Daily Archives: October 24, 2018 (29 Articles Found)

Archives
  • Daily Archives

  •   24
    M T W T F S S
    1234567
    891011121314
    15161718192021
    22232425262728
    293031  
    APPLY

NUS-Redas property sentiment index plummets in 3Q2018

Property sentiment, as measured by RESI, took a big knock in 3Q2018. This arose from the new round of property cooling measures implemented in July. The Composite Sentiment Index, which is an indicator for the overall real estate…

New e-scooter start-up Beam can only apply for licence in Jan 2019, LTA clarifies

LTA has clarified that the earliest Singapore-based start-up Beam can launch its e-scooter sharing service here is next year. On Wed evening, LTA said: “We would like to remind all interested companies that it is an offence to…

Clarks Singapore unveils new global concept store

Singapore’s first Clarks Pure concept store opened its doors today, described as “a classic, understated and uncluttered retail space which reflects the brand’s history and modern spirit”. The new Clarks Singapore store is located in the Ion Orchard…

Gilstead Mansion launches second collective sale attempt

Owners of the 24-unit Gilstead Mansion have launched their property for collective sale, marking the second attempt for the freehold residential development. The owners are now asking for $65 million, down $3 million from the first attempt in…

Solar panel maker in S$585m sale, leaseback deal

The Singapore unit of Norway-headquartered solar firm REC is understood to have entered into a proposed S$585 million sale-and-leaseback transaction on its Tuas South property. The deal with Australia-based Logos Property, is one of the biggest of its…

Fixed-interest debt fortifies S-Reits against chill from rising rates

Rising interest rates are known to hurt REITs – but in the latest round of hikes, S-Reits appear to have rate-proofed themselves well. Analysts tracking the sector point to several factors why they are in better shape to…

New Certis to provide integrated security services

Security firm Certis has reinvented itself, morphing from a provider of physical guarding services to an advanced integrated security-services partner. Its revamped business approach, launched on Tues, is called Security+. It is now to be powered by technology…

Reducing class size is good, but mind the costs

Earlier this year, the issue of whether to implement smaller class sizes in Singapore schools was hotly debated in Parliament. Some felt that the current class size of about 33 to 34 in schools was too large and…

Website lets sellers decide property agents’ worth

A new website that connects home sellers to property agents will allow users to pay what they think the agent deserves. Through the Urban Agents portal, sellers can opt to pay agents as low as 1 per cent…

More than 303,300 people and groups sign climate action pledge to reduce carbon footprint

Over 300 individuals attending an environment-themed event made a pledge on Wed to make a difference in the fight against climate change. More than 303,300 individuals, schools and organisations so far have committed to the climate action pledge,…

Sylvia Lim gave FMSS ‘insider information’ to help company in tender bid: Davinder Singh

The question of whether WP chairman Sylvia Lim had colluded with former MA FMSS to ensure that the company won a tender in 2012 was raised on Wed, as the AHTC trial entered its 14th day. Ms Lim…

NTUC Foodfare clarifies claims on mgmt of Old Airport Road Hawker Centre

NTUC Foodfare on Wed responded to online allegations made against the mgmt of Old Airport Road Hawker Centre (OAHC) in a FB post that was widely circulated. Mr Gary Ho, a regular patron of the hawker centre, posted…

Longtime patron of Old Airport Road Food Centre relays the despair felt by hawkers under NTUC Foodfare

Recently, the public got to know that Old Airport Road Food Centre — one of the best places in the country for some solid local cuisine since ’73 — had a change in mgmt. According to a report,…

Why did Dyson pick Singapore to build its electric car?

When James Dyson, the billionaire British inventor of the bagless vacuum cleaner, unveiled a plan to build an electric car plant in Singapore, it raised a few eyebrows. “It is a bit of a surprise because of the…

‘Shoebox’ apartments are similarly built by HDB, so why set limits just for private homes?

