Daily Archives: July 24, 2018 (18 Articles Found)

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Conservative land banking, supportive valuation keep Wing Tai at ‘buy’

While the recent cooling measures should further slow down project sales for Wing Tai, the property group has been prudent, winning only a single land parcel in the current cycle. In the current en bloc cycle, Wing Tai,…

Party’s over for Singapore’s residential real estate sector

RHB is downgrading its sector “overweight” on Singapore real estate to “neutral” on expectations of transaction volumes for 2018 to fall by 10% from the 10-15% rise previously, and for prices to stay flattish over 2H18-2019. In a…

LTV limit: a quick guide for property buyers

To protect homebuyers from over-borrowing, the Singapore government has set a LTV limit for bank housing loans. In a nutshell, the LTV limit defines the maximum home loan amount a bank can grant you as a percentage of…

No proper safeguards for pedestrians in pursuit of ‘last-mile connectivity’

As a senior citizen, I read with trepidation and sadness what happened to the 54-year-old housewife who suffered severe injuries after being hit by an e-scooter. She is an innocent victim suffering because of the pursuit of first-…

Set minimum age, compulsory safety course for e-scooter users

I read the report on the e-scooter rider who hurt and caused pain to an innocent housewife and extreme agony for her family. E-scooters have been in the news many times when riders injure pedestrians, but near-misses —…

Firefighters put out warehouse fire near Joo Koon MRT station

Firefighters put out a fire at a warehouse in Joo Koon on Tues morning. Smoke was rising from the upper level of the warehouse when SCDF responded to the fire at 60 Benoi Road, near Joo Koon MRT…

Peace Mansion owners should not rush into en bloc sale just because some of its tenants are KTV girls

An ST article titled, ‘No peace at Peace Mansion, say residents, as KTV girls working nearby move into complex’ dated July 22, said that some owners of the mixed development were unhappy that they were being jolted awake…

Gamification – a game changer in improving workplace safety

MOM announced recently that they are going to step up enforcement efforts at worksites following several work site fatalities this year. This brings to focus the increasing importance of health and safety standards, not just at worksites but…

Benefits and risks of Smart Nation projects in pipeline

The authorities said, when announcing the SingHealth cyber attack last Fri, that they would pause all new Smart Nation initiatives while they undertake a thorough review of the safeguards embedded in each system. Cyber-security experts interviewed said each…

Tiong Bahru rezoning to allow 28 residential ground floor units to operate as businesses

A rezoning exercise in the Tiong Bahru estate has sealed the commercial approval status for 28 ground floor properties – including Por Kee Eating House and Nimble Knead Massage – which had previously been classified as residential units.…

Tender deadline for Horizon Towers pushed to 12 Sept

The tender closing date for the en bloc sale of Horizon Towers has been extended from 7 Aug 2018 to 12 Sept 2018, JLL revealed. Horizon Towers has been launched for sale on 5 July 2018, which is…

DBS rolls out online property marketplace

DBS launched its Property Marketplace through partnerships with online property listing platforms EdgeProp and Averspace, an announcement revealed. It will soon include listing from SoReal as well. Aside from eyeing to offer 100,000 property listings from both agents…

Seeding interest in green estates

Last Wed, HDB announced that new housing estates will become greener. Trees and gardens are already aplenty in estates, so how will the changes be different? Under an updated Biophilic Town Framework, the planning stage of future estates…

Businesses, home owners can access solar energy directly from power grid under JTC programme

Businesses and some home owners can now directly access solar energy from the national grid for the first time, under a new programme. Under the programme, dubbed SolarRoof, power is harnessed from solar panels on the rooftops of…

5.6 million passengers passed through Changi Airport in June; on-year increase of 6.9%

Changi Airport handled 5.57 million passenger movements in June 2018, a 6.9 per cent year-on-year increase, CAG said on Tues. In terms of landings and takeoffs, there were 31,870 aircraft movements in June, 3.1 per cent higher than…

Smart Nation agenda needs rethink on cybersecurity

Singapore’s Smart Nation push is yielding results. Identified as one of the most technologically ready economies in a recent EIU study, Singapore also ranked relatively high in cybersecurity preparedness, one of the key aspects of a strong digital…

Tech-friendly Singapore ‘a good city for urban trials’

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Singapore’s tech-friendly climate has made it attractive for urban trials, said Katsumi Emura, CTO of Japan’s NEC Corp. But he also cautioned that technical developments cannot replace value creation, as solutions must take into account the needs of…

CDL may cut unit prices by 5-10%: RHB

City Developments Limited (CDL) is expected to be negatively affected by the government’s latest property cooling measures given its market position, according to RHB Invest analyst Vijay Natarajan. For instance, the Singapore-listed property developer has among the biggest…

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