Daily Archives: October 5, 2017 (33 Articles Found)

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Humans ruined bike-sharing in Singapore so now bikes need parking zones

Ah, the freedom of a dockless bike. So much more convenient than something like Citi Bike, where you have to park your rental bike back at a set location. See, the whole point of bike rentals from the…

New Golden Village cineplex at SingPost Centre debuts laser projection technology

Golden Village is opening a new multiplex at SingPost Centre in Paya Lebar on Fri that boasts laser projectors for all its eight auditoriums, which promise better picture quality. It features a new category of premium halls, called…

Factories, cars behind haze in Singapore

Hazy conditions in parts of Singapore this week might have prompted fears that fires were once again burning in the region, but experts point to culprits closer to home: factories and cars. Air quality scientist Erik Velasco told…

Outer cladding of 24 buildings fails checks

A total of 24 buildings have failed checks of their external cladding so far, more than a month after SCDF announced that at least 41 buildings here were clad in material that may not meet the fire safety…

Singapore’s old housing estates that are going, going, gone

Normanton Park was sold on Thurs to Kingsford Huray Development for S$830.1 million, making it the highest land rate (psf ppr) for a 99-year leasehold collective sale site this year. As the face of housing in Singapore continues…

Road to a better rail system

Three separate events last month offer new hope that the rail industry here is evolving for the better. The first was SMRT clinching the operating contract for the Thomson-East Coast Line (TEL). It beat rival SBS Transit, a…

3 billion plastic bags a year? Cut use with mandatory tax

During a recent trip to the supermarket, I bought a bottle of wine, a pack of chips, some cup noodles and boxes of tissue paper. The bill came up to $30, and the items were placed in three…

Pipe leak at junction of Tanjong Katong Road and Boscombe Road

A pipe leak at the junction of Tanjong Katong Road and Boscombe Road on Thurs forced one lane to be closed to traffic. PUB said its sensors picked up a leak at 5.50pm, and its contractors are onsite…

Newly launched A*STAR model factory lets SMEs test out new technologies

A factory that gives SMEs a peek into how they can adopt technology on their own factory floors was launched on Thurs. The A*STAR Model Factory @ SIMTech will allow companies to experience advanced manufacturing technologies first-hand, as…

Fire breaks out in Tampines flat, no injuries reported

A fire broke out in a housing board flat at Tampines St 45 on Wed, forcing about 50 residents to evacuate. SCDF said it was alerted to the incident at Blk 498J at 6.40pm. Thick smoke was billowing…

Shared-bike users may face some inconvenience in the short-term

With technology set to weed out irresponsible bicycle-sharing behaviour, users wondered if the search for designated parking areas would result in greater inconvenience. Those who park their rental bicycles indiscriminately “will not be allowed to end their trips”…

AJC hostel to close by 2019: MOE

Anderson JC (AJC) will become the latest school to shut down its hostel, as demand for boarding places continue to fall and there are fewer intl students in schools here, MOE told TODAY. The AJC hostel site would…

7-Eleven targets 80 new stores by end 2018, shrugs off end of Shell partnership

7-Eleven will be rolling out 80 news stores by the end of 2018 as the convenience store giants embark on an aggressive expansion plan following the end to an 11-year partnership with Shell. From early next year, all…

New technologies set to prevent cyclists from ending trips if they park rental bikes indiscriminately

Those who abandon or park their rental dockless bicycles indiscriminately “will not be allowed to end their trips” unless they park in designated areas, thanks to new “geo-fencing technologies” that will be introduced by the end of the…

LTA calls tender for water-mist systems in KPE/CTE as number of vehicle fires rise

Amid a rising number of vehicle fires on the Republic’s roads, a water-mist fire-fighting system will be installed in the tunnels of CTE and KPE by 2022. While there are currently no automated fire-fighting measures in the CTE…

