Daily Archives: February 13, 2019 (23 Articles Found)

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Frasers Hospitality’s chief Choe Peng Sum to retire

After over 20 years at the helm of Frasers Hospitality, Choe Peng Sum, 58, will retire on Fri as CEO. He will take up the role of senior adviser to Frasers Property from this weekend. The recruitment of…

As train reliability improves, focus shifts to reviewing financing model and mounting costs

Now that train reliability has improved, Transport Minister Khaw Boon Wan says he has more breathing space and time to focus on a new issue — how to finance the heavy cost of maintaining Singapore’s public transport system.…

Have BTOs killed the marriage proposal?

It may seem thoroughly unromantic, but everybody knows that Singapore’s version of “Will you marry me?” is, “Want to apply for BTO together?” It goes without saying that the growing appetite for housing has prompted many Singaporeans to…

Bus and train ridership up, taxi rides down

Public transport patronage rose to hit another record high in 2018, with a total of 7.54 million taking buses or trains a day, or 3.8 per cent more than in 2017. It was the 14th consecutive annual increase…

BTO flats in Sengkang and Kallang/Whampoa could be more popular

HDB has launched for sale 3,739 flats, which include 3,162 BTO units and 577 ROF units across various estates, under the latest BTO and ROF exercise for Feb. “Flats in Sengkang and Kallang/Whampoa could be more popular, with…

Vibrant to enter S$227.5m sale and leaseback deal for Jurong Island property

Vibrant Group’s 51 per cent owned subsidiary, LTH Logistics, has entered a conditional put and call option agreement with SGRE Banyan for the proposed sale and leaseback of a Jurong Island property, and related mechanical and electrical equipment,…

Singapore is Asia’s most ready nation for autonomous vehicle adoption

Singapore continues to remain at No.1 in Asia in terms of readiness to embrace AVs and second in the world after the Netherlands, unchanged from a year ago. This is according to KPMG’s 2019 Autonomous Vehicles Readiness Index…

Commuter satisfaction in public transport highest in more than a decade: PTC survey

Commuter satisfaction levels with public transport improved in 2018, according to the results of a survey released by PTC on Wed. The annual Public Transport Customer Satisfaction Survey (PTCSS), which was conducted in Oct last year, showed the…

Private condo rents up 1.9% in January

Rental rates for private condominiums in Singapore rose 1.9% MoM and YoY in Jan, SRX Property revealed. Rates in the rest of the central region saw the highest rental increase of 2.3% MoM. Meanwhile, rents in the other…

HDB rents grew 0.3% in January

Rents for HDB flats saw a flattish growth of 0.3% MoM and YoY in Jan, SRX Property revealed. HDB 5-rooms led the rent hikes as rates rose 1.2% MoM. The firm noted that HDB 4-Rooms (0.3%) and HDB…

Private home prices rose 7.9% in 2018 despite property curbs

Private home prices edged up 7.9% in 2018 despite the new cooling measures introduced by the government in July, according to OrangeTee & Tie’s Private Residential market report for Q4 2018. Prices were observed to have risen across…

Old HDB flats weather depreciation better than condos: NUS study

HDB flats above 30 years are able to withstand against ageing effects and depreciate less compared to private non-landed housing, according to a study by NUS. The study, which looked at the depreciation rates of resale houses from…

Property investment sales dropped 6.2% in 2018

Retail investment sales slipped by 6.2% YoY from $32.2b to $30.2b in 2018 as sales in retail, office and industrial sectors declined. According to an ET&Co report, residential investment sales still account for most of the overall real…

After 3 years, Michelin-starred modern Australian restaurant Cheek By Jowl will shutter on Feb 28

Another Michelin name bites the dust — this time, it’s three-year-old Cheek By Jowl on Boon Tat St. The modern Australian resto, which received one Michelin star each in the Singapore guides for 2017 and 2018, will serve…

Private industrial stock to decline significantly from 2020 to 2022

Around 22.2 million sqft of private industrial space is forecasted to enter the market by Q4 2018 to 2022, according to an ET&Co report. For the first nine months of 2018, about 4.81 million sqft were completed, and…

Relook using property type as yardstick for rebates

With the upcoming Budget 2019, I urge the Government to relook the criteria for citizens to receive rebates and handouts. Currently, the Government uses a person’s residence as a yardstick to determine whether the citizen is eligible for…

Bike-parking information available on multiple platforms

We thank Mr Rahul Gupta for his letter (Where are the bike parking zones?; Feb 1). To locate the nearest public bicycle facilities, users can access maps provided under the “Bicycle Parking” function on LTA’s MyTransport.SG mobile application…

When history leaps from textbooks onto our streets and into our lives

Since taking office in Parliament just over a year ago, I’ve been jogging along the Singapore River whenever I can, familiarising myself with the sights. Then in Jan this year, I noticed how the lone statue of Sir…

Infrastructure players look for another Budget boost

An import-export bank for Singapore in the next Budget? Yes, please. That is one Budget request from mainboard-listed Boustead Singapore – which would like a national infrastructure bank or import-export bank to add to local lenders’ project finance…

Sports Hub has fallen short of its promises

Already, three CEOs – Philippe Collin-Delavaud, Manu Sawhney and Oon Jin Teik – have helmed the $1.33 billion Sports Hub since 2010, and the 35-hectare facility continues to struggle to become the beating heart of sports and entertainment…

Singapore Food Agency to turn Singapore into an agri-food hub: Masagos

The establishment of the Singapore Food Agency (SFA) will write the next chapter of Singapore’s food story, MEWR Minister Masagos Zulkifli told Parliament yesterday. Beyond securing and ensuring a supply of safe food for Singaporeans, SFA, which will…

More than 600 people caught riding PMDs on roads last year

Last year, 616 people were caught riding PMDs on roads, Senior Minister of State for Transport Lam Pin Min told Parliament yesterday. Of these, 18 per cent were caught riding PMDs on minor roads in private landed estates,…

14 companies apply for PMD-sharing licences

Fourteen companies have applied to operate PMD sharing services under LTA’s device-sharing licence. The application period for the licence, which opened early Jan, closed on Mon. The 14 firms vying for the LTA licence include existing players, such…

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