robot Hello Kitty coming to Singapore

Hello Kitty will be coming to the Republic again, except this time the Sanrio icon is arriving in a different form, as a robot. From Jun 10, an interactive theme park, named Robot Kitty, will be held at…

New 8-storey furniture hub to be built by end-2018

A new eight-storey furniture hub will be built by the end of 2018, MTI Minister (Trade) Lim Hng Kiang announced on Thurs. The JTC Furniture Hub @ Sungei Kadut will occupy a 2-hectare site and include features such…

Singapore must strengthen position as infrastructure hub: Indranee Rajah

Singapore must build on its position as an infrastructure hub and increase regional collaborations between the public and private sectors, said Senior Minister of State for Finance and Law Indranee Rajah on Thurs. Ms Indranee was the GOH…

Workplace fatalities rise in 2015 as more workers fall from height

The number of workplace fatalities rose last year as more employees fell from a height to their deaths, according to figures released by WSH Institute on Thurs. Sixty-six workers died in workplace accidents last year, an increase from…

National Stadium pitch is ‘extremely safe and playable’ for Super Rugby match, says Sports Hub

With Super Rugby set for its Singapore debut on Sat, the hosts admitted the pitch of the Singapore Sports Hub’s National Stadium was “not perfect” but insisted it was ready for the rough-and-tumble of the competition just days…

Brand new Tesla would have earned carbon emissions rebate: LTA

Stressing that electric cars are not “carbon emissions free”, LTA has explained why a second-hand Tesla purchased by a man here was hit with a hefty emissions tax, pointing out that had it been brand new, it would…

Singapore is world’s most expensive city for third year in a row, says EIU report

For the third year running, Singapore is the world’s most expensive city in the world, though Zurich and Hong Kong are a very close joint second, according to the Economist Intelligence Unit (EIU). Singapore has a score of…

Faulty lift at Ang Mo Kio HDB block serviced every month

The lift at a HDB block in Ang Mo Kio which reportedly shot up 17 floors on Mon was last checked during a monthly inspection on Feb 23, said an AMKTC spokesperson yesterday. Noting that the incident was…

LTA should investigate reason some bus drivers avoid bus lanes

It was reported that bus lane hours will be extended, from 8pm to 11pm. I wonder whether LTA has studied the situation fully (“Full-day bus lane hours to be extended from Mar 21”; March 9). I often notice…

Industrial market to face headwinds

The upcoming supply of industrial space will largely be felt in Singapore’s western region, while the rest of the city-state will be under less pressure, according to a report from Credit Suisse. In 2016, the supply of industrial…

URA revises rules for property developers

In a bid to promote accountability and protect the interests of home buyers, URA recently revised the criteria for issuing sales licences for home builders. First, the minimum paid-up capital or deposit for those applying for a licence,…

More Singaporeans now living in condos: survey

More Singaporeans now own their own homes, according to results of the latest General Household Survey released by DOS on Wed. In 2015, homeownership among resident households reached 90.8 percent, up from 87.2 percent in 2010. Chinese households…

SRX: HDB rents more resilient than those for apartments, condos

Rental of both private apartments/condos and HDB flats fell in Feb 2016, SRX Property’s latest flash estimates showed. However, HDB flat rents have been showing greater resilience compared to those of non-landed private homes, on a longer-term basis.…

Singapore still world’s priciest city, but HK at its heels

Singapore remained the most expensive city globally for the third year in a row, but Hong Kong leapfrogged higher to nip at its heels, while Paris got cheaper, a new survey found. The Economist Intelligence Unit’s (EIU) annual…

Singapore prime homes most affordable among global peers

Want a luxury home? Move to Singapore. The island’s prime residential homes are the most affordable among global cities after the city-state’s top-end housing prices dropped 20 percent in the past five years, according to JLL. The average…

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