Daily Archives: February 19, 2018 (25 Articles Found)

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First shared executive learning centre to rise in one-north

Ascendas-Singbridge announced on Thurs that subsidiary Ascendas Vista Property was chosen by JTC to build Singapore’s first shared executive learning centre dedicated to nurturing future leaders. Dubbed as the Mixed-use Executive Centre (MEC), the co-shared facility will feature…

Turn food centres into vibrant communal spaces

The opening of Pasir Ris Central Hawker Centre bodes well for Singapore’s hawker scene. While there have been plenty of improvements made to enhance productivity levels at hawker centres – for example, through automated tray returns and the…

Extensive preparatory work needed before construction

We thank Mr Ong Kee Hwee for his feedback (Don’t acquire land, then leave it idle; Feb 14). The KL-Singapore HSR project is complex and requires extensive site surveys and preparatory works before actual construction can proceed. Jurong…

Singapore property stocks show ‘fatigue’

A spate of collective sales, coupled with a rebound in the property market at the start of the year, may indicate that Singapore developers will be more cautious in adding to landbanks and about their pricing strategies, analysts…

Singapore property stocks fall on higher home purchase tax

Singapore property stocks declined after the government raised taxes on home purchases of more than S$1 million, just as the housing market starts to recover from a four-year slump. UOL Group and City Developments fell more than 2…

Changi Airport’s T1 set to open new arrival pick-up zone

A new arrival pick-up zone at Changi Airport’s T1 will open on Wed – the first of several changes under a $323 million expansion project to boost the terminal’s capacity. The changes include a new “meeters and greeters”…

Chip Eng Seng poised to ride Singapore residential market upcycle

Phillip Capital is keeping its “buy” call on Chip Eng Seng (CES) on the back of strong revenue visibility in FY18. “Revenue for FY18/19 will continue to be supported by the estimated close to $210 million development profits…

Qingjian gears up for 2018 launches

Developer Qingjian Realty (South Pacific) Group, part of intl construction and real estate conglomerate Qingjian Group Co, is looking to launch more units at Le Quest this year, says Yen Chong, its deputy GM. She adds that buyers…

Developers turning more cautious when replenishing landbanks, says DBS

DBS says developers are turning more choosy in adding to their Singapore landbank. They are also becoming more cautious in their pricing strategy after more land sites were awarded at reserve price levels rather than at a premium.…

Roxy-Pacific set to gain from a ‘flurry of launches’ this year, says OCBC

In a report last Fri, OCBC Investment Research lead analyst Joseph Ng says he remains positive on Roxy-Pacific Holdings despite the latest quarter’s earnings decline. This is given the group’s good pipeline of residential projects in Singapore which…

Singapore budget 2018: Buyer’s stamp duty for residential properties over $1 mil rises to 4%

Buyer’s stamp duty (BSD) for residential properties priced at more than $1 million will be 4%, with effect from Feb 20, announced Minister for Finance Heng Swee Keat during the Singapore 2018 Budget Speech. This is revised from…

In major shift, Govt to allow stat boards, state-owned firms to tap capital markets to fund mega-projects

The Government, in a major shift in the way it approaches financing for critical national infrastructure, is looking to allow stat boards and state-owned companies building these projects to borrow from capital markets in order to spread costs…

Higher grant, wider qualifying distance for homeowners living near parents

Those looking to live near their parents or children will now be able to buy a resale flat within 4km of each other, rather than just 2km, under the Proximity Housing Grant scheme. This will allow applicants to…

Shortened hours on EWL freed up ‘40 nights’ of extra time for signalling work: Ng Chee Meng

The curtailed operation hours on the EWL over the past two months gave rail operator SMRT the equivalent of 40 nights of extra time to test and install the new signalling system, Second Transport Minister Ng Chee Meng…

Expect peak-hour delays on NSL travel, towards Marina South Pier, till Mar: SMRT

Commuters travelling on the NSL towards Marina South Pier MRT will have to cater up to 15 minutes of additional travel time during peak hours in the coming weeks, with rail operator SMRT racing to complete track improvement…

Average of 125 cases a year of train doors closing without warning in last 5 years: MOT

For the past five years, an average of 125 cases of train doors closing without warning occurred per year on MRT trains, with the majority of cases occurring on the NSEWL, according to Second Minister for Transport Ng…

Investors purchased $14.56b in Singapore property

Singapore jumped five places to the 10th in JLL’s rankings of the most active countries in terms of real estate investment. According to its global capital markets report, a total of $14.56b (US$11.1b) has been invested in Singapore…

Budget 2018: Large emitters to be charged S$5 per tonne of greenhouse gas emissions under carbon tax

In a downward revision from the previously announced range of between S$10 to S$20, large emitters in Singapore will be charged S$5 per tonne of greenhouse gas emissions under the carbon tax that will be implemented next year.…

Electricity retailer Red Dot Power to install 50 EV charging stations by end-2019

Singapore electricity retailer Red Dot Power is investing $500,000 to install at least 50 electric vehicle (EV) charging stations in the city state by the end of next year, in a partnership with Finnish charging technology specialist PlugIT.…

Bid to conserve ‘oasis’ in a buzzing city

Many structures designed by colonial architectural firm Swan and Maclaren have been protected by law, such as Raffles Hotel and the former Tanjong Pagar Railway Station. But one of its creations – built in 1925 on a little…

Gardens by the Bay founding CEO Kiat W. Tan: ‘I thought Singapore was very cramped’

Become the head of horticulture at Walt Disney World in the US, or fly halfway across the globe to work at a garden in a small, “cramped” city-state? The choice was not easy for Dr Kiat W. Tan…

PSA ‘to launch tender for driverless vehicles this year’

Port operator PSA is expected to launch a tender this year for the supply of the first fleet of automated guided vehicles (AGVs) or driverless vehicles to operate at Singapore’s next generation Tuas mega port. The AGVs have…

Real estate agencies work with government to transform industry

The long transaction process and regulatory hurdles are common complaints of people buying or selling property in Singapore. The Real Estate ITM, unveiled on Jan 8 will focus on the property transaction services and facilities management sector, because…

Confessions of a zoo exhibit designer

With a proud smile, Mr Cham Tud Yinn, 50, leads us around the Amazon Flooded Forest – the highlight exhibit of River Safari, which features manatees swimming among large tree trunks in a water tank. Mr Cham is…

Cash top-ups at MRT passenger service centres to be phased out

Cash top-up services at passenger service centres of train stations will be phased out next month, completing the first step by the authorities in a drive to wean commuters off cash when paying for public transport. This will…

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