Daily Archives: January 8, 2018 (29 Articles Found)

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Leasehold projects prove their mettle with majority of the highest rental yields in 2017

Overall gross rental yields in Singapore for non-landed private homes are around 3.2%, the lowest in a decade. Low interest rates, a tightening labour market and a large housing supply are possible reasons. However, there were projects that…

Nordic Group plans to buy Tuas Avenue property for $6.2m

Nordic Group has signed an OTP to acquire an industrial property in 2 Tuas Ave 10 from Microdyn-Nadir Singapore for $6.2 million, revealed an SGX filing on Fri. The Singapore-listed construction engineering firm said the property consists of…

Proptech is all the buzz, just not yet in Asia

Are venture capital funds and commercial real estate companies jumping onto proptech bandwagon without real conviction about its benefits? A recent survey by consultancy Altus Group reveals an incongruity between bullish proptech projections and commercial property companies’ actual…

Flooding situation will ‘definitely improve’ when drainage works are completed: PUB

Flash flooding of the intensity seen on Mon morning will be better managed, once ongoing drainage improvement works are completed by the first quarter of 2019, said PUB on Mon. “You can be very sure that when drainage…

Choked drainage causes ‘waterfall lift’ at Tampines multi-storey carpark

The rainwater overflowing into a lift at a Tampines HDB multi-storey carpark on Mon morning was caused by a choked gully trap at an upper level of the building, said Tampines Town Council. A video of water flowing…

Taiwan’s popular flame-grilled beef cubes arrive in Singapore, with first outlet to open on Jan 20

Meat lovers, get set to sizzle. Fans of Taiwan’s popular flame-grilled beef cubes can soon get a taste of this street food favourite in Singapore. Two young Singaporeans are opening Huoyanshaiziniu – the name is the hanyu pinyin…

Did Project Bus Stop come to a stop?

In Aug 2016, a Project Bus Stop initiative was piloted in Jurong East by LTA and various government agencies. The bus-stop along Jurong Gateway Road had “smart” features, so that commuters waiting for buses can have some “fun”…

Flooding in many areas due to unusually heavy rainfall: What to do during a flash flood

Heavy rain fell across Singapore early on Mon morning, causing flash floods in at least nine areas in the eastern part of the island which stranded cars and stopped traffic. PUB attributed the floods to intense rainfall from…

‘Worst flash floods in 30 years’: Bedok resident

Some residents in the eastern parts of Singapore woke up to more than Monday blues on Monday – some had to face murky brown water, coming right up to their doorsteps. “The water came into the driveway, up…

Registration for e-scooters part of review of code of conduct for PMDs

There may be a case for e-scooters to also be registered, said Transport Minister Khaw Boon Wan in Parliament on Mon, as he gave an update on the number of reported accidents involving pedestrians and PMDs on footpaths…

Private property prices to increase up to 2% in 2018

The flash estimate of the URA PPI indicates a 0.7% increase in prices in Q4 2017. According to ERA, this is the second consecutive quarter of increase in the URA PPI, following Q3 2017’s 0.7% increase. All in…

Singapore’s unsold units dropped to 16,031

According to a report from Jefferies, unsold home inventory was at 16,031 units as of Q3. Total transactions in the first ten months of 2017 were 54% higher than those recorded over the same period in 2016. Quarterly…

Unit at The Marq sold at $4.9 mil loss

The highest recorded loss in the week of Dec 15 to 26, 2017 was from the sale of a four-bedroom unit at the ultra-luxury condominium The Marq on Paterson Hill. The seller bought the 3,089 sqft unit from…

More seamless park connectors will help PMD users

The recent reports of PMD users riding on the roads and endangering their lives as well as those of other road users have shown merely one side of the story (PMD users openly flout law in Geylang; Jan…

No help from HDB on termites in BTO flat

It has been less than three years since I received the keys to my HDB BTO studio flat. I noticed signs that the timber kitchen cabinets, which were installed by the HDB contractors, had been infested by termites,…

Coordinate train departures better at MRT interchanges

I was in a north-bound train on NSLon Jan 2 at 8.14pm at Raffles Place MRT Station. An east-bound train arrived on the opposite platform at about the same time. But soon after the passengers from that train…

Looking back to Raffles to move ahead

The Government’s decision to observe the bicentennial of Stamford Raffles’ arrival in Singapore in 1819 will no doubt occasion historical soul-searcing among Singaporeans. This is as it should be. If history is to be the present’s engagement with…

Parliament: Plumbing industry standards to be improved

The Government took a first step towards improving standards in the local plumbing industry with a new Bill presented in Parliament on Mon. Senior Minister of State for the Environment and Water Resources Amy Khor presented the proposed…

Higher rents boost SPH Reit income

Higher rental income has helped boost first-quarter turnover at SPH Reit, which owns two malls, Paragon in Orchard and The Clementi Mall in Clementi. Both properties continued their track record of full occupancy amid headwinds in the retail…

Bobii Frutii popping up in Clementi Mall

With Bobii Frutii about to open its first store in Singapore, further evidence of the revival of the Taiwanese bubble-tea craze in the city. This brand features colourful pearls and eschews artificial flavourings, manmade essences, creamer and preservatives.…

These pictures from this morning’s flood are so real they could be fake

Anyone who made it to work on time this morning would have seen what the entire nation witnessed today with both shock and awe. Not only were pavements flooded like we’ve never seen before, even roads seemed to…

He’s on a mission to sustain bookstores

Even as Popular Bookstore starts stocking its shelves with gadgets like drones to combat a long-term decline in revenue from books, the chain’s long-serving chief, Mr Chou Cheng Ngok, is clear where its heart and soul lies. “Born…

Flash floods strand commuters, cause cars to stall in eastern S’pore

Flash floods in eastern Singapore stranded commuters and caused several vehicles to stall following heavy rain on Mon morning. In one widely circulated photo, eight commuters were seen standing on the seats of a bus stop in order…

Green electricity catches on in S’pore

Green is the new gold. Nudged by a looming carbon tax, power generation companies are muscling their way into the solar sector, and electricity retailers are serving up new types of green electricity plans. Power generation companies took…

Electricity market to sizzle in 2018 with new elements

A fully liberalised electricity market, an upcoming carbon tax and new electricity products are set to drive a new wave of energy consciousness among consumers and businesses in the years ahead. As generation companies and independent retailers gear…

Are Singapore REITs killing our businesses?

REITS and high business cost are intricately linked, this is real. Just ask the many retail shop operators or food court stalls owners who suffer under one of the few major REITs operator, they will tell you. REITs…

Hybrid cars zooming ahead, fuelled by rebates

Close to one-fifth of Singapore’s taxi fleet is made up of petrol-electric hybrid models – up from zero just 10 years ago – and experts say the trend has a positive, if small, impact on air quality. According…

Energy security also requires electricity to be affordable

Along with sustainability, energy security is another household term which anyone can say something about. In news reports and commentary, energy security typically refers to the availability of energy resources. But the discipline of economics defines energy security…

It’s like ‘living in a horror house’, say terrorised Toa Payoh neighbours

Some days, she would find grains of salt and ashes on the front door and windows of her two-room flat in Blk 55, Toa Payoh Lorong 5. On other days, she would find her laundry drenched in oil.…

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