Daily Archives: December 9, 2016 (25 Articles Found)

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Plan to save wildlife at site marked for housing

To save rare animals in a forested area in Lentor, URA has for the first time embarked on a novel wildlife management plan. The 30ha plot designated for private housing is being gradually cleared so that animals are…

Manulife said to be doing due diligence on PWC Building

PWC Building at 8 Cross St could be in the early stages of a potential sale. BT understands that insurer Manulife has been selected to do exclusive due diligence for the purchase of the 28-storey building, which has…

National Aerated Water sells Serangoon Road site to Malaysia developer

Malaysia-listed developer Selangor Dredging is buying a freehold site in Serangoon Road from National Aerated Water Company for $47 million. The plot at 1177 Serangoon Road has a two-storey art-deco-styled industrial building on the site. National Aerated Water…

When grains of sand are stronger than steel

Sand could be an untapped defence resource, according to researchers here. A team from NUS has found that sand can absorb more than 85 per cent of the energy exerted against it. More intriguingly, its ability to resist…

Carparks in DBSS developments not privately owned

Flats built under DBSS are designed, built and sold by private developers, and form part of public housing (“DBSS owners should not be charged for carpark use”; Dec 2). In a DBSS development, the developer purchases the residential…

Cycling code of conduct insufficient to ensure good behaviour

Recently, I was at a bus stop in a Silver Zone when a cyclist sped by and hit an elderly man. The elderly man’s hand was badly bruised and he tried to explain to the cyclist that he…

Automate cleaning process at food centres

It is commendable that food centres are regularly cleaned to ensure they are kept in good condition. However, NEA should be mindful that many working families depend on food centres for their daily meals, and so should ensure…

Public sector made marked progress over past two years: Report

The reliability of MRT train services was the blot on the copybook for the public sector, which otherwise made substantial progress over the past two years in areas ranging from healthcare, housing, counter-terrorism and retirement adequacy. The biennial…

Singapore one of few remaining strongholds for endangered songbird

The Republic can play a crucial role in conserving a songbird called the Straw-headed bulbul, whose numbers have been decimated in much of SEA — the only region where it can be found, say local bird enthusiasts. The…

Town councils should reclaim responsibility for lift maintenance from contractors

Following the decentralisation of estate maintenance, it has been difficult for individual town councils to enjoy HDB’s previous economies of scale in lift maintenance. HDB was able to employ a team of mechanical and electrical technicians to test…

Middleman economy thrives in property market

Some critics of the Internet and other disruptive technologies warn that technology will replace the middleman. AI will replace lawyers, bankers, stockbrokers, real estate agents, and even doctors. A computer will argue before the High Court, negotiate the…

SMRT rail performance data

SMRT’s engineering team tracks closely the performance of all rail lines because the data collated allows the team to know which areas of the rail network need more attention. Such data is shared with the public too. SMRT…

Gramercy Park named Best Residential Development Gold at MIPIM Asia

Gramercy Park by City Developments (CDL) has been named Best Residential Development (Gold) at the MIPIM Asia Awards 2016 ceremony on Nov 30 at the Grand Hyatt hotel in Hong Kong. The annual Awards are given in recognition…

Surge in number of industrial properties sold at a loss

More strata industrial properties were sold at a loss this year as rents and prices continued to weaken. In particular, the proportion of unprofitable deals for shoebox units spiked from 6% in 2015 to 22% in 2016 to…

More deferred payment schemes offered at high-end condos

The deferred payment scheme (DPS) offered at OUE Twin Peaks in Apr and a variation of it such as the “Stay-thenPay” programme rolled out by CapitaLand at d’Leedon and The Interlace in June have succeeded in moving unsold…

1,500 families gain from raised HDB income caps

More than 1,500 households benefited from adjustments in housing policy last year that allowed them to buy new subsidised flats, or resale flats using grants, HDB said yesterday. These were households that could not buy new or resale…

Local developers still keen to replenish land bank

Developers are seeing a challenging outlook ahead for the private residential market but many are still keen to replenish their land bank, albeit in a selective fashion. Sim Lian Group, which sold the most number of residential units…

More sites for private homes may be released

The Government is preparing for its next land sales exercise against a backdrop of bullish bids for sites and a declining stock of unsold private homes. This could nudge it to release more plots in this exercise –…

Why a severe dip in home prices is unlikely

OCBC Investment Research argues that a severe dip in home prices is improbable given the high price elasticity of demand in the housing market – that is, the city likely see significant buyer demand coming into the market…

4 reasons why UOL may outshine CDL next year

While CDL could generate positive total return (+7% upside) in the year ahead on undemanding valuations, Maybank KimEng expects UOL (+28% upside) to outperform and advocate a switch from the former given its outperformance in 2016. The research…

Sabana REIT to acquire Eunos Avenue property for $20m

Industrial group Sabana REIT announced that it will be acquiring a property located at 72 Eunos Ave 7 for $20m. The 67, 977 sqft property is a six-storey single-user light industrial located on the north-western side of Eunos…

Retail REITs to remain resilient despite 5% rental decline in 2017

Retail REITs in Singapore will still be on its feet despite impending rental declines awaiting them next year, as OCBC Investment Research said. The firm expects prime Orchard road rentals to decline by 2%-2.5% in 2016, with a…

S’pore home prices down 2% from year ago: Knight Frank

Home prices in Singapore fell two percent year-on-year in Q3 2016, while most countries in the world registered strong price growth, revealed a Knight Frank report. In fact, 44 of the 55 countries tracked in the report recorded…

Understanding rental yields in Singapore

Buying property can be an attractive investment option. There is a high probability that over a period of time, the value of the real estate that you have purchased will appreciate. In addition to the increase in the…

Complete guide to HDB housing grants in singapore for different types of flats

In Singapore, buying a HDB flat is one of the major financial decisions that most of us have to make, and usually requires a housing loan. As such, being familiar with the various housing grants available is important,…

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