Daily Archives: August 3, 2017 (26 Articles Found)

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CapitaLand doubles profit, to be more aggressive in Singapore residential market

CapitaLand, SEA’s largest developer, plans to be more aggressive in vying for residential land in Singapore as the city-state’s property market revives, its group CEO said on Aug 3. China and Hong Kong currently account for 43% of…

Singapore property market is ‘bottoming out,’ says biggest developer’s CEO

Singapore’s biggest developer, CapitaLand detects signs that the city’s residential property market is “bottoming out” after a run of price declines, CEO Lim Ming Yan said. Many investors are seeing Singapore as relatively more attractive than Hong Kong,…

Putting in the effort to be good neighbours

Minutes after full-time NS Lee Zhi Pheng, 22, left his HDB flat in Tampines one morning in June, he was in for a rude shock. A WhatsApp message had come in from his mother, with a photo of…

A mosque named after woman merchant and philanthropist

In Singapore, relatively few roads and places are named after women and the same goes for mosques. Hajjah Fatimah Mosque in Beach Road stands out for being one of the few named after a woman. There are only…

Workplace safety is everyone’s job

We read with interest the letters by Ms Dipa Swaminathan (Consider stiffer measures to deter work safety breaches; July 17), Mr Rajasegaran Ramasamy (Developers must get involved in safety meetings too; July 21) and the Commissioner for WSH…

Appalling maze at Tampines Swimming Complex

I had great expectations when I visited the new Tampines Swimming Complex, which opened with much hype last month at the sixth floor of Our Tampines Hub. But I was shocked and disappointed when I came out of…

Correct to exclude re-signalling faults when measuring rail reliability

We thank Mr Chan Yeow Chuan (Biased figures on MRT breakdown rate; July 29) and Mr Tan Shao Yi (Use more meaningful measures in evaluating the MRT; July 31) for their letters on measuring our rail reliability. The…

More action needed to prevent robberies at cash-rich premises, say experts

Two armed robberies in two days in Singapore has prompted authorities and security experts to call on cash-rich establishments to beef up crime preventive measures. On Mon, a man wearing a motorcycle helmet robbed a Shell petrol station…

Some real estate agents unhappy about PropertyGuru’s impending price hike

Local property search portal PropertyGuru’s (PG) decision to increase prices for property agents to list on its platform has sparked a backlash among some real estate agents. According to a notice PG sent to its subscribers on Jul…

NEC opens first ‘living lab’ to test solutions for public safety, transportation, healthcare

Japan’s NEC Corp announced on Thurs the opening of its first Advanced Centre for Experimentation (ACE), aimed at facilitating the company’s global R&D capabilities. Operated by NEC Laboratories Singapore, the ACE will serve as a “living lab” for…

Kingsford Construction fined S$130,000 for repeated safety lapses at Hillview Peak worksite

Kingsford Construction has been convicted and fined S$130,000 after it showed “repeated failures and recalcitrant attitude” towards WSH, said MOM on Thurs. MOM said that it had uncovered multiple, repeated safety lapses at the construction firm’s Upper Bukit…

LTA impounds 278 indiscriminately parked shared bikes, 70 cases in July alone

LTA has impounded 278 indiscriminately parked dockless bicycles since the start of the year, with 70 cases in the last month. The bulk of the impounded bicycles – 212 – came from Obike, while there were 65 cases…

High costs, labour crunch will test Amazon Singapore: Analysts

While it comes with a big reputation, Amazon may struggle to fully replicate in Singapore a business model that has brought the country much success in various parts of the world, experts say. The US-based e-commerce giant has…

LaunchPad attracts more high-tech start-ups

Some 14 per cent of firms based at Singapore’s start-up hub JTC LaunchPad @ one-north have shut down and another 47 per cent have “graduated” and relocated, found a study by NUS Entrepreneurship Centre. The LaunchPad was established…

New lease of life for malls?

The arrival of e-commerce giant Amazon in Singapore last week was one of the worst-kept secrets here. For months, local customers had heard about the American online retailer’s largest-ever warehouse – a 100,000 sqft facility at Mapletree Logistics…

New Payments Council to plot S’pore’s cashless drive

MAS has roped in representatives from several tech companies into its newly formed payments council, as its members look at how to build a cashless society in Singapore. The individuals include ride-hailing company Grab’s founder Anthony Tan, CEO…

A curious case about ABSD

ABSD caught many by surprise as it took effect the day after it was introduced on Dec 7, 2011. In essence, ABSD is an additional tax payable on top of the usual stamp duty on the acquisition of…

6 items to double-check on your home loan before signing on the dotted line

For most people, getting a home loan is pretty serious business. It’s a long-term commitment, which will probably eat into your finances for the next 20-30 years. That’s why it’s so important to go through all the fine…

Illegal short-term rentals on the rise, neighbours encouraged to report suspicious activity

More private property owners in Singapore are renting out their units for illegal short-term stays via apps such as Airbnb. According to MND, the number of reported cases rose from 377 in 2015 to 608 last year. In…

Serangoon North Avenue site awarded

The tender for a 17,189.1 sqm residential site at Serangoon North Ave 1 was awarded to Corson and Wingjoy Investment, after the entities of Keppel Land and Wing Tai submitted the highest bid of $446.28 million, revealed URA…

Car park and retail unit at People’s Park Complex for sale at $55 mil

A multi-storey car park and a strata retail unit at People’s Park Complex have been put up for sale by EOI. According to Savills Singapore, the indicative price for the property is between $55 million and $60 million.…

M+S developing app for Marina One and DUO

M+S announced on Aug 2 that it will have a digital app, MySphere, for its Marina One and DUO developments. The app will serve as a one-stop interface for services such as e-booking of residential facilities, concierge services…

SLP forming alliance with LandPlus Group

SLP Intl Property Consultants signed an MOU with LandPlus Group on Aug 2. Under the MOU, the two agencies leverage on their strengths to offer training to each other’s agents. The agents will also be given opportunity to…

Qingjian Realty’s Le Quest to open for booking

Qingjian (South Pacific) Group will launch Le Quest for sale on Aug 5. Situated at Bukit Batok West, Le Quest is Qingjian Realty’s first mixed-use development in Singapore. It comprises 516 residential units and 64,584 sqft of commercial…

HDB resale prices dip 0.6% in July

The resale prices of HDB flats fell by 0.6% in July as more flats were sold. According to the latest figures from the SRX property, only the resale prices of HDB 5 Rooms increased, up by a measly…

En bloc sites to continue gaining traction

There is a continued optimism in bids for GLS and en bloc sites, DBS Group Research said. This drive amongst developers comes from the intent to replenish their land bank and ride on a turn in the sentiment…

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