Daily Archives: March 6, 2018 (36 Articles Found)

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Singapore to start first cybersecurity startup hub

Singapore is setting up its first cyber security start-up incubation hub, with funding to be provided for new inventions, as the nation strives to carve out a role for itself in the new digital economy. Dubbed Innovation Cybersecurity…

S’pore steel firms may see lower costs; trade war is main concern

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With steel and aluminium accounting for a sliver of Singapore’s total trade, planned tariffs by US are likely to have a limited direct impact, said analysts. If they cause metal flows to be redirected to South-east Asian markets,…

Waiting period for divorcees to buy subsidised HDB flats scrapped: Lawrence Wong

The mandatory three-year wait for divorcees to purchase a subsidised HDB flat will scrapped as of Tues, said MND Minister Lawrence Wong in Parliament. Under the revised measure, both parties in a divorce will now be allowed to…

Minimum age for singles to buy flats to remain: Lawrence Wong

The minimum age of 35 for singles to purchase a HDB flat is “still valid” given the high marriage rates among those below that age and the strong demand for flats among singles, said MND Minister Lawrence Wong…

Young couples looking to buy new HDB flats can have income assessment deferred

Young couples looking to purchase a new flat will soon be allowed to apply for their home first before having their income assessed just prior to collecting their keys, said MND Minister Lawrence Wong in Parliament on Tues.…

8-storey residential flats to be developed at Geylang freehold sites but is financing a problem for the district?

Development 24 announced on 5 Mar that they have completed the acquisition of several freehold land parcels at 31 to 51 (odd) Lorong 24 in Geylang for a total of $60 million. Development 24 intends to develop a…

New launch versus resale: Which makes a better investment property?

If you’re buying an investment property to rent out, you have a different set of considerations from the typical homeowner. That means looking at things in terms of cold, hard numbers – it doesn’t matter how pretty (or…

Safeguarding post-Independence ‘Pearls’

When the collective sale of Pearl Bank Apartments went through last month for $728 million on its fourth attempt, those residents opposed to it were not the only ones experiencing anguish. Many heritage enthusiasts lamented the loss of…

HDB rental guide 2018: Top 5 most expensive estates to rent a HDB flat in Singapore

As Singapore residential property prices look set to rebound following several years of decline, since its peak in 2013, many may expect rental prices to follow suit. While the rationale for this may be simple – higher property…

Improved tax transparency treatment of REIT ETFs expected to boost yield

UOB Kay Hian is staying “overweight” on REITs given improved tax transparency treatment of REIT ETFs is expected to boost yield and proliferation of the instrument. This means key constituents of FSTREI (FTSE ST Real Estate Investment Trusts…

3 S-REITs to accumulate following the market pullback: OCBC

OCBC Investment Research is maintaining its “neutral” stance on the Singapore REITs (S-REITs) sector with the conclusion of the 4QCY17 earnings season, which the research house deems to have offered “little surprises” as all 24 S-REITs under its…

UOL attractively valued following UIC consolidation

In a Tues report, DBS analyst Rachel Tan says that she is more positive compared to consensus as the UOL group is well positioned to benefit from improved sentiment in Singapore’s property and hospitality segments. This is due…

5 property advice in the Year of the Dog

We kick-started the new year with a Property Club Singapore education seminar titled “Reading Property Signs in the Year of the Dog”. I used the occasion to share with the audience the property strategies for homebuyers and investors…

Pearl Bank not worthy of conservation

I frequently support the conservation of our historic landmarks, but the 1970s Pearl Bank Apartments, recently slated for demolition, is not one of them. Pearl Bank has garnered such attention only because of a conservation bid launched in…

More green, less concrete the cool way to go

It is good that the Government will be implementing a carbon tax from next year and that Singapore will be aiming to slash greenhouse gas emissions intensity by 36 per cent, by 2030. Unfortunately, carbon emissions are not…

