Daily Archives: February 15, 2019 (22 Articles Found)

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New home sales down 28.1% in Jan, but expected to rise with more new launches in the coming months

Private residential units sold by developers excluding ECs fell 28.1% m-o-m, from 602 units last Dec to 433 units in Jan, according to URA data released on Feb 15. Meanwhile, 498 new private homes were launched in Jan,…

How much can you save for your retirement if you opt for a 4-room BTO flat instead of a 5-room flat?

Buying a HDB flat is one of the biggest financial commitments that many Singaporeans will make in their lives. A BTO flat is a popular choice for couples looking to get their first home. For applicants who prefer…

9 crucial things Singaporeans keep forgetting about HDB loans

Many Singaporeans don’t bother with the fine details of HDB loans, until it’s too late. Hence, the mad last-minute rush for bank loans (when they don’t qualify), or the sudden panic when the down payment is bigger than…

Various means-testing criteria used for social schemes

We thank Mr Lee Yong Se for his feedback on the means-testing criteria for our social schemes (Relook using property type as yardstick for rebates, Feb 13). Government agencies use a range of information about an individual or…

Could Tengah really be the next Punggol?

If you’re a young couple looking at BTO options, there is little doubt that you would have heard of the new Tengah – Singapore’s first new HDB town in over 20 years since Punggol. Located within the West…

Reform needed in hawker industry

I support opinion editor Chua Mui Hoong’s view that going back to basics is the right approach to preserve and enhance hawker culture (Put hawkers first in the #OurHawkerCulture debate, Feb 3). The new road map for hawker…

Cisco launches first ASEAN co-innovation and cybersecurity centres in Singapore

On 15 Feb 2019, Cisco officially launched its Innovation Centre and Cybersecurity Centre of Excellence in Singapore at its brand new office space located at Mapletree Business City. The two centres are designed to catalyse digital innovation and…

Developer sales fell 17.8% to 433 units in January

Developer sales momentum weakened leading up to Chinese New Year, dropping 17.8% YoY to 433 units in Jan compared to the 527 units sold in 2017, according to URA. Of the 434, one was an EC units whilst…

Confident of demand, more firms looking to offer shared e-scooter and PMD services

Since it rolled out its e-scooters in Singapore in Nov last year, American e-scooter company Lime has seen the number of trips taken daily on its bright green wheelers increase by three fold. Homegrown start-up Telepod also saw…

I was not speaking out against animals and activists: Lee Bee Wah responds to criticism of speech

MP Lee Bee Wah on Thurs responded to criticism over a speech she gave in Parliament this week addressing animal mgmt in HDB estates. “I have been given feedback that some animal lovers and activists may have misunderstood…

Transport Masterplan 2040: 9 recommendations for faster, safer, more inclusive transport system

An advisory panel tasked to look into Singapore’s transport master plan for 2040 submitted nine recommendations for an inclusive, well-connected and fast transport system to the Government on Fri. They fall under three key areas namely 20-minute towns…

Singapore and Japan to drive hotel investment growth in Asia

Singapore hotels are expected to attract robust interest this year, with investors anticipated to purchase more of such properties, according to JLL’s Hotel Investment Outlook 2019. “Building on 2018, investment momentum is expected to accelerate as investors look…

WeWork rebrands to The We Company, moves beyond space provision

In Jan, the world’s largest co-working space provider WeWork announced that it is rebranding itself as The We Company. Under this new name, the company will expand into other areas, and will comprise three business units – WeWork,…

Ground-floor unit at Kovan Residences selling for $1.78 mil

A three-bedroom unit on the ground floor of Kovan Residences will be put up for auction for the second time by PropNex Realty on Feb 27. The 1,701 sqft unit is an owner’s sale, and was first put…

Cento Ventures’ new fund to tap growing proptech sector

Every week, Pauline Chong, principal at Cento Ventures, looks at some 10 different proptech companies for consideration for inclusion in the early-stage investor’s new $50 million proptech fund. Given the breadth of the scope, Cento has narrowed its…

Property wishlist for Budget 2019

Property market watchers are looking forward to Singapore’s 2019 Budget, which is set to be delivered by Finance Minister Heng Swee Keat on Mon. In last year’s budget, the government introduced several measures, including higher subsidies for HDB…

Nyon condo preview includes heritage tour

Homegrown developer Aurum Land has come up with a unique way to attract home buyers to the upcoming preview of its Nyon condominium in Katong, which starts on Sat. It plans to offer side-car tours to visitors from…

The Florence Residences to benefit from new MRT stations

Hong Kong-listed Logan Property is set to preview The Florence Residences on Sat. Located in the Kovan area in District 19, the new condominium is just a short walk from the existing Hougang MRT station on the NEL.…

RB Capital said to be in exclusive due diligence on Andaz hotel at Duo

RB Capital is understood to be conducting exclusive due diligence for Andaz Singapore at the Duo project with a view to buy the 342 room hotel. The hotel occupies the upper levels of the 39-storey tower in the…

Six strata offices at International Plaza up for sale

Six adjoining strata offices at Intl Plaza are up for sale via private treaty, at a guide price of $11.968 million. This translates to $1,850 psf based on the floor area, according to Colliers Intl. At this price,…

Report on toxic brine from desalination should spur industry to act on standards

Desalination has been held up as the hope of water-starved nations such as Singapore. Desalination is Singapore’s prized fourth “national tap”. According to PUB, the city state is set to have five desalination plants by 2020, and desalinated…

Singapore Airlines launches digital lab as competition takes off

Singapore Airlines has opened a digital innovation lab to tap VR and other technologies to better serve its customers, as it seeks to differentiate itself from the many budget carriers sprouting up across Asia. The lab is located…

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