Daily Archives: February 6, 2018 (24 Articles Found)

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SMRT to move HQ to Paya Lebar Quarter

SMRT Corp will move its headquarters from North Bridge Road to Paya Lebar Quarter (PLQ) next year, under a strategy to centralise corporate departments now located across the island, BT understands. This move will happen at around the…

Look into dangers of grass cutting

Just before noon last Fri, I was driving along New Upper Changi Road and was about to turn into Bedok North Ave 3 when I heard a loud explosion at the back of my car. Alarmed, I immediately…

JTC signs MOU with 3 aerospace companies

Three aerospace companies, Hawker Pacific, GE Aviation and PPG, signed a series of MOU with national industrial-estate developer JTC at the Singapore Airshow on Tues. GE Aviation and PPG are moving into Seletar Aerospace Park, a JTC industrial…

Developers paid S$380m in ABSD, QC extension charges

Developers have paid a total of S$380 million in fees and charges to the government for not being able to sell all residential units in their projects within stipulated deadlines. As at end-2017, they have coughed up S$200…

Fire breaks out at Orchard Towers bar; 60 people evacuated

Sixty people were evacuated after a fire broke out at a bar in Orchard Towers on Tues night. SCDF was alerted to the incident at 7.56pm. There were no reported injuries, it said. A SCDF spokesperson said firefighters…

Singapore risks destroying past in race to build: Top archaeologist

Singapore faces a race against time to save its past, according to its top archaeologist, who warns relentless development in the land-scarce city-state comes at a heavy price. Construction work has been near ceaseless in recent years as…

MOM investigating fatal construction accident along Beach Road

MOM is investigating a fatal construction accident that took place at 371 Beach Road, Citygate on Mon. On Tues, MOM said a worker, who was carrying out concreting works at a building under construction, was found with his…

i Light Marina Bay festival to extend to civic district with installations at Esplanade Park

The annual i Light Marina Bay will return this year with its first foray into the civic district, extending beyond its usual foothold at Marina Bay. Organised by URA, the sixth edition of the sustainable light art festival…

Premium bungalow sales surged 66% to $279.8m in Q4

Along with the growing optimism towards the property market, the sales of the Good Class Bungalow (GCB) segment surged 127% QoQ and 66% YoY to $279.8m in Q4, Colliers Int revealed. According to a report, this brings total…

4,381 new flats for sale in latest HDB exercise

Over 4,300 flats have been launched for sale under this year’s first BTO and Re-Offer of Balance Flats (ROF) exercise, HDB announced on Tues. The flats for sale comprise 3,664 BTO flats and 717 ROF flats, most which…

More convenience for homeowners looking for plumbers with new legislation

The Public Utilities (Amendment) Bill, which paves the way for homeowners to approach the same plumber when it comes to solving both water service and sanitation issues, was passed in Parliament on Tues. The Bill requires water service…

Jewel Changi Airport to open in first half of 2019; project 70 per cent complete

Construction on Jewel Changi Airport is about 70 per cent complete and the sprawling complex is set to open in the first half of next year, airport operator CAG said on Tues. The S$1.7 billion development, which began…

OUE Commercial REIT suffers from lower renewed rents

Renewed rents in OUE Commercial REIT’s (OUECT) Singapore properties continued to decline as spot market office markets, whilst improved to $9.4 psf per month, have not recovered fast enough. According to DBS Equity Research, as a result, signing…

Real estate investment sales to hit $25b in 2018

For 2018, it is anticipated that investment levels may revert back to levels slightly higher than those seen in 2016 with $22.66b of transactions, Savills said. According to a report, the number is expected to be in a…

Co-working drove demand for office spaces in 2017

Co-working spaces emerged as a “hotspot” driver of demand towards office space and took up 300,000 sqft of the total in 2017. According to Knight Frank, this amounted to approximately 20% of all major relocation and expansion activities…

Scope for short-term accommodation in Singapore: Lawrence Wong

There is scope to allow short-term accommodations in private homes in Singapore, subject to proper safeguards and controls, said MND Minister Lawrence Wong in Parliament on Tues. Wong told the House that his ministry and URA have had…

Driverless buses could feature at new Punggol Digital District: LTA

Residents and people working in the proposed Punggol Digital District (PDD), which is set to open in 2023, can look forward to autonomous buses and shuttles to help them travel within the neighbourhood. Senior Minister of State for…

Police cameras helped solve more than 2,300 cases: MHA

As of end 2017, video footage from police cameras has helped solve more than 2,300 cases, said MHA Parliamentary Secretary Amrin Amin in Parliament on Tues. The first wave of cameras, known as PolCam 1.0, saw 65,000 cameras…

Government has no plans to make smoking rooms compulsory in public buildings: Amy Khor

The Government does not plan to make smoking rooms compulsory in public places like sports complexes, office buildings and shopping malls, Senior Minister of State for Health Amy Khor said in Parliament on Tues. “With smoking already disallowed…

Safeguards in place for en bloc sales: Lawrence Wong

Of the 40 developments sold en bloc in the past three years, 13 were less than 30 years old at the point of sale, MND Minister Lawrence Wong said in Parliament on Tues. He said most of them…

Construction of Changi T5 will be done via ‘most optimal way’ of funding: Indranee

The “most optimal way” of funding will be sought when it comes to the construction of the future T5 at Changi Airport, said Senior Minister of State for Finance Indranee Rajah in Parliament on Tues. She was responding…

Linde to invest S$30m in Singapore digital technologies hub

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German gas and engineering company Linde Group has launched a S$30 million Singapore-based initiative to spur the digital transformation of its plants and business processes across the region. The APAC Digitalisation Hub, as it is called, is the…

Leedon Road GCB fetches $39.8 mil profit

A Good Class Bungalow on Leedon Road was sold at $57.5 million ($1,309 psf), according to a caveat lodged on Jan 18. The seller, a Madam Chong, is a veteran luxury property investor and collector of GCBs in…

One-north to be designated as Singapore’s first drone estate

Expect to see more drones flying around one-north, a R&D hub in Buona Vista which will be designated as Singapore’s first drone estate. The aim is to provide companies and research institutions with an urban environment for test-bedding…

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