Daily Archives: July 27, 2018 (26 Articles Found)

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HDB resale price index in 2Q2018 up 0.1% q-o-q: Are we at a turning point?

In 2Q2018, HDB resale price index showed a 0.1% q-o-q increase, which was a marginal improvement from 1Q2018, which saw a 0.8% decline q-o-q. “The increase in the price index is so minimal that further observation in the…

Disabled community, retailers concerned about future restrictions on mobility aids

The disabled community has expressed concerns that restrictions being considered for PMAs could be onerous and cause inconvenience to handicapped and elderly users. Retailers and an organisation have urged the Active Mobility Advisory Panel to consider the genuine…

NTU researchers’ discovery makes key component of AVs 200 times cheaper

Researchers from NTU have made a breakthrough in the field of LiDAR, which could see the key component of autonomous vehicles (AVs) becoming 200 times cheaper – and the size of a fingertip. Driverless cars use LiDAR sensors…

‘What makes SG’: These winning photos from National Geographic collab show the stunning side of Singapore

Now that National Day is nearly upon us, we can all expect the annual bombardment of government-approved jingles that you may or may not secretly listen to on repeat, locally-inspired nosh, and red and white on things that…

Singapore’s real estate market remains fundamentally sound even as US-China trade tension looms

Office rents rose by 1.6% in Q2, slower than the increase of 2.6% in Q1. The slowdown was attributed to Grade B rental growth lagging behind that of the Grade A segment, as companies continued to show their…

10 cheapest parking spots in Singapore

Although we’re nowhere near the sky-high rates of Hong Kong’s exorbitant parking, finding a place to legally park your car while you go about your business can still be an expensive exercise. Thankfully, there are cheap places to…

A move that has been a long time coming: Wildlife experts welcome formation of revamped NParks

Having a single agency, NParks take the lead in addressing wildlife-related concerns is a step in the right direction, local experts said, adding that the move has been a long time coming. Local wildlife experts told CNA that…

55 MND scholarships awarded this year

Three years ago, 19-year-old, a former NUS High School of Mathematics and Science student, Dayna Cheah went on an intertidal field trip to Pulau Hantu to observe the coral and other marine life in the area. She was…

These are the 5 most in-demand HDB towns of Q2 2018

Hot on the heels of our 2Q 2018 Quarterly Property Report, we’re bringing you the top five HDB towns with the most resale transactions in that quarter. Read on to find out which are the most popular HDB…

Changi Airport adds nine local F&B concepts

Changi Airport has added nine new local F&B operators, to make 140 dining options in all. Five of the brands are appearing in Changi for the first time, and one of the additions – the Pezzo Group –…

Puma Kids makes Southeast Asian debut in Singapore

Sports lifestyle brand Puma has opened its first standalone Puma Kids store in SEA at Singapore’s United Square shopping mall. The 500 sqft store will offer a selection of apparel, footwear and accessories for kids, making the brand’s…

Bring back our ‘fine’ city

I couldn’t agree more with Mr Peh Chwee Hoe (People will benefit only if laws are rigorously enforced; July 25). Be it PMDs or bicycles, seldom do we see riders following rules. Similarly, people continue to ignore laws…

Firms recognised for green efforts

Property giant City Developments (CDL) has long championed sustainability in its business, as has consumer titan Unilever, which set out a vision where growth does not have to come with a larger environmental footprint. For their efforts, both…

Bringing all animal-related functions under NParks welcomed by groups

Animal and green groups generally welcomed the transfer of animal-related functions under AVA to NParks, saying it can lead to greater efficiency and more effective policies. The move will combine NParks’ expertise in wildlife conservation and horticultural science,…

Cat-and-mouse game with rats goes high-tech

With rats getting smarter, pest control firms are having to get even smarter to outwit them. Pestech Holding, a home-grown company, is turning to technology to outwit the furry pests by improving surveillance and entrapment techniques in areas…

More shopping malls seek help to fix rodent problem

More shopping malls are approaching pest control companies for help in managing their rat problem. While the number of rats in malls is not thought to be increasing, pest control firms said there is greater awareness of how…

Business park rents up for 5th straight quarter

Business park rents have risen 0.5 per cent, the fifth straight quarter of growth and the strongest showing among the various types of spaces here, JTC said in its second-quarter industrial property report issued yesterday. These would likely…

Construction in for long winter as cooling measures dash hopes

Just when a silver lining appears to be on the horizon for Singapore’s construction industry, the latest round of property cooling measures has put paid to the sector’s recovery. Earlier in the year, builders – many of them…

Retail space prices dropped by 1.3% in Q2

Retail properties continued to face challenges in Q2 as prices dipped by 1.3% compared to the 0.1% increase in Q1, URA revealed. Rentals also suffered from weakness and fell by 1.1% compared to the increase of 0.1% in…

Office space prices inched up by 1.9% in Q2

Prices of office space grew by 1.9% in the second quarter of 2018, higher compared to the 1.3% increase in Q1, URA revealed. Meanwhile, rentals of office space inched up by 1.6%, softer compared to the 2.6% increase…

HDB resale prices inched up by 0.1% in Q2

Singapore’s resale price index (RPI) for HDB flats in the second quarter of 2018 inched up by 0.1% to 131.7 from 131.6 in Q2. Flash data revealed that resale transactions rose by 33.3%, from 4,458 cases in Q1…

Private home prices up by 3.4% in Q2

The prices of private homes jumped 3.4% in Q2 compared with the 3.9% increase in Q1, URA revealed. According to flash data, the prices of landed properties grew by 4.1% whilst those of private condos grew by 3.2%.…

Were the government’s cooling measures premature?

As the property market still reels from surprise cooling measures announced by the government early July, industry players are putting into question the move’s supposed benefits, viability and timing as companies and developers bear the brunt of the…

Epic Land to divest 7 strata office units in Prudential Tower

Epic Land, a consortium that counts Lian Beng Group, KSH and KOP as owners, has executed a sale and purchase agreement (SPA) to dispose of six of its wholly-owned subsidiaries that hold seven strata office units in Prudential…

TEE Land backs out of en bloc purchase of Teck Guan Ville

Singapore-listed TEE Land announced on Jul 26 that it has decided not to exercise its OTP Teck Guan Ville at 338 to 364 Upper East Coast. TEE Land said that its decision to abort the deal was made…

Industrial rents, prices stabilise in 2Q2018

In 2Q2018, the occupancy rate of overall industrial property market fell by 0.3 percentage points compared to the previous quarter, according to JTC. Compared to a year ago, occupancy rate of overall industrial property market was unchanged. Prices…

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