Daily Archives: June 7, 2018 (30 Articles Found)

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KL-Singapore HSR may be revived if the price is right

Speaking to the media, the Malaysian Finance Minister said that the “KL-Singapore HSR can be “so much cheaper.” Minister Lim Guan Eng added that “if the financial architecture is done right, it doesn’t need to cost so much.…

Low SES no more: 4 ways to break the cycle with property

Lately, our ministers have a new pet topic: social stratification. Many of them have publicly stated the need to address Singapore’s growing divide between citizens of lower socioeconomic status (low SES) and folks who seem to do staycations…

Singapore a good country to raise kids, but maybe not the best

Is Singapore truly the best country in the world for children to grow up in? Last week, intl NGO Save The Children published its annual End of Childhood report, which ranked Singapore as number one out of 175…

Safe Singapore tops world law and order index

Singaporeans feel safer than residents of any other country in the world, a global study has found. Research firm Gallup says that 94 per cent of adults here feel safe walking alone at night, compared with the global…

Spotlight shines on Singapore’s Sentosa Island as host of US-North Korean summit

Sentosa Island off the coast of Singapore calls itself “the state of fun.” But “fun” might not exactly be the most accurate description on June 12, when President Donald Trump and North Korean leader Kim Jong-un meet for…

Dropped rail project’s ‘ripple effect’ hit Serangoon weekend home sales

The low take-up of Phase 1 of Affinity at Serangoon and The Garden Residences over the weekend could have felt the “ripple effect” of the abandonment of the KL-Singapore HSR project, argued UOB Kay Hian analyst Vikrant Pandey.…

Singapore to buoy investment woes from dropped HSR project

Malaysian PM Mahathir Mohamad intends to renegotiate the agreements with Singapore and China regarding, respectively, the planned HSR connection between KL and Singapore and the Chinese-backed East Coast Rail Link. The reasons cited are the need to save…

HDB resale prices down 1.8% in May

The resale prices of HDB flats in May dipped 1.8% from last year and 0.5% from last month, SRX Property revealed. The resale prices of HDB 4 Rooms, HDB 5 Rooms, and HDB Executive increased by 0.1%, 0.5%,…

Low Keng Huat to acquire property adjacent to Cairnhill Mansions for $100 mil

Property developer Low Keng Huat (Singapore), through its subsidiary Glopeak Development, has entered into an agreement to purchase the freehold property at 67 Cairnhill Road and two nearby land lots for a total of $100 million. The property,…

Freon gas leak forces passengers to alight at Tanjong Pagar MRT station

Passengers on board an eastbound train were forced to alight and board the next train at Tanjong Pagar MRT station on Thurs morning because of a freon gas leak. SMRT staff detected smoke from beneath the train at…

Preparations underway for Trump-Kim summit at likely venues

Throughout Thurs, there were signs of activity at the three likely venues involved in the historic talks between US President Donald Trump and North Korean leader Kim Jong-un. At St Regis Hotel, where Mr Kim is rumoured to…

‘Business as usual’ for Sentosa attractions during Trump-Kim summit, despite some challenges

Less than a day after an announcement that the summit between US President Donald Trump and North Korean leader Kim Jong Un would be held at the Capella Hotel on Sentosa, Mr Putera Alexavier was being contacted by…

The final straw: How Singapore can curb plastic pollution

The development of plastics has led to a revolution in packaging and consumer goods, and enhanced convenience for billions of people. Yet, an estimated 8 million metric tonnes of plastic leaks out into our oceans annually, causing major…

Time to pick up e-waste mess

Singapore has a long way to go in dealing with its mountain of electronic waste, but the campaign enjoyed a small boost on Tues. Best Denki, Courts, Gain City and Harvey Norman will place a total of 20…

KL should also consider benefits of the HSR

It is premature to tie the fortunes of the Jurong Lake District (JLD) so closely with KL-Singapore HSR line. A world-leading precinct for high technology research, incubation and advanced manufacturing could rise from the district over the next…

