Daily Archives: May 2, 2018 (21 Articles Found)

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Northpoint shines for Frasers CentrePoint Trust

A “significant” improvement in Northpoint City occupancy boosted second-quarter sales for Frasers CentrePoint Trust (FCT). Its manager, Frasers Centrepoint Asset Management, says there was higher revenue and net property income with an average portfolio rental reversion of 9.1…

Building a Smart FM World through Technology Solutions

In Feb 2018, the Singapore Government launched its Real Estate ITM, with specific focus on facilities management and property transaction services. It has two broad thrusts: (a) Embrace innovation and leverage technology and (b) Strengthen professionalism and upskill…

9 things for newbies to look for when investing in office properties

When it comes to commercial properties, office spaces are often considered an investment for the pros. It’s one of the more volatile property types, and often one of the most rewarding. Before you decide to step into the…

S’pore still needs more hotel rooms, says Colliers

The prospect of the local hotel industry appears rosier with worries over a large room supply diminishing as tourist arrivals and their length of stay continue to increase, according to Colliers Intl’s Hotel Insight Q1 2018 report. “Hoteliers…

Holland Tower launches collective sale with S$65m reserve price

Owners of the 19-unit Holland Tower condominium near the Holland Village neighbourhood have put their site up for collective sale by tender with a reserve price of S$65 million. The freehold site at 10 Holland Heights occupies a…

Worker falls to his death at worksite in Woodlands

A 44-year-old foreign construction worker died after a fall at a worksite in Gambas on Tues morning. A spokesman for MOM told ST on Wed that it was alerted to the fatal accident in a shaft under construction…

Singapore co-working pioneer Impact Hub rebrands as Found, to open 3rd space in Amoy St

Co-working space operator Impact Hub Singapore – said to be a pioneer in the business here – has rebranded as Found. Found said on Wed that it continues to be supported by longstanding partners and investors, including Lee…

More war graves beneath grounds of Bukit Brown?

Hidden beneath the dirt of Bukit Brown Cemetery are the remains of thousands of men, women and children unceremoniously dumped into unmarked graves, the victims of a brutal war. Historical records tell of trucks with bodies piled high…

Sungei Buloh wetland polluted by farms

Nature enthusiasts visit the Sungei Buloh Wetland Reserve for a sight of wading shorebirds and lazing crocodiles, among other animals – and for its fresh air. There have been times, however, when they caught a whiff of something…

Ulu Pandan wastewater treatment demonstration plant wins global award

A wastewater treatment demonstration plant in Ulu Pandan that began operating only last year has won an award at the 2018 Global Water Awards in Paris. It took home the Water/Wastewater Project of the Year Award for its…

CDL making fast progress in sustainability

Property giant City Developments Limited (CDL) said it hit a range of targets last year as it stepped up its campaign to improve sustainability. It noted in its latest report out on Mon that it had reduced its…

CDL Hospitality Trusts kept at ‘add’ as proxy for recovering local hotel market

CDL Hospitality Trusts’s (CDL-HT) Singapore hotel RevPAR rose y-o-y for a second straight quarter, reaffirming that trading conditions in the hotel market have been improving from the start of the year. Management also noticed a pickup in corporate…

15-unit Margate Point apartment up for en bloc sale at $38m

Fourteen of the 15 owners of apartment Margate Point in Margate Road have collectively put their property up for sale by tender at $38m in their first en bloc attempt, JLL announced. The site is located off Meyer…

Gaining from sustainability

Sustainability can be a dirty word for some SMEs. To them, it is a necessary evil that is part and parcel of getting the required eco certifications and licences for their business to operate. But for many, their…

Revolutionising the energy management market

Your smart electricity meter is probably dumb, going by the standards of Alex Lau, the 45-year-old CEO of Anacle Systems. “The technology needed for a smart meter to send its readings back to itself was already available 30,…

Time to shine

Sunny Singapore might seem like the perfect place to start a solar power business, but Frank Phuan, co-founder and CEO of clean energy solutions provider Sunseap Group, knows better. The city-state has no lack of sunlight, but it…

For better road safety, educate pedestrians too

It is heartening to read that LTA is taking action to make crossing the road safer for pedestrians. But while safety for pedestrians is important, we must not go overboard and do this at the expense of traffic…

Tools available to construction firms for noise control

We thank Mr Loong Chik Tong for his letter (Upgrade noisy outdated construction practices; Apr 26). We agree that the construction industry should adopt quieter equipment and methods to reduce noise disturbance to nearby residents when carrying out…

Stiffer penalties for errant users of personal mobility devices kick in

With the Active Mobility Act kicking in from Tues, errant riders of bicycles, e-scooters or other PMDs will face stiffer punishments, including jail time, said LTA. It will exercise its powers with immediate effect. This includes regulating the…

Most affordable new condominiums in 2018

Sentiment in the private residential market continued to be buoyant in 1Q2018, with overall home prices soaring by 3.9% within the time period. This is compared with the 0.8% increase in the previous quarter, the latest report by…

Seller at Four Seasons Park rakes in $3.3 mil profit

The seller of a four-bedroom unit at Four Seasons Park in prime District 10 raked in a $3.3 million profit (150%) on Apr 16. It was the most profitable sale recorded in the week of Apr 10 to…

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