Daily Archives: June 1, 2018 (27 Articles Found)

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Minister: RM4b Johor-Singapore RTS link to go ahead as planned

The government will not scrap the Johor Baru-Singapore Rapid Transit System (RTS Link) project for now, Transport Minister Anthony Loke said today. But Loke said the PH administration will postpone signing the joint venture until the project’s feasibility…

Urban regeneration: Improving infrastructure and bringing back the ‘kampung spirit’

The year 2017 was an excellent one for the property investment market. We saw several large residential sites sold en bloc. This year, a couple of large sites could be launched for sale under the GLS programme, including…

World Court drops Malaysia-Singapore territorial dispute

ICJ on Fri said it has dropped a long-running territorial dispute between Malaysia and Singapore by mutual consent. The court said Malaysia this week notified it of its intent to drop its claim to Pedra Branca island, near…

CapitaLand President and Group CEO Lim Ming Yan to retire end-2018

The President and Group CEO of CapitaLand Group Lim Ming Yan has given notice to the Board that he plans to retire on Dec 31, 2018. On Fri, CapitaLand said the Board has accepted Mr Lim’s notice of…

Cracks along Adam Road caused by water which had ‘accumulated at the roadside’: LTA

Cracks on the road surface along Adam Road were caused by water that had accumulated at the roadside due to the “heavy rain”, LTA said on Fri. The authority said it has completed investigations into the cracks, which…

JTC announces new climate action commitments amid 50th anniversary celebrations

JTC has pledged its support for Singapore’s Year of Climate Action 2018 as part of the company’s 50th anniversary celebrations. The state-owned industrial property developer’s pledge on Fri encompassed commitments that aim to optimise energy and water use…

Cleaner jailed for taking bribes from waste collector to illegally dispose of rubbish

A self-employed waste collector, wanting to save costs, decided to illegally get rid of his rubbish at a bin centre instead of an authorised NEA collection site, a district court heard on Fri. Phua Geok Seng, 61, then…

Five firms fined for illegally discharging waste into public sewers

Five companies have been fined for illegally discharging waste into public sewers, PUB said on Fri. Toxic industrial waste collection firm NSL OilChem Waste Management was fined $25,000 on May 15, after an anonymous tip-off last year led…

Singapore asks Malaysia to clarify position on KL-Singapore HSR: Khaw Boon Wan

Singapore has requested that the Malaysian Government clarify its position on the KL-Singapore HSR project, Minister for Transport Khaw Boon Wan said on Fri. He said that Singapore made this request through “diplomatic channels” following media reports of…

Tender to be called for Kallang Football Hub

The Singapore national team will receive a huge boost, after SportSG CEO Lim Teck Yin revealed yesterday that the launch for the tender to develop the Kallang Football Hub will take place within the next fortnight. Located at…

Singapore the world’s best country for children to grow up in: NGO report

Singapore is the joint-best country in the world — along with Slovenia — for children to grow up in, according to a report published by NGO Save the Children. The report on 175 countries saw Singapore faring well…

EC demand could trigger Tampines Ave 10 sale

The government has placed two residential sites, Tampines Ave 10 and Sims Drive, in the Reserve List for its GLS programme. Analysts expect their sales to be triggered soon due to rising demand for their respective property types.…

How Hari Krishnan has led PG through talent churn, a lawsuit, and a reinvention

PropertyGuru (PG) CEO Hari Krishnan has worked in tech all his adult life, but his first job when he was still in school was quite different. “I was trained as a painter – my mother is an artist,”…

Singapore’s top property broker, PropNex Realty is preparing to launch IPO

PropNex Realty, Singapore’s biggest property broker, plans to seek about S$40 million ($30 million) from a proposed Singapore IPO, people with knowledge of the matter said. The company is targeting a market capitalization of as much as S$250…

Widespread blackout lasting more than 30 minutes hits Singapore’s CBD

A blackout that hit commercial buildings in Singapore’s CBD saw the lights and air-conditioning go out for up to 34 minutes on Fri, amid reports of people trapped in lifts and malfunctioned traffic lights. SP said that electricity…

KL-Singapore HSR costs above S$37b with interest: Lim Guan Eng

Finance Minister Lim Guan Eng has accused his predecessor Najib Razak of ignoring interest charges when claiming that the HSR to Singapore would cost only RM72 billion (S$24.5 billion). The Mahathir Mohamad administration has said it will ask…

S-REITs raised $4b YTD amidst acquisition fever

S-REITs have raised close to $4b, excluding IPOs, in the last five months, which has been one of the busiest periods for S-REITs since 2011, DBS Equity Research revealed. Most of the proceeds have been channelled into acquisitions,…

Don Don Donki to open second store at 100 AM mall on 14 June

Japan’s popular discount store Don Don Donki will be opening its second outlet on 14 June at the 100 AM mall in Tanjong Pagar. The store, located on levels two and three of the mall, will have various…

Review Raffles Country Club closure now that KL has scrapped HSR

The imminent closure of Raffles Country Club (RCC) – slated for July 31 this year – has caused much anxiety to its golfing members. Another Government-acquired golf club – Jurong Country Club – was closed much earlier but,…

Move some govt agencies to JLD

It is disappointing that the Malaysian government has decided to scrap the Singapore-KL HSR project. Although a costly project, it was also projected to bring tremendous social and economic benefits for both countries in the long run. Accordingly,…

Cracks on Adam Road cause massive traffic jam; LTA investigating incident

Cracks across at least two lanes on Adam Road caused a massive traffic jam tailing back to Bartley and Serangoon during the morning rush on Fri. ST understands that the cracks, which appeared near the ongoing construction site…

HSR project no-go dashes expansion hopes for some Singapore businesses

For Mr Low Cheong Kee, founder of homegrown hardware store Home-Fix, the HSR link that Singapore and Malaysia agreed upon opened up “countless possibilities” for expansion, hiring and sales. With 16 outlets in Singapore and nine in Malaysia,…

Which are the most popular new condos in 2018 (so far) and why?

Sentiment in the private residential market continued to be buoyant in 1Q2018. As the market picks up, which are the most popular new condos in Singapore this year? Based on developer sales, we looked at the best-selling new…

Dairy Farm Road site could lure hot competition from developers

The GLS of a Confirmed List site at Dairy Farm Road is expected to attract hot competition from developers. Tricia Song, head of research for Singapore, Colliers Intl said the site’s most attractive attributes are its proximity to…

Falling Hari Raya banner hurts two students at Our Tampines Hub

Two ITE College East schoolmates were taken to hospital when a Hari Raya banner at Our Tampines Hub (OTH) fell on their heads. Miss Nur Hanyn Humaira, 18, and Miss Rosyanty Roslee, 18, were seated at the main…

New centre for dyslexic people will use VR tech to enhance learning

The Dyslexia Association of Singapore (DAS) has opened its first centre that will make use of smart technology to enhance learning. Located at Blk 411 in Serangoon Central, the centre has a capacity for 350 students. It will…

Six hotels in Singapore pledge to eliminate plastic disposables

Plastic disposables such as straws and toiletry bottles will soon be a thing of the past for several hotels in Singapore. Ahead of World Environment Day next Tues, the Millennium Hotels and Resorts (MHR) group has pledged to…

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