Daily Archives: October 1, 2018 (30 Articles Found)

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Premature to conclude effectiveness of property cooling measures, MND Minister

MND Minister said today that it was premature to say if the property cooling actions introduced on July 5 achieved its intended objectives. As the measures were only introduced recently, it is premature to conclude whether they have…

The reasons why you want to invest in REITs in Singapore

As an investor, it is always good to have a diversified portfolio so that your investments bring good ROI. Singapore is a well-known investment market where REITs are spiking and are considered to be a great opportunity for…

Complete guide to choosing the best OEM plan for your home

You might have heard that starting next month, residential households islandwide will be able to pick from a variety of electricity retailers to buy electricity from. In order to understand what an electricity retailer is, we first need…

Switching from SP Group to a new electricity retailer – 8 things you need to know

Before this year, electricity supply was never something anyone had to give much thought to. Need electricity for your new home? Singapore Power (SP Group) lor. They’re the only electricity retailer what. Yes, but not for long. By…

JTC awards tender for Braddell Road site

Industrial landlord JTC has awarded the tender for the site at Braddell Road to BP-SH1 Pte Ltd, after it submitted the highest bid of $53.6 million. Launched for tender on 30 May, the site attracted eight bids at…

Hawkers can flag concerns with NEA place managers: Amy Khor

Even though NEA has appointed social enterprises Fei Siong, NTUC Foodfare and Timbre to operate new hawker centres, stallholders can still flag their concerns to NEA through its place managers, said Dr Amy Khor in Parliament on Mon.…

Town councils’ civil lawsuits against WP start on Oct 5; Low Thia Khiang, Sylvia Lim among first to testify

The hearing for the multimillion-dollar civil lawsuits brought against three WP MPs over improper town council payments will start on Fri. Former WP chief Low Thia Khiang and chairman Sylvia Lim will be among the first to take…

MP calls for surcharge on all single-use bags, except those used for fresh produce

Consumers should pay for single-use carrier bags made of all materials — not only plastic — but bags used to carry fresh produce should be exempted from any charge, Mr Louis Ng said on Mon. In this way,…

Three floors at Cecil St office up for bulk sale

Three freehold office floors at the 25-storey building The Octagon at 105 Cecil St have been put up for sale via tender. The tender exercise for the building’s 14th, 15th and 17th floors will close on 1 Nov…

Ivory Heights fails in bid to go en bloc

Ivory Heights, a 654-unit privatised HUDC estate in Jurong East, has failed to secure the requisite 80 per cent approval rate by yesterday’s deadline, making it the first mega site to fail to get the mandate to launch…

Safe Place to shelter distressed mums-to-be

A new home for pregnant women who need a temporary place to stay is expected to open by early next month. It will be Singapore’s only dedicated refuge for mothers-to-be in distress. Safe Place, an initiative of Lakeside…

CDL exec lauded for green efforts

City Developments (CDL) chief sustainability officer Esther An has been named one of the 2018 UN Global Compact Sustainable Development Goals (SDG) Pioneers for Green Infrastructure and a Low-Carbon Economy. She is the first person from Singapore and…

Procedure property agents have to adhere to when collecting cheques

We thank Ms Ng Xian Hui for her letter (Is collecting signed blank cheques from potential home buyers proper?; Sept 18). Property agents are regulated by CEA. Under its guidelines, agents are not allowed to collect cheques from…

HDB blocks have to meet fire code standards existing at time of building

We thank Mr Thomas Reginald Vernon for his letter (Not all blocks have emergency lights; Sept 21). All HDB blocks have to meet the fire code requirements which are prevailing at the time that they are built. When…

Relook import process of species

The recent report on non-native aquatic species in Singapore seems to suggest that the introduction of such species here is due to the aquarium trade (More non-native fish in S’pore waterways; Sept 24). Hybrid groupers are becoming an…

5 ways green buildings are good for your health

Working in a sustainable building is good for people’s health and well-being, according to a growing body of research on the impacts of green buildings on occupants’ health and productivity. As health and wellness move up the list…

Sunk costs: Airports taking action against rising seas, storms as climate changes

Global airport operators, faced with rising sea levels and more powerful storms as the climate changes, are starting to invest in measures including higher runways, seawalls and better drainage systems to future-proof immovable assets. Fifteen of the 50…

HDB residents make full use of common area by creating their own mini garden and deck

Every sqft counts when you live in a country as small as Singapore — and no one understands space constraints better than HDB residents, some of whom have made headlines this past year for building an actual koi…

Equipment failures at 2 power firms led to 18 Sept blackout: Koh Poh Koon

Equipment faults at two power generating companies led to the widespread blackout across Singapore on 18 Sept based on preliminary investigations, said Senior Minister of State for Trade and Industry Koh Poh Koon on Mon. Speaking in Parliament,…

Singapore home prices rise even after additional curbs

Singapore private home prices are still inching higher – albeit at the slowest pace in five quarters – even after the government imposed additional property curbs to avoid the risk of a sharp correction that could be destabilizing…

HDB resale index falls 0.2% amid continued concerns over value of older HDB flats

According to HDB’s flash estimate of the 3Q2018 Resale Price Index, the index has dropped 0.2% from the previous quarter. The index’s growth rate has returned to negative territory after just one quarter of 0.1% growth, recorded in…

Private property index climbs 0.5% in 3Q2018

According to its latest flash estimates, the URA’s private residential property index rose 0.5% in 3Q2018. It is a “significant moderation” from the 3.4% increase in the previous quarter, and a sign that the property cooling measures implemented…

Terms of KL-S’pore HSR postponement ‘fair’: Khaw

Calling the terms of the postponement of the KL-Singapore HSR project a “fair arrangement”, Transport Minister Khaw Boon Wan said Singapore could have turned down Malaysia’s request but decided to work out an alternative “in the spirit of…

Singapore’s power system ‘one of the most reliable’ in the world: Koh Poh Koon

With each consumer experiencing an average power disruption of 12 to 45 seconds annually between 2013 and 2017, Singapore has one of the most reliable and affordable electricity systems in the world, declared Senior Minister of State for…

3,100 households have taken up Lease Buyback Scheme; mostly 3-room flats: MND

About 3,100 households have taken up the LBS since its introduction in Mar 2009, said MND Minister Lawrence Wong in Parliament on Mon. Giving a breakdown, he said this comprises 830 households in 4-room flats, 2,030 households in…

Full opening of electricity market in Singapore to fire up competition: What will retailers do?

When the nationwide roll-out of the Open Electricity Market (OEM) begins next month, consumers here will stand to enjoy the benefits of a liberalised retail power market with industry experts expecting sizzling competition to fire up price cuts…

Singapore to open up retail electricity market from Nov: What it means for consumers

For the past week, Ms Janet Wong and her neighbours have been discussing the merits of switching electricity providers. This after EMA on Sep 21 announced the nationwide roll-out of the Open Electricity Market (OEM), an initiative to…

French transport group trains its sights on Singapore MRT, public bus services

French multimodal transport operator RATP Group is determined to gain a foothold in the Singapore public transport sector despite three failed attempts, the first of which goes back as far as 17 years. To underline its intent, RATP…

GCB deals hit S$220m in third quarter

Transaction volumes of bungalows in Good Class Bungalow (GCB) Areas have held up in the third quarter against the latest property cooling measures which took effect on July 6. Based on an analysis by List Sotheby’s Intl Realty…

New MRT trains with tip-up seats now in service

The first batch of C151C MRT trains featuring tip-up seats went into service yesterday from Ang Mo Kio station. The trains will progressively be introduced, and all 12 are expected to be in service by early next year.…

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