Daily Archives: September 28, 2016 (25 Articles Found)

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Japan PM promotes Shinkansen ‘bullet’ train to Singapore

Japanese PM Shinzo Abe used a meeting with his Singaporean counterpart on Wed to promote Japan’s Shinkansen “bullet” train technology for use in a planned high-speed railway linking Singapore and Malaysia. Abe, serving as top salesman for Shinkansen…

Why you shouldn’t use your CPF to pay for your house

There’s been a lot of news about the CPF lately. Apart from changes to the CPF Investment Scheme (CPFIS), there’s been some popularising of investing via the Special Account (SA). This is when you transfer all your Ordinary…

Financial pitfalls to avoid when buying a developer unit

Knowing your finances when you are about to buy a new developer unit is paramount. In most cases, you will be borrowing from a bank to finance your purchase (unless you carry around a suitcase containing $1 million…

99.co guides: Everything to know about paying for a BTO flat

Buying a BTO flat is almost a rite of passage for new couples in Singapore. But with the excitement of owning a home, comes the scary part of actually having to pay for it! That’s why our top…

Singaporean real estate startup raises $1m to help you rent a new place

A new property portal promises to help you find your dream abode in Singapore, and it has just announced a US$1.1 million seed round. Greyloft wants to simplify the experience of finding a home to rent online. It…

Stamp the Singapore residential outflow

Since the global financial crisis, central banks of major developed economies have adopted quantitative easing to reignite the domestic economy. Interest rates have fallen to a record low, while global inflation has dipped on the back of weaker…

Built environment sector urged to keep up with tech changes

Singapore’s built environment sector has to constantly evolve to address pressing needs and challenges facing the industry – especially in reducing the reliance on foreign manpower and the impact of climate change. This according to Senior Minister of…

Turning off the lamps to shine light on sustainability issues

For an hour each day, Ricoh APAC’s office is left a bit dimmer. Just after noon, the ceiling lights are switched off as staff leave their workspaces on their eighth-floor office for lunch. For the office equipment and…

Compass One opens – with strong focus on young families

Even as Singapore’s retail industry is mired in a prolonged slump, some malls are betting on playgrounds, nursing rooms and eateries with high chairs to draw the crowds. Sengkang’s Compass One mall, which officially opened yesterday after a…

Changi dock’s days may be numbered

The authorities are considering closing the dock beside Changi Point Ferry Terminal in the wake of a recent case of cigarette smuggling, ST has learnt. The dock, located along Changi Creek, is used by Singapore and Malaysian fish…

Tech at malls to cut security manpower needs

Soon it may be harder to spot a security officer at the taxi and vehicle drop-off points at Plaza Singapura, The Atrium @ Orchard and IMM Building. Starting from Sat, these malls will roll out new security teams…

Rats ‘living the high life’ in Choa Chu Kang

There is bad news if you think your home will not be disturbed by rodents if you live on a high floor. Rats have been spotted recently in at least two homes on the 14th and 15th floors…

Timeline: Recent major breakdowns on Bukit Panjang LRT

The Bukit Panjang LRT has been problematic from the time it started running in 1999. And it still remains so. Last year, it had 10 major breakdowns (those that last more than half an hour). In comparison, the…

Do more to make worksites safer

Construction sites are one of the most dangerous workplaces to be in (“54 workplace deaths so far this year; falls most common cause”; yesterday, and “Nine in 10 construction deaths due to workers overlooking safety: Manpower Minister”; Aug…

Track fault, dislodged components cause partial suspension of Bukit Panjang LRT services

Train services on the Bukit Panjang Light Rail Transit (BPLRT) were suspended temporarily in stages on Wed, due to a track fault that forced transport operator SMRT to run six trains, or half its usual number of trains,…

Bishan no longer active Zika cluster

Bishan St 12 is no longer an active Zika cluster. Bishan St 12 (Blk 122, 123, 134) is the first cluster to be closed since the first case of locally transmitted Zika virus infection was confirmed on Aug…

Tighten law on using personal mobility devices

I refer to the letter “Personal mobility devices pose safety risk on shared paths” (Sept 24). With the surge in these devices on the road, I have witnessed and experienced the danger posed by some users. Two weeks…

Here’s what developers can learn from CDL’s recent Forest Woods launch

For some analysts, the throngs of potential buyers crowding the showroom of City Developments’s Forest Woods may signal property price stabilisation, as this may reflect to stronger volume sales. But what did this project do differently to attract…

Has the prime residential properties market already found its footing?

Even with the decline in the prices of completed non-landed private homes in the city-state, the prime residential property market has seen rebounds in its prices in the past few months. According to ERA analyst Eugene Lim, the…

Private condo prices crumble 0.6% in Aug: NUS index

The city-state housing market is continually facing headwinds as prices of completed private apartments and condominiums contract 0.6% in Aug. According to NUS’s Aug 2016 flash estimate of Overall SRPI, the price contraction this month is in contrast…

Is price correction over for Singapore’s housing market?

Singapore’s household incomes have increased by almost 20% since 2011 on the back of solid economic growth. But this is hardly a good news for the housing market, as it is likely to deteriorate further in values, rents,…

Traffic growth at Changi Airport declined 0.6% YoY

Singapore aviation industry is possibly going through tough times with Singapore Changi Airport yesterday posting moderate growth in its operating statistics for Aug 16. For the period Jan-Aug 16, Changi Airport recorded steady growth of passengers throughput at…

Schenker to pay Cache Logistics Trust $0.77 psf monthly rent for 51 Alps Ave

A holding arrangement has been reached between Cache Logistics Trust and Schenker in relation to 51 Alps Ave until the Court’s final judgement of the dispute. The timing of the final judgement is uncertain at this point. In…

The Orchard Residences unit for $14.7 mil

At The Orchard Residences, a 4,532 sqft, four-bedroom unit was sold for $14.7 million, or $3,244 psf on Sept 15. This is the priciest transaction among non-landed homes in district 9 this year. On the second spot is…

Row of shophouses at Amoy St up for sale anew

The row of three contiguous, three-storey conservation shophouses with attic at 77 to 80 Amoy St have been put up for sale by public tender again, this time at S$64.3 million or S$2.5 million lower than its guide…

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