Daily Archives: July 19, 2018 (27 Articles Found)

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July rush to buy Singapore property may boost mortgages, DBS says

DBS said the recent race to buy property ahead of the government’s latest price cooling measures may give a temporary boost to its mortgage business, but in the longer term the market is likely to slow down. The…

Appeal court finds SIA Engg liable to pay $176k to cafe over airport accident

The Court of Appeal has found SIA Engg liable to pay $176,000 for damage it caused to a food kiosk when an air-tug driven by one of its employees collided with a pillar and caused a floor to…

29 units at Serangoon Road up for collective sale at $133.656 mil

A collection that includes seven freehold shophouses, 15 terrace houses, four walk-up apartments and three plots of state land at the intersection of St George’s Road and Serangoon Road has been launched for sale at a reserve price…

Wheelock deal spurs Singapore property stocks buyout speculation

There may be a silver lining for investors in Singapore property stocks after recent government curbs fueled a selloff in the sector. A S$598 million take-private offer for Wheelock Properties (Singapore), which sent the stock to its highest…

5 stunning condo sports facilities that bring out your inner champion

If you’re a fitness junkie who simply cannot go a day without exercise, you’ll love these five condos that clearly pride themselves on keeping their residents fit and healthy. We’re not just talking about the usual bells and…

How does a neighbourhood shopping mall die?

To be honest, the days of a shopping mall as an amenity are beginning to fade. More Singaporeans shop online every year, and the tenant mix at neighbourhood malls is also revealing. In the not too distant past,…

Dead and dying birds in void deck alarm residents of Bukit Batok block

Residents of Blk 390, Bukit Batok West Ave 5 have raised concerns after some 15 birds were found either dead or dying at their void deck on Thurs. Residents told ST the birds that were still alive were…

Python removed from traffic junction near Waterway Point in Punggol

A python was spotted and removed from a traffic junction between Waterway Point and Punggol Bus Interchange on Tues afternoon. A picture sent to Stomp showed a python on the floor, beside a guide path. Acres said the…

Malaysia must make clear its plan for KL-S’pore HSR, further delay could hurt both sides: Analysts

Postponing the KL-Singapore HSR project will not only rack up huge costs for both sides the longer it drags out, but it will also delay the intended economic benefits, such as the development of regional areas in Malaysia,…

Four Tessensohn Road shophouses up for sale at $25m

A row of four contiguous freehold conservation shophouses at No. 15, 17, 19 and 21 Tessensohn Road has been launched for sale at a minimum reserve price of $25m, C&W said. The property can be partially developed into…

Partnerships essential to Singapore’s sustainable development: Masagos

Singapore’s progress in areas of sustainable development is testament to the “strong collaborative partnerships” between the Government, industries and its people, MEWR Minister Masagos Zulkifli said on Thurs. He presented Singapore’s voluntary national review at the HLPF for…

Malaysia should not scrap HSR project with Singapore: Johor crown prince

Malaysia should not withdraw from the Singapore-KL HSR project, Johor crown prince Tunku Ismail Sultan Ibrahim told CNA on Thurs. “I think it’s a very, very positive project that we should continue because it will not only help…

Johor crown prince claims ‘sovereignty’ over water in the state, prefers ‘no federal interference’ on the issue

The crown prince of Johor, Tunku Ismail Sultan Ibrahim, has said that water in the state belongs to the state government, and he prefers that the federal government not interfere on the issue, as it relates to the…

Man who sublet condominium units to prostitutes for use as brothels pleads guilty

A man who sublet three condominium units to prostitutes for use as brothels admitted to his offences on Thurs. Goh Wee Ming Benson, 37, pleaded guilty in the State Courts to two charges of living off the earning…

New book on Singapore’s national monuments launched

Offering a glimpse into the history and heritage of Singapore – from places of worship to schools, museums and commercial buildings – a book dedicated to Singapore’s national monuments was launched at the Istana on Thurs. The 288-page…

Evidence-based reassurance needed on asbestos matter

I find it unacceptable the dismissive way the SMRT spokesman brushed off the earlier asbestos statement that it had put out to the public. SMRT had said that it was “a human error” by one of their staff…

Resale levy ensures fair subsidy allocation

We thank Mr Lee Yong Se for his letter (Relook resale levy for more equitable housing policy; July 8). The Government is committed to helping Singaporean families own their first home and provides generous housing subsidies for first-timers…

Twin sisters found guilty of assaulting Simei Green condominium manager

The twin sisters who were filmed assaulting and spitting on a condominium manager were found guilty of their offences after a protracted trial lasting 21 days over two years. Chinese nationals Tang Bei and Tang Lei, both 50,…

Can city fringe shophouses be safe havens in a shaken property market?

The implementation of new cooling measures on residential properties in Singapore could divert some investor attention to other property types. Some analysts have mentioned how shophouses are one of the most attractive properties to invest in given that…

Malaysia to negotiate deferment of HSR with Singapore: Mahathir

Malaysia PM Mahathir Mohamad said his government will look to negotiate with Singapore the deferment of the HSR project. Dr Mahathir said previously he would cancel the rail link between KL and Singapore, and would discuss with Singapore…

CapitaLand bags 4 awards, DBS strikes ‘royal flush’ at Singapore Corporate Awards

Mainboard-listed CapitaLand was one of the biggest winners at the 13th annual Singapore Corporate Awards (SCA) on Wed, alongside DBS, which was conferred the Special Recognition Award for its “all-round excellence in corporate governance”. Leading the way among…

Toll Group’s $228 mil hub is latest addition to Singapore’s logistics space

Toll Group officially launched its 100,000 sqm logistics hub in Tuas on Wed, complete with drones and autonomous vehicles zipping around the facility. Only 3 km away from the Tuas Port which will be completed by 2019, the…

ComfortDelGro’s new fully electric taxis go on trial in Singapore

Two fully electric taxis with fast-charging capabilities have gone on trial in Singapore, ComfortDelGro Taxi announced on Thurs. The two Hyundai Ioniq taxis are fully electric, unlike the existing petrol-electric hybrid taxis by ComfortDelGro Taxi, and can be…

Wheelock unit offers to take Wheelock Properties (Singapore) private

Star Attraction, a wholly owned indirect subsidiary of Wheelock and Company, has launched a voluntary unconditional general offer to take mainboard-listed Wheelock Properties (Singapore) Limited private. Star Attraction, which currently owns 76.21 percent of Wheelock Properties, has presented…

Kentish Green up for en bloc sale for $230mil

Kentish Green, a 122-unit condominium in Oxford Road, has been put up for collective sale with a reserve price of $230 million. Given the price, the owners stand to gain $1.736 million to $2.086 million from the successful…

Malaysian minister says HSR’s S$37b price tag includes hidden costs

Malaysia’s Economic Affairs Minister Mohamed Azmin Ali said yesterday that his government’s estimated RM110 billion (S$37 billion) price tag for the KL-Singapore HSR project included hidden costs. “There were hidden costs that the previous government did not disclose…

oBikes still being cleared as deadline nears

Bike-sharing firm oBike’s bicycles continue to be cleared from the streets here, two weeks away from the deadline. Ang Mo Kio Town Council chairman Ang Hin Kee said more than 60 per cent of the oBikes in his…

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