Daily Archives: June 28, 2018 (31 Articles Found)

Archives
  • Daily Archives

  •   28
    M T W T F S S
     123
    45678910
    11121314151617
    18192021222324
    252627282930  
    APPLY
The source for this article is no longer available

3M opens new headquarters in Singapore

URA caveat – What it is & how to use it to research property transactions

The very flat, apartment or house you’re living in right now has a caveat lodged on it. In fact, if it hasn’t been fully paid for yet. The caveat is still there, lurking in the darkness. So what’s…

URA Master Plan – How to understand & use it for property investment

Before buying a new home, some people’s idea of property research simply consists of trawling through their property agent friend’s FB page for “good deals”. But for savvier Singaporeans, the URA Master Plan is a useful source of…

Should you buy a 99-year leasehold over a freehold condo?

Before we answer this question, some context is needed. In the property boom in Singapore over the past two years, the buyer appetite for the 99-year leasehold condo has been appreciably greater than that for a freehold condo.…

Koufu plans S$85m IPO in July

Homegrown food court operator Koufu has lodged a draft prospectus for a listing on SGX main board, with plans to start trading on July 18. The IPO could raise around S$85 million, and Koufu Group would have a…

Nature group seeks more information on impact of Cross Island Line site investigations

Hoping for more details on the outcome of drilling works in the Macritchie forest for the future Cross Island MRT line, a group of nature enthusiasts is inviting the public to submit questions for LTA. Nine parties –…

Second Chance to close more baju kurung stores to arrest profit slide

Second Chance says its apparel business continues to be affected by increasing trend of online sales as well as poor consumer spending. To prevent future losses, four more stores will be closed this year leaving only one First…

More accountability needed from transport-sharing operators and users

In light of oBike’s sudden exit from Singapore, maybe it is time to look seriously into the accountability and liability issues of new enterprises should they fail, before letting them into the market. With the unexpected announcement on…

3M opens new headquarters in Singapore

The source for this article is no longer available

Global science company 3M officially opened its new Singapore headquarters in Ang Mo Kio on Wed. The facility houses a S$1.3 million Customer Technical Centre (CTC) showcasing the American MNC’s technologies, including VR technology that simulates work-at-height training…

LTA instructs oBike to remove bicycles by next Wed

Bicycle-sharing firm oBike should work with its liquidator to remove its bicycles from public spaces by next Wed so that they “would not be cluttered with bicycles that cannot be hired”, LTA. The statement from LTA on Thurs…

How much does it cost to upgrade to a condo

So you’ve saved up for a long time, and now you’re finally ready to make the leap. Congratulations, but here’s how much you should expect to pay to upgrade to a condo. The maximum LTV ratio of a…

SPH REIT completed acquisition of The Rail Mall

SPH REIT has completed the acquisition of The Rail Mall from Pulau Properties for $63.238 million, according to an SGX filing on Thurs. The consideration is based on ET&Co’s “as-is” property valuation of $62.9 million. Moreover, the buyer…

Thinking of switching to an electricity retailer? Here is what you first need to know

Earlier this year, Jurong resident Jay Tan, 31, made the switch to an electricity retailer’s Discount Off Regulated Tariff plan which offers a fixed discount of 20% off the regulated tariff. Jay shared that “the decision to switch…

Moving forward on shared bikes

Dockless bike-sharing company oBike threw in the towel this week. Its departure from the Singapore market could mark the beginning of the end for an urban experiment that was controversial from the first pedal but which, at the…

Measures in place to ensure wildlife connectivity, safety in Mandai

We refer to the letter by Mr Edwin Pang (Build fences in Mandai area to save wildlife; June 20). Protecting biodiversity is a matter of priority for us. This is why we continually review the effectiveness of our…

Efforts by cyclists, authorities can help bike-sharing industry

Some changes should be made with the pulling out of shared-bike company oBike from the Singapore market. There is a need to work with some urgency so that the remaining bike-sharing companies do not suffer the same fate.…

