Daily Archives: March 1, 2018 (22 Articles Found)

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Proportion of peak-hour trips made on public transport have gone up

A greater share of journeys were made using public transport during peak hours last year, with the proportion edging up to 67 per cent, compared with 64 per cent in 2013. These figures were revealed in Parliament on…

Towards safer e-scooter use

A proposal requiring all electric scooters to be registered aims to curb the growing menace of reckless riding. Submitted by an expert panel to MOT last week, it seeks to imbue in riders a greater sense of responsibility…

Risk that higher fees may hurt Changi Airport

Changi has climbed steadily for more than 36 years, but with user charges set to increase substantially, is the airport flying into new and uncharted skies? From July 1, travellers flying out of Singapore will pay a total…

Man, 48, falls to death at Lentor MRT worksite, safety timeout called to review work process

A construction worker died in an accident early on Thurs morning at the Lentor MRT station worksite, one of the stations on the future TEL. Work at the site also ceased to facilitate investigations into the incident –…

For least pollution exposure along Orchard Road, take the MRT

There are plenty of public transport options along Singapore’s famous shopping belt. To get from Ion Orchard to Plaza Singapura – two iconic malls that sit on opposite ends of Orchard Road – commuters can take a bus,…

Some travellers put off by higher taxes at Changi Airport

While the higher departure and airline fees at Changi Airport will go towards funding the Changi East development which includes T5, not everyone is a fan of the move. Budget travellers, airlines and IATA yesterday expressed their misgivings…

Parkour enthusiast who scaled Eastpoint roof let off with warning, focusing on proper practice

The parkour enthusiast who sparked police reports last Sept after posting a video of himself scaling the glass roof of a mall in Simei has been let off with a warning, and has adjusted his views regarding the…

Trains on DTL delayed due to signalling fault at Bayfront

Train services on DTL were delayed on Thurs due to a signalling fault at Bayfront station, said LTA and SBS Transit. As a result of the signalling fault, which affected services at around 6am, trains approaching Bayfront station…

This property developer is poised to ride the optimism in Singapore’s residential market

UOB Kay Hian is keeping its “buy” recommendation on City Developments (CDL), even as the property developer saw its results come in slightly below expectations in 4Q17. “While results were slightly below expectations, management remains optimistic on prospects…

Condo sales hit a four-year high in 2017

This chart from ET&Co shows condo sales in the secondary market rose by 67.8% to 11,998 units in 2017. This is the highest increase in four years. ET&Co noted that like the landed residential market, more buyers were…

EC sites lure aggressive bids amidst supply drought

EC are sites in the limelight given lack of supply. This was seen through Sumang Walk’s recent tender which attracted 17 bidders and closed off with a record price of $509.37m. DBS Equity Research analyst Derek Tan noted…

Real estate giants choose startup route to chase startups

Finding that ideal co-working or shared services office space used to be a word of mouth exercise in Singapore, where a startup company would hear about flexible office leases from other people. Actually signing a long-term lease and…

S’poreans must be ‘responsible stewards’ of reserves in a fast-changing world

It will be “ill-disciplined and unwise” of the Government to change constitutional rules in order to raise contributions from the country’s reserves (NIR) as a “first resort” to fund increasing expenditure, said Finance Minister Heng Swee Keat. Addressing…

Showering, flushing account for nearly half of water used in homes: PUB study

Showering and flushing make up nearly half of the water used in homes, PUB said on Thurs. In a study done with 400 households in 2016 and 2017, PUB found that showering remained the largest guzzler of water…

Centurion could receive a blow from dormitory decline

RHB Research says Centurion Corporation’s FY18 earnings could receive a blow due to the absence of contribution from Westlite Tuas as well as lower capacity at its Toh Guan facility. “Centurion’s 4Q17 topline decreased 4% y-o-y, mainly due…

Industrial units at Pantech Business Hub for sale at $650 psf

Nine strata industrial units at Pantech Business Hub off West Coast Road have been put up for sale by EOI, announced JLL on Feb 28. The ground-floor units, which are next to each other, have a total strata…

Sentosa Cove penthouse sold at $2.4 million loss

A two-level penthouse at Sentosa Cove’s posh The Berth by the Cove was sold on mortgagee sale at an auction on Wed for $3.25 million, which works out to $1,105 psf. The property received a total of five…

Hike in DC rates unlikely to derail en bloc fever

The current collective sale market is unlikely to be derailed by the average 22.8 per cent hike in DC rates for non-landed residential use in the next six months, say property consultants. However, they say the latest set…

Just 2 per cent of domestic waste collected under recycling programme

A national recycling effort collected just 2 per cent of the total amount of waste generated by the domestic sector here in 2016, falling far behind other waste collection efforts. The informal recycling sector, which includes rag-and-bone men,…

Go local for future MRT projects, urges MP Ang Wei Neng

With the bulk of Singapore’s rail systems and infrastructure built and supplied by foreign expertise, MP for Jurong GRC Ang Wei Neng has called on the authorities to give home-grown firms a bigger role in building and shaping…

Microsoft seals first Asian renewable energy deal in Singapore

Microsoft has struck a deal with Singapore’s Sunseap to create the city-state’s “single largest” solar energy portfolio, with a focus on powering data centers. The agreement marks the US tech company’s first renewable energy deal in Asia and…

Carbon tax a conscientious approach for a sustainable future

There was a sigh of relief during Finance Minister Heng Swee Keat’s announcement at Budget 2018 that a carbon tax of S$5 per tonne of greenhouse gas emissions will be imposed from 2019. In doing so, Singapore joins…

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