Daily Archives: August 14, 2018 (25 Articles Found)

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Is there room for capsule hotels in Singapore’s crowded hotel market?

Despite only opening its first hotel in Orchard Road last Oct, UK-based Yotel has been largely cited as a success story in Singapore’s nascent capsule hotel industry amidst plans to expand its foothold with another planned instalment in…

Wangz Hotel being sold for S$46m

Wangz Hotel, the distinctive barrel-shaped aluminium-clad building at the corner of Outram and Tiong Bahru roads, is being sold for S$46 million. This works out to S$1.12 million per room for the six-storey freehold boutique hotel, which opened…

Residents of Ubin critical in maintaining island’s heritage

We thank Ms Yu Kexin for expressing her appreciation of Pulau Ubin as a repository of history and heritage (Don’t let Ubin become an industrial or military island; Aug 2). The Singapore Heritage Society (SHS) has been working…

Outdated ideas on home ownership and land shortage are crippling us

With the recent cooling measures introduced for the private residential market, discussions around the decaying value of HDB flats aged over 40 years have quietened down for a while. While the Government has said this is an issue…

Power fault delays commute on EWL during peak hour

A train delay on the EWL on Tues was caused by a “power fault”, SMRT said. In a tweet at 7.08pm, the train operator advised commuters to expect 20 minutes’ additional travel time between Queenstown and Tuas Link.…

Singapore ‘well-positioned’ to realise Smart Nation vision: S Iswaran

Singapore is “well-positioned” to benefit from the global digital transformation if appropriate steps are taken to build capacity among both businesses and individuals, said MCI Minister S Iswaran on Tues. He elaborated that the key to this is…

Khaw Boon Wan, Azmin Ali agree to continue HSR discussions ‘in the coming weeks’: MOT

Transport Minister Khaw Boon Wan and Malaysia’s Economic Affairs Minister Mohamed Azmin Ali met in Singapore on Sat to discuss the KLr-Singapore HSR project, MOT confirmed on Tues. “The ministers discussed the HSR project and agreed to continue…

Developers cut prices after latest property curbs

In a bid to attract more buyers, some property developers are lowering the prices of their residential projects by about 5 to 10 per cent after the latest round of cooling measures took effect on July 6. Daintree…

RSAF aerial display possible cause of dislodged ceiling panels, lights at Marina Bay Cruise Centre: Experts

Air pressure and vibrations from the RSAF’s aerial display could possibly have caused false-ceiling panels and lights to dislodge at the nearby Marina Bay Cruise Centre Singapore at the weekend, experts said. After Sat’s incident, RSAF adjusted the…

Upcoming Tekka Place aims to add buzz to Little India

An upcoming integrated development in Serangoon Road had its name and branding unveiled yesterday. Tekka Place, jointly developed by Lum Chang Holdings and a fund managed by LaSalle Investment Management Asia, will have an emphasis on the arts…

Construction looks to turn corner with slower 4.6% Q2 decline

The tide may be turning for the ailing construction sector, which has been a persistent drag on growth, a government economist has said. Construction shrank by 4.6 per cent year on year in the second quarter, with the…

AVA’s new animal shelter continues to get slammed for ‘concentration camp’-like facilities

Last year, AVA announced the launch of a development called The Animal Lodge — a government-built facility for animal welfare groups to use. The two-story animal shelter at 59 Sungei Tengah Road houses 112 units and is expected…

The Gym Pod is SG’s first 24-hour private, pay-per-use automated container gym

A quick sweat sesh after leaving the office? Sure, gotta work off that big lunch anyway. A private fitness spot? Well, yeah, it would be nice to exercise without feeling self-conscious about that muffin top stuffed awkwardly into…

Singapore home prices won’t pop without more migrants

If Sherman Kwek sounds annoyed, he has his reasons — 2.9 million sqft worth of reasons. That figure, equating to 270,000 sqm, is the total saleable area of apartments almost ready to hit the market on the books…

18 retailers caught breaching rules on PMDs and powered bicycles

LTA seized 18 PMDs and two power-assisted bicycles during an islandwide sting operation between July 17 and Aug 2. These were taken from 18 retailers in an enforcement blitz conducted along with TP against errant businesses which sell…

Sufficient capacity to meet demand in aged care, says MOH in response to Lien Foundation report

Services for aged care in Singapore have been built up over the years, and there is now “sufficient capacity to meet demand”, said MOH on Tues. In response to a Lien Foundation report which said the Government has…

Mahathir says water sold to Singapore should cost 10 times more

Malaysian PM Mahathir Mohamad said on Mon the price of untreated water that Malaysia supplies to Singapore should be more than 10 times higher than it is now, reigniting a decades-old dispute between the two neighbors. Mahathir’s demand…

Cost a concern for seniors who want to ‘age in place’: Lien Foundation-NUS study

More seniors are “ageing in place” with home and centre-based care services overtaking nursing homes as the main form of long-term care for elderly Singaporeans, according to a new study. In 2017, 14,000 people received subsidised home and…

Hong Kong reclaims lead over Singapore in global liveability rankings as ‘social unrest drops’ four years after Occupy

Hong Kong has reclaimed its lead over Singapore in liveability rankings, climbing 10 places in an annual global survey which attributed the score to lower levels of social unrest four years after the pro-democracy Occupy movement rocked the…

Commercial property sales ballooned 216.8% to $1.4b in Q2

This chart from Colliers Intl Singapore Research showed that the commercial sector turned around in Q2 with investment sales rising to 216.8% to $1.4b from a slump in Q1. However, it also revealed that commercial investment sales volume…

Industrial property sales skyrocketed 295.1% to $794.4m in Q2

Industrial property sales jumped 295.1% YoY to $794.4m in Q2 amidst strong private investment sales which accounted for 95.7% of total industrial property sales volumes, Colliers Intl revealed. According to Colliers Intl head of research for Singapore Tricia…

Home sales surged 60.7% to $8.2b in Q2

Residential home sales ballooned 60.7% YoY to $8.2b in Q2, pushed by en bloc sales which made up nearly half of investment sales volume in Q2, Colliers Intl revealed. The strong Q2 sales performance made H1 2018 hit…

Proptech startup Urbanzoom opens API access to auto-valuation tool

Singapore proptech startup Urban Zoom has opened API access to its proprietary auto valuation tool, Zoom Value, to enable businesses to tap onto the platform’s AI insights. Zoom Value leverages on AI to predict HDB and condominium valuations…

Owner of koi fish tank asks for permission to keep it outside

The owner of a koi fish tank built on the multi-step entrance of a HDB flat in Tampines was unaware that a permit was required for its installation. The Tampines Town Council, in a statement to ST on…

SMRT to put 12 new trains into service by early 2019

SMRT Corp’s new CEO Neo Kian Hong said six new MRT trains will be put into service next month, with six more due to join them by early next year. Mr Neo said the 12 new trains “will…

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