Good riddance to oBike

It is indeed good news for not only the elderly but also for young pedestrians that bike-sharing company oBike is shutting down its operation in Singapore. Singaporeans will have one less bike-sharing company sharing the footpaths with them.…

LTA clarifies how it concluded that measures to protect wildlife from Cross Island Line tests were a success

LTA has elaborated on how it had earlier concluded that measures to reduce the negative impact of works for the Cross Island MRT line in the Central Catchment Nature Reserve (CCNR) have been successful. On Thurs, it gave…

Hotel sites among those offered in land sales scheme

For the first time in five years, the Government is offering sites for hotel rooms in its GLS programme for the second half of this year, amid a rosier tourism outlook for Singapore in the next few years.…

S-REITs’ yield spread should further tighten to 3%: DBS analyst

The cautious stance by some investors and sell-side analysts towards S-REITs could be shaped by the view that interest rates are rising and valuations are “expensive” against the sector average over the last five years. However, DBS Equity…

Analysts expect heated competition over sale of Kampong Java Road site

Singapore has launched several residential sites in the Confirmed List of its H2 2018 GLS programme. Analysts are mostly bullish on the interest the sites will garner. OrangeTee & Tie head of research & consultancy Christine Sun expects…

Four residential sites up for sale under GLS programme

4 residential sites are up for sale by URA and HDB under the H1 2018 GLS programme. With a total site area of 709,961.7 sqft and a 99-year lease period, they could yield about 1,920 units. Under the…

Singapore opens its third desalination plant in Tuas

Singapore on Thurs opened its third desalination plant, boosting the country’s desalination capacity from 100 to 130 million gallons a day (mgd). The Tuas Desalination Plant, which can produce 30 million gallons of drinking water a day, will…

Oil prices have gone up and it may affect your electricity bill

Oil prices have gone up. A lesser known impact, however, is its effect on electricity tariffs, which is expected to increase in the third quarter of the year and should be announced before the end of June. Much…

VivoCity to officially launch B1 retail extension on July 12

VivoCity, a Mapletree Commercial Trust (MCT) property, is set to officially launch the new retail extension of its Basement 1 (B1) area on 12 July after an operational soft opening period of nearly a month. The B1 extension…

Goodluck Garden en bloc sale goes to court

The owners of Goodluck Garden condominium will soon head to court to settle the fate of its collective sale after STB issued a stop order on Wed afternoon. Objections by seven minority owners were not withdrawn following what…

Hwa Hong buys two Jalan Besar commercial sites for $13.8 mil

Hwa Hong Corporation has bought two commercial freehold sites in Jalan Besar from City Developments Limited (CDL) for $13.8 million. The two sites measure an estimated 3,230 sqft, and are zoned for commercial use with a gross plot…

First 24-hour bubble tea store opens in Singapore

Fans of the ubiquitous drink now have a reason to travel to Changi Airport – where the first 24-hour bubble tea shop in Singapore is located. The T2 Departure Hall now houses leading Taiwanese bubble tea brand TP…

Use convenience to spark behavioural change for sustainability

Becoming a Smart Nation with a sustainable lifestyle starts with behavioural change. But, as experts and attendees at a conference yesterday noted, change is one of the hardest things to bring about. How do governments convince citizens to…

3M opens one of the largest solar farms in Singapore

One of Singapore’s largest solar farms, which can produce enough energy to power 500 four-room HDB flats, was officially opened on Wed. The 14,000 sqm farm lies on the roof of science firm 3M’s manufacturing plant in Tuas,…

TEE Land buys Teck Guan Ville for $60 mil

Tee Land says that it will be acquiring the freehold interest in a plot of land located at 338 to 364 Upper East Coast Road. Called Teck Guan Ville, the low-rise condominium with just 14 units. The purchase…

Sign In to Bookmark This Story

Sign In with Google