Daily Archives: January 3, 2019 (24 Articles Found)

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Yellow Pages Building above Braddell MRT gets new name

The Yellow Pages Building has been renamed Braddell House, after its owner changed the company name to reflect its shift in core business to property development. At an EGM held on 26 Oct last year, shareholders of Global…

Horizon Towers gives collective sale another shot; Tanah Merah Mansion launches collective sale

Owners at Horizon Towers seem to have made nailing an en bloc deal a new year’s resolution, as they relaunched their collective sale tender on Wed at the same S$1.1 billion reserve price as before. Separately, Tanah Merah…

No more live performances at Blu Jaz Café from Feb; public entertainment licence cancelled for good

The decision is final. From Feb this year, there will be no more live performances at popular entertainment venue Blu Jaz Café after its appeal against the cancellation of its public entertainment licence was rejected, the police said…

Feeling less productive? Blame it on the air: NUS study

Exposure to air pollution over several weeks is not just unhealthy, it can also affect worker productivity, according to a study by NUS. Employee productivity dips by 1 per cent when the PM2.5 in the air increases by…

Second Chance Properties responds to SIAS queries regarding FY18 annual report

Second Chance Properties said the collective sale of units at Sim Lim Square and City Plaza is still ongoing given the last dates to sign the collective sale agreements are Mar 8 and Aug 23 respectively. The company…

Cavenagh Gardens attempts second collective sale

Cavenagh Gardens is up for collective sale at a reserve price of $480 million. This marks its second try at a collective sale, following its attempt in May last year at the same price. The reserve price translates…

Crabtree and Evelyn to shut all but one store globally in move to online-only business

Bath and body products retailer Crabtree and Evelyn will be shutting its 12 stores here in the coming months as it moves its operations online, with some outlets already emptied of goods. The UK-based company filed for bankruptcy…

CASE warns Ofo Singapore as users complain of fewer bikes

Even as bike-sharing company Ofo faces cash flow problems, it must continue to ensure that it has enough bicycles for its users in Singapore, said CASE. The consumer watchdog’s executive director, Mr Loy York Jiun, said on Wed…

7 favourite phrases property agents love to use

Property agents in Singapore have changed a lot of over the years. We notice they’ve developed a series of polite statements of late, which often have a meaning that needs to be “translated”. 1) I always advise my…

Largest public library in a mall to open at VivoCity on Jan 12

Visitors to the new library@harbourfront can relax with a book while enjoying panoramic views of Sentosa when it opens on Jan 12. Located on the third floor of VivoCity, the 3,000 sqm library is the largest to be…

LTA to open licence applications for PMD-sharing services on Jan 4

Licence applications for motorised PMD-sharing services will open on Fri, said LTA on Thurs. For a start, LTA will accept applications for sandbox licences for small fleets. “Operators that are awarded sandbox licences will have small fleet sizes…

Singapore-Malaysia tensions still simmer ahead of bilateral talks

The foreign ministers of Singapore and Malaysia will meet next Tues to discuss the airspace dispute that has been lingering between them for the past weeks. But the two countries failed to ease tensions before the meeting as…

Singapore digs up graves to build new motorways, including Bukit Brown cemetery where early Chinese immigrants rest

When Singapore’s government said it would exhume about 4,000 graves in the defunct Bukit Brown cemetery for an eight-lane highway, an unusually vocal campaign grew quickly to save one of the last remaining artefacts of the past in…

Marginal home price growth expected for 2019

Private home prices are expected to remain flat or rise slightly this year, supported by a slew of new projects poised for launch. C&W estimates that property prices for last year would have actually grown by more than…

Two construction firms fined $77,000 for damaging water mains: PUB

PUB has fined two construction companies a total of $77,000 for causing serious damage to its potable water mains. It said on Thurs that the damage resulted in a combined water loss of more than 6,400 cubic metres.…

Sembcorp to install solar panels atop three of CacheLog’s warehouses

Sembcorp Industries has signed an agreement to install and operate rooftop solar farms at three logistics warehouses in Singapore owned by Cache Logistics Trust. Under the arrangement, the integrated energy player will install, own and operate rooftop solar…

Chip Eng Seng announces opening of two pre-school centres in Singapore

Chip Eng Seng Corp reported the opening of two pre-school centres in Singapore on Wed. This includes the first Repton-brand pre-school centre and another by subsidiary, White Lodge Education Group Services (WLEGS). Repton Schoolhouse is located at Alexandra…

SoilBuild Construction wins $28.3 mil contract from HDB

SoilBuild Construction Group has been awarded a $28.3 million contract by HDB for the design and build of upgrading projects for G27D, and for contingency works. Under the contracts, SoilBuild will undertake the design and build of HDB’s…

Few bright spots in sight for local residential sector in near term, says OCBC

OCBC Investment Research is maintaining “neutral” on the local residential sector after Singapore home prices posted their first decline in six quarters, according to recent URA’s flash estimates. The research house continues to project a private residential price…

Shophouses ripe for the picking

The property cooling measures in July have influenced the super-rich to switch from luxury homes to an alternative asset class: conservation shophouses, which are in limited supply, especially those zoned for commercial use in the prime districts. “After…

Mall landlords and tenants reimagine space use

With e-commerce changing consumer behaviour, even retailers and mall owners on Orchard Road are looking at ways to convert footfall into sales. There has been a restructuring of offerings in shopping malls, with an increased focus on activity-based…

Homes for the wealthy — larger plots and higher prices for GCBs

The total number of Good Class Bungalow (GCB) transactions in 2018 stood at 39 as at end-Nov. Leong Boon Hoe, COO of List Sotheby’s Intl Realty Singapore (List SIR), expects the full-year figure to match the 42 deals…

Adopt ‘shock therapy’ to tackle plastic problem

Like Ms Natasha Bipin Doshi, I am concerned that the Government is not doing enough to tackle the indiscriminate use of plastic bags. It appears to be relying on public education, which is still proving to be ineffective…

Celebrate William Farquhar’s contributions too

This year, we mark our country’s bicentenary. While Sir Stamford Raffles has mostly been credited for the establishment of the trading post in Singapore, let’s not forget the very important role Major-General William Farquhar played. Without Maj-Gen Farquhar,…

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