Daily Archives: February 18, 2019 (18 Articles Found)

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Dovish Fed, stable rates continue to buoy REITs as office space fundamentals improve

The “less hawkish, more dovish” US Fed statements since Dec are likely to limit the upside for the US dollar. How does this affect the local real estate investment trust sector? Lower interest rates and easy money are…

How Singapore budget 2019 could impact property and home ownership

While this isn’t a comprehensive analysis, here’s a quick snapshot of how Budget 2019 could impact Singapore’s property and home ownership. 1. A lower Dependency Ratio Ceiling (DRC) could mean fewer tenants. Note that Pass holders make up…

Geylang fatal fire: Landlord, 2 others jailed for housing 22 foreign workers in shophouse

The landlord and two tenants whose setting up of an illegal workers’ dormitory in Geylang contributed to a fatal fire five years ago were sentenced to jail and fined on Mon. Four foreign workers died in the fire…

Feedback on cat-related nuisance rose in 2018: Lawrence Wong

There were around 4,500 cases of feedback about cat-related nuisance across Singapore last year, an increase from the number in 2016 when AVA started tracking such feedback. Sharing figures in a written parliamentary reply on Mon, MND Minister…

No claims to be made on security deposit, licence fees paid by bike-sharing operators: Lam Pin Min

Creditors of bike-sharing operators will not be allowed to make any claims on the security deposit and licence fees paid by those companies to LTA, said Senior Minister of State for Transport Lam Pin Min in Parliament on…

Ikan datang: Singapore-developed breed of sea bass to make a splash

A premium breed of sea bass could soon make its way to the table at homes and in eateries with the help of local aquaculture start-up Allegro Aqua. Unlike other fish in the market, the St John’s sea…

Budget 2019: Total infrastructure bill to rise as S’pore fights climate change and rising sea levels

The Government will be investing more “to protect Singapore against climate change and rising sea levels”, Finance Minister Heng Swee Keat said, stressing the urgency for Singapore to plan for climate change beyond the next decade. While it…

Budget 2019: Govt to fund large projects through borrowing, using taxes for recurrent needs

Announcing that the Government will provide a guarantee for loans to fund the development of Changi East, Finance Minister Heng Swee Keat said in his Budget speech that borrowing in a responsible and sustainable manner will help instil…

Wild boar spotted again at Choa Chu Kang housing estate

A wild boar was spotted roaming near HDB flats in Choa Chu Kang on Mon morning. Acres deputy CEO Anbarasi Boopal told ST on Mon that the wild boar had been spotted in the area in recent months.…

Starbucks Singapore opens at The Poiz Centre

Starbucks Singapore has opened a minimalist store at The Poiz Centre. Just steps away from Potong Pasir MRT and the quiet neighbourhood, the new store uses black and white as background colours. Centrestage in the store’s design is…

Public signs that don’t carry all four official languages fuel concerns for cultural diversity

Nearly a decade ago, blogger Benjamin “Mr Miyagi” Lee heard about how Changi Airport, as well as other public agencies, had omitted Tamil on its directional signage, though the signs bore Singapore’s three other official languages, and even…

Make ‘no-fault’ insurance a must for PMD-sharing firms

Although LTA has laid out measures to make PMD riding safer, such as imposing a speed limit for e-scooters, accidents involving PMDs are inevitable. When accidents occur, it can be very tedious and costly for victims to seek…

Rail reliability: Who pays and when?

Transport Minister Khaw Boon Wan told Parliament last week that bringing Singapore’s rail network back to reliability has taken a financial toll on operators. The revelation raises questions about the long-term sustainability of the rail system, and what…

Trophy homes with a view

South Beach Residences previewed on Sept 8, timed to coincide with the Singapore Grand Prix 2018 the following weekend. Within a fortnight, more than 20 units were sold, including the 6,728 sqft, super penthouse that fetched $26 million…

Demand for new launches still going strong

Chalking up the majority of the sales from Jan 22 to Feb 4 are three projects that were launched last year. Taking the crown is MCL Land’s 1,399-unit Parc Esta, which dominated with 92 transactions, according to caveats…

Global Premium Hotels puts 23 hotels on market at S$1.4b

A portfolio of 23 hotels, mostly under the Fragrance brand, is up for sale by Global Premium Hotels (GPH) at an indicative price of S$1.4 billion. They have been on the market since the second half of last…

Singaporeans are loving the luxury homes foreigners can’t buy

Some of Singapore’s most desirable houses come with a catch: only locals can own them. That foreign buyers – notably from China – who for years helped drive demand for luxury homes, can’t buy these dwellings, hasn’t dented…

Start-ups enjoy lower rents at new-generation neighbourhood centre

After two years of selling women’s clothing online through their business Mini House, Mr Adrian Tan, 38, and his wife seized the chance to open a physical store when they landed a good deal on the rent at…

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