Daily Archives: April 1, 2016 (21 Articles Found)
3 reasons Singaporeans no longer love shopping on Orchard Road
Every nineties kid who grew up in Singapore spent a large part of their youth on Orchard Road (obviously, this was in the days before kids started spending 20 hours a week in tuition classes). Hands up anyone…
Budget 2016: Why the non-removal of property cooling measures was the right decision
It is a well-known fact that the property market moves in cycle. Whenever there is a boom, a slump will inevitably appear, followed by (hopefully) a recovery. What is harder to recognise would be to precisely pinpoint where…
Singapore home prices have longest drop in almost 2 decades
Singapore home prices dropped for a tenth quarter, posting the longest losing streak in almost two decades, as tighter mortgage curbs cooled demand in Asia’s second-most expensive housing market. An index tracking private residential prices fell 0.7 percent…
Man gets 30 months’ jail for cheating condo buyer of more than $163,000
A man who deceived a woman into believing that he could help her with the paper work to buy a condominium was sentenced to 30 months’ jail on Fri. Dean Edward, 70, duped Ms Fan Por Lian, 59,…
Springboard for innovation in Jurong
It is historically apposite that Jurong has been chosen as the site of an innovation district to be launched. Some have wondered once if it would become “Goh’s folly” when Dr Goh Keng Swee envisioned industries rising from…
Boost security measures at MRT stations
Like it or not, it is time to implement security screening and to install detectors at all MRT stations. This may cause a little inconvenience, but, for the sake of protecting lives and properties, and to ensure continuing…
Rental demand for new condos waning
Overall rents down in past two years; vacancy rates hit 10-year peak at end of last year. New condominiums used to enjoy pretty firm rental demand but those days have gone. At the 862-unit Eight Riversuites in Whampoa…
Not quite the right priority
More proof that Singaporeans can’t be trusted to be gracious of their own accord: priority queue stickers in MRT stations. First, the facts. On Thurs, LTA announced that it will implement priority queues at all MRT stations, by…
No peace of mind walking on shared footpaths
I agree with the writer of “Footpaths not for bicycles, scooters” (Mar 31) that any policy decision on the sharing of footpaths should be made with due consideration. On what basis did the Active Mobility Advisory Panel make…
Challenges ahead for the KL-S’pore HSR
Since 2013, plans have been underway to build SEA’s first high-speed rail (HSR) connecting Singapore and KL. It is expected to slash travel time to 90 minutes and connect the two cities as never before. Many details of…
Satellite-based ERP opens doors to other initiatives
The implementation of a satellite-based ERP system will pave the way for distance-based pricing for vehicles (“Satellite-based ERP system to be rolled out from 2020”; Feb 26). Perhaps, with our Smart Nation vision, the Government should also look…
Near-term silver lining for property stocks
Although Budget 2016 offered no relief for developers wishing for a tweaking of property cooling measures, there are still potential near-term catalysts for property stocks. Many developers are looking to restructure their residential property portfolio through structured deals…
New ERP system’s flexibility must enhance traffic management
I refer to the report “New ERP system ‘will offer flexibility in charging’” (Feb 26). To justify its cost of S$556 million, the satellite-based ERP system must allow for faster changes in ERP charges. When frequent drivers are…
HDB resale prices dip 0.1% in first quarter
Resale prices of flats dipped 0.1 per cent in the first quarter of the year compared to the previous quarter, according to flash estimates from HDB released on Fri. The decline comes after the Resale Price Index (RPI)…
Luxury condo prices buck trend, up in Q1
Prices of private residential properties in Singapore dipped by 0.7 percent in Q1 2016 from the previous quarter, according to flash estimates released on Fri by URA. This is the 10th straight quarter of price decline, and higher…
Kindle Garden a hit, attracts a long waiting list
A pre-school set up to promote inclusion, where children with special needs learn alongside other children, has become oversubscribed just three months after it opened in Jan. Likely the first fully-fledged inclusive pre-school in Singapore, Kindle Garden offers…
Knight Frank to combine its property asset management businesses
Knight Frank Singapore will amalgamate its property asset management businesses – Knight Frank Estate Management and Knight Frank Asset Management – with effect from Apr 1, 2016. Following the amalgamation, the entities will operate under the name Knight…
HDB flats that fulfil MOP in 2016 and their profits
Home prices are likely to trend further downward this year amid recessionary fears and in the absence of a strong stimulus in the recent budget announcements. Against this backdrop, households that are sitting on hefty profits might consider…
Penthouses attempt a rebound
A decade ago, penthouses were fashioned as bungalows in the sky. The higher the altitude and the bigger the penthouse, the loftier the price psf. The period after the global financial crisis marked an era in which luxury…
Analysts upbeat over Starhill Global REIT’s 2016 prospects
Starhill Global REIT (SGREIT) is poised to see a flood of upside catalysts, according to a report by DBS. The upcoming rent review for Toshin lease at Ngee Ann City is a near-term catalyst which will have a…
HDB resale volume to surge as prices stabilise
There will be more transactions on the public housing resale market as prices have stabilised in recent quarters. Flash estimates from HDB show that resale prices stayed relatively flat with a mere 0.1% quarter-on-quarter decrease in Q1. According…
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