Go further in push to develop clean energy

Singapore’s Climate Action Plan drawn up by the National Climate Change Secretariat is commendable in its focus to manage climate change. With particular reference to vehicular emissions, Singapore has been encouraging its people to embrace a car-lite society.…

Tackle plastic waste problem through laws

I welcome the Government’s effort to tackle plastic waste (Move to get retailers to limit plastic bag usage; June 6). In our Singapore society, plastic bags are given out too freely and excessive packaging is the norm. The…

Shared paths a recipe for accidents

Sun night’s accident where a 60-year-old believed to have been hit from behind by bicycle was a tragedy that need not have happened. Having shared paths for joggers, walkers, cyclists and motorised devices is a recipe for accidents,…

Resident sues condominium developer for negligence after e-scooter fall

An injured e-scooter rider’s legal suit against a condo developer could lead to the introduction of a regime of rules for the use of such mobility devices in condominiums. In the High Court case, Briton John Curtis, who…

Joel Robuchon Restaurant to close

Singapore will lose its only three Michelin-starred restaurant when the iconic Joel Robuchon Restaurant closes for good at the end of this month. Its sister outlet, the two-starred L’Atelier de Joel Robuchon, will also close, although it may…

Continental opens its third R&D building in Singapore

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Technology company and automotive supplier Continental has opened its third R&D building in Singapore with the goal of meeting the demand of growing engg capacities driven by the worldwide business expansion, particularly in Asia. Consisting of seven storeys…

HK-listed FEC acquires Singapore property

Hot on the heels of other recent property dealings here in the prime district, Hong Kong-listed Far East Consortium Intl (FEC) has just acquired 21 Anderson Royal Oak Residence. FEC’s indirect wholly owned subsidiary, Advance Delight Global, has…

Using co-working spaces to match talent

An initiative involving co-working firms like US giant WeWork and EDB aims to improve talent-matching in tech fields and bring more firms here. The precise terms of the arrangement have not been firmed up but the broad outlines…

WeWork opens its largest regional space in Singapore

WeWork has opened its regional flagship space – its largest in SEA – in Singapore, at 71 Robinson Road. The co-working space operator will occupy three floors in the 15-storey office building, catering 1,400 seats for entrepreneurs and…

Will hospitality REITs recover in the next 2 years?

This chart from DBS Equity Research forecasts Singapore’s hospitality REITs to register the strongest growth of DPU amongst S-REITs for the next two years. The overall DPU of hospitality REITs is expected to grow 4% per year in…

Singapore’s flexible office market jumped 17%

The flexible workspace market in Singapore grew by 17% to 228 centres offering co-working, flexible, and hybrid office space, The Instant Group revealed. According to its Global Cities Report, businesses are easily able to secure office space in…

Meyer Road freehold bungalow plot up for sale at $24m

A freehold bungalow plot located off Meyer Road is put up for sale with an asking price of $22m to $24m, according to JLL. With an approximate area of 16,160 sqft, the property reflects a rate of around…

Gilstead Court launches collective sale at $168 million

Gilstead Court, an en bloc sale site along Gilstead Road, has just been launched for sale by tender at an asking price of $168m, JLL revealed. Gilstead Court comprises 24 apartments of 129 sqm each and 24 apartments…

Elizabeth Towers in Orchard Area up for en bloc sale at $610m

The prime, freehold residential Elizabeth Towers off Orchard Road has been put up for en bloc sale with an asking price of $610m or a land rate of $2,416 psf ppr, Knight Frank Singapore said. Elizabeth Towers is…

Trump-Kim summit: Sentosa businesses, residents expect inconveniences

As Singapore prepares to ramp up security on Sentosa island ahead of next Tues’s historic summit between US President Donald Trump and North Korean leader Kim Jong Un, some of those who live, work and operate tours on…

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