Daily Archives: July 5, 2018 (26 Articles Found)

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Panic buying at showflats after new cooling measures

Crowds of potential buyers flooded showflats across Singapore shortly after new cooling measures were announced on Thurs, in the hope of avoiding a hike in stamp duty or tighter loan limits. Several showflats extended their opening hours until…

Singapore developer stocks fall after surprise property curbs

Singapore property and bank stocks led declines on the benchmark stock index on Fri after the government unexpectedly tightened property curbs to cool a market the central bank described as euphoric. City Developments and UOL Group fell more…

Another major business closes shop at quiet Kallang Wave Mall

One of the biggest tenants at Kallang Wave Mall, NTUC Foodfare food court, has packed up, raising questions over how businesses are faring in the shopping centre beside the Sports Hub. This comes after other major tenants such…

Landscaping firm and director charged for accident in which worker was severely burnt

A landscaping company and two of its officers have been hauled to court for a 2016 workplace accident, in which a foreign worker was severely burnt after he was allegedly pressured to clean an underground water tank that…

High end properties in Singapore continue to be strong draw for Malaysians

Despite the weakness of their currency, well-heeled Malaysians are continuing to show keen interest in high end properties in Singapore. GuocoLand (Singapore) Group MD, Cheng Hsing Yao, said the strong interest shown in his company’s two iconic projects,…

Has Clementi become prime real estate in Singapore?

Before we point out why Clementi deserves prime real estate credentials, we’ll reiterate two attributes that make any housing estate in Singapore worth a second look: location and amenities. And over the past decade, the plus points for…

Commercial Hong Kong St shophouse up for sale at $18m

A part-four part-six storey commercial shophouse, 19 Hongkong St, has been put up for sale at $18m or a land rate of $2,300 psf, JLL said. The property is within the Hong Kong Street area, a rising F&B…

Johor Chief Minister suggests raising price of water sold to S’pore as much as 16-fold: Report

The Johor government said on Thurs that the time has come to raise the price of raw water it sells to Singapore, adding that it may ask for a price hike of up to 1,600 per cent that…

1,000 out of 14,000 oBikes cleared out by firm: LTA

LTA said on Thurs that 1,000 bicycles out of oBike’s fleet of 14,000 have been removed from public spaces after the initial deadline lapsed a day ago. However, it will not step in to clear the bicycles from…

Singapore steps up property cooling measures as prices jump

Singapore tightened property market curbs after home prices posted a second straight quarter of strong gains, with the government saying it wants to avoid the risk of a sharp correction which could be destabilizing. The government increased stamp…

Teens perform parkour stunts on roof of 40-storey Clementi block, Town Council files police report

A police report has been filed after a group of teens posted a video of themselves performing parkour stunts on the roof of a 40-storey HDB block in Clementi. The 2½-minute video, which was posted on social media…

Singapore tightens residential property rules amid surging prices

The Singapore government has unveiled tougher rules for the purchase of residential properties including higher ABSD and tightening of LTV limits in a bid to cool the market amid surging prices. The ABSD for Singaporeans and PRs who…

Impose more stringent rules on roadworks

LTA states on its website that it checks and maintains public roads and road facilities regularly to keep them safe for motorists, commuters and pedestrians. Over the past few years, however, I have come across many instances where…

National Museum to launch Quiet Room dedicated to special needs children

As part of efforts to make cultural and heritage spaces more inclusive for those with additional needs, the National Museum of Singapore (NMS) will be introducing a Quiet Room as a retreat for special needs children. Designed to…

Cutting-edge membranes may be the future of waste water management

A local start-up has created membranes which it claims can filter waste water five times faster than traditionally used polymer and ceramic membranes. With the launch of its 3D-printing plant on Thurs, the first of its kind in…

Jay Chou-endorsed ‘Asian sandwich’ chain to launch in Singapore on 7 July

Snack chain Liang Sandwich Bar – endorsed by Mandopop star Jay Chou – will be opening its first store in Singapore on Sat in basement two of Vivocity mall. The fast food brand from China, which is also…

oBike appoints liquidators; firm to work with LTA to collect bicycles

Bike-sharing operator oBike has appointed liquidators who will work with LTA on retrieving the company’s bicycles. Mr Joshua James Taylor and Mr Yit Chee Wah of FTI Consulting have been appointed as oBike’s provisional liquidators, the business advisory…

Property cooling measures ‘can’t be discounted’: DBS CEO

The possibility of the Government introducing tightening measures to cool the property market “cannot be discounted”, said DBS CEO Piyush Gupta who noted that certain government agencies are “getting nervous” about the situation. Speaking on Thurs at a…

The Future of Work: No more bad drivers? Making self-driving cars smarter than humans

Seated in a moving vehicle where he is not touching the steering wheel is Mr Karan Shetti. The senior software engineer with nuTonomy is trying to programme, through AI systems, a self-driving car so that it not just…

BooksActually is looking to raise funds for a permanent home – and it aims to do so by selling S$50 bricks

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BooksActually, an independent bookstore situated in Tiong Bahru that specialises in all things literary, wants to be around for good and is looking to raise funds to do just that. The store announced last month that although it…

PG appoints Joe Dische as CFO to support high-growth momentum

PropertyGuru Group announced on Wedthat it has appointed Joe Dische as CFO. Dische brings with him over two decades of financial experience from private and publicly-listed multinational firms. Before joining PG, he was iCar Asia’s CFO since 2014,…

Should Singapore’s housing market anticipate more cooling measures?

Private home prices have jumped 9.1% since the trough in Q2 2017, helping offset the cumulative price decline of 11.6% during the four-year period between mid-2013 and mid-2017. The number of property transactions over the last 12 months…

HDB resale prices down 0.3% in June

The prices of HDB resales dipped 0.3% in June compared to that in May, SRX Property revealed. Prices dropped 1.9% YoY. Flash data revealed that the resale prices of HDB 3 Rooms increased by 0.4%, whilst both HDB…

Private home prices up 9.1%

Private home prices grew 9.1% following the deep in Q2 2017 whilst property transactions rose 25% YoY, MAS MD Ravi Menon revealed. Following this, housing loans over the last twelve months climbed 34% YoY. “If property prices rise…

12 Paya Lebar Square units up for sale

Twelve adjoining premium office units at the 8th floor Paya Lebar Square have been put up for sale via public tender, CBRE announced. The units have a combined floor area of approximately 8,503 sqft and are located next…

oBike’s boss says work to remove bicycles has begun

Work to remove oBike’s bicycles from public places has already started, according to the chairman of the beleaguered bike-sharing firm. Mr Shi Yi, oBike’s founding investor and chairman, said several companies have already been appointed to clear the…

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