Daily Archives: May 23, 2016 (17 Articles Found)

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Retail gloom in Singapore offers expansion opportunities: Taiwan’s iROO

Following the opening of its fifth boutique in Singapore last month, Taiwanese fashion label iROO plans to continue expanding in the city-state despite a tough retail climate, which has forced some domestic and intl retailers to throw in…

Kopitiam owners say rent hikes are unlikely

Prices at your neighbourhood kopitiam should remain stable for now. Coffee shop owners told TNP that they have no plans to raise rents these two to three years. Mr Hoon Thing Leong, 68, chairman of coffee shop chain…

HDB shops get upgrade

He used to see fewer than five customers a week, but after upgrading his shop through HDB’s Revitalisation Of Shops (ROS) scheme, he now sees about 20 people weekly. Mr Chen Wing Fatt Michael, 60, owner of interior…

Former railway land to be used for bus interchange

Once owned by Malayan Railways, a plot of state land next to Blair Road overgrown with shrubs will be cleared for the building of a carpark and bus interchange. They will be ready next year, in time to…

Co-working spaces help to keep costs down

Instead of typical offices, some foreign companies have been renting shared working spaces here to expand into Singapore and the region quickly, while keeping costs down. Hong Kong-based Giles Publications, which provides copywriting, translation and design services, is…

North-south, east-west who’s the best?

I have often been accused by my LTA engineer friends that I hardly write anything positive about Singapore’s transit system. It is an accusation I have no problem in refuting, but I must admit that recent events have…

A city truly moving with the times

Kick-starting a scheme to share bicycles would enable Singapore to join the ranks of Paris, London, New York, Montreal, Melbourne, Taipei and other cities where active mobility is celebrated. Instead of burning fuel and money needlessly, citizens there…

Rare animals and plants in Pulau Ubin you won’t get to see in Singapore

The next time you visit Pulau Ubin, take a closer peek at your surroundings, as it might reveal treasures of nature that are more unique and interesting than a cursory glance of the coastal and old kampong charms…

Stars of Kovan units fetch even less than expected

Cheung Kong Property Holdings has sold around 60 units of its private condominium project Stars of Kovan at an average price of S$1,408 psf, lower than the average pricing that it had indicated ahead of the VIP pre-sale…

Proprietors of church face suit on alleged breach of $18.5m deal

Proprietors of a church who allegedly failed to honour an $18.5 million deal to sell its Bedok premises and lease another site in Eunos are being taken to court for damages and breach of contract. Legacy Strategies, the…

Court denies buyer of $270k resale flat legal ownership

A man has been put in a quandary after his purchase of a resale flat for $270,000 from a dementia-ridden owner was not legally recognised. Mr Peter Nathan, 55, who failed to obtain legal ownership of the Tampines…

Shunfu Ville sale may be one-off

News of the $638 million collective sale of Shunfu Ville last Fri must have been heartening for many owners of flats in ageing condos but the champagne should be kept on ice for a while longer. Only one…

Govt ICT tenders totalling S$2.82 billion to be called in FY2016

The Government will be calling for a projected S$2.82 billion of ICT tenders in FY2016, the highest projected figure since 2012, as it continues its drive to develop Singapore as a smart nation. The bulk of the projected…

Sisters’ Islands Marine Park to be conservation site

The Sisters’ Islands Marine Park is set to become a site for marine conservation, research, outreach and education, under plans revealed by NParks on Sat. The 40ha park, the first marine park in Singapore, stretches around the Big…

Global-thinking CDL is still Singaporean at heart

City Developments Limited (CDL) may have placed great effort in recent years to grow its global footprint from the appointment of an Australian as its very first CEO to rapid overseas expansion but the listed homegrown property unit…

CapitaLand Commercial trust to become sole owner of CapitaGreen

CapitaLand Commercial Trust (CCT) is set to become the sole owner of the 40-storey office tower CapitaGreen, following its announcement in an SGX filing on Mon that it will acquire the remaining 60 percent interest it does not…

Residential market: Going against the tide

There has been much pessimism in the private residential market since the start of the year, with the release of a series of economic data suggesting subdued economic growth. News that the government would not be lifting the…

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