Daily Archives: January 16, 2019 (20 Articles Found)

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In Asia’s space-starved cities, urban planners bring ‘dead’ land to life

Urban planners and authorities in fast expanding Asian cities are increasingly turning to unused land underneath bridges, flyovers and viaducts to create much-needed public spaces. With rapid urbanisation, a construction boom in South and Southeast Asian cities is…

Newton Lodge launched for collective sale

Newton Lodge, a residential site at Newton Road, has been launched for collective sale with an asking price of $44 million. This reflects a land rate of $1,468 psf ppr, according to JLL. After factoring an additional 8%…

Should i take over a commercial property?

Some say residential and commercial properties are two “different animals”, like cats and dogs. The two are so different, a residential investor may need to re-learn the rules from the ground-up. 1) For commercial properties, price determinants vary…

Tackling climate change: Radical leadership needed to transform Singapore into energy-efficient society

I refer to the commentary, “When both the rich and poor feel the heat from climate change” (Jan 15), where the author is making the effort to align his research with a matter of public interest and public…

Market watchers mixed over 2019 home sales

The wave of new launches that began in earnest the second half of last year may have helped developer sales end the year on a stronger than expected note. But views are mixed on how this year would…

Cook, work, play in malls. But whither the retail property recovery?

Retail rents this year could stay flat or marginally increase for malls along the Orchard Road belt and in prime suburban areas, although a continued influx of supply and broader economic issues could continue to be overhanging concerns.…

Consultants doing EIAs should report to the authorities

In recent years, a number of issues have arisen surrounding development in or around forests in Singapore, which may be cleared for that purpose. The development is generally done after an EIA, which is aimed at determining the…

Irony of building ‘forest town’ after clearing forests

I am puzzled that HDB has chosen not to release the full report from the study it commissioned on the impact of the planned public housing in Tengah, given that it would allay the fears and concerns of…

Why are SP Group’s rates higher than retailers’?

I have a seemingly simple question that has yet to receive a satisfactory answer from the electricity retailers I have asked. Given that electricity retailers are looking to make a profit, have spent a significant amount on marketing…

Fewer mynahs causing disturbance in Potong Pasir, says MP

Potong Pasir residents who have had their beauty sleep disrupted by the cacophony of mynahs squawking can rest more soundly now. The number of Javan mynahs has dwindled from 2,800 as of the end of Dec to about…

S’pore eyes growth in urban farming, aquaculture tech

Singapore has the “right ingredients” to make it the urban agriculture and aquaculture technology hub in the region, Dr Koh Poh Koon, Senior Minister of State for Trade and Industry, said yesterday. “Where arable land is scarce, innovating…

Savills Singapore to launch business valuation services

Real estate service provider Savills Singapore is set to launch its business valuation service in conjunction with its appointment of seven professionals to create its business valuation and advisory team. The team which will be led by industry…

HDB orders removal of koi tank outside Tampines flat; owner to appeal

The owner of a Tampines flat who had a koi tank built on the steps outside his home will appeal against a request by HDB to have it removed, Tampines Town Council said on Wed. The Tampines St…

Transport workers’ union calls for more full-day bus lanes, bus shelter extensions

NTWU on Wed announced its recommendations to the Land Transport Master Plan 2040, providing its input on the shape of the future of Singapore’s land transport system. Among other things, the union recommended extending bus shelters to tackle…

2019 will be a good year for hospitality, but risks from trade tensions remain: OCBC

OCBC Investment Research is maintaining “overweight” on Singapore’s hospitality sector as it sees value in some of the hospitality REITs under its coverage at their current unit prices. The reiteration of OCBC’s sector weightage follows mixed industry-wide RevPAR…

Singapore home prices expected to show moderate 2% growth in 2019: Fitch

Singapore home prices are expected to show moderate growth of 2% in 2019 and 3% in 2020, according to Fitch Ratings in its 2019 Global Housing and Mortgage Outlook report. Last July, Singapore raised the ABSD as home…

Chip Eng Seng bids $418.8 million for Kampong Java site

The tender for the 125,326 sqft residential site at Kampong Java Road closed on Jan 15, and drew seven bids. The top bid of $418.8 million ($1,192 psf ppr) came from CELH Development, a unit of Chip Eng…

If you can’t beat them, join them: Can rival businesses collaborate for sustainability?

Is it possible to run environmental initiatives that involve your competitors This was the question posed to speakers at an event on waste mgmt on Thurs. The event, Trash or Treasure: What does a zero waste business look…

HDB orders removal of unusual fish tank

A HDB flat owner who converted the doorstep of his property into a fish tank for his koi fish has been asked to remove the unusual structure. The Tampines St 41 resident fitted glass panels to the walls…

Chinatown pig lanterns mocked by netizens to be lit as planned

The pig-themed lanterns in Chinatown will be lit on Jan 20 as planned and will ring in the Year of the Pig, despite criticism from some quarters. The lanterns are in the shape of a family of eight…

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