Daily Archives: December 12, 2016 (18 Articles Found)

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Don’t keep illegal items in self-storage facilities: Self-Storage Association Asia

The Self-Storage Association Asia (SSAA) on Mon issued a statement warning customers not to store illegal items at self-storage facilities. This is after Singapore Customs seized 5,635 cartons of contraband cigarettes at a self-storage facility on Dec 7.…

Unusual businesses that open round the clock

Cannot finish your errands? Do not fret. Nowadays, it is possible to buy flowers and get photocopying done at all hours of the day, even in the dead of night. Apart from 24-hour gyms, spas, eateries, supermarkets, prawning…

Funeral parlours at Mount Vernon Columbarium granted lease extensions

For the second time, leases for funeral parlours at Mount Vernon Columbarium Complex will be extended and while operators welcome the news, they remain anxious about what the future holds for their operations. The first round of lease…

Singapore-KL HSR agreement will be inked on Dec 13

The bilateral agreement for the high-speed rail (HSR) linking KL and Singapore will be inked on Tues when PM Lee Hsien Loong meets his Malaysian counterpart Najib Razak at their leaders’ retreat in Putrajaya. The agreement, which follows…

Tanjong Pagar Railway Station to open one last time for Christmas do

The iconic Tanjong Pagar Railway Station will be open to visitors for one last time this Christmas before it closes for an extended period, SLA said on Mon. Gazetted as a national monument since 2011, the 84-year-old station…

Lukewarm interest in new cashless payment systems at hawker centres

The newest cashless payment provider to seek inroads into hawker centres has got off to a bumpy start, with hawkers who have completed a three-month trial saying that only a handful of customers have paid using the QR-code…

Shuttered baseball facility leaves kids’ dreams shattered, questions over S$200k in fees

A dispute between private baseball facility The Hit Factory (THF) Singapore and the Singapore Baseball and Softball Association (SBSA) has left 71 children and their parents in the lurch after the abrupt shutdown of the facility last month.…

Sales of upmarket condo units perk up

Singapore-listed property developer GuocoLand has sold all the 210 units in its Bukit Timah condominium project Goodwood Residence. The company, controlled by Malaysian tycoon Quek Leng Chan, told ST last Fri that it has moved its last three…

Bankrupt trader’s bungalow finds buyer

The freehold bungalow at 85 Branksome Road, vacated by the bankrupted MD of spice and nut trader Pars Ram Brothers and his family, has found a buyer. According to caveats obtained by BT, the property was sold to…

Good Class Bungalow prices set to soften further

The volume and value of transactions in Good Class Bungalow (GCB) Areas have risen so far this year, though prices continued to soften. Market views are mixed on whether transaction volumes will rise again or fall next year…

The Work Project is official co-working partner of OUE’s Downtown Gallery

The Work Project – a Hong Kong-based co-working space operator – is the official co-working space partner of Downtown Gallery in OUE Downtown, OUE’s upcoming mall located at 6 Shenton Way, BT has learnt. It will fill the…

3 reasons Singaporeans choose to rent out their homes on Airbnb rather than doing it the legal way

Singaporeans are usually law-abiding folk because everyone’s so darned scared they’ll be caught and their future ruined. But, despite knowing it’s illegal, more and more Singaporeans are quietly putting their properties on Airbnb. Short-term rentals are technically illegal,…

The property cycle: What are its 4 different phases?

It is well known that real estate prices are influenced by a variety of factors. Demographics play an important role, as does the pace of the economy’s growth and the rate of interest at which loans for purchasing…

Neighbourhood guides: Cool hangouts in Clementi you’d need to discover

There are plenty of tertiary institutions located in and around Clementi, but apart from that, this neighbourhood boasts plenty of interesting, lesser-known places that we’re betting you never knew existed.

When should you cut your property losses and sell?

It’s hard to deny that 2016 has been a bad year for property investors. Q1 2016 seems to have set the trend of landlords cutting losses, with one in three high end condos being sold for a loss.…

Re-energising Singapore’s retail scene

With island-wide vacancy rates for retail space in Singapore peaking at 8.4 % in Q3 2016 – the highest since Q1 2011 – it is safe to say the retail landscape is undergoing a transformation. Take F&B operators,…

Sales promoters must not obstruct public walkways

It is a common sight to see sales promoters standing right in the middle of the walkways at bus interchanges, the podiums of MRT stations and other public spaces. Usually, these places have high human traffic, especially during…

Room for slow rail service for discerning travellers

I hope Singapore and Malaysia can build a high-speed rail system that is the envy of the world (“High-speed rail bids to be evaluated ‘end-2018′”; Dec 9). If well thought out, it could become one of the best…

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