Daily Archives: August 1, 2018 (26 Articles Found)

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Frasers Property malls host raft of store openings

Frasers Property malls have announced a number of new openings launching in July and Aug. New stores at Bedok Point include casual dining Taiwanese restaurant Xiang Xiang Traditional Taiwanese Cuisine. Causeway Point is serving up classic stir-fried rice…

Considering to have properties in your child’s name? Think twice!

Before you put your HDB flat or condo under your child’s name, there are some important considerations for your home ownership. Your children will become property owners, once the house is under their name. This means that, unless…

What you need to know about good class bungalows

On Tues, a rare freehold good class bungalow (GCB) near the Botanic Gardens went on sale. The bungalow is predicted to fetch over $100 million. But what exactly makes a GCB, well, good? Here are some facts you…

Residential-commercial project being built in Mohamed Sultan Road put up for sale for $30m

A development under construction at 21/23 Mohamed Sultan Road, consisting of an eight-storey residential block and adjoining commercial building, has been put up for sale by tender by its owner, a privately held investment holding company. The indicative…

Logistics specialist LOGOS buys industrial site for redevelopment

Global logistics real estate specialist LOGOS has entered into a conditional sale and purchase agreement to acquire the Tien Wah Press building at 4 Pandan Crescent, announced CBRE which brokered the sale. The acquisition is subject to JTC’s…

Roxy-Pacific plans to launch five more developments this year

Roxy-Pacific plans to launch five more developments in Singapore by the end of 2018, out of eight development sites in its pipeline. The developer will time the upcoming launches “appropriately”, and will continue to take “a prudent stance”…

Reserve price for Windy Heights may fall $56 mil

The owners of Windy Heights in Kembangan have launched a second collective sale attempt for the freehold condominium, says Knight Frank. The development has the same reserve price of $806.2 million which it set during its first collective…

Boustead to develop Amcor’s new production and warehouse facility in Singapore

Boustead Development Partnership (BDP) has secured a development contract for a new integrated production and warehouse facility, to be leased on a long-term basis to Amcor Flexibles Singapore, mainboard-listed Boustead Projects announced on Wed. The new Amcor facility…

Tiong Bahru: Estate where old folk and hipsters rub shoulders

Over the last 40 years, Mrs Polly Chong has watched her ground-floor neighbours move out and several shops take over their place. The 72-year-old retiree lives with her husband in a 120 sqm pre-war apartment in Eng Hoon…

Allocate children to nearest school

Every year during the primary school registration process, the same debate on school branding and admission priority pops up. In countries like Germany, children go to the school nearest their home. Perhaps MOE should do the same here…

KL-Singapore high-speed rail: How profitable can it be?

The KL-Singapore HSR project is under review following the election of a new government in Putrajaya led by Malaysian PM Mahathir Mohamad. Whatever the outcome, there is one issue that needs to be looked at more closely: profitability.…

Farewell to Raffles Country Club, as SLA acquires land amid uncertainty over HSR project

Despite lingering uncertainty over KL–Singapore HSR project, the Government on Wed proceeded with its acquisition of the land that Raffles Country Club (RCC) sits on. In Jan 2017, the Government announced that RCC would be the second club…

JTC unveils site under IGLS programme

JTC has launched a site in Woodlands Industrial Park for tender under the IGLS programme. The site is the first of six confirmed list sites for the second half 2018 IGLS programme and is part of the government’s…

Singapore’s HSR deadline ‘a suggestion’, meet will be in Aug, Azmin says

The deadline given by Singapore to discuss the HSR project was just a “suggestion”, Economic Affairs Minister Datuk Seri Mohamed Azmin Ali clarified today. Singapore’s deadline for Malaysia to hold a discussion on HSR expires tonight, but Azmin…

Some 35,000 oBikes have been removed, tracking of the remaining bicycles ‘challenging’: LTA

About 70 per cent, or some 35,000 out of an estimated fleet of 40,000 to 50,000 oBike bicycles, have been removed from public spaces following the bicycle sharing operator’s abrupt announcement that it was ending its operations here.…

Is the worst over for embattled Singapore retail REITs?

The looming supply of new retail space to be installed in the next four years in Eastern Singapore is expected to pose a larger threat to the performance of the city’s struggling S-REITS than the spectre of online…

Shop ‘til it drops: Half of Singaporeans are ready for drone deliveries

About half of consumers in Singapore said that they are comfortable with drone delivery, a study by payments provider Worldpay revealed. The country’s consumer confidence with the service is second to China (70%) in terms of global sentiments.…

Governance of trusts: sunny, with a chance of isolated showers

Last year, we launched the Governance Index for Trusts (GIFT), the first-ever published governance index in Singapore that is specifically developed for listed Reits and business trusts (BTs) in Singapore. GIFT assesses both governance and business risk factors.…

Property sector sentiment down, but underlying demand still exists

The real estate industry’s business sentiment plunged after the latest round of property cooling measures, but the outlook of the services sector continued to hold firm even as manufacturing optimism waned. These findings came from separate quarterly reports…

Google invests US$350m more in Singapore data centre operations, unveils plans for 3rd facility

Google announced on Wed it will be building a third data centre in Singapore as more consumers and businesses are coming online, and more of these are demanding cloud services. The company said in a blog post that…

REITs and business trusts pump up disclosure practices

REITs and business trusts (BTs) stepped up their disclosure and governance practices to move up the rankings of the Government Index for Trusts (GIFT) 2018. The study found improvements across all areas, except for internal and external audit…

Campaign asks Singaporeans to limit plastic bag habit to two a day

Non-proft group SEC is launching a public education campaign that calls on Singaporeans to use one less plastic item a day to reduce the city-state’s mounting plastic waste problem. The campaign, which carries the slogan ‘Don’t waste, reduce…

URA nod for 4,107 units at Tampines Court, Normanton Park

The source for this article is no longer available

URA granted provisional permission for several residential projects in the second quarter of the year. These include two large projects with well over 1,000 units each on sites sold through collective sales. Sim Lian won URA’s provisional nod…

MND encourages more tech for urban solutions

Companies can soon take part in a crowd-sourcing programme to test new ideas and improve HDB estates. This is one of two new ways MND is encouraging more technology for the built environment sector, said its minister, Mr…

Lim Kim San’s bungalow up for sale, could sell for more than $100m

A rare freehold good class bungalow (GCB) near the Botanic Gardens that was owned by one of Singapore’s founding fathers hit the market yesterday with expectations that it could sell for more than $100 million. The two-storey bungalow,…

Should investors look beyond residential real estate in light of the cooling measures?

The latest round of cooling measures caught many homebuyers by surprise. Although the move did not affect the majority of prospective homeowners, it has prompted some buyers to widen their investment horizons. Senior Associate Director of OrangeTee Hansen…

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