The move by URA to cap the number of shoebox units by private developers is contradictory (“URA tightens rules to curb proliferation of shoebox units in heartlands”; Oct 17). URA probably forgot that the building of small units…

Model of social enterprise hawker centres needs to be tweaked to benefit all involved: Elim Chew

The model of having social enterprises manage hawker centres on a not-for-profit basis was mooted with good intentions, but it will now have to be tweaked so that it benefits all parties involved, said local entrepreneur Elim Chew.…

Pipe leak causes water ‘fountain’ at CTE exit

A pipe burst at a CTE exit on Wed morning, sending water shooting up several metres into the air. PUB said it is investigating the cause of the pipe leak, which happened at around 6.50am at the Cavanagh…

Changi Airport passenger traffic up 6.1% in Sept

Changi Airport handled more passengers in Sept compared to the same period a year ago, with traffic boosted by growth from all regions. A total of 5.23 million passengers passed through the airport last month, a 6.1 per…

MRT stations from Pioneer to Tuas Link to close earlier next month

Six MRT stations along the EWL from Pioneer to Tuas Link will close earlier in Nov, SMRT said on Wed. The six stations – Pioneer, Joo Koon, Gul Circle, Tuas Crescent, Tuas West Road and Tuas Link –…

Singapore shoe-box rule may cheer home buyers, not home builders

Putting an end to “shoe-box sized” apartments in Singapore may be reason for residents to cheer but for developers, it could prove a double whammy. Already hit in July by cooling measures that make it more expensive to…

If we want to keep hawker culture alive, put our money where our mouths are

Stepping into Jurong West Hawker Centre during lunchtime on a recent weekday, I felt like I was entering a ghost town. More than half of the tables were unoccupied. Hawkers lounged inside their respective stalls. No queues were…

60 electric buses worth S$50m to hit the road in 2020

Sixty electric buses from three suppliers will hit the road in 2020, providing commuters with quieter and smoother rides, said LTA on Wed. The buses, worth S$50 million, will arrive in Singapore from next year and the routes…

AHTC trial: ‘Disingenuous’ for defendants to draw parallel between CPG MD and FMSS owners as ‘conflicted persons’, says lawyer

Countering what he called the defendants’ “best legal find”, Senior Counsel Davinder Singh said the attempt to draw a parallel between the non-disclosure of the interests of shareholders of FMSS and CPG Facilities Mgmt is “disingenuous”. This is…

Glass panel breaks in Orchard Central, scaring patrons

Patrons at Orchard Central shopping mall were given a shock yesterday afternoon when a skylight panel broke, causing pieces of glass to rain down. Ms Low Li Ping, 22, told TNP that she was sitting on one of…

Majority of self-pay machines at Ci Yuan Hawker Centre faulty

Ci Yuan Hawker Centre in Hougang was the first in Singapore to have a self-payment facility at every stall when it opened in Aug 2015. But a year later, the machines started to break down, and some have…

New hawker centre model has failed

I disagree with the comments made by the NEA. The new hawker centre model has failed badly (New hawker centre model needs tweaks, time to evolve; Oct 22). As it has been NEA’s duty to manage hawker centres…

NEA needs to take hands-on approach in new scheme

Senior Minister of State for the Environment and Water Resources Amy Khor said NEA is reviewing not-for-profit hawker centres. In a related report, operators interviewed said they made sure hawkers knew about fees upfront and NEA said “none…

Consider a bridge from Punggol to JB, or undersea tunnel

The increase in vehicular and human populations in Malaysia and Singapore points to a need for a third link (‘Dire need’ for third S’pore-Johor link, Oct 19). As a regular traveller to Malaysia over the last 20 years,…

Curbing number of shoebox units a good move

I support the new moves to scale back the number of smaller dwelling units in future developments (New guidelines may price some buyers out of market: Redas; Oct 19). Many buyers of such units hope to lease their…

Sign In to Bookmark This Story

Sign In with Google