Daily Archives: October 18, 2018 (20 Articles Found)

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MRT service adequate to meet demand

We refer to Mr Natarajan S.K.’s letter (More frequent train service; Sept 28). Currently, only the middle track at Tanah Merah station can be used for trains travelling in both directions between Tanah Merah and Changi Airport stations.…

Kent Ridge Hill Residences previews at average of $1,700 psf

Oxley Holdings is maintaining the pace of its property launches with its eighth new development this year — Kent Ridge Hill Residences, located on South Buona Vista Road, off Pasir Panjang Road. On the weekend of Oct 20…

WP’s Sylvia Lim ‘lied’ about circumstances leading to upscaling of AHTC’s in-house computer system: Lawyer

WP chairman Sylvia Lim had “lied” to everyone about the circumstances which led to the expansion of the AHTC’s in-house computer system, charged Senior Counsel Davinder Singh on Thurs. Mr Singh said that Ms Lim had “knowingly (and)…

Lowering of unsecured loan limit – How does it affect you?

Next year, the unsecured loan limit will be further lowered to 12 times monthly income. Since 2015, the limit for unsecured has been reduced from 24 times in 2015 to 18 times in 2017. The measures, by MAS,…

4 new launch condos selling like hotcakes despite cooling measures

1) Jadescape – In Sept, Jadescape was the top selling new launch condo project, with 312 units sold. For it’s location, it’s widely considered a value buy, which draws investors as well as homebuyers On 99.co, average prices…

Hyflux to get S$530m lifeline from Indonesia’s Salim, Medco groups

Embattled water treatment firm Hyflux, which is in the midst of a court-supervised reorganisation, is set to receive a S$530 million investment from a consortium comprising Indonesia’s Salim Group and Medco Group, in a move that gives it…

In U-turn, Jurong West Hawker Centre to charge customers 20 cents deposit for trays

Customers at Jurong West Hawker Centre will soon have to pay a refundable deposit of 20 cents for every tray they use, the operator of Jurong West Hawker Centre announced on Thurs. The date for when this change…

AHTC trial: ‘Distrust’ of CPG dates back to 1991, WP’s Low clarifies

His “distrust” of CPG Facilities Mgmt dated all the way back to 1991, when he had a negative encounter with one of the former town councillors, revealed former WP chief Low Thia Khiang on Thurs. Mr Low made…

Singapore, Malaysia in ‘dire need’ of third bridge to improve connectivity: Malaysian minister

Both Malaysia and Singapore are in “dire need of a third bridge” linking both countries, said Malaysian Minister for Water, Land and Natural Resources Xavier Jayakumar on Thurs. He said that Malaysian PM Mahathir Mohamad’s recent interest in…

No official proposal from Malaysia on construction of ‘crooked bridge’: MFA

Singapore has not received “any official proposal or communications” from Malaysia on the construction of a so-called “crooked bridge” linking Johor and Singapore, MFA said on Thurs. The ministry issued a response to media queries on comments made…

There is scope for Blu Jaz Cafe and the authorities to resolve licensing issue

It is unfortunate that Blu Jaz Cafe will be losing its public entertainment licence. The concerns raised regarding excessive noise levels and overcrowding, and over a period of two years, are legitimate and justified: fatal infernos, exacerbated by…

Shedding light on move to open up electricity market

By next May, all households and businesses in Singapore will be able to go beyond the SP Group and tap other retailers to buy electricity. The move by EMA for an OEM has raised a flurry of questions…

Science Talk: Dive into Singapore’s marine environment to protect it

Singapore is an island-nation, and the lives of many Singaporeans are intertwined with the sea. Every day, coastal and marine areas here are used by thousands of people, for work and for play. The impact of these activities…

When winter escape to Singapore becomes flight of death for migratory birds

It is a grisly sign of the peak bird migration season, said NUS researcher David Tan. He was referring to more bird carcasses being found on pavements these past few weeks. All had crashed into buildings. The avian…

New research centre to develop virtual simulations of next-generation ports

A “digital twin” of the upcoming Tuas Terminal mega port is being developed in Singapore to help researchers evaluate the impact different layout designs and concepts can have on the efficiency of port operations. The simulation is one…

Property stocks hit by URA move to limit shoebox units

Major property stocks fell sharply on early trade on Thurs on the government’s latest move to cut the maximum number of units allowed in new private flat and condo developments outside the central area from early next year.…

Bigger average unit size expected to temper condo prices

The average size of new private flats outside the central area will have to be at least 85 sqm, a regulatory change that will cut the number of units allowed in a project – something that developers say…

Focus on diversified developers with strong balance sheet after latest URA curbs

Analysts say the new URA property development restrictions will bring about a cooling in land prices for upcoming GLS and possibly be the final nail in the coffin for the en-bloc market. Longer term, the measures could reduce…

Go big or go home, S’pore needs wow factor to grow tourism: Experts

To woo and wow visitors, Singapore needs to go bigger and be more creative in order to grow its tourism sector and make it stand out from the competition, said tourism experts who weighed in on the Government’s…

Federal leaders lukewarm to ‘crooked bridge’ revival proposal

Malaysia federal government leaders yesterday expressed reservation about the proposal to revive the “crooked bridge” project, saying it is not a priority due to the current economic situation. Economic Affairs Minister Datuk Seri Mohamed Azmin Ali said his…

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