Daily Archives: March 13, 2017 (31 Articles Found)

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Lifts need care too

After lunch, the 280m-tall Republic Plaza is bustling with people returning to work. With 15 double-deck lifts serving 66 floors, the elevators give off an almost continuous whirr and chime as they come and go. Designed to save…

Restrict number of shoebox units in condos

Many buyers of small or shoebox units do so due to affordability and the prospect of renting out the unit as an investment and passive income source. However, several issues related to short-term leases and illegal subletting are,…

Don’t let parking crunch get worse as population grows

I sometimes drive my son’s car. Each time I am out with the car, I face problems finding a parking space – be it at an open carpark in the heartland, at shopping malls, places of interest or…

Use HDB block roofs to collect rainwater

I suggest that we increase our rainwater collection to the open space on the roof of every HDB block. The water collected can be used to clean or wash the common areas, thereby saving the reservoir water for…

Electric wheelchair gets stuck when boarding trains

My husband and I are in our 80s. He uses an electric wheelchair, and I use a mobility scooter. He cannot walk, but I can get around if the distance is not too great. We knew that with…

Cooling measure tweaks could inject some optimism

The tweaking of property cooling measures last week, a first since they were rolled out in 2009, has surprised the real estate industry which had expected the curbs to remain unchanged for some time. The Government unexpectedly announced…

New showcase to seek views on Founders’ Memorial

A fenceless open-air museum with a playground for children, an interactive maze with historical photographs, an imposing tower that captures the spirit and struggles of Singapore’s pioneer generation. These are among the ideas Singaporeans have for the proposed…

Three-door bus hits the roads in six-month trial

Users of Bus Service 143 may find themselves riding in a double-deck bus with three doors from Mon, as part of a six-month trial on the new configuration’s impact on passenger flow. The trial will also look at…

More kiosks for replacing transport concession cards to be rolled out

Students to senior citizens will soon have more avenues to buy or replace their public transport concession fare cards. From June, TransitLink will be progressively rolling out 10 new kiosks at major transport nodes, with these locations to…

Households able to use smart electricity meter next year

We thank Mr James Poh Ching Ping (“Fast-track launch of meter giving real-time water data”, Mar 7) on his feedback to deploy smart meters so that households can better manage their utilities consumption. Smart electricity meters have been…

Don’t punish those using water conservatively

I refer to the Big Read article “Price of success? How S’pore’s water conservation message got diluted” (Mar 11). Water prices can be tiered to usage level for each household type. This way, households that use water conservatively…

Tweak water tariff hike to reflect usage level, household type

I refer to the Big Read article “Price of success? How S’pore’s water conservation message got diluted” (Mar 11). I support the need for all Singaporeans and our foreign friends living and working among us to appreciate the…

Keen interest at 2 property launches after govt eases cooling measures

Buying interest moved up a notch at two residential projects launched over the weekend, one day after the government announced the easing of some property cooling measures.mClose to 170 units of the total 497 units at Qingjian Realty’s…

Grab bars, handrails in some cells as number of elderly prisoners rises

The number of elderly prisoners has almost doubled in the past five years, and the Singapore Prison Service (SPS) has retrofitted some prison cells with senior-friendly features like grab bars and handrails. Last year, there were 651 inmates…

The making of a global developer

Oxley has come a long way since its roots as a Singapore-based property developer. Incorporated in 2010, it now has a presence in 10 markets across Asia, Australia and the UK, and most recently, made a foray into…

Surprise tweaks in property cooling measures seen signalling further unwinding

The government’s unexpected move to make “calibrated adjustments” to a couple of the residential property cooling measures amid a recovery in private housing sales volumes has baffled many market watchers. Could it be that the authorities were just…

Homeowner forced to move out after tenants skip rent for 3 years and refuse to leave Hougang flat

A simple case of rental turned into a nightmare for a 51-year-old homeowner when his tenants refused to move out of his flat even after owing three years of rent, causing him to become homeless instead. The owner…

Singapore, Hong Kong property marching in opposite directions

Whether you look at prices or policy, the property markets in Singapore and Hong Kong are marching resolutely in opposite directions. Singapore has eased some rules in its property market, after more than three years of home price…

Light at the end of the privatisation tunnel

It has been an 18-year wait for the residents of Braddell View for the privatisation of their HUDC estate. The other 17 estates had taken just two to three years to complete their privatisation processes – all largely…

Three ways technology is transforming real estate

Technology continues to be one of the main driving forces behind changes in the real estate industry. From drones and machine learning used in land inspection, to digital transformation in the form of automated transportation records, technology is…

Has the long awaited property easing measures finally come?

It’s finally happened – or so it seems. While steadfastly claiming that the property measures are here to stay, the government has finally eased the property cooling measures. These new measures took effect from Mar 11. So does…

Investment property vs buying to stay: 6 differences you need to know

For many years, Singaporeans have been living with the perception that having an investment property is a sure-win ticket to making a neat profit. But with recent cases where we’re seeing million-dollar HDB flats and staggering losses in…

Sentosa Cove: Why it may soon become the ideal place to rent

Vacancies have been on the rise at Sentosa Cove, with some analysts estimating the rate to be as high as 30 percent at the close of 2016. And while being vacuous is often considered a hallmark of Sentosa…

Fixed Deposit Home Rate (FHR) loan : Why you should get it for your property

What if I told you DBS is offering a zero spread on Fixed Deposit Home Rate (FHR) 18 loans? That’s right, you say “what?” because none of this stuff is in English. In order to clear up the…

The future of Singapore’s real estate

The Committee on the Future Economy (CFE), tasked with charting Singapore’s next phase of growth. First is the committee’s GDP growth target for Singapore of 2-3 per cent per annum. This is modest for a nation that has…

YTL Starhill Global Reit Management named Lim Kok Hoong as director

YTL Starhill Global Reit Management named Lim Kok Hoong as director He has more than 33 years of experience. Mr Lim, 69, has an extensive audit, financial consulting, and business experience in SEA. He has various directorships in…

Who are the biggest winners in the recent tweaks on property rules?

The recent easing of the rules in SSD and TDSR adjustments would benefit homeowners in their retirement years, according to market players. “We feel that changes to the TDSR framework will help homeowners to monetise their properties in…

Office supply glut expected to subside starting next year

There is currently a supply glut in the office market, forcing and pressuring rents to go down. However, the oversupply is expected to slowly fade starting 2018, a report from RHB said. For this year, the total space…

Could surprise easing of property cooling measures spark turnaround?

A surprise letup of property cooling measures – albeit minor and targeted tweaks – on Fri sent property developer stocks soaring to the highest in more than 20 months. But analysts believe that while the move is largely…

Ascendas-Singbridge to redevelop CPF Building for $1 bil

In 2020, a 180m-tall Grade-A office building will replace the former CPF Building. The consortium redeveloping the property into a new 29-storey tower at 79 Robinson Road comprises urban solutions provider Ascendas-Singbridge Group and its Japanese joint-venture partners…

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