Daily Archives: January 14, 2019 (22 Articles Found)

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It’s your friendly neighbourhood ISOTeam

It’s your friendly neighbourhood ISOTeam

The source for this article is no longer available

The pundits have divined that Singapore will hold its GE in a year or so, and that typically means more business for Catalist-listed ISOTeam. The building maintenance and estate upgrading company stands to clinch more R&R contracts whenever…

Best picnic places in Singapore: 7 scenic outdoor spots where you can chill with nature

1) Admiralty Park – It’s home to a huge urban adventure area with 26 slides, the most out of any park in the city; 2) Bukit Timah Nature Reserve – The recently restored landscape also includes the nation’s…

Views: Are we really ready for PMD-sharing?

This is the year of the big PMD push. Call them what you will – PMDs, e-scooters, catalysts for an explosion of pedestrian road rage on the pavements (pave rage?) – we are going to see more of…

Seven operators set to apply for PMD-sharing licence here

Two years of bicycle-sharing in Singapore have been plagued with issues ranging from vandalism to indiscriminate parking to operators going bust. In recent years, PMDs, in particular e-scooters, have also sparked controversy, with reckless riders infringing on roads…

Singapore otters a hit overseas

National Geographic photographer Stefano Unterthiner, 48, from Italy has been to more than 30 countries and photographed exotic wildlife such as the Komodo dragon, European bison and brown bear. When he learnt about Singapore’s Bishan otters, he flew…

Johor Bahru-Singapore RTS link ‘not progressing well’, Malaysia missed deadlines: Khaw

The Johor Bahru-Singapore RTS link project is behind schedule and “not progressing well”, said Transport Minister Khaw Boon Wan on Mon in a written parliamentary reply. He was responding to questions from MP Ang Wei Neng on the…

8 reports of illegal drone flying near Changi Airport over past 3 years

There were eight reports of unauthorised UAS, commonly known as drones, that flew within 5km of Singapore’s Changi Airport over the past three years, said Senior Minister of State for Transport Lam Pin Min in Parliament on Mon.…

Vivian Balakrishnan disputes Malaysian claims over impact of ILS at Seletar Airport

Claims that implementation of the ILS procedures at Seletar Airport will prevent the construction of tall buildings in Pasir Gudang are “untrue”, said Foreign Minister Vivian Balakrishnan on Mon. Producing a satellite photo of Pasir Gudang to emphasise…

Elections this year? Not before HDB clarifies refinancing policies first, says UBS

Singapore needs to clarify details of how HDB owners can retain the value of their properties under a proposed government scheme. If not, GE, which has been rumoured to be called this year, has “no way” of happening.…

TuasOne to get $23m equity injection if Hyflux seals deal with Mitsubishi Heavy Industries by end-Jan

Debt-ridden water treatment company Hyflux would see additional equity injection of $23 million from Mitsubishi Heavy Industries (MHI) into TuasOne waste-to-energy project if the two parties enter into a binding agreement by the end of Jan. This was…

Co-working space sector feels the squeeze

Ms Saranta Gattie and her brother Ben were riding the tailwinds of co-working, a concept where paying members work in open-plan office spaces that often have an entrepreneurial and millennial vibe. In just five months, their location in…

Growing co-working market bolstering office rentals

Besides providing hip and cosy work locations, co-working spaces are also shaking up the real estate scene by bolstering office rentals. Aggressive expansion plans by big co-working operators such as WeWork, along with the proliferation of boutique firms,…

Four months into job and CapitaLand CEO pulls off mega deal for property giant

Four months in as head honcho of SEA’s property giant CapitaLand, Lee Chee Koon has pulled off a mighty $11 billion cash-plus-shares deal – subject to shareholders’ nod – to buy Ascendas-Singbridge (ASB) from Temasek Holdings that will…

Data centre operators turn West amidst Tai Seng space crunch

With Singapore grappling with the risk of data centre oversupply particularly in the Tai Seng industrial estate, operators are looking to the West for more suitable land opportunities to keep up with rising demand. Singapore’s connectivity to major…

CapitaLand Commercial Trust to maintain positive rental reversions in 2020: UOB

UOB Kay Hian is maintaining its “buy” call on CapitaLand Commercial Trust (CCT), while raising its target price to $2.11 from $2 previously after fine-tuning 2018-20F DPU by –3 to 1% upon adjusting rental assumptions. This comes as…

Keppel subsidiary wins $40 mil pipe rack project from JTC Corp

Pipenet, a wholly-owned subsidiary of Keppel Infrastructure Holdings, has secured a $40 million contract from JTC to design, build and operate pipe racks on Jurong Island. Under the terms of the contract, Pipenet will construct pipe racks along…

Shopee fully leases 5 Science Park Drive

Shopee, the e-commerce arm of Singapore-based, New York-listed Sea Ltd, is understood to have fully leased a new business park development at 5 Science Park Drive. The six-storey project, with frontage along AYE, will have about 240,000 sqft…

Boutique Hotel at Desker Road for sale

A 25-room freehold boutique hotel on Desker Road in the Little India vicinity is up for sale by EOI. The site has a guide price of about $28 million to $30 million, according to Knight Frank. The property…

CapitaLand to acquire Ascendas-Singbridge in $11 bil deal

CapitaLand is acquiring all the shares in two wholly-owned intermediate subsidiaries of Asendas-Singbridge (ASB), a subsidiary of Temasek. The acquisition, valued at $11 billion, will make CapitaLand the largest diversified real estate group in Asia, according to the…

Penthouse at The Stellar sees $1.38 mil profit

Two of the top three deals closed over the period of Dec 21 to 30 last year came from condominiums located outside the prime districts. The most profitable deal was the sale of a penthouse unit at The…

Firms must take lead in going green to create impact

There are regular Forum letters with good suggestions by writers on how the use of plastic bags, plastic straws and others can be cut down. However, I would personally be more encouraged to reduce, reuse and recycle if…

Open electricity market gives consumers choice

We thank Mr Hoe Lye Soon for his letter on the OEM (Keep buying of electricity simple; Jan 5). The OEM aims to give consumers more choices when buying electricity. Consumers who prefer to buy electricity from SP…

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