Daily Archives: November 8, 2016 (19 Articles Found)

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ARA founder John Lim leads consortium in S$1.8b buyout

ARA Asset Management Ltd group founder and CEO John Lim is leading a consortium including Cheung Kong Property and Straits Trading Company in a takeover offer at S$1.78 per share, valuing the company at close to S$1.8 billion.…

Dengue clusters down to 12; NEA urges public to keep up fight as cases last week remained below 100

The number of new dengue cases last week remained below the 100 mark as NEA urged the public to keep up the momentum in the fight against the mosquito-borne virus. Dengue clusters across the island have also been…

LTA slams brakes on speeding and unsafe riding

Twenty electric scooters have been seized since May after their owners were found riding on the roads, LTA revealed yesterday. They were confiscated as part of the LTA’s efforts to deter reckless riding by cyclists and users of…

Giant sucking sound? That’s Singapore retail

The giant sucking sound building up in Singapore’s empty shopping aisles just got louder. After a 174-year run, John Little, a well-loved department store, plans to shut down by Jan. Completing the karmic circle of birth and death,…

National Gallery Singapore celebrates first anniversary with a major festival

Next year, visitors to the National Gallery Singapore can expect more public art, more collaborations with intl museums, and a brand new Children’s Biennale. But before all that, the museum will be pulling out the stops for its…

North-South Corridor’s impact on Ellison Building can be reduced: MND

The impact of the North-South Corridor (NSC)’s construction on the 92-year-old Ellison Building can “be reduced to one corner shophouse unit, instead of a larger portion of the building”, said Senior Minister of State for National Development Desmond…

Food wastage issue calls for a collective effort

Singapore generated about 790,000 tonnes of food waste last year, equivalent to two bowls of rice per person daily. Given our limited landfill space, this amount is not sustainable. The recent launch of its e-book to guide retail…

Try new ways to find cause of CCL delays

That the source of interfering signals on the Circle Line remains a mystery, despite the protracted, albeit sporadic, string of occurrences, is troubling (“Whole-day shutdown the latest twist in CCL mystery signal hunt”: Nov 5). It is commendable…

Use common spaces to help educate residents

I commend the efforts to give Leng Kee Park a facelift (“Leng Kee Park transformed into a space for all ages after S$1.1m facelift”; Nov 7). This upgrading, which Lengkok Bahru residents had requested, was part of the…

Give funds to residents to organise events at void decks

Void decks are one of the common spaces in the community, yet they are often underutilised (“Use of void decks changes in tandem with community’s needs”; Oct 29). One way to allow these spaces to be used more…

Resale prices of condos down 0.7% in Oct: SRX

Resale prices of non-landed private residential units slipped a steeper 0.7 per cent in Oct after a 0.6 per cent decline in Sept, the flash estimate from SRX Property shows. The main drag came from the suburban area…

Power outage in Macpherson HDB block

Residents at a HDB block in Macpherson had to take the stairs and walk along unlit corridors as the block was partially without power for four consecutive days. From last Thurs, residents at Blk 37, Circuit Road, had…

Plan to build integrated development next to Buangkok MRT station

The government plans to transform the open field next to the Buangkok MRT station into an integrated development, revealed MND on Mon. In a written reply to a parliamentary query from MP Gan Thiam Poh as to the…

Defects in new HDB flats covered by a one-year warranty: MND

Rectification of defects in new HDB flats are covered by a warranty under the one-year Defects Liability Period (DLP), said MND. Aside from this, new flat owners are also offered extended warranty coverage for three major defect types,…

REITs vs actual properties – Which is a better form of investment?

The Singapore residential property market has been on the decline in the last three years, but that doesn’t mean investors have stopped looking for opportunities to tap into. In fact, thanks to the drop in property prices, those…

99.co’s guides: What to know about upgrading from HDB flat to condo

With condominium prices dipping to all time lows (since 2008 at least), it might seem like the best time to sell your flat and move on to the next step on that property ladder: the private condominium. If…

IMDA delays assessment of the potential fourth telco

IMDA has delayed the completion of its assessment for the three expressions of interest submitted by MyRepublic, airYotta and TPG Telecom by another 20 business days, a report by UOB Kay Hian said. The assessment on who gets…

Singapore plans to grow data centres by 25%

There is a high potential for mature telecoms markets in APAC Region to advance IoT development, leveraging strong ICT fundamentals, access to skilled labour, and more robust regulatory and legal frameworks, BMI Research said in a report. Key…

S-REITs succumb to selling pressures

The share prices of S-REITs have come under selling pressure over the past two weeks, with the FTSE ST REIT Index (FSTREI) declining 4.3% since Oct 24, OCBC Investment Research noted. While this is in-line with the broad…

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