Daily Archives: January 25, 2018 (27 Articles Found)

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Extend ethnic quotas to private housing

The Singapore Government takes a lot of measures to promote ethnic integration. Among them are the Ethnic Integration Policy (EIP) and non-Malaysian PR quota. However, these seem to apply only to public housing. Could the fact that these…

Encourage firms with farming experience to bid for tenders

In May last year, AVA announced that 36 plots of land for food farming on 20-year leases were up for tender, under the new fixed scheme to allow farmers to embrace technology with productivity. That was a pleasant…

Eye on Tampines: A family affair

Tampines is a hive of activity in eastern Singapore. The new town is Singapore’s third largest, as well as its third most populated. Its amenities, however, are second to none. Despite the many malls, community spaces and facilities,…

Old housing issues facing young couples

Singaporean Navin Kumar got married about two years ago, and while it should have been a happy time for the 33-year-old trader, he faced several challenges finding a suitable marital home. The biggest issue was “finding affordable housing…

Ang Mo Kio condo Far Horizon Gardens elects collective sale committee

Far Horizon Gardens (FHG), a condominium located in Ang Mo Kio Ave 9 in District 20, has elected an 11-member collective sale committee. The 99-year leasehold development has 272 units in total. The size of the estate is…

Prices and rents of industrial properties moderate in 4Q2017

Prices and rental rates of industrial properties continued to moderate in 4Q2017, according to the latest set of quarterly industrial statistics released by JTC. The price index for all industrial space fell by 1.1% q-o-q, while the rental…

Keppel REIT downgraded to sell amid negative rent reversions

RHB Research is downgrading Keppel REIT to “sell”, on the back of negative rent reversions that are likely to persist for K-REIT. This comes despite a pickup in the office market, says analyst Vijay Natarajan, as K-REIT’s expiring…

Chinatown welcomes Year of the Dog

Man’s best friend is taking centrestage in Chinatown as it prepares to usher in the Year of the Dog. From the street decor to the line-up of festivities, dogs feature prominently in this year’s celebrations. It’s hard to…

Fire at Ban Heng restaurant in Boon Keng, no injuries reported

Ban Heng restaurant in Boon Keng, located on the ground floor of an HDB block, caught fire on Thurs morning. SCDF said it was alerted at around 10.45am to the fire at Blk 22, Boon Keng Road which…

Singapore Flyer suspends operations indefinitely due to ‘technical issue’

Operations at the Singapore Flyer have been suspended indefinitely, after a technical issue led to 61 passengers being alighted at about 9am on Thurs. The 165m-tall observation wheel will remain closed on Fri as engineers seek “more clarity”…

NUS, DSO launch satellite research centre to promote space technology

The Faculty of Engineering at NUS and the DSO today jointly launched the Satellite Technology and Research Centre (STAR) to develop cutting-edge capabilities in distributed satellite systems, with a focus on flying multiple small satellites in formation or…

Goodluck Garden to en bloc with reserve price of $550m

Knight Frank Singapore announced the launching of Goodluck Garden, a free-hold, residential redevelopment site, and owners are now expecting a reserve price of $550m. Subject to authorities’ approval, Goodluck Garden has an additional charge of about $63.2m payable…

CapitaLand Mall Trust tackles challenging retail environment with AEIs

CapitaLand Mall Trust (CMT) on Wed announced that in FY17, the trust renewed 21% of its portfolio NLA at a negative reversion rate of 1.7% flat compared to the last quarter. Performance was however dragged by tenant remixing…

Does Suntec REIT’s rally have legs?

In a Thurs report, DBS lead analyst Mervin Song opines that the Suntec REIT’s unit price rally has more to go from its current level, as he now has greater confidence in the ability of Chan Kong Leong,…

New yoga studio in Singapore lets you stretch in infrared heat

If you love hot yoga, there’s a new a place in Singapore where you can break a sweat and improve flexibility sans the stuffiness of a heated room. At Jal Yoga, the newly-opened studio at 911A Alexandra Road…

EZ-Link, Mastercard among consortium formed to implement interoperable local QR payments

A consortium of seven mobile wallets, acquirers and payment networks has been formed to enable interoperable QR payments in Singapore for both consumers and merchants. The consortium aims to jointly support an interoperable QR framework that allows consumers…

New TCM shops that sell food and drink must apply for NEA licence

From 1 Mar, all new TCM shops will need to apply for a licence for on-site areas dedicated to F&B preparation, said NEA on Thurs. Existing TCM shops that intend to continue serving F&B – such as herbal…

Pasir Ris Central Hawker Centre opens

The long-awaited Pasir Ris Central Hawker Centre opened its doors to the public on Thurs. Managed by NTUC Foodfare, the dual concept hawker centre offers both traditional food stalls and “hipster” cuisine not commonly found at food centres…

MRT flooding, collision hit commuters’ confidence in rail system: PTC

The two high-profile rail incidents last Nov have eroded commuters’ confidence in the country’s MRT system, surveys conducted by PTC found. More than half the commuters surveyed said they are dissatisfied with the rail operators’ disruption management, especially…

PTC submits recommendations on making public transport more accessible for disabled

At bus stops, bus drivers should pull close to the kerb for the blind to alight safely, and they should also be familiar with landmark names in English to help the deaf. These are just some of 21…

Singapore cat museum to close on Jun 10; more than 20 cats up for adoption

Three years after opening, Singapore’s only cat museum will shut its doors for good on Jun 10. With the lease on its premises expiring in five months, the top priority is to find homes for two dozen cats…

Archer Daniels Midland opens food innovation centre in Singapore

Archer Daniels Midland (ADM), the New York-listed food processing and commodities trading company, on Thurs opened its flavour and ingredient creation, application, development and customer innovation centre at the Biopolis research hub in Singapore. The 8,900 sqft innovation…

“Shadow spaces” are growing behind bright office market

So-called “shadow spaces” are slowly growing in Singapore’s office market, as they expanded from an average of 112,000 sqft in 2014-2016 to 172,000 sqft in 2017, UOB Kay Hian said. According to their report on the Built Environment…

Construction costs to bottom out in 2018

BCA’s Tender Price Index appears to have bottomed in recent quarters, as it fell from 96.7 in Q1 to 96.6 in Q3, UOB Kay Hian said. According to BCA data, on a broader basis, index value fell from…

New hotel supply expected to drop to 737 rooms in 2018

This chart from Savills Research shows that 737 hotel rooms are expected to come online 2018, a significant decrease from nearly 3,000 rooms launched in 2017. “The shrinking development pipeline is a result of URA’s deliberate strategy to…

Home loans to rise by 7% until 2019: Fitch

Mortgage lending in Singapore is expected to rise by 5-7% per year within 2017 to 2019, Fitch Ratings said. According to its 2018 Global Housing and Mortgage Outlook, the increase in lending will be mainly driven by higher…

Chinese co-working unicorn opens space in Singapore

Chinese unicorn Ucommune will open its second Singapore space, with an area of 1,400 sqm and 300 work stations, and start operations in Apr 2018. The Beijing-headquartered shared office provider had opened its first centre in June this…

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