Daily Archives: April 21, 2016 (16 Articles Found)

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Sands’s Adelson mulls Singapore mall sale after restriction ends

Gambling tycoon Sheldon Adelson, whose Las Vegas Sands Corp owns Singapore’s landmark Marina Bay Sands, said he’s considering selling the casino resort’s retail assets after a government-imposed moratorium expires next year. The company has spoken with potential buyers,…

Fire at petrochemical plant rages for 5 hours

A fire broke out at a US$2.4 billion (S$3.2 billion) petrochemical facility on Jurong Island around 3pm yesterday, causing a plume of smoke to stretch skyward from a burning oil tank containing about 20,000 barrels of light crude…

Elderly residents in mature estate the focus

At a time when residents across Singapore are asking for more playgrounds to be built, some in Bukit Batok feel there are too many. They say their neighbourhood could do with more fitness parks for the elderly instead.…

Fewer, pricier parking spaces to deter driving?

In 2003, Seoul’s then mayor Lee Myung Bak went on a “car-lite” strategy to rejuvenate the capital. He proposed the removal of a major elevated highway in the city to restore a river beneath it, a highly unpopular…

Co-working in Singapore – a new driver?

Earlier this month, JLL examined the rise of the co-working culture in China and, in Singapore, co-working space has recently become the talk of the town. This is because of the reported Collective Works and CapitaLand joint venture…

Makeshift patching will not fix defects of S’pore’s housing market

The first part of this article (“Singapore property may be heading for long-term drop in value”, BT, April 20) touched on three of the six “defects” in our property market that might lead to a long-term decline in…

Architects also hurting from real estate woes

The real estate downturn has filtered down to architecture and engineering services firms, which were hit by surging redundancies last year and industry players warn that the situation could worsen this year. It has been the larger architecture…

Wandervale EC sales ‘encouraging’

Sales have been brisk at Wandervale, the first EC project launched this year, its developer said yesterday. About 320 apartments have been sold since the launch of the 534-unit project in Choa Chu Kang Ave 3 last month,…

S’pore laws will be ‘taken to full extent’ against companies responsible for transboundary haze, says Masagos

MEWR Minister Masagos Zulkifli has again vowed to crack down on companies responsible for transboundary haze using the “full extent” of Singapore’s laws, in his first response to recent comments by Indonesian Environment and Forestry Minister Siti Nurbaya…

CapitaLand pays S$2.7 million extension charge for The Interlace

CapitaLand yesterday said it has paid an extension charge for unsold units at The Interlace condominium while reporting a 35.4 per cent on-year increase in first quarter net profit to S$218.3 million. The property developer said it has…

Train fault shuts down service between Marina South Pier and Newton on North-South Line

Train services between Marina South Pier and Newton MRT stations were disrupted on Thurs morning due to a train fault along the North-South Line (NSL). Free bus services were available along the affected areas, said SMRT, which first…

Municipal mobile app does parent a great service

Recently, I used the OneService mobile application for municipal issues to report the necessity of having a proper pushchair and cycle access path near the Blk 32 bus stop in Chai Chee Ave. Every morning, I had difficulty…

Create great cities by putting people first, says expert

To build great cities of the future, authorities should radically rethink their urban planning approach by prioritising pedestrians first, instead of focusing on vehicles, according to Gabe Klein, Special Venture Partner at Fontinalis Partners and Chicago’s former Commissioner…

Auction listings see Q1 decrease

The total number of properties placed on the auction block fell to 141 units in Q1 2016, the first time the volume has gone under the 150-unit mark since Q4 2014, according to a report from Knight Frank.…

Two GCBs sold within two days

A 15,070 sqft Good Class Bungalow (GCB) at Fifth Ave was sold for $24.50 million, or $1,626 psf on Mar 29, 2016. This translates to a profit of $1.00 million or an annualised return of 0.9%. The seller…

Renewed interest in older, freehold condos on Scotts Road

A unit on the 18th floor of Scotts 28 was sold for $3.13 million ($1,888 psf), according to a caveat lodged with URA Realis on Apr 1. The seller of the 1,658 sqft, three-bedroom unit bought it for…

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