Daily Archives: October 10, 2018 (25 Articles Found)

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Defence lawyers in AHTC trial slam the way KPMG compared managing agent costs

Defence lawyers representing MA FMSS slammed the way auditors KPMG had compared the costs incurred by AHTC in employing the company, compared to if it had stuck to its predecessor CPG Facilities Management, as “inaccurate” and “highly speculative”,…

Six Senses Maxwell, housed in one of Singapore’s colonial-style heritage buildings, to open on Dec 1

First, there was Six Senses Duxton, which opened earlier this year in the Chinatown neighbourhood. Now, complementing its sister site, Six Senses Maxwell is slated to launch on Dec 1 at its heritage building just minutes away. Together,…

The Arcade guns for a second collective sale attempt

As attention turn to commercial properties after the latest property cooling measures cast a pall on residential en bloc sales, some owners at The Arcade are gearing up for another collective sale. This will be the second attempt…

Safety concerns over use of Caltex’s new payment app at petrol stations

CaltexGO, a newly launched mobile application, allows users to pay for their fuel without getting out of their vehicle. This may be a great convenience and may increase the efficiency of petrol kiosk operations, but there may also…

Changi Airport adopts smart glasses, tech solutions to address challenges of Changi East project

Innovative technology-based solutions such as an online work declaration system and smart glasses have been developed and deployed to address the unique challenges faced in the Changi East project, said CAG, which will include T5 and an industrial…

MND had ‘no difficulty’ accepting AHTC’s waiver of tender for MA, says defence

MND and its then-minister Khaw Boon Wan knew that AHTC had waived a tender for a MA, and had accepted that the waiver was “properly called for and exercised”. That was an argument put forth on Wed by…

$14.3 million for a pair of freehold shophouses in Jalan Besar

A pair of shophouses at 355/357 Jalan Besar are on the market for $14.3 million via an EOI, announced CBRE. This translates into $2,344 psf based on GFA. The two-storey properties sit on a 3,066 sqft lot with…

Co-working space operator inks 6-year lease for Cecil St building

A co-working space company has entered into a six-year lease contract for an entire building at 139 Cecil St. In an SGX filing, Vibrant Group, which owns a stake in property owner Ececil, revealed that the 11-storey building…

More than 40 aspiring hawkers have applied for NEA’s Incubation Stall Programme

A programme that supports aspiring hawkers by offering stall rentals at significantly lower rates has seen “very positive response” with over 40 applicants since its introduction in Feb. Encouraged by the demand, NEA will add two more stalls…

Rules in place for activities at MRT stations

We thank Mr Ronnie Poon Beng Choon for his letter (What are the rules against hard-sell tactics at MRT stations?; Sept 26). Under LTA regulations, certain areas at our MRT stations are designated as event spaces. These can…

System needed to ensure all blocks meet emergency requirements

I am disappointed with SCDF’s response to my letter. SCDF did not answer several of the questions I raised. SCDF said that it had done enforcement checks following my feedback and that it had instructed the Tampines Town…

Relocate ‘branded’ schools to heartland

It may behove MOE to mull over the factors that make a school more popular than others. Parents do believe that all schools have equally good and competent teachers. But maybe, in this age of high expectations, “good”…

Singapore ‘en-bloc’ sales collapse after latest property curbs

Singapore residential-property investment sales have collapsed after the latest round of housing curbs put the brakes on ‘en-bloc’ redevelopment deals. Just two redevelopment sales worth S$353 million ($256 million) were completed in the third quarter, down from S$3.8…

What a HDB second-timer must know before deciding to sell

Say you’ve been living in your first HDB flat for 5 years now (or more), and you’re thinking of selling your flat to get another BTO/SBF or resale flat. In an ideal scenario, you’d profit from your first…

Private condo rents down 0.4% in Sept

Private condominium rents slipped 0.4% MoM compared to rates in Aug, SRX Property revealed. Rents in OCR led the declines at 0.7%. Meanwhile, rents in CCR dipped 0.5% MoM whilst rates in the rest of RCR remained unchanged.…

HDB rents slipped 0.5% in Sept

HDB flat rents dipped 0.5% MoM with HDB 3 rooms leading the rate declines at 1.2%, SRX Property revealed. Rental rates for HDB 4 rooms and HDB Executive also decreased by 0.3% and 0.6%, respectively. Both mature estates…

Liquidation of Newstead to have minimal impact on REITs

CGS-CIMB Securities continues to rate Singapore REITs as “overweight” following media reports that home-grown electronics retailer Newstead Technologies is currently in liquidation. The affected REITs from the closure of Newstead stores are Capitaland Mall Trust (CMT), Frasers Centrepoint…

Shake Shack Singapore launch confirmed

Shake Shack has confirmed its long-ago leaked debut in Singapore, the US restaurant chain announcing overnight it will open at the new Changi Jewel shopping centre under construction. “We’re comin’ to the city where east meets west!” the…

Singapore fully committed to climate change action: Masagos

In light of the serious climate change warning issued by the Intergovernmental Panel on Climate Change (IPCC), Singapore stays fully committed to supporting global action on the issue. For instance, the country was one of the first 55…

Singapore once named as ‘tricky place to stay’

While legend has it that this island was named Singapura after Sang Nila Utama spotted a large feline here, it is just one of many historical interpretations of how the Lion City (Singapura in Sanskrit) got its name.…

Sinopec gets ready to open its first Singapore fuel station in Yishun

Sinopec, the second Chinese company to enter the multibillion-dollar fuel retail market here, is set to open its first station this quarter. The Yishun Ave 1 kiosk, flashing its Easy Joy corporate tag and flag-flying Sino Power petrol…

WP’s MPs had reasons for paying S$2.8m more to get costlier architect, their lawyer says

The town councillors of AHTC chose the more expensive services provided by LST Architects in seven instances and paid close to S$2.8 million more because they had reasons to suspect that a less costly architect was not prepared…

Lafe Corp aborts en bloc purchase of Fairhaven

Singapore-listed property development and investment holding company Lafe Corp, announced on Oct 9 that its wholly-owned subsidiary Gioia Fund Pte Ltd, “will not complete” the proposed acquisition of Fairhaven, a 15-unit apartment block on Sophia Road. The $57…

EY opens innovation centre focusing on intelligent automation

EY on Tues opened a new innovation centre that will focus on helping clients integrate intelligent automation in their business processes. Technology that will be developed at the centre includes AI, machine learning, blockchain and robotics. Companies will…

Tulip Garden sale proceeding, says marketing agent Colliers

Colliers Intl, marketing agent for Tulip Garden, has quashed speculation that the S$906 million en bloc sale of the Farrer Road project has hit a speed bump. Its MD Tang Wei Leng said: “There is no basis to…

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