Daily Archives: February 22, 2017 (20 Articles Found)

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Will home sellers jack up prices after increase in housing grants?

With the announcement of enhanced resale flat grants comes the question on homebuyers’ minds: Will sellers raise prices? CPF housing grants, which are effective for resale flat applications from Mon, were raised by $10,000 to $20,000 for first-timer…

Costlier water: Businesses say knock-on effect on prices unlikely

That cup of coffee at the kopitiam is unlikely to increase in price even with water prices going up in July. Businesses yesterday told STs that water does not make up a significant part of total expenditure and…

Bigger hike in water prices needed to curb waste: Experts

The increase in water prices announced by the Government on Mon may be necessary to control usage, but some experts said the jump needs to be bigger if it is to curb wastage. Industry leaders and water experts…

Have paid ads in lifts to help defray costs

I wonder why town councils are resorting to raising S&CC when there are other ways to generate revenue to defray the maintenance costs (“Higher services, conservancy fees soon for most HDB residents”; Feb 18). For instance, billboards could…

RSS Singapura name in line with naval tradition

The Singapore Naval Volunteer Force (SNVF) veterans are proud that the Republic of Singapore Navy’s (RSN) Changi Naval Base’s new name will include the name of our former headquarters RSS Singapura. It is regretful that Dr Sunny Goh…

Beach litter also swept in from offshore

We thank Mr L. R. Erickson and Mr Bennie Cheok for their feedback (“What happened to clean Singapore?”; Feb 15, and “Time for stronger anti-littering enforcement in Changi”; Feb 18). Keeping Singapore clean is a key task which…

Soften the impact of water price rise

The rationale behind the 30 per cent increase in the price of water in the Budget statement is understandable, but more can be done to soften the impact of the rise. There should be rewards for those who…

Founders’ Memorial should be a tribute and celebration

I am delighted that Singapore is going to have a Founders’ Memorial to preserve the memory and contributions of the country’s founding leaders (“Founders’ Memorial: Most favour Bay East Garden”; Feb 14). A memorial can come in many…

Singapore should have wildlife control down to a science

Where there is limited space, intensive management of the things taking up that space is needed. Roads are limited in Singapore, and so the number of cars is managed intensively. Our options are to either build more roads…

OUE issues comfort letter to IHC

Days after it mounted a surprise takeover offer for Intl Healthway Corp (IHC), property developer OUE has moved to calm the target company’s creditors and stakeholders after IHC flagged potential going concern issues. Shares in IHC had been…

A new party has emerged in the race for Jurong Point

BT has learnt that Mercatus Co-operative – an NTUC social enterprise that owns and manages suburban malls – is now the front runner for Jurong Point. Its bid is understood to be about S$2.2 billion, which would translate…

‘Commendable’ move to rename World War II exhibit

Five days after the revamped permanent exhibit at the Former Ford Factory was renamed “Surviving the Japanese Occupation: War and its Legacies”, crowds thronged it – lured not so much by the controversy but by the glimpse it…

Jurong Island project to manage stray dogs without culling shows results

After two years, a project to control the population of stray dogs on Jurong Island without culling them has borne fruit, with about 70 per cent of the pack sterilised. A total of 168 of the 504 neutered…

Seeking public views vital to success of projects

It is a healthy sign that the Government has listened to feedback and decided to rename Syonan Gallery more realistically to “Surviving the Japanese Occupation: War and its Legacies”. That many whose family members the Japanese troops had…

Hawker Centres 3.0 should be air-conditioned

I agree with the writer of “Spend more on hawker centres to widen their appeal” (Feb 14) that more can and should be done to secure the future of the Singaporean hawker tradition. Breathing new life into our…

Budget 2017’s CPF housing grant for resale flats increase: What it means for Singaporeans

So our Finance Minister Heng Swee Keat announced in his Budget statement on Mon that the CPF Housing Grant for first-timer couples purchasing flats from the resale market has been raised from $30,000 to $50,000. Whoo-hoo! We now…

MLT to sell 20 Old Toh Tuck Road for S$14.25mil

Mapletree Logistics Trust’s (MLT) trustee, HSBC Institutional Trust Services (Singapore) Limited, has entered into an option to divest 20 Old Toh Tuck Road to MSS Toh Tuck Pte Ltd for S$14.25 million. With a GFA of around 7,531…

Singapore among most expensive places to rent

Singapore emerged as the world’s fifth most expensive place to rent a home based on available property listings, according to research done by UK-based property portal, Nested. On average, rental cost here stands at £2.68 (S$4.73) psf, monthly…

Experts not surprised with government’s stance on home curbs

The government’s decision to keep its residential property curbs came as no surprise to industry experts. In a Bloomberg interview, MND Minister Lawrence Wong revealed that Singapore’s home curbs will likely stay for some time since demand in…

Carbon tax and water price hike to dampen REIT dividends

With the implementation of carbon tax and increased water prices in Singapore after the Budget 2017, dividends paid out by REITs is expected to decrease. According to Cushman & Wakefield Director for Research Christine Li, the increase in…

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