Daily Archives: January 10, 2019 (18 Articles Found)

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Leonie Gardens seeks to go en bloc again at $800m

Leonie Gardens joins a growing list of die-hard sellers trying their luck to go en bloc in the new year. The prime District 9 condominium in Leonie Hill, whose collective sales agreement expires in May, relaunched its tender…

Companies should report near misses to bring down industrial accident rate: Zaqy Mohamad

Companies need to report near misses at the workplace and encourage workers to highlight hazards, in order to reduce the number of injuries resulting from industrial accidents. Speaking at the launch of Safe Hands Campaign 2019 on Thurs,…

Arrival in 1819 was major criterion in selecting new statues: Bicentennial Office

The Singapore Bicentennial Office (SBO) had considered including a statue of tradeswoman and philanthropist Hajjah Fatimah to be placed together with the statue of Sir Stamford Raffles, but decided not to in the end because it could not…

Shopping at Sim Lim Square? Take your arty-farty friend along for a surprise

The writing has been on the wall: The 32-year-old Sim Lim Square is trying for an en-bloc sale and the tenants in this love-it-or-hate-it electronic goods mall are already changing as fast as the technology powering the gadgets…

Founders’ Memorial likely to open two years later than envisaged

It was scheduled to be completed in 2025 at first, but the Founders’ Memorial that will be built at Bay East Garden is likely to open in 2027 at the latest, possibly missing the 60th anniversary of Singapore’s…

Singapore property market 2019: 5 things you need to know

With the New Year now upon us, many are wondering what lies ahead in the coming months. In this article, we’ve rounded up 5 things you need to know about how the Singapore property market could pan out…

Condo rents down 0.2%, while HDB rents up 0.6% in Dec

Rents for Singapore condominiums and private apartments reversed course to notch a small decrease last month, while HDB rents rose after dipping in Nov, according to a report yesterday. Flash estimates from SRX Property show rents for non-landed…

Ascott Reit sells Ascott Raffles Place Singapore for $353m

Ascott Residence Trust (Ascott Reit) has agreed to sell Ascott Raffles Place Singapore to private investor Cheong Sim Lam for $353.3 million. The sale price is 64.3 percent above the property’s latest valuation of $215 million as at…

Disruption among drivers of property demand

Overall commercial property transaction volumes in APAC are forecasted to rise by 5.0 percent for the whole of 2019, but the growth momentum could slow down, according to JLL. In particular, the growth of the region’s commercial property…

Kim San Leng: How a man went from nothing to owning over 30 coffee shops

Ever heard of Ming Kee Chicken Rice? The well-known stall sits nestled among many others at Kim San Leng (KSL) on 511 Bishan St 13, one of the chain’s most iconic coffee shops. In the midst of the…

Grab says ‘right time’ to introduce electric vehicles, set to roll out 200 Hyundai Konas

Ride-hailing firm Grab is set to roll out 200 electric vehicles (EVs) into Singapore’s streets progressively from Fri. Having purchased 200 Hyundai Kona 64 kWH electric cars, Grab will release an initial batch of 20 vehicles on Fri…

Govt intervention needed for bike-sharing to succeed

While the high take-up rates early on suggested popular demand for such services, poor maintenance and regulatory constraints have caused them to become less popular over time. It is clear that the private sector alone is unable to…

Debate on mynah issue healthy for society

I cannot agree with Mr Peh Chwee Hoe that we should stop debating over the mynah issue just because one solution has been found (Don’t entertain debate if solution is working; Jan 7). Yes, some considered the birds…

Protect consumers against electricity retailers that pull out

It is disappointing that electricity retailer Red Dot Power has thrown in the towel even before the game had begun. I question how EMA issues licences to electricity retailers. Why are there only 13 retailers participating in the…

NUS sues 3 firms for $55m over fire caused by gas leak

NUS is suing three companies for $55.3 million following a fire caused by a gas leak at its Solar Energy Research Institute of Singapore (SERIS). The afternoon blaze on Aug 10, 2012, which took firefighters nearly five hours…

Singapore home sales face a billion-dollar litmus test

Barely a week into 2019 and Singapore’s residential home sales market is facing a S$1.1 billion litmus test. Horizon Towers, an older-style building near the popular Orchard Road shopping district, has gone on the market for redevelopment a…

Global design competition launched to seek proposals for Founders’ Memorial

An intl design competition was launched on Thurs to seek proposals for the Founders’ Memorial at Bay East Garden. It is open to registered architects and design consultants in Singapore and around the world. The design should be…

Property cooling measures had more bite than expected: DBS chief

DBS Bank’s property loans segment shrunk by 40 to 50 per cent following last July’s cooling measures, with the lender’s CEO Piyush Gupta saying on Thurs that the government intervention had “more bite” than anticipated. Giving an update…

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