Daily Archives: September 5, 2018 (22 Articles Found)
HDB flat sizes unchanged since 1997
We refer to the letter from Mr Andrew Seow Chwee Guan, (Size of HDB flats not addressed, Aug 22), in which he states that HDB flats “appear to be getting more expensive and small HDB flats are becoming…
Singapore prime office rents up 6.1% in Q2
Singapore recorded the eighth highest annual growth in Grade A office rents during Q2 2018 among 19 regional cities tracked by Knight Frank. Monthly office rents in Raffles Place and Marina Bay rose by 6.1 percent year-on-year to…
Retail’s saving grace: Singapore malls embrace activity-based tenants
With e-commerce sales in Singapore expected to hit $10b by 2020, embattled mall operators are fighting back by increasingly making room for service and lifestyle tenants whose shopping experiences cannot be simply replicated from within a screen. In…
Healthcare spending is shifting from hospital-building to maintenance
Globally hailed as one of the most efficient healthcare systems in the world, Singapore’s healthcare sector is rapidly maturing on the back of steady and proactive investments to address the city state’s medical infrastructure gaps, giving it room…
Over 100 S’pore employees to be redeployed after suspension of HSR project
Following the two-year suspension of the KL-Singapore HSR project, more than 100 employees of an infrastructure company set up by LTA for the project will be redeployed temporarily within the government agency. The firm, SG HSR, was established…
KL-S’pore HSR postponed: A boost for bilateral ties, but not all is ‘win-win’
Experts and observers who spoke to TODAY unanimously agreed that the pact to defer the KL-Singapore HSR project was a good outcome for bilateral relations, but they were divided on whether the postponement was a “win-win” for both…
Costa Coffee exits S’pore, as tide turns in favour of indie coffee shops
Over the last three-and-a-half months, British coffee chain Costa Coffee has closed six outlets in Singapore, with its two remaining branches at Holland Village and VivoCity mall bowing out in the next fortnight. Japanese chain St Marc Cafe…
Two adjoining shophouses on Amoy St going for $50 mil
A pair of adjoining four-storey conservation shophouses – 87 and 88 Amoy St – has been launched for sale by public tender, at a guide price of $50 million ($3,415 psf), said CBRE. 87 and 88 Amoy St…
S-REITs remain good defensive play despite uncertainties ahead
OCBC Investment Research says the Singapore REIT sector remains a good defensive shelter for investors amid macroeconomic uncertainties. “Looking ahead, we have tempered our expectations for the hospitality sector, and now expect more muted DPU growth from hospitality…
Koufu Group to incorporate more technology into business
Food services company Koufu Group has expanded steadily over the past 16 years to manage a range of F&B businesses located primarily in Singapore. Today, the company is one of the most established and largest operators and managers…
BreadTalk opens first TaiGai tea beverage store in NEX Serangoon
BreadTalk is today opening its first TaiGai flagship store in NEX Serangoon shopping mall. TaiGai originated from Shenzhen and became the first brand to popularise the tea beverages with fruit-blended milk cheese crowns. The group’s wholly-owned subsidiary Together…
‘Greater clarity’ on way forward for KL-Singapore HSR project: Khaw
The agreement by Malaysia and Singapore on Wed to postpone construction of the KL-Singapore HSR provides greater clarity over the project, Singapore’s Transport Minister Khaw Boon Wan said. The much-anticipated project has been postponed until the end of…
Overall improvement in foreign worker housing landscape: MOM
There has an overall improvement in foreign worker housing, which is reflected in a reduction in the number of offenders for housing-related contraventions, MOM said on Wed. There were 1,451 contraventions in 2015, falling to 1,316 in 2016…
New energy rating to push more buildings to go green
In a push to get more non-residential buildings to go green, the authorities have introduced a new energy rating that aims to make buildings at least 60 per cent more energy efficient than the current building codes, which…
LBS designed to allow immediate and adequate payouts
We refer to the letter, “Some conditions under HDB’s Lease Buyback Scheme (LBS) need to be reconsidered” (Aug 21). The LBS allows seniors to monetise their flat for their retirement needs while continuing to live in it, by…
Malaysia and Singapore agree to revive rail project in 2020
Malaysia and Singapore agreed on Wed to resume the construction of a 350 km HSR on May 31, 2020 on the basis that the city-state is compensated 15 million Singapore dollars. Singapore had already started work on the…
Soilbuild Construction wins new civil works project worth $7 mil
Soil-Build, a subsidiary of Soilbuild Construction Group, won a civil works contract worth $7 million for the construction of covered linkways and cycling paths at Changi Business Park and One-North. Awarded by JTC, the project is scheduled to…
Why Frasers Centrepoint’s two northern malls are doing well
It’s no wonder why Frasers Centrepoint Trust’s Northpoint City and Causeway Point are two of the biggest malls in the northern region. Given the two malls are well connected to MRTs and bus stations, they have been performing…
Can your HDB flat really appreciate after it’s 50 years old?
Recently, Minister Khaw Boon Wan remarked that a 50-year-old HDB flat can still appreciate for the next 10 years. He’s absolutely right of course; it can happen, just like how it’s entirely possible you can strike TOTO with…
Singapore, Malaysia to sign new agreement on HSR link; project expected to be postponed
Singapore and Malaysia will ink an agreement on Wed afternoon on the HSR project, with expectations that the development of the link will be postponed. A statement about the signing ceremony, which was released by the office of…
Building for the future
New technology and digital tools are rapidly changing the way that buildings are designed and constructed. Increasingly, developers and building owners look to high-tech solutions to enhance their skyscrapers, making them ever more technologically-evolved to meet occupiers’ progressive…
Measured bid counts in latest GLS tenders for private housing
Bidding turnouts at two of three state tenders that closed on Tues were noticeably subdued, reflecting developers’ sentiment following the latest property cooling measures. Just five bids competed for the plot on Dairy Farm Road. Over at Jalan…
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