Daily Archives: January 4, 2019 (24 Articles Found)

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Property agents’ track records now available online

Would-be HDB flat buyers and sellers can now find out about their property agent’s track record with the click of a button. On Fri, CEA launched the Property Agents’ Transaction Records Initiative, which publishes the records of residential…

Look Ahead 2019: Environment — New policies may spur companies to up their game

The Year of Climate Action wrapped up with the public now more aware of the need to fight global warming, going by more than 300,000 pledges from individuals and organisations garnered in 2018. In the next few years,…

S’pore Govt ‘unwelcome’ of Tesla, says Elon Musk

Tesla’s CEO Elon Musk has asserted once again in a tweet that the Singapore government has been “unwelcome” of his automotive company in the Republic. Mr Musk was responding to another tweet on Thurs asking why the company’s…

‘A big question mark’ over Blu Jaz’s future, after permit to hold live performances cancelled

With its appeal against the cancellation of its public entertainment licence rejected, a question mark now hangs over the future of Blu Jaz café. Contacted on Fri, owner Aileen Tan said that she does not have immediate comment…

Dr M: Malaysia to meet Singapore over Seletar airport issue

PM Tun Dr Mahathir Mohamad says Malaysia will have discussions with Singapore over the ongoing dispute involving Malaysian airspace and the republic’s Seletar airport. “The Cabinet has decided to have discussions with Singapore on the matter of the…

Red Dot Power exits retail electricity business after ‘financially challenging period’

Energy provider Red Dot Power has decided to stop providing retail electricity services, and is exiting the market with effect from Fri. In a notice on its website dated Jan 3, the company cited financial challenges for its…

HDB resale transactions slide for fifth straight month

The number of HDB flats that changed hands last month was 23.9 per cent lower than in Nov, a bigger fall than a year ago, flash data from SRX showed yesterday. This was the fifth straight month of…

Two retail units at Peninsula Plaza launched for sale at $16m

Two strata-retail units at the basement level of Peninsula Plaza have been put up for sale via EOI, carrying a guide price of $16 million or $3,350 psf on the strata area. With a leasehold tenure of 999-years…

Number of property agents increase in 2019, even as the number of firms decline

The number of licensed property agents increased 2% to 29,146 as at Jan 1, 2019 from 28,571 a year ago, according to CEA. However, the number of licensed property agencies dropped 3% to 1,229 at the start of…

Four new statues unveiled alongside Sir Stamford Raffles

Sir Stamford Raffles will not be standing alone along the north bank of the Singapore River, not for the next few days at least. The statues of four other historical figures — Sang Nila Utama, Tan Tock Seng,…

Allgreen Properties to launch first major project of 2019

On Sat, developer Allgreen Properties is set to preview Fourth Avenue Residences, an ultra-luxury condominium in prime District 10 that is slated to be the first major project launch in 2019. Situated within a Good Class Bungalow (GCB)…

Choon Kim House, Flynn Park relaunched for en bloc sale

Choon Kim House, a mixed-use commercial and residential development was relaunched for collective sale reserve price of $50 million on Jan 4. This was lower than the previous asking price of $55 million when the project was first…

Million-dollar HDB flats: Location, type and size count

Last year, Ms Casslyn Lim, 41, sold not one but two HDB flats for over $1 million. It was the first time she had sold such high-priced HDB flats in her nine years as a property agent. In…

Keppel takes full control of I12 Katong

Keppel Corp has paid S$56.6 million to take full control of the I12 Katong shopping centre on East Coast Road, formerly known as Katong Mall. Using its DC Reit subsidiary, Keppel Land will acquire the 77.6 per cent…

Don Don Donki Singapore to open third store

Japanese discount chain Don Don Donki Singapore is set to open on the basement level at City Square Mall on Jan 11. The new location is the brand’s third of a planned 10 stores in Singapore to open…

Singapore Reits start the year well, ‘likely to continue to shine’

Reits are doing well, as investors take cover behind yield plays. Only a handful of the 36 Reits listed on SGX fell on Thurs, while the wider market continued to wallow in a red sea. The Reits sub-index…

Siblings owning 2 units file objections to City Towers sale

If a pair of siblings have their way, the collective sale of City Towers, sold last Feb to a unit linked to Hong Kong tycoon Li Ka-shing for S$401.9 million, will not go through. The brother and sister,…

More flexible use of space in the offing

“Singapore continues to attract higher-value-added manufacturing companies, such as Dyson, to set up manufacturing facilities,” says Brenda Ong, executive director of industrial and logistics at CBRE. “Given the skilled labour and strong government support, more of these advanced…

Geylang rock fest a hit but venue choice gets mixed reactions

A five-day rock music festival held last weekend at the Wisma Geylang Serai (WGS) hub has drawn mixed reactions from the community. RockFest 2018, which ran from last Thurs to Sun, featured performances by local Malay rock bands.…

Lessons from the fall of once-mighty bike-sharing giants

The sharing economy has pervaded many aspects of our lives, and is probably here to stay, with goods, assets and services being shared and rented. However, the bike-sharing sector, with an initial strong growth momentum and proliferation of…

The blue economy and seasteading: A key growth driver for Singapore

Singapore is well-positioned to capitalise on the convergence of the growing blue economy and the emergence of seasteading, with the potential to become a prime mover in the development of floating cities. The city-state, a commercial hub for…

Dairy Farm hikes price to S$1.84b in push for 80% owner sign-up

The New Year’s Eve countdown is done, but the clock continues to tick for en bloc candidates as they race against a cooling market and various deadlines governing collective sales. The pressure has even led some projects to…

Look Ahead 2019: Property — A subdued year in store, after a frenzied period

Not since 2007 has the property market had such an eventful year. 2018 will be remembered most for the year the en bloc movement reached fever pitch, which went by with multiple asking prices above S$2 billion, ugly…

Killing mynahs not the solution to noise problem

I read with concern the recent news report about how mynahs were captured and killed in Potong Pasir for making what someone described as “a lot of noise”. But such a measure will only solve the “problem” for…

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