Daily Archives: January 2, 2019 (18 Articles Found)

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Horizon Towers gives collective sale another try

The owners of Horizon Towers are starting the New Year by giving collective sale another go. The reserve price remains unchanged at $1.1 billion, which translates to a land rate of $1,977 psf ppr, after factoring the lease…

‘Disappearing’ Raffles statue a teaser for Singapore Bicentennial

People walking along the Singapore River over the weekend might have been shocked to see that the statue of Sir Stamford Raffles – a prominent feature of Boat Quay – looked very different. Painted over on one side…

Improving Singapore’s land transport in 2019

The government recently announced the award of civil construction contracts amounting to S$3.14 billion for the 21.5 km long North South Corridor (NSC) from Admiralty Road West to the East Coast Parkway. This construction of a new North…

ISOTeam wins HDB HIP contract worth $26.3 mil

ISOTeam has won its second HIP project from HDB. Valued at $26.3 million, the group will undertake upgrading works to 35 HDB blocks across four precincts in Tampines, Jalan Bukit Merah/ Silat Aven and Kim Tian Place. The…

Don’t expect Singapore’s private home prices to match growth of 2018: Experts

Private home prices may have risen by close to 8 per cent last year according to flash estimates from URA, but analysts say that this increase will not be sustained in 2019. Its 6.8 percentage point increase from…

Renewal of bus services needed too

It is heartening to see that the NEL is going for a major renewal this year. Many Singaporeans depend on the public transport system to travel. But, we should not forget about the buses. The bus contracting model…

Diversification key to tackling food challenges

How is it possible to allocate more land for vegetable farming without compromising on our infrastructure and housing (S’pore must become self-sufficient in food by Dr George Wong Seow Choon; Dec 27, 2018)? To do so would mean…

Inefficient use of escalators

I agree that users of escalators should act responsibly and that most accidents are caused by errant behaviour. At MRT stations, I have noticed that users generally move to the left side of escalators so as to leave…

Is euthanising birds the only solution?

It is sad that mynahs in Potong Pasir were captured and euthanised because they were making a lot of noise. I remember the times when many households had roosters that loudly announced the rise of the sun daily.…

Singapore ‘smoking ban’ sounds radical, but it’s an odd way to reduce air pollution

On Jan 1 2019, Singapore will introduce a “no smoking zone” along a three km stretch of Orchard Road—one of the city’s busiest shopping districts. It sounds controversial—restricting people’s right to smoke in public spaces, as a way…

Man admits to shattering HDB lift glass panels with hammer

He thought there were evil spirits lurking in the glass panels of lifts in his neighbourhood. Fearing harm might come to him, Lim Beng Wei, a 55-year-old Singaporean, smashed the glass panels of several HDB lifts in Eunos.…

Delays on East-West MRT line

Two separate incidents affected journeys on the East-West MRT line on Wed. Transport site Land Transport Guru said journeys from Lakeside station towards Clementi station – three stops away – would take 10 minutes longer because of a…

Car hit by fallen tree? NParks may cover claim

NParks says it has a public liability insurance policy which covers its legal liability for personal injury, loss or damage to property following a fallen tree incident. But it will consider each case only on its merit. In…

Integrating bricks & clicks

Much has been said about the demise of brick-and-mortar stores. To be clear, physical retail is far from dead. In the last few years, retailers – roiled by changing retail trends and disrupted by the sweeping tech tsunami…

Charles & Keith buys S$60m building next to HQ in Tai Seng Link

Footwear, bag and accessories maker Charles & Keith Group is buying an industrial building next to its headquarters in Tai Seng Link to cater for its business expansion plans. The group is acquiring 8 Tai Seng Link for…

Private home prices rose 7.9% in 2018

Private residential property prices dipped 0.1 percent in the fourth quarter of 2018, a reversal from the 0.5 percent increase posted in the previous quarter. For the whole of 2018, prices rose 7.9 percent compared to the 1.1…

HDB resale prices down 0.9% in 2018

Resale prices of HDB flats dropped by 0.9 percent for the whole of 2018, revealed HDB on Wed. For the fourth quarter of 2018, resale flat prices dipped by 0.2 percent from the previous three-month period. “The RPI…

Limited new supply and rising rents brighten outlook

The office sector was the one bright spot in the real estate market in 2018. Average gross monthly rents for Grade-A office space in the CBD rose 10.8% in 2018, according to preliminary estimates by JLL Research. “Grade-A…

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