Daily Archives: November 21, 2018 (26 Articles Found)

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HDB resale market: 4 key predictions for 2019

The idea of a HDB resale flat has taken on a lot of emotional baggage lately; blame it on public and media conversations about 99-year leases. And while there’ve been a healthy volume of resale flat sale transactions…

How do MRT stations affect property prices and rent?

Conventional wisdom suggests that prices of properties near MRT stations command a premium. We explore just how much of a premium that might be, how it could affect rental prices, as well as how the upcoming TEL may…

Private residential property buyers checklist

Private residential property buyers checklist is much needed for those purchasing a property. A private residential property buyers checklist highlights the things purchasers should check or do before and after purchasing private residential property. 1) Before the transfer…

AMP Capital buys out JV partner AMP Capital’s stakes in AA REIT and manager

AIMS Financial Service Group is acquiring AMP Capital’s 50% stake in the management entities of AIMS AMP Capital Industrial REIT (AA REIT) and also the latter’s 10.26% stake in the REIT. AIMS Financial Group currently owns a 50%…

How Beyond Social Services scheme gets rental block residents to help one another

Beyond Social Services’s Youth United Programme facilitates the building of relationships between rental block residents through activities and common interests and through such ties, residents come together to tackle their neighbourhood’s and their own issues. A survey released…

New property site taps OneMap to offer more detailed searches for homebuyers

Yet another online site for property hunters was launched on Wed, with a difference: Users will be able to narrow their search to hone in on certain features of a property and its neighbourhood. Instead of relying on…

Incentives available to help green buildings

We thank Ms Christine Li for her commentary, “What can be done to make Singapore buildings more green?” (Nov 9). BCA engages the industry periodically to review and enhance the green buildings schemes. We will certainly take Ms…

Singapore, Netherlands ink environment and water management agreement

Singapore and the Netherlands on Wed signed an agreement to enhance cooperation on environmental and water mgmt. Apart from aiming to facilitate knowledge exchange and expertise in the area of water mgmt, the deal will look to support…

La Lola Churreria to launch in Singapore

The Brazilian-inspired food-retailing concept is being brought to the city by MFT Group of the Philippines, in partnership with Bistronomia which opened the first La Lola store in the upmarket Manila Power Plant Mall at Rockwell. The Clarke…

6ixty8ight Singapore opens two more stores

6ixty8ight Singapore will open new stores at Tampines 1 on Dec 1 and at Bugis Junction this week. They follow the brand’s debut at VivoCity in July. The Bugis Junction 6ixty8ight Singapore store will take up 340 sqm…

Subsidies for hawkers only a short-term solution

The idea that NEA pay half of hawkers’ dish-washing fees next year and, in 2020, pay 30 per cent is very unrealistic. The hawkers are looking for long-term solutions, not short-term gains from the authorities. What will happen…

Sustainable solution needed to manage costs for hawkers

It was reported that NEA will pay half of hawkers’ dish-washing fees next year and 30 per cent the year after. How long will NEA be helping these hawkers? Considering that NEA would have deliberated this very carefully…

Why does onus fall on NEA to provide subsidies?

While I applaud the move to subsidise dish-washing costs for hawkers at seven social enterprise hawker centres, I am bothered by NEA’s intervention. Social enterprise hawker centres are owned by operators who reap profits from hawkers under their…

While Singapore sleeps: Midnight at Toa Payoh East vegetable market

By day, Toa Payoh East is just another sleepy street where HDB flats give way to an industrial estate. But observant passers-by would spot something amiss. Tents—the kind you see at void deck weddings—shelter a section of unused…

Beach Road is most lucrative office rental market in Q3

Among the Grade A office space submarkets in Singapore, those in Beach Road saw the highest year-on-year growth of 19.3 percent to $8.35 psf per month in Q3 2018, revealed Colliers Intl’s latest office sector report. This was…

Non-consenting owners of en bloc properties still have to pay stamp duty: Wong

Homeowners who opposed the collective sale of a private residential development are still required to pay SSD if the sale occurred within the holding period, said Second Minister for Finance Lawrence Wong in Parliament on Tues. This comes…

HDB terrace at Jalan Bahagia sold for record price of nearly $1.2 million

A HDB terrace in Jalan Bahagia was sold for nearly $1.2 million in 3Q2018, smashing the previous record to be the priciest HDB unit ever sold, according to a report published by OrangeTee on Wed. The 2,551 sqft…

Property curbs couldn’t stop ultra-wealthy and foreigners from buying luxury homes in Singapore

Despite the cooling measures imposed back in July, foreigners and utra-wealthy individuals still flocked to Singapore for their luxury home purchases properties still came cheaper compared to other hot areas such as Hong Kong, OrangeTee & Tie noted.…

Hong Kong and Tokyo beat Singapore as best finance locations in Asia: report

Singapore came in at third place as the best finance location in Asia after scoring highly on socio-economic factors such as political stability, ease of doing business and high-quality infrastructure, according to Colliers Intl’s Top Locations in Asia:…

Minbu Villa in Balestier may lower en bloc sale price to $129.1 mil

Minbu Villa, a freehold development in the Balestier area, is up for collective sale again, after an unsuccessful attempt in Mar. The reserve price may be lowered from the initial $145.8 million ($1,355 psf ppr), to $129.1 million…

Prices of new homes across all segments still at historical highs, says OrangeTee

Despite the slew of new property cooling measures, the private residential sector remained resilient in the 3Q2018, according to Christine Sun, head of research & consultancy at OrangeTee & Tie. A few new project launches continued to see…

Our Tampines Hub Hawker Centre to cease 24-hour operation from 1 Jan

Hawkers operating at Our Tampines Hub Hawker Centre (OTH) will no longer need to operate round the clock from 1 Jan next year. The hawker centre – which is run by OTMH was the only one among 114…

Fire involving ventilation duct breaks out at Jurong West coffee shop; no injuries reported

A fire broke out at a Jurong West coffee shop on Wed morning, with firefighters seen dousing the blaze on the roof of the building. SCDF said it was alerted to the fire at Blk 964 Jurong West…

Cartier’s ION flagship is now the size of 10 HDB flats and features Peranakan artefacts

If you’ve ambled past ION Orchard in the last week or so, you’d have noticed the sudden appearance of a red-and-gold ferris wheel emblazoned with the Cartier logo. No, the French luxury house isn’t venturing into the manufacture…

Stretch of Canning Rise to be pedestrianised from Jan 3

Canning Rise will no longer connect Hill St to Fort Canning Road from Jan 3, 2019, NParks said on Wed. A portion of the one-way street – after the Registry of Marriages and before the National Museum of…

Parliament: PMD-sharing services to enter Singapore next year

PMD sharing could soon become a publicly available transport option. Starting Jan next year, operators offering PMD-sharing services will be allowed to apply for sandbox or limited licences to operate small fleets in Singapore. In parliament yesterday, Senior…

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