Daily Archives: January 30, 2018 (32 Articles Found)

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Hotels’ daily rates to climb 1-3% in 2018

The average daily rate (ADR) of Singapore’s hotels is expected to climb by 1-3%, similar to most Asian countries, except Japan with 3-5% and Korea with 6-8%, Colliers Intl said. According to its hotel insight, consumer confidence is…

JTC launches Tuas South Link 3 confirmed list site for sale

JTC announced on Jan 30 that it is launching a site at Tuas South Link 3 (Plot 18) for sale. The site is under the Confirmed List of the 1H2018 IGLS programme. Located at the intersection of Tuas…

Jalan Besar Plaza may relaunch collective sale tender in Apr

New Wave Holdings announced on Jan 29 that the tender exercise for the sale of Jalan Besar Plaza that closed on Nov 10, 2017, followed by 10 weeks of private treaty talks, had ended without a sale. However,…

AVA advises Changi Golf Club on how to keep boars out after clip shows one on golf course

There has not been any public feedback on wild boar sightings at Changi Golf Club, AVA said on Tues. AVA was responding to a video circulating online that shows a large wild boar apparently trotting about on a…

The hawker centre where not returning your tray really is frowned upon

Forget to pick up your tray at this hawker centre, and you might find yourself picking up bad vibes from fellow diners. Such behaviour is frowned upon – literally – at KTPH, a tactic which has helped its…

En bloc success not on the Horizon — yet

Despite the ongoing collective sale frenzy, owners of Horizon Towers who are seeking to revive an en bloc attempt could be in for another long slog. The 212-unit, 99-year leasehold condominium on Leonie Hill Road was embroiled in…

Capitaland establishes three subsidiaries

Capitaland Limited announced its establishment of two wholly owned subsidiaries, Citadines One Pte Ltd in Singapore, and Citadines One GK in Japan, and one 80%-owned subsidiary Synergy Global Housing Limited in Hong Kong. Both Citadines One Pte Ltd…

Is it illegal to pluck leaves from a roadside tree? 7 things you should know

A foreign worker who was caught plucking the leaves of a tree at the Singapore Botanic Gardens received a warning by NParks on Mon instead of being fined. This was after the Bangladeshi worker’s employer successfully appealed to…

Fire breaks out at Marine Parade Central market

A fire broke out at a market in Marine Parade on Tues afternoon. Photos sent in by a reader showed SCDF officers at the scene, with fire extinguishers on the ground. SCDF told ST that it was alerted…

Fitness tracking app could be ‘serious security threat’ to Singapore

Concerns over the Strava fitness tracking app compromising military locations worldwide may extend to Singapore, but the way forward is to adapt rather than regulate, said security experts on Tues. In Nov 2017, Strava tapped public user data…

‘It was so sudden’: Storm took Yishun, Chong Pang residents by surprise

Residents and store owners in the north of Singapore said that Tues evening’s storm caught them by surprise, as they took stock of the damage caused by heavy rain, strong wind and falling trees and branches. In Chong…

Hailstones reported to have fallen in Ang Mo Kio, Seletar amid heavy rain

Hailstones were reported in various parts of Singapore on Tues evening amid heavy rain in the north of the island. Videos posted by social media users showed hailstones pelting down in places like NYP and Seletar Country Club.…

CDL makes highest bids for Handy Road, West Coast Vale sites

The tenders for three residential sites at Chong Kuo Road, Handy Road and West Coast Vale closed on Tues, with City Developments (CDL) making the highest bids for the latter two sites. Among the sites which are all…

Go cashless, but pay cash tray deposits: Experts say ‘mixed’ messages confusing for some

Following news this week that automated tray return systems, which involves customers paying deposits for their trays, could be rolled out to as many as 25 hawker centres, some observers and experts said this seemed at odds with…

Heavy storm causes flash floods, fallen trees in Yishun

A thunderstorm on Tues afternoon not only flooded roads, but toppled several trees in the northeastern part of the island. PUB issued a flood alert for Seletar North Link at around 5.30pm, advising motorists to avoid the area…

