Daily Archives: February 14, 2019 (19 Articles Found)

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Bukit Sembawang’s 3Q earnings treble to $54 mil on higher revenue

Property developer Bukit Sembawang Estates posted $54 million in earnings for the 3Q ended Dec 2018, up more than threefold from its restated 3Q18 earnings of $15.8 million due to a sevenfold y-o-y surge in revenue. Revenue for…

Fire breaks out in Yishun flat, resident taken to hospital for smoke inhalation

A Yishun resident was taken to the hospital for smoke inhalation after a fire broke out in a ninth-floor HDB flat on Thurs morning. SCDF said that it responded to a fire at Blk 221 Yishun St 21…

Sports Hub woes: Sport Singapore getting to nub of the hub

SportSG said yesterday it is working together with SportsHub Pte Ltd (SHPL) to “get to the nub” of issues that have plagued the Sports Hub, as the two parties work towards making the venue one “that all Singaporeans…

Coffee, tea or him? – Why K-pop fans in Singapore are flocking to cafes

With K-pop royalty BTS and Blackpink holding concerts in Singapore this year, it seems like the K-pop craze is far from over. And local fans are finding every opportunity to throw a party to celebrate occasions such as…

Largest Nike Singapore store planned for Jewel Changi Airport

SUTL Corp will open its eighth and largest Nike Singapore store at Jewel Changi Airport in the first half of this year. Located on the second floor, the duplex store will span more than 1000 sqm, and boasts…

Power outages at offices, MRT stations in central Singapore

Electricity supply to some areas in central Singapore was disrupted on Thurs afternoon, with blackouts reported at Bras Basah Complex, Odeon Towers, Carlton Hotel and several MRT stations. The power outage was caused by equipment failure at the…

License of bike-sharing firm ofo in Singapore suspended: LTA

The operating licence of Chinese bike-sharing firm ofo in Singapore was suspended with effect from Thurs and it will be required to remove all bikes from public places within a month. The firm had failed to comply with…

Crocodile spotted at Lower Seletar Reservoir, water and fishing activities suspended: PUB

A crocodile was spotted at Lower Seletar Reservoir on Thurs morning, said PUB in a FB post. The animal was spotted by a PUB contractor, said the agency, which added that it will be working with NParks to…

Will plans to rejuvenate Orchard Road work?

The Government’s recently-announced plans to transform Orchard Road into a green “lifestyle destination” include offering different themed lifestyle experiences and developing a highly walkable green corridor along Singapore’s most famous thoroughfare. While the rejuvenation plans are laudable, we…

1,000 guests, staff evacuated after switch room fire at Carlton Hotel

A “small explosion” and fire broke out in a switch room at the Carlton Hotel in Bras Basah on Thurs afternoon. There were no reported injuries and SCDF is investigating the cause of the fire. A spokeswoman from…

Traffic lights at Newton Circus improve safety but worsen congestion, some drivers say

It is one of the busiest roundabouts in Singapore, and Newton Circus is also one of the few that have signalised traffic lights to manage traffic. But some motorists TODAY spoke to on Wed were not too excited…

New tourist offerings must be unique, too

I beg to differ with some of Mr Chia Eu Foong’s proposals for tourist activities here (Tourism Board should spice up tourist offerings in Singapore, Feb 12). In particular, he had suggested livening up the Mandai area with…

Sentencing framework for PMD offenders likely, says court

The High Court has said a sentencing framework to deal with bicycle and PMD offenders knocking into pedestrian-victims is “likely to be needed” in due course. As such situations require careful consideration of factors like sentencing imperatives, it…

Brokers unanimously bullish on Far East Hospitality Trust after a stellar 4Q

DBS Group Research, CGS-CIMB Securities and Maybank Kim Eng are maintaining their “buy” calls on Far East Hospitality Trust. In a Thurs report, DBS analyst Mervyn Song says FEHT’s latest set of earnings prove that its DPS is…

Nicholas Keong joins Knight Frank Singapore’s IPM team as head of residential

Knight Frank Singapore has appointed Nicholas Keong as the head of residential for its Intl Project Marketing (IPM) team effective 1 Mar, it revealed. He will be responsible for business development, securing new overseas appointments, and formulating strategies…

S-Reits placements, rights hit 8-year high of S$4.3b in 2018

It’s been 21 years since S-Reits were first introduced in the city-state, but the asset class is poised for its next growth phase – one that will etch the Republic’s reputation as a global Reit hub. In an…

ARA sells six levels at Suntec City for about S$160m to Alpha Investment Partners

The wave of office investment sales continues as investors ride on the Singapore office rental recovery story. Two substantial deals involving strata offices were recently sealed – one in Suntec City, and the other at The Octagon in…

Margate Point launches second collective sale attempt

Owners of Margate Point, a 15-unit apartment development off Meyer Road and Mountbatten Road, are attempting a second collective sale. The owners are looking to lower their reserve price to $36.5 million ($1,362 psf ppr), after an earlier…

CBD Grade A office rents surged 14.9% in 2018

Prime office rents in Singapore’s CBD edged up 14.9% in 2018 after a QoQ growth of 2.4% in average CBD Grade A office rents to $9.43 psf pm, Colliers Intl said. The research firm revealed that the growth…

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