‘He deserves it’: Chinese national Tang Bei on hitting condo manager during spat

Breaking down several times in court on Tues, 49-year-old Chinese national and PR Tang Bei recounted an alleged molestation by Mr Colvin Quek Choon Kiat, whom she and her twin sister Tang Lei had a spat with in…

Maid seriously injured after falling 7 storeys from condo unit

A foreign domestic worker was seriously injured after she fell seven storeys at a Tampines condominium on Tues, reported Shin Min Daily News. The maid was apparently cleaning the windows of the Carissa Park condominium unit when she…

3-3-5 rule now endorsed by the CPF Board

It is official. CPF Board just endorsed Property Soul’s 3-3-5 rule. The stats board recently published an article “How to use the 3-3-5 rule to consider if you can afford your new home” in its “Are You Ready?”…

What’s the difference between a business trust and a REIT? Quite a lot

Investors need to be aware that there are important differences between REITs and Business Trusts. The confusion usually arises because both are listed on SGX as “trusts.” A REIT can only own and operate income-generating real estate assets.…

7 retail stores in Singapore where you can do more than just shop

Whenever I need to buy something—whether it’s a new laptop, a pair of shoes or a McDonald’s meal—I inevitably turn to the Internet. Now that you can buy virtually anything online, often at more attractive prices, putting in…

Keeping a pet in an HDB flat: what you need to know

Many of us can’t imagine life without our furry friends – but if you’re living in an HDB flat, and not private property, you might just be illegally housing your pet without realising it. How many dogs can…

Far East in Ubi property sale and leaseback deal for $22.5 mil

Far East Group has entered into a sale and leaseback agreement with Moduslink for the property at 51 Ubi Ave 3. Far East is acquiring the property for $22.5 million, after which Moduslink will lease back the entire…

Soilbuild awarded $50.4 mil contract for industrial factory development at Kallang Way

Soilbuild Construction Group has been awarded a project worth $50.4 million by SB (Waterfront) Investment for the proposed erection of a seven-storey, single-user general industrial factory development at the Geylang Planning Area’s 171 Kallang Way. SB (Waterfront) Investment…

Shophouse on New Bridge Road for sale from $18 mil

A corner, four-storey conservation shophouse on New Bridge Road has been put up for sale by EOI. According to Knight Frank, the indicative price for the shophouse, which has a 99-year lease commencing from Aug 2016, is between…

Shophouses on Mosque Street up for sale at $22 mil

A pair of freehold shophouses on Mosque St in Chinatown have been put up for sale by EOI. According to JLL, the guide price for the shophouses is in the region of $22 million, which translates into about…

HDB resale prices down 1.8% in Sept

HDB resale prices dipped 1.8% YoY and 0.3% MoM in Sept. According to SRX, resale prices of HDB 3 and 4 rooms have also declined by 0.5% and 0.6%, respectively. HDB executive resale costs also dropped 1.5%. Meanwhile,…

Michael Hwang steps down as YTL Starhill Global REIT Management’s director

Michael Hwang steps down as YTL Starhill Global REIT Management’s director. He resigned as part of the renewal process of the board. Dr Hwang, 73, was appointed on Jan 1, 2006. According to a report, he resigned in…

Lim Kok Hoong resigns as Sabana Real Estate Investment Management’s director

Lim Kok Hoong resigns as Sabana Real Estate Investment Management’s director. He has health reasons. Mr Lim, 70, was appointed on Nov 1, 2010. He was chairman of the Board of Directors, member of the Audit, Nominating and…

Chan Heng Loon steps down as SPH REIT Management’s director

Chan Heng Loon steps down as SPH REIT Management’s director. His position is taken over by Ng Yat Chung. Mr Chan, 64, is retiring as the CEO of SPH. He was appointed on Mar 1, 2013. He was…

Steady yield growth expected as Singapore REITs go on buying spree

UBS says SREITs are expected to see DPU growth of 1.0% per annum from 2016 through to 2019, even as they go on the acquisition trail. Healthcare and Industrial sector REITs are expected to lead the growth, at…

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