Daily Archives: May 17, 2018 (22 Articles Found)

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SRX launches home loan platform

Real estate services provider SRX has launched a home loan platform that promises to help borrowers ease the task of filling up forms. SRX said on Thurs that its myHome Finance service can do that by tapping MyInfo,…

MRT upgrades get a boost

Even as efforts are made to ramp up the reliability of older MRT lines, the authorities are also finding new ways to improve commuter experience on newer networks. On Mon, LTA launched a pilot information system for DTL,…

CDL, Distrii open Singapore’s single largest and tech-driven co-working facility

City Developments (CDL) and Chinese co-working operator Distrii have joined forces to soft-open Singapore’s single largest and tech-driven co-working facility on Thurs located at CDL’s Republic Plaza. This facility, which spans 62,000 sqft across six floors, is about…

S’pore to see ‘most extensive urban transformation’ as Govt aims to build better city

Cities must evolve and adapt to survive in an ever changing world and there is “no such thing as status quo”, said MND Minister Lawrence Wong on Thurs. “We are either improving or we are declining and going…

Next Transport Master Plan should aim to create a seamless, inclusive system: Janil Puthucheary

The next Land Transport Master Plan (LTMP) should focus on providing a seamless, inclusive land transport system with stronger connectivity to regional centres, said Senior Minister of State Janil Puthucheary in Parliament on Thurs. There will be three…

Housing and urban plans must be inclusive and resilient: Lawrence Wong

Housing and urban plans in Singapore must continue to push back against the growing pressures of inequality and social stratification, MND Minister Lawrence Wong said on Thurs. An outstanding city is not just economically attractive but also inclusive,…

Fault on Dhoby Ghaut platform screen door causes peak-hour delays on NSL

A platform screen door fault caused 45-minute delays on NSL on Thurs during the evening peak hour. The fault affecting the platform screen doors at Dhoby Ghaut station started at 5.45pm and lasted slightly over two hours. “As…

Government looking into lease issue of old HDB flats which involves ‘serious trade-offs’: Lawrence Wong

The Government is studying the lease issue of older HDB flats, amid concerns about the impact of lease expiry on resale prices. Announcing this in Parliament on Thurs, MND Minister Lawrence Wong also spelt out the “serious trade-offs”…

Shorter service hours from Admiralty to Yio Chu Kang MRT stations on 1 June-1 July: SMRT

Five MRT stations along NSL will close earlier and open later on weekends for a month to facilitate rail engineering and rectification works, said SMRT on Thurs. From 1 June to 1 July, the affected MRT stations –…

Property investment: Are potential profits an illusion?

A report released by DBS on May 16, 2018 forecasts private residential property prices to grow annually by 1.5 to 3.2% over the next 12 years, backed by rising homeowner incomes. Singaporeans are often accused of being over-optimistic…

Young monkey found dead in cage in Lentor

A young monkey was found dead near private houses in Lentor on Thurs morning, the latest in a string of cases involving human-wildlife conflict. The long-tailed macaque was found lying in a large makeshift cage by a resident…

Big Box warehouse mall goes on sale

The Big Box warehouse retail mall in Jurong East has been put up for sale via EOI by the owner’s receivers and managers with no guide price given, revealed Cushman & Wakefield on Wed. The eight-storey building is…

OKP group MD, employees to face charges over PIE viaduct collapse

OKP Holdings’ wholly-owned subsidiary Or Kim Peow Contractors, group MD Or Toh Wat, project director Allen Yee and project engineer Wong Kiew Hai have been charged for alleged offences arising from a work site accident in July last…

Chancery Court at Dunearn Road goes for $401.78m, 6% higher than reserve price in en bloc sale

Chancery Court, a privatised HUDC estate across the road from ACS (Barker Road), has fetched $401.78 million in a collective sale tender or 6 per cent higher than its reserve price, OrangeTee Advisory said on Thurs. The winning…

Trendale Tower en bloc sale launched at $163.52m

The en bloc sale of Trendale Tower located along Cairnhill Road has been launched at a reserve price of $163.52m or a land rate of $2,250 psf ppr, Savills Singapore announced. Occupying a land area of 2,016.8 sqm…

Tighten measures to bring down property prices

Dr Jeremy Teo Chin Ghee’s letter deserves serious consideration by our future-looking Government (Govt should rein in soaring private property prices; May 14). Those belonging to the sandwiched class who do not qualify for public housing have few…

one-north hub offers new retail experience

A communal space for one-north district’s residents and workers to shop, eat and gather has reopened after a year of upgrading works. Renovations to Fusionopolis’ retail and recreational hub were completed last Dec, and it now offers new…

Singapore to create ‘largest’ artificial reef at Sisters’ Island

Singapore’s largest artificial reef habitat will be created at the Sisters’ Islands Marine Park by the end of this year, announced JTC and NParks on Thurs. The project will see between four to eight giant artificial reef structures…

What happens when HDB flats with short leases left are no longer assets?

Resale prices of HDB flats have experienced negative or zero growth for the last 19 consecutive quarters since the third quarter of 2013, in contrast to prices of private property, which started showing signs of recovery in late…

ECs snap up 45% of developer home sales in Apr

ECs snapped up 45% of total home sales by developers in Apr, according to PropNex, as the pickup in the property market continues to breed aggresive market takeup. Rivercove Residents, an EC development in OCR, was the best…

Far East bags coveted Holland site for S$1.2b

A consortium led by property giant Far East Organization, which has clinched a coveted commercial and residential site in Holland Road, is planning a development with apartments for sale, dual office/residential use units, offices, retail space and serviced…

5 freehold residential sites for sale with value exceeding $1.2b

JLL has launched five freehold residential sites for collective sale with a total value exceeding $1.2 billion. The five sites are Cavenagh Gardens off Orchard Road, Flynn Park in Pasir Panjang, Rosalia Park near Serangoon Central, La Ville…

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