Daily Archives: January 25, 2019 (28 Articles Found)

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Retail rents up 1.2% in Q4; vacancy rate climbs to 8.5%: URA

Rents for retail space in the central region of Singapore rose by 1.2 per cent in the fourth quarter of 2018 over the previous three months – contrasting with the drop of 1.2 per cent in the third…

New teleconferencing facility in Alexandra to cater to families of inmates in the central area

During his roughly 30 years spent in and out of prison, one of the biggest regrets former offender Selvarajan Isaac Shadrak had was the effect his imprisonment had on his mother. Without technology like teleconferencing, it would take…

Turning trash into treasure will make for a sustainable world: Masagos Zulkifli

Transforming trash into treasure is the way forward to safeguard the future of Singapore and the region, said MEWR Minister Masagos Zulkifli at a key environmental meeting on Fri. Countries need to embrace a new form of economic…

More can be done to improve safety of crane operations despite fewer dangerous incidents: Zaqy Mohamad

There are fewer dangerous incidents involving cranes but more can be done to improve the safety of crane operations, said Minister of State for Manpower and National Development Zaqy Mohamad. The number of such occurrences has fallen from…

HDB resale numbers highest since 2012, while sales of private homes dive

Transactions of resale HDB flats rose to 23,099 last year — the highest in the last six years and a 4.6 per cent jump from the previous year’s figure of 22,077. In contrast, private home developers sold almost…

Nature parks and reserves to receive boost against climate change

When Rifle Range Nature Park reopens to the public next year, visitors will return to a forest that is more resilient to climate change and caters better to native animals such as the Sunda Pangolin. They will see…

CapitaLand Mall Trust income up after proactive asset management

CMT’s manager, CapitaLand Mall Trust Management (CMTML), says full-year distributable income reach S$410.7 million, up 3.8 per cent year on year. CMTML chairman Richard R Magnus said the results were achieved through “proactive asset and capital mgmt” and…

Cross Island Line: A closer look at the first 12 stations

The first phase of the CRL, Singapore’s eighth MRT line and its longest fully underground line, will open by 2029. For a start, there will be 12 stations – Bright Hill, Teck Ghee, Ang Mo Kio, Tavistock, Serangoon…

The Big Read: Why Singapore has yet to become a cycling paradise — and it’s not just about the heat

Since 2016, Mr Yee Qing Xiang has been cycling from his home in Bedok to his workplace in Kent Ridge about twice a week. It takes him about 75 minutes, compared to 90 minutes by public transport. There…

Under one roof: Three Malay-Muslim institutions to be housed at Wisma Geylang Serai

Malay-Muslims may now get access to help and services offered by three key Malay/Muslim organisations under one roof. The three — the Islamic Religious Council of Singapore (Muis), self-help group Mendaki and People’s Association Malay Activity Executive Committees…

Suspension of Seletar landing system, Malaysia’s Restricted Area over Pasir Gudang to end in Mar: Khaw

Singapore has accepted Malaysia’s counter-proposal to extend until the end of Mar the mutual suspension of Seletar Airport’s ILS and Malaysia’s Restricted Area over Pasir Gudang town in Johor, Transport Minister Khaw Boon Wan said on Fri. Mr…

First phase of Cross Island Line to be completed by 2029

Construction of the first phase of the new CRL, which will have 12 MRT stations starting from the Aviation Park in Changi to Bright Hill in Bishan, is expected to begin next year and completed by 2029. The…

New State Courts to make its mark in Chinatown when completed

The tallest government building in Singapore will rise up in Chinatown at the end of the year, with the project to build the new State Courts towers now moving into its final phase of construction. The final touches…

Can Mapletree Commercial Trust maintain steady DPU as VivoCity ages?

Mapletree Commercial Trust Mgmt’s moves to undertake AEIs to partially future-proof VivoCity against other competing malls and the online realm may boost MCT’s DPU and CAGR to 2% over the coming three years, according to a report by…

Office prices up 2.4% in Q4 2018

Prices of office spaces rose 2.4% QoQ in Q4, 2018, URA revealed. Meanwhile, office rents grew 0.5% QoQ. For the whole of 2018, office prices hiked 5.7% YoY compared to the 2.4% decline in 2017, the agency noted.…

Private home prices dipped 0.1% in Q4: URA

Private home prices dipped 0.1% QoQ in Q4 after increasing 0.5% in the previous quarter, URA revealed. Prices of landed properties slipped 2% in Q4 compared with the 2.3% increase seen in Q3, whilst prices for non-landed properties…

HDB resale prices see 0.2% decline in 4Q2018

HDB’s Resale Price Index experienced a 0.2% decrease q-o-q, from 131.6 points in the third quarter of 2018 to 131.4 points last quarter. For the whole of 2018, the index decreased by 0.9%. The number of resale HDB…

Outlook for S’pore industrial space stable: Analysts

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The latest industrial property market statistics from JTC point to the best annual performance in four years, according to some property consultants who suggest that the segment may have bottomed. However, others expect the current stabilisation phase of…

Glitzy CBD buildings mask rental woes

The plush glass and steel office buildings in the prime CBD might appear gleaming from the outside but landlords are struggling to hold on to their tenants. With ageing buildings and dated amenities, some tenants may be wondering…

Developers get creative to push unsold condos

Buying a condominium may just land the purchaser a car as well, or at least a discount for one. Developers are getting creative in flogging unsold units, with some offering luxury cars in lucky draws and others giving…

Don’t give up on dockless bike sharing just yet

Dockless bike-sharing services run by private firms made their debut in Singapore in Jan 2017. Today, two years later, there has been a shake-up, with a few pulling out of Singapore. Despite this, dockless bike sharing remains a…

Colonisation didn’t crush Singapore’s fighting spirit

Mr Richard Copus rationalised colonisation when he said, among other things, that “Britain has no problems looking up to its former colony as a role model, and surely Singapore likewise should have few qualms about retaining the memory…

Biodiversity built into urban setting

We refer to the letter (Irony of building ‘forest town’ after clearing forests; Jan 16). The Government has taken, and will continue to take, into consideration Singapore’s natural assets and biodiversity in planning for future land use. This…

Measures in place to reduce impact on environment

We refer to the report (Dispute over key findings of Tengah environmental study; Jan 12). HDB is committed to reducing the environmental impact of its development works at Tengah. Even before development started, HDB engaged an independent consultant…

Smart buildings key to saving energy

Imagine arriving at your office building where the door access control agent recognises you and lets you enter without you showing your badge or signing in. The next generation of buildings are not only getting smarter; they offer…

Industrial property rents dipped 0.3% in Q4

The industrial property sector in Singapore remained stable as prices were left unchanged in Q4, according to the latest property market report on the industrial sector from JTC. Prices in both the Central and Northern region saw -1%…

Loke: Malaysia has counter-proposed Singapore with shorter suspension period for ILS

Malaysia has issued a counter-proposal to Singapore to shorten the suspension period of the restricted area over Pasir Gudang and the new landing procedures at Seletar Airport, says Anthony Loke. The Transport Minister said his Singaporean counterpart Khaw…

Singapore is seeing an unprecedented mortgage slowdown

Rising interest rates and the latest round of property curbs have put the brakes on mortgage demand at Singapore’s banks, potentially further dragging down the city’s housing market. Home-loan growth slowed to 1.9 percent in the first 11…

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