Rajah and Tann set to shift to Marina One by 2020

Major law firm Rajah and Tann, the anchor tenant of Straits Trading Building, will move to the newly completed Marina One come 2020, BT has learnt. This move comes against a backdrop of increasing relocations, where more companies…

Signs of upswing as slide’s over in Singapore’s playground for the rich

A nascent recovery in Singapore’s housing market is showing signs of reaching Sentosa, a tiny isle off the southern tip of SEA’s wealthy island state that is both a playground for partying Singaporeans and home for rich ex-pats.…

No let-up in Starhill Global woes as office, retail markets stay challenging

Analysts are keeping their less-than-bullish stance on Starhill Global REIT (SGREIT) following its weak set of results – as expected – for 2Q18. RHB Research analyst Vijay Natarajan says notes that the retail and office markets remain soft…

9 Hongkong St shophouse looking for buyers

CBRE launched EOI sale of 9 Hongkong St, a six-storey newly refurbished commercial shophouse, within CBD. This purchase is open to both local and foreign buyers, and with no ABSD or SSD. The property sits on an approximately…

AVA’s tender exercise for fish-farming land was fair

Mr Chan Tzeh Wey highlighted that the recent AVA tender exercise for three land parcels for fish farming received lukewarm response, and suggested the AVA revise its scheme to encourage genuine farmers to participate in the tender. We,…

Parents falsifying address for P1: Children in such cases could be transferred, MOE says

Students whose parents falsified their home address in order to gain priority admission for their child to a primary school could be transferred to another school, MOE said. On Mon, a 36-year-old woman was fined S$5,000 for lying…

How do we know when we’ve become a Smart Nation?

Singapore is moving full speed ahead with its Smart Nation focus, and in the run up to Budget 2018, we have seen increased discussion around the need for companies to go digital. For example, SCCCI 2017 Annual Business…

‘I’ve waited 10 years’: Why a former Apple engineer wants in on Singapore’s Smart Nation

When PM Lee Hsien Loong visited US Silicon Valley in 2016, and shared about Smart Nation and the Smart Nation Fellowship Programme, Mr Quek Yang Boon, clad in a black GovTech polo tee and khaki pants, said his…

Grange Residences unit sees $4.2 mil profit

On Jan 10, a 2,852 sqft, four-bedroom unit at Grange Residences changed hands for $8 million ($2,805 psf). The matching of URA caveat data as at Jan 23 shows that the transaction of the 17th-floor unit saw a…

Economic optimism spurring investment demand for residential and commercial property in 1Q2018

Singapore had the third highest property investment volume among 13 Asian markets in 4Q2017, according to deals recorded in the Colliers Asia Market Snapshot report. Singapore had four transactions which fetched USD3.03 billion in 4Q2017. The four deals…

CDL appoints AXA veteran Frank Khoo as Group CIO

On Jan 29, City Developments Limited (CDL) announced the appointment of Frank Khoo, 49, as group CIO starting from Feb 1. Khoo was previously global head of Asia at AXA Investment Manager – Real Assets from Sept 2008…

Resale condo prices up 0.6% in Dec

Prices of completed non-landed private homes in Singapore continued to rise in Dec at 0.6 percent, following a revised 1.6 percent hike during the previous month, revealed flash estimates of NUS SRPI. Excluding small units, home prices in…

Bungalow at Leedon/Belmont road junction fetches S$57.5m

An old bungalow on a sprawling site at the junction of Leedon and Belmont roads has been transacted at S$57.5 million. The price works out to S$1,309 psf on the freehold land area of 43,926 sqft. On site…

Study awards, diplomas to boost building sector

At just five years old, Mr Ajit Kumar would take apart damaged household appliances, fascinated by the colourful and intricate wiring inside ovens and fans. At seven, during his first experience of a power blackout at home, he…

Protect our environmental reserves like fiscal reserves

Last year saw its share of natural disasters: hurricanes, earthquakes volcanic eruptions, floods, wildfires and so on. But how natural are natural disasters? Is this term a convenient tag for sloppy thinking or an easy way to blame…

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