Daily Archives: September 30, 2016 (26 Articles Found)
M&G Real Estate unveils revamped Compass One
Compass One mall, formerly known as Compass Point, officially opened its doors on Sept 27 after an 11-month revamp and upgrading programme estimated to have cost more than $60 million. Not only has the suburban mall opened with…
Balloting of units at The Alps Residences brought forward
Like everyone else, Tan Zhiyong, MD of MCC Land, the developer of The Alps Residences, had to jostle his way into the sales gallery of the private condominium project on the weekend of Sept 24 and 25. More…
Unit at Hilltops sold for $2,419 psf
A handful of luxury condominium units in prime Districts 9 and 10 changed hands recently, according to caveats lodged with URA Realis in the week of Sept 13 to 20. In the prime Cairnhill Circle neighbourhood, a 1,550…
Windfall in District 20
Two landed homes off Upper Thomson Road fetched a total profit of $8 million on Sept 19. Both units were previously purchased in 2006 and held for 10 years. The bigger profit of $6.1 million accrued to a…
Homebuyers’ wish list
Private homes priced between $1 million and $1.5 million were the most sought-after among the respondents polled in a joint survey by Knight Frank and The Edge Property. The survey found that 217 of the 500 respondents, or…
Why illegal real estate agents are still a problem
CEA has done an admirable job of cleaning up the real estate business. It’s been awhile since illegal real estate agents made the news, with the most recent case being 56 year old Shakir Khan. While the number…
5 biggest turn-offs for homebuyers when purchasing resale property
You’ve reached that stage of life when you need to find a bigger place for your growing family. Or you could be a first time buyer couple eager to move out of your parents’ home. Rather than wait…
Report municipal problems online at new OneService Portal
Residents can now report all sorts of municipal issues – from pests to fallen branches to road potholes – on the new OneService Portal. Launched on Fri afternoon, the website at oneservice.sg allows users to pick the right…
New process for HDB water issues ensures smooth flow of action
When HDB residents face an issue related to their water supply, they might not know who to contact. Some water issues fall under the purview of PUB, while others are to be resolved by the respective town councils…
HDB to get new chairman on Oct 1
Mr Bobby Chin Yoke Choong takes over as chairman of HDB on Sat. He succeeds Mr James Koh Cher Siang, who retires on Fri. Mr Chin is currently the HDB Board’s Deputy Chairman. Mr Chin is concurrently the…
Delisting SMRT: Transition that is long overdue
SMRT Corp should not have been publicly listed in the first place. Readers may recall that I have written time and again about how it is extremely difficult for a public transport operator to serve three masters: regulator,…
Zika cluster at Bedok North closed: NEA
The Zika cluster located at Bedok North is now closed, according to data from NEA’s website on Fri. The area was identified as a potential cluster on Aug 30 after three Zika cases were reported there. In all,…
Ultrasound checks on sunbreakers at 4 Tampines HDB blocks
From Fri, HDB will use ultrasound scanning equipment to check the condition of all sunbreakers in Blk 201E Tampines St 23, as well as the surrounding blks 201A, 201B and 201D on Tampines St 21. The checks come…
Bus crashes into Yio Chu Kang Tennis Centre
For the second time in as many days, a public bus has gotten stuck in an unlikely place — this time in a tennis court. An SBS Transit bus, which was off duty, crashed into the fence of…
New pilot scheme to streamline delivery of goods to malls
A new high-tech method to coordinate deliveries and reduce congestion at malls has helped to shave average waiting time by 70 per cent for drivers loading and unloading goods. The pilot of this In-Mall Distribution scheme was done…
More malls to experiment using ‘smart’ technology for cleaning, security services
Robots that mop and clean and systems that manage queues and use face-recognition software are among the tools that malls here are experimenting with, in order to “smarten” facilities management to provide a high level of comfort and…
Make public transport user-friendly for everyone
The attempt to equip transport hubs with user-friendly features is laudable (“New transport hubs to be equipped with user-friendly features”; Sept 27) Some time ago, parts of the queue railings at bus interchanges were removed for the benefit…
Time to tackle real estate’s structural changes
Structural changes are taking place in the real estate sector and will one day pull the rug from under our feet if we are not prepared to tackle the challenges. The rise of e-commerce, a weak consumer market…
Financial centres need innovation and culture to thrive
Singapore is ranked second in the Cities of Opportunity Index, second only to London. This makes Singapore the highest-ranked Asian city in the report by PwC, which looks at the economic and social strengths of a city. This…
Prices of high-end homes bottoming out: JPMorgan
High-end home prices are bottoming due to reasons such as a significant volume pick-up, return in foreign interest, relatively cheaper pricing compared to global peers and a limited supply in the medium to long term. This is according…
Two new condos sell more smaller, pocket-friendly units
Two condos about to be launched are heavily skewed towards smaller units in a bid to offer potential buyers more pocket-friendly prices. City Developments (CDL) said yesterday that 89 per cent of the 519 units in its Forest…
Industrial space rents slip by 1.2% to $2.08 psf in 3Q
The industrial sector continued to face strong headwinds in most industries and sectors, putting further pressure on both industrial space rentals and prices in Q3 2016. Data from Knight Frank show that overall island-wide rents declined by 1.2%…
Industrial spaces to bear the brunt of battered manufacturing sector
Industrial rents and prices are expected to continue to soften in the coming quarters as Brexit is seen to create uncertainties in the global economic health, especially that of the EU. According to Savills, the impact from Brexit…
Why Fernvale home site tender keeps developers excited amidst muted market outlook
It is quite uneasy for developers to venture into a new condominium project especially under the GLS system since all units need to be completely sold within five years if the ABSD is to be avoided. But what…
Here’s why developers will lock horns over possible disposal of United Engineers
The news on OCBC’s potential disposal of United Engineers (UE) has hit the media once again, piquing the interest of the developers who would willingly take the responsibility of taking over the building and construction group. But what…
Singapore home market unaffected by Indonesian tax amnesty
The implementation of the Tax Amnesty Scheme (TAS) in Indonesia has not had any material impact on Singapore’s residential segment, said Credit Suisse in a report. Credit Suisse noted that Indonesians have historically been amongst the largest foreign…
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