Daily Archives: February 20, 2017 (21 Articles Found)

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Singapore Budget 2017: $700m of infrastructure spending brought forward

Companies and sectors grappling with cyclical downturns or industry shifts will receive more near-term help from the Government. Some of the measures are targeted rather than broad-based given the economy’s uneven performance with some industries doing better than…

Woman in her 30s attacked by bees in Ang Mo Kio park

A woman in her 30s was badly stung by a swarm of bees in a park at Ang Mo Kio on Mon morning. The incident occurred at Ang Mo Kio Garden West at about 8am, opposite Ang Mo…

Man rescued from 4th-storey ledge after fire breaks out in Bedok Reservoir flat

A man was rescued from a fourth-storey ledge after he climbed out to escape a fire that broke out in his HDB flat on Mon afternoon. Neighbours gathered under the block said they saw thick black smoke coming…

Condo residents should moderate expectations, get more involved in estate matters

I agree with Mr Sivarajah Nathan that condominium living should be exclusive, with every resident playing his part to be responsible and respectful to contribute towards a pleasant and harmonious environment (“Abide by rules for good condo living”;…

Numbers provide little relief to non-smokers

NEA cited a lot of numbers in its reply, which detract from the real issue (“NEA takes strict stance against smokers who flout law”; Feb 16). It gives little relief to non-smokers who have to continue to inhale…

Turn canal boardwalk into alternative flea market

To some, the Sungei Road flea market, or Thieves Market, is a heritage icon with an intl decades-old brand that is worth preserving (“Preserve icons that build history and define culture” by Dr Wong Wen Tsung; Feb 17).…

Chicken-culling issue ought to have been better managed: AVA

When it comes to managing Singapore’s animal population, culling will be done only as “a last resort”, said Minister of State for National Development Koh Poh Koon in Parliament on Mon. He was responding to questions by MP…

Water prices to go up by 30% by July 2018

Turning on the tap will be more costly from July, when the first of two rounds of water price hikes takes effect. Water prices will go up a total of 30 per cent by July next year, said…

Carbon tax to be imposed from 2019 to cut greenhouse gas emissions

From 2019, emitters of greenhouse gases will be taxed for every tonne of gas they release into the air, sending a price signal to power stations and large emitters to reduce their carbon footprint, said Finance Minister Heng…

New vehicle emissions scheme to include four more pollutants

A new Vehicular Emissions Scheme, taking into account four more pollutants apart from carbon dioxide, will replace an existing one from Jan 1 next year, in a bid to get motorists to buy environment-friendly vehicle models. The four…

Chickens are domestic poultry and pose bird flu risk

In his letter “Experts don’t recommend culling of wild birds”, Mr Sankar Ananthanarayanan highlighted that UN’ Food and Agriculture Organisation and the World Organisation for Animal Health do not recommend the culling of wild birds. He questioned the…

3 ways the government can regulate short-term home rentals in Singapore

Renting out your condo on Airbnb is a little bit like having gay sex—it’s technically illegal, but the government hasn’t taken any action yet. Officially, renting out any property for less than 6 months, whether the entire unit…

Mortgage insurance: What is it and why homeowners should get it

Singaporeans have about 45.8 percent of their assets in residential property, and this is hardly surprising given that more than 90 percent of citizens own a home. This also means mortgage loans make up a large percentage of…

Is 2017 a good year to invest in multiple properties?

It has been a good three years where prices of private residential properties have been going through a soft landing. Since the second half of 2014, investing in multiple properties was no longer in vogue. This was a…

4 reasons why Hong Kong’s new stamp duty can’t save Singapore’s property market

Bloomberg recently published an article on how ‘Hong Kong property tax may help end Singapore’s housing slump’. The journalist cites the remarks of a Cushman & Wakefield spokesperson that foreign buyers may turn to Singapore after the 15…

CapitaLand’s residential sales poised for a strong uplift this year

Big-time developer CapitaLand continued to see strong momentum in its residential division in both Singapore and China, a report from DBS Group Vickers noted. The report noted that in Singapore, the group the group has substantially sold most…

United Square transforms retail space into study area

UOL Group has transformed 592 sqft of retail space at its United Square shopping mall into a study area for students to do their homework, revision and hold project discussions. Specifically designed to provide a “holistic environment for…

Budget 2017: Govt to raise CPF housing grants

In his 2017 budget statement, Finance Minister Heng Swee Keat shared that CPF housing grants will be raised from $30,000 to $50,000 for first-time applicants looking to buy 4-room or smaller HDB flats on the resale market. For…

Annual review of condo managing agents no longer needed?

The government is seeking the public’s feedback on 33 proposed amendments to the Building Maintenance and Strata Management Act, one of which would eliminate the mandatory annual review of managing agents of strata-titled properties. Under existing rules, managing…

Property firms eager to become master developers

Many developers in Singapore have expressed their eagerness to participate in a private-public partnership model that will see them master planning new districts. In recommending the “master developer” model, the Committee on the Future Economy said the government…

Overwhelming crowds reported at Grandeur Park Residences preview

Grandeur Park Residences, CEL Development’s latest condominium in Tanah Merah, received very strong interest from buyers, with 10,000 people turning up at its showflat over the weekend. With sales set to start on 4 Mar, the average price…

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