Daily Archives: February 19, 2019 (12 Articles Found)

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Singapore, Malaysia met in December for water talks but discussions ‘overshadowed by new issues’: MFA

The AGs of Singapore and Malaysia met in Dec last year for water talks, but the discussions were “overshadowed” by new maritime and airspace issues, said a spokesperson from MFA on Tues. MFA’s comments were made in response…

Review property cooling measures to avoid ‘land grab’ situation: REDAS

REDAS is seeking a reprieve on the ABSD rates to avoid the “land grab” situation in the last two years. Its president Chia Ngiang Hong said this on Tues at a REDAS Chinese New Year event where Finance…

Unsold residential units doubled to over 34,000 in 2018

The number of unsold residential units nearly doubled to 34,467 in 2018 as Singapore’s home supply pipeline builds up from the number of en-bloc sales according to List SIR. Nearly half (44%) of the unsold units last year…

Boustead Projects unit awarded $70 mil contract for high-tech manufacturing facility

Boustead Projects says its wholly-owned design-and-build subsidiary, Boustead Projects E&C, has won a contract worth over $70 million. Under the contract, Boustead Projects E&C will design and build an integrated advanced high-tech manufacturing facility in Singapore. With a…

How to decide which apartment floor is best for you

Whether choosing between two resale apartment units or selecting the best, available unit – many property buyers and investors face a dilemma deciding whether to aim high or go low – in terms of high or low floor…

Applications for Feb BTO exercise exceed supply by 3.7 times

Applications for the BTO flats in the HDB Feb exercise hit 14,751, or 4.7 times the supply. Under the exercise, 3,162 BTO units and 577 ROF units were launched for sale. Flats in Kallang/Whampoa were the most popular.…

CBRE unveils leadership changes for Southeast Asia

CBRE has announced three leadership changes for SEA. Pauline Goh, CEO of CBRE Singapore and SEA since July 2010, will take up the role of chairman for SEA. The new role will be focused on growing strategic client…

Freehold industrial building in MacPherson for sale at $15.9 mil

A freehold industrial building, at 14 Genting Road in MacPherson, is up for sale at $15.9 million ($938.44 psf ppr). The five-storey industrial building occupies a site of 5,758 sqft, with a GFA of around 16,943 sqft. It…

930,000 HDB households to get S&CC rebates this year

Around 930,000 qualified Singaporean households living in HDB flats can look forward to receiving S&CC rebates this year, according to Finance Minister Heng Swee Keat when announcing the 2019 Budget on Mon. He said the Singapore government plans…

A competitive Smart Nation through a strong and united Singapore

Budget 2019 offers a commendably strategic vision to build “a strong, united Singapore”. This vision is consistent with the country’s goal to be competitive, and to be a smart nation. Unlike most other countries, Singapore can marshal a…

Surplus instead of deficit for FY18; suspension of HSR, higher stamp duties cited

Singapore is expected to register a budget surplus of S$2.12 billion for FY18, equal to 0.4 per cent of GDP, instead of a small overall deficit of S$0.6 billion as estimated a year ago. The surplus for the…

3 land parcels awarded under new tender mode

Three land parcels have been awarded for agriculture on 20-year leases at Sungei Tengah near Choa Chu Kang through a new tender process, which first looks at quality, then price. One parcel was for food farming. The 11,900…

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