Buses behaving like taxis may hit the road by year end

By year end, commuters will be able to summon a bus as easily as they phone-hail a cab now. These on-demand buses will cost much less than taxis and could have a higher service standard than public buses.…

Airbnb offers to collect and remit tourism tax from hosts to government

Home-sharing service provider Airbnb is open to discussing ways to collect hotel and tourism taxes from its hosts, among other proposals it has made to the government ahead of a consultation paper that sets out a regulatory framework…

Ryobi Kiso opens Singapore centre to develop tech solutions

A specialist engineering firm has opened a centre here that will develop new technology solutions for the industry. The centre’s focus will be developing deep industrial technology capabilities in areas such as geotechnical engineering and heavy machinery, said…

Johnson & Johnson to launch new design lab in Science Park, its first outside New York

Pharmaceutical company Johnson & Johnson will soon unveil a new facility in Science Park that will gather all its Singapore offices into a single location. This building, which will celebrate its grand opening in May, will also be…

Booking website RedDoorz launches its first fully leased and run hotel

A Singapore-based web platform that markets hospitality spaces is venturing into brick and mortar as part of efforts to transform the hospitality industry in SEA. RedDoorz, which runs a budget accommodation booking website, has expanded into directly leasing…

Ribs and coffee for Bedok Point

New F&B outlets just opened at Bedok Point mall include Singaporean pork ribs and Japanese coffee. Founded by Madam Gwee Peck Hua and her sister Madam Gwee Guek Hwa, Ya Hua Bak Kut Teh specialises in Bak Kut…

More customers returning trays at two hawker centres, thanks to personal reminders and visual cues

Two hawker centres have reported some success in tackling the perennial challenge of getting more customers to return their trays — by reminding patrons with additional visual and verbal cues. Two pilot projects were held at Zion Riverside…

HDB to launch 2,000 more BTO flats with shorter waiting times

Two thousand more BTO flats will be launched next year with shorter waiting times, announced MND Minister Lawrence Wong in Parliament on Tues. The move will be made to “help young couples with their first home”, said Mr…

No plastic bag surcharge as ‘greener’ disposables not better for environment

Often touted as “greener” alternatives to plastic bags, paper and degradable bags may not actually be better for the environment — at least not in Singapore’s case. Compared to plastic bags, they may require as much resources to…

Higher water prices help spur drop in households’ usage

Higher water tariffs last year helped spur households to cut water consumption from 148 litres to 143 litres per person per day – the sharpest drop in at least a decade. Last year’s per capita domestic water consumption…

More help for local farmers to improve productivity with technology: Koh Poh Koon

To better support the agriculture industry in improving productivity, Senior Minister of State for National Development Koh Poh Koon said that the Agriculture Productivity Fund (APF) will be enhanced. “Many farmers have told us that they are happy…

Returning trays at hawker centres does not deprive cleaners of jobs: Amy Khor

Encouraging the return of trays at hawker centres will not deprive cleaners of their jobs, Senior Minister of State for the Environment and Water Resources Amy Khor said in Parliament on Tues. “Cleaners are not going to lose…

Using 1 reusable bag over a year can replace 125 plastic, 52 paper bags: NEA study

The use of one reusable bag over a year could replace the use of 125 single-use plastics bags or 52 single-use paper bags, a life-cycle assessment (LCA) study commissioned by NEA shows. An LCA study evaluates the environmental…

Masagos on climate change: Caring for environment must be in Singapore’s DNA, like conserving water

In light of the global existential issue of climate change, MEWR wants to embed in Singapore’s DNA the instinct to care for the environment, like our national consciousness for conserving water, said Minister Masagos Zulkifli on Tues. “This…

Compulsory e-waste management system to be enforced by 2021

MEWR will implement a mandatory electrical and electronic waste management system by 2021, Senior Minister of State Amy Khor announced on Tues. The system will cover five main categories of products – ICT, like mobile phones and computers;…

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