Daily Archives: October 4, 2016 (14 Articles Found)

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Billionaire Riady Family said to seek stake in Singapore’s United Engineers

OUE, backed by the billionaire Riady family, plans to pursue a stake in Singapore property group United Engineers, a person with knowledge of the matter said. Singapore-listed OUE is interested in bidding for shares held by OCBC and…

Negotiation tips to get the best value on your resale flat

If you’re on the lookout for a master class in negotiations, I’d recommend looking no further than Tekka Market – those aunties could give Warren Buffet a run for his money. But what works in the wet market,…

A floating nuclear power plant – off Singapore?

The Fukushima nuclear plant disaster in 2011 left the world with a deep aversion to nuclear power. However, the approval last month by Britain for the construction of a nuclear plant at Hinkley Point is a symbolic turning…

Four Zika clusters closed; no new cases in Singapore for third day running

Four Zika clusters were closed on Tues, according to data on NEA’s website. The clusters at Joo Seng Road, Ubi Ave 1, Balam Road and Hougang Ave 7 have all been declared closed after no new cases were…

17 organisations, individuals receive award for reducing energy use

A total of 17 organisations and individuals were recognised at the Energy Efficiency National Partnership Awards 2016 on Tues for their efforts in reducing energy use. The recipients include companies from industries such as petrochemicals, electronics and food…

Activist backer Quarz urges Singapore’s Metro to return cash

Activist investor Quarz Capital Management has turned its sights on Singapore, calling on retailer and real-estate developer Metro Holdings Ltd to return excess cash to investors. Metro’s net cash holdings of S$393 million is high compared with other…

Dislodged platform screen door causes disruption on Downtown Line

Some students sitting for N-level exams were among those affected when train services on the Downtown Line (DTL) between King Albert Park and Sixth Ave stations were disrupted for about two hours on Tues morning, after a platform…

Good to have shared paths, but add some new rules too

Recent incidents involving personal mobility devices have created public resentment. Many criticise the need for personal mobility devices and bicycles to soon share footpaths legally with vulnerable pedestrians. I must point out, however, the greater good this does.…

Keppel completes upgrade of Singapore’s third waste-to-energy plant

Two years after the agreement pushing for the capacity upgrade of Senoko Waste-to-Energy plant was inked, Keppel announced that it has completed the said upgrade ahead of deadline. The announcement was issued by Keppel Infrastructure Fund Management (KIFM),…

Bleak outlook for home rental sector remains despite strong demand in 1H

Demand for private residential leasing transactions is on the rise but it is unlikely to outstrip supply just yet, said Savills. After an increase of 5.7% in the first quarter, private residential leasing transactions jumped 10.8% in Q2/2016,…

$3 million profit in Sentosa Cove

Sept 26 saw the second transaction for a detached house in Sentosa Cove this year. A house at Ocean Drive with a land area of 9,580 sqft was transacted at a profit of $3 million for the seller…

Ascendas-Singbridge in joint venture to redevelop former CPF building

Singapore business space developer Ascendas-Singbridge announced Tues that it has entered into a joint venture (JV) with consortium Mitsui – Tatemono JV to redevelop the former CPF Building at 79 Robinson Road. This follows almost a year later…

Forest Woods condo attracts over 500 cheques

The Forest Woods condominium in Serangoon Central will be launched this Sat, said home builder City Developments Limited (CDL), which is jointly developing the project with Hong Leong Holdings and TID. The 519-unit project has already received a…

Home price drop likely due to new reporting rule for developers

URA’s flash estimates of a 1.5 percent drop in private home prices came as a surprise to analysts and erased hopes that the market may be bottoming out following several quarters of mild price declines, reported BT. Some…

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