Daily Archives: September 11, 2018 (16 Articles Found)

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Complaints on cigarette smoke drifting into homes halve in 5 years

The number of complaints about cigarette smoke drifting into residential homes dropped by almost half over five years, according to figures revealed by NEA. Responding to ST queries, an NEA spokesman said on Tues that the agency received…

Singapore decked with pretty in pink ‘sakuras’ as trumpet tree flowers bloom

It’s the time of the year that Singapore’s floral version of Japan’s beloved cherry blossoms blooms again as trumpet tree flowers deck pavements and road dividers across the island in a sea of pink. The trumpet tree, whose…

Home equity loan: Is cash-out refinancing your property a good move?

You’ve already spent donkey years footing the housing loan, and now you’re a proud owner of a fully-paid up private property. In this situation, it’d be crazy if you went to take out another mortgage on that property,…

Beware the danger of making policy promises too far into the future

I refer to the article, “Private developers may be involved in Vers scheme: Lawrence Wong” (Sept 10). The new Vers to redevelop public housing estates is happening in about 20 years’ time, and the specifics of how it…

TT Intl unit Big Box Singapore starts liquidation proceedings

Big Box Singapore (BBS), an indirect wholly-owned subsidiary of TT Intl Limited initiated creditors’ voluntary liquidation proceedings on Tues. Prior to the commencement of its liquidation, BBS’s principal activities were general retail trade under the warehouse retail scheme…

Kids can play important role in encouraging tray returns

Against a background of persistent exhortations by politicians as well as a plethora of policy initiatives to encourage Singaporeans to return their trays in hawker centres, such as monetary incentives, smart robots and automated tray-return counters, the observation…

Government should support worthy entertainment spots

Yet another Singapore nightspot has called it a day, which is unsurprising given how competitive the nightlife industry is and today’s discerning, if not fickle-minded, consumers (Party’s over, and it’s closing time for St James Power Station; Sept…

Private condo resale prices down 0.2% in Aug

The resale prices of condominium units slipped 0.2% MoM in Aug, SRX Property revealed. Despite this, the prices saw an 11.2% YoY hike from Aug 2017’s rates. According to the firm’s data, condo resale prices in the rest…

New launches, healthy take-up rates to sustain residential developers in near-term: RHB

RHB Research is maintaining “neutral” on the real estate sector with a flattish price outlook for 2H18, and expectations that primary transactions will decline 10% y-o-y in 2018 with no near-term catalysts for players with larger exposure to…

Breaking new ground in concrete

A glimmering bench, speckled with light, was among the highlights of Aug’s Singapore Night Festival. Illuminated from within, it was made from translucent concrete – one of Pan-United Corp’s creations. Since 1999, the concrete business has sought to…

Billion-dollar sites not giving up on en bloc dreams

Despite fears that the latest cooling measures could sound the death knell for mega en bloc sites, billion-dollar projects are pressing on with their collective sale plans. Laguna Park – a sprawling 669,486 sqft East Coast development –…

Singapore’s builders seen facing debt troubles amid curbs

Singapore’s small construction firms are likely to face more difficulties repaying debt as a clampdown on property speculation worsens their already tight liquidity. The island’s economy grew at a slower pace in the second quarter than initially projected…

OUE to dispose office components of OUE Downtown to OUE C-REIT for $908 mil

OUE property group is planning to dispose the office components of OUE Downtown to OUE Commercial REIT for $908 million on a willing-buyer and willing-seller basis. OUE, the sponsor of says OUE C-REIT, says the acquisition will unlock…

Seniors have options to unlock value of HDB flats

HDB flats provide a nest egg to seniors for their retirement needs, and the authorities have introduced many schemes and programmes to monetise such properties by then, according to MND Minister Lawrence Wong. “For example, seniors can rent…

Pandan Valley eyeing $2.6b en-bloc sale

The sprawling Pandan Valley estate – one of the first condos to be built here – is aiming for a collective sale with a record-breaking price tag of $2.6 billion, sources close to the deal told ST. If…

Use of PMDs to come under tighter regulations

The use of PMDs will come under tighter regulations, with the passing of new laws that will expand the enforcement reach of the authorities and require e-scooters to be registered. But more can be done to further improve…

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