Daily Archives: September 2, 2016 (19 Articles Found)

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Hard Rock Cafe Singapore reopens

Iconic restaurant-bar Hard Rock Cafe Singapore at 50, Cuscaden Road, will reopen its doors today after closing for renovations in early May. With refurbished premises also comes an updated collection of rock ‘n’ roll-themed memorabilia, including a handmade…

Singapore eases refinancing rule for homeowners as economy cools

Singapore’s central bank is relaxing refinancing rules for some homeowners as the economy cools, making it easier for those struggling with their borrowings to roll over their mortgages. Households who are refinancing their existing mortgages will be exempted…

Council of heritage practitioners slams decision to demolish and reconstruct historic Ellison Building

The Intl Council on Monuments and Sites (Icomos) Singapore has issued a strongly worded statement against the authorities’ decision to demolish and reconstruct part of the conserved Ellison Building. The council, part of the intl Icomos Unesco advisory…

askST: How does the Circle Line train signalling system work?

Reader Andrew Kurniawan Ng wanted to know how the MRT signalling system works, and why a glitch in it can cause such “havoc” as seen on the Circle Line this week. Senior Transport Correspondent Christopher Tan replies. Signalling…

Mobile signals turned off at MRT stations as part of investigations

In an unprecedented move, mobile signals were switched off at four Circle Line stations for two hours on Fri evening as part of investigations into the persistent signal interference that has caused travel delays for the past five…

Frustrations mount as Circle Line delays persist for fifth day

For a fifth consecutive day, the Circle Line (CCL) is being affected what LTA and SMRT described as “signal interference” — a problem that they are still trying to come to grips with, as they seek help from…

Hotel room glut, soft corporate demand to hit hospitality sector

The increase in hotel room supply coupled with a weak corporate demand outlook will continue to present operating challenges to the hospitality industry in Singapore for the rest of the year, said analysts at OCBC Investment Research, which…

Lost in the mall? Count on the guiding light

Lost in a shopping mall or need to find your way to the promotions or products you are looking for? Let your smartphone talk to the lights around and they will show you the way. That is visual…

Impose more severe penalties for those found to be breeding mosquitoes

I refer to the report “Zika spreads; first pregnant woman diagnosed” (Sept 1). Like all Singaporeans, I am concerned with the speed of the transmission of this disease in tiny Singapore. I hope all the television channels will…

Singapore sale of rare Marina Bay land set to fetch bumper price

The first sale of land in Singapore’s Marina Bay in nine years is set to fetch a bumper price as developers jockey for a piece of the sought-after financial district. The 1.1 hectare (2.7 acre) plot may fetch…

Mozzie traps help NEA pinpoint Zika high-risk areas

The Zika cases so far have emerged in Aljunied and Bedok but Singapore must assume that the virus is elsewhere in the country too. In his first remarks on the outbreak – now in its fifth day, PM…

What you need to know about the latest development charge rate hikes

In Singapore, the development charge (DC) rates on three use groups – commercial, non-landed residential, hotel/hospital were raised effective Sept 1. This is a reversal from the last revision in Mar 2016, where the DC rates for the…

Here’s the missing link to lower hotel occupancy despite tourist surge

With the surging tourist numbers recorded by Singapore’s tourism board in the first quarter of the year, higher hotel RevPAR is expected. However, this was not the case, as the 13.8% YoY growth in tourist failed to prevent…

LHN locks carpark deal for $26 million

Real estate management services group LHN Limited completed its acquisition of a carpark property located at Golden Mile Tower along Beach Road. The said acquisition was done through its 50%-owned joint venture company, Metropolitan Parking Pte Ltd. The…

One-bedders in Tanjong Pagar see renewal of interest

Activity in the Tanjong Pagar neighbourhood has picked up in recent weeks. At Icon, considered the first inner-city apartment development in the Tanjong Pagar area, two units changed hands in the week of Aug 16 to 23. One…

More District 9 sellers in the red

There were more losses than gains for property transactions in prime District 9 in the week of Aug 16 to 23, based on URA caveat records. Three of the heftiest losses incurred in the week were from this…

Investing in medical suites from a doctor’s perspective

Singapore is said to be losing its lustre as a medical hub as the strong Singapore dollar and high healthcare costs are causing medical tourists to flock to cheaper places such as Thailand and Malaysia. Yet, a prominent…

CapitaLand launches Victoria Park Villas at lower prices

Despite softer market conditions, property developer CapitaLand will officially launch Victoria Park Villas tomorrow. The 99-year leasehold project in District 10 comprises a cluster of 109 luxury landed homes perched on elevated land next to a Good Class…

Other property measures may be eased after TDSR tweaked: report

The decision by MAS to revise the refinancing rules under the Total Debt Servicing Ratio (TDSR) framework is seen as a favourable move by Credit Suisse, and a possible precursor to further revisions of other property cooling measures.…

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