Daily Archives: March 16, 2018 (26 Articles Found)

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Singapore’s ‘en-bloc’ redevelopment fever may be cooling

Singaporean engineer Andy Goh has stopped saying hello to some neighbors in his condominium. The mood in the 596-apartment Cashew Heights complex is “tense and stressed” after an initiative late last year to offer it for collective sale…

Blockchain to boost security, transparency in property markets

Blockchain technology is set to transform commercial real estate, with wide ranging applications, revealed latest research from Colliers Intl. Blockchain, for instance, could provide a secure platform for all parties to verify each other’s identity, as well as…

Singapore property developer sales dip in Feb. Is this a seasonal decline or a cause for concern?

Developers’ monthly sales (excluding EC) declined 28.1 per cent m-o-m to 377 units in February due to slower home sales during the Chinese New Year holidays and the absence of major launches. The number of units sold is…

Illegal short-term rentals pit condo management against errant owners

Illegal short-term rentals are a gold mine for recalcitrant home owners, but a bugbear for residents dealing with disruptive holidaymakers. A battle is ongoing between errant subletters and condominium managers, who are trying their best to prevent illicit…

Time to improve mobility features for ground-floor flats with steps at entrances?

There are a number of ground-floor flats under HDB with raised or stepped entrances that impede the ease of access to and from home for older residents. The EASE Programme by HDB allows eligible applicants to fix items,…

6 reasons people still spend money in Orchard Road

Orchard Road’s fall from grace has been sudden and unceremonious. It seems like just yesterday when the shopping belt was the coolest place in Singapore, and new malls like Somerset 313 and Orchard Central were sprouting up like…

Beauty salons, gyms and buzzing shops lure shoppers to CBD malls

When most shoppers think of the CBD, retail therapy is not the first thing that springs to mind. The financial district empties out during the weekend so shopper footfall is sparse, along with the buzz. And on weekdays,…

Katong Park Towers sold to Bukit Sembawang for $345 million

Katong Park Towers in District 15 has been sold to a subsidiary of Bukit Sembawang Estates for $345 million, about 20 percent above the reserve price of $288 million, said Cushman & Wakefield. Located at 114A Arthur Road,…

URA launches two sites at Mattar Road and Silat Ave, could yield 1,375 homes

URA launched two residential sites at Mattar Road and Silat Ave for sale on Fri under the confirmed list of the first half 2018 GLS programme. The two 99-year leasehold sites are expected to yield about 1,375 units.…

SMRT taps predictive technology to prioritise maintenance

Commuters should expect fewer episodes of train or track faults as well as greater accuracy in estimating wait times for trains by the end of the year, as SMRT puts in place a series of new systems stemming…

2 men charged for evading taxes on more than S$700,000 of rental income

Two men were charged on Fri in separate cases of evading taxes on rental income. The total rental income omitted from their tax returns amounted to more than S$700,000. It resulted in more than S$120,000 in undercharged tax,…

BlueSG sees more than 20,000 rentals in less than 3 months, but observers say impact yet to be felt

More than 9,000 people have registered for Singapore’s first electric car-sharing service BlueSG in its first few months with the service seeing more than 20,000 rentals as at Feb 28, less than three months after it launched on…

Cabby’s mistake lands vehicle on staircase in Yishun temple

A ComfortDelGro cabby mistakenly drove his vehicle down the staircase of an Yishun temple on Thurs. He had just dropped a passenger off at the temple in Yishun Industrial St 1 and was driving off when he mistook…

Car owner’s Jurong visit takes nasty turn

While it is not uncommon to see rubbish bins placed outside landed properties, things have taken a nasty turn in landed estate Westwood Crescent in Jurong. Police are investigating an incident after a visitor found nails embedded in…

Singapore Flyer still grounded ahead of 10th anniversary

The Singapore Flyer remains “grounded” and no date has been set for its reopening. BCA has yet to approve letting the 165m-tall observation wheel open its doors again. Before it does so, BCA must be satisfied that safety…

Co-sharing in pre-schools cuts anxiety for toddlers

Move a child from his infant care refuge to a childcare facility and tears will flow because he has been separated from the teachers and surroundings he is familiar with. So since 2016, My First Skool and ECDA…

More non-court solutions needed

New protocols proposed last week by the State Courts will require town councils to take court action only as a last resort against those who run afoul of their bylaws to avoid wasting court time and resources. Another…

Taking workplace safety personally

The jailing of a former supervisor, culpable for two deaths resulting from the worst accident in SMRT’s history, might provide some closure to the victims’ families. But two broad points emanating from the 2016 case should not be…

Inculcating domestic recycling habits

NEA launched the National Recycling Programme (NRP) in 2001 to provide households with a more convenient option to recycle. It complements other existing recycling channels. Currently, all public housing blocks and landed premises have easy access to the…

100 per cent owners’ consent not needed for building conservation

In a commentary, Assistant Professor Yeo Kang Shua questioned why 100 per cent of owners’ consent is needed for voluntary conservation of strata-titled developments, like Pearl Bank Apartments, compared with a lower threshold of 80 per cent consent…

New HDB Bukit Panjang branch to feature 24/7 e-lobby

Residents in Bukit Panjang and Choa Chu Kang will be able to enjoy greater convenience from Mon, with the opening of a new HDB’s branch which features a round-the-clock e-lobby. On Fri, HDB said the new branch, located…

Bye, bye, Sim Lim Square? Shop owners make bid for en-bloc sale

The en-bloc wave sweeping through the property market could wipe off the iconic “tech mecca” otherwise known as Sim Lim Square, if the mall on Rochor Canal Road makes a successful bid for a collective sale. Being a…

Home vacancy rates breach 8% as owners hope to cash in on sale frenzy

Home vacancy rates in Singapore rose to elevated levels or above 8% as a growing number of homebuyers and developers are selling their properties in the hopes of cashing in on the latest sale frenzy to grip the…

Mandarin Gardens ‘likely to draw joint ventures and foreign players’

With an eye-popping reserve price of S$2.45 billion and sprawling size of over one million sqft, Mandarin Gardens could be a tough sell. But if what could be the nation’s largest residential en bloc deal ever materialises, it…

CDL to launch 861-unit Tampines condo next weekend

Property developer City Developments Limited (CDL) is set to launch The Tapestry along Tampines St 86 next Sat. Located close to Tampines MRT station and the newly-completed Our Tampines Hub, the 861-unit condominium has a range of one-…

Koh Brothers Eco Engineering in consortium to build Singapore’s first smart hospital campus

Koh Brothers Eco Engineering, in a 20% joint venture with Ssangyong Engineering & Construction and Daewoo Engineering & Construction, has won a contract to develop the Woodlands Health Campus (WHC). The Woodlands Health Campus is Singapore’s first smart…

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