Daily Archives: February 25, 2019 (24 Articles Found)

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60 projects to boost home sales in 2019

After cooling measures spurred a bleak home buy and sell season in 2018, the spring of 2019 is expected to bring in robust home sales (landed and non-landed excluding ECs) that could hit 19,000 to 22,000 units this…

CDL’s unsold inventory hits 449 units worth $4.4b in 2018

City Developments (CDL) reportedly has the largest share of unsold inventory in the market at 449 unsold units amidst a slowdown in residential sales momentum which fell 5% YoY to 1,113 units in 2018, according to report by…

Singapore is the fifth preferred destination for Chinese property investment in 2018

Chinese investors continued to pool money into Singapore real estate after recording US$650m in acquisitions across four deals in 2018, according to a report from C&W. This puts Singapore as the fifth preferred overseas destination for Chinese real…

Centurion and Sunseap ink 20-year solar power agreement

Centurion Corp and Sunseap Group have signed a 20-year solar power purchase agreement for a workers dormitory in Singapore. The dormitory – ASPRI-Westlite Papan – is located at Jalan Papan. Under the agreement, Sunseap will be constructing and…

Propnex announces new HDB auction

PropNex unveiled a new platform called the HDB Auction earlier today. This will be the first time HDB flats can be bought and sold via an auction system, which was previously reserved for private and commercial properties. This…

HDB paid $2,000 psm for land for public housing in mature estates

MND Minister in responding to a parliamentary question by a WP member, has revealed that the HDB paid $2,000 psm for land for public housing in mature estates. The Minister was responding to WP MP Muhamad Faisal Abdul…

Old Jurong Fire Station’s iconic hose tower to be integrated with an upcoming HDB estate

A mainstay along Boon Lay Drive since 1976, the seven-story hose tower of the former Jurong Fire Station will not be demolished to make way for future residential developments. Instead, the tower will actually be a part of…

Renewing public housing estates in a fiscally sustainable way

Since the announcement of the Vers last year, there has been public interest in its design and implementation. This complex long-term undertaking requires significant public resources, and we should take time to carefully work through the details to…

Haw Par Villa to reopen on Mar 1

Haw Par Villa will reopen on Fri, the Singapore Tourism Board said on Mon. The cultural theme park, formerly called Tiger Balm Gardens, was temporarily closed for repairs for three months from Dec 1, 2018. It is best…

Hotspot in Johor could bring ‘slightly hazy’ conditions to Singapore: NEA

A hotspot in southern Johor could bring “slightly hazy” conditions to Singapore if the winds change, said NEA on Mon. The hotspot was detected about 30km to the east of Singapore, NEA said. “Prevailing winds over Singapore have…

Here’s a look at PERSOLKELLY’s 12,000 sqft regional HQ on Robinson Road

Recruitment firm PERSOLKELLY relocated its new regional headquarters from Battery Road to Robinson Road in the heart of Singapore’s CBD to facilitate closer and deeper collaboration between its teams and departments, some of which are situated in the…

Study finds younger Singaporeans are less worried about saving water – this is why they need to be more concerned

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According to a small-scale study, households with non-adult children are not as concerned about running out of water when compared to older generation Singaporeans. In a qualitative study by PUB and government feedback unit Reach, younger Singaporeans and…

The transformation of Bukit Batok

Located in District 23 of Western Singapore and spanning 1,104 hectares, Bukit Batok is bounded by four major roads: Chua Chu Kang Road to the north; PIE to the south; Old Jurong Road to the east and Bukit…

The real crazy rich Asian palace is worth a cool $3.5 billion

In the heart of Singapore, one of the most expensive cities in the world, there’s a sprawling, vacant plot of private land 30 times the size of The White House. Just down the road from the US embassy…

Peace Centre/Peace Mansion up for collective sale again

Owners of Peace Centre/Peace Mansion (PCPM), at Sophia Road, have put up the property for sale at a reserve price of $688 million, or $1,474 psf ppr. This marks its fifth attempt at a collective sale. PCPM occupies…

En bloc beneficiaries stir resale market in prime districts

From caveats lodged, the last unit sold at The Grange on Grange Garden was in Dec 2017, when a 2,282 sqft, four-bedroom unit on the 16th floor fetched $5.98 million ($2,621 psf). However, Jason Tan, executive director of…

S-Reits stand to gain this year as markets turn in their favour

S-Reits could soon spring back to life spurred by more new listings and acquisitions amid dovish signals from the US Fed, global macro uncertainties and aversion to risky assets. These factors in turn, could make it ripe for…

F&B industry fears looming ‘correction’

Cuts to the services sector’s foreign worker quotas may be the latest blow to F&B services industry, which has come under pressure on various fronts. While labour costs are a traditional bugbear, price competition is also a concern…

Varsity business courses should include sustainability studies: Experts

Business leaders need a heart for the planet and a head that can achieve growth while balancing the needs of the environment. To achieve this, experts say universities should push for business courses to include modules on sustainability,…

Singapore’s largest nightclub Marquee to open at Marina Bay Sands in April

The nightlife scene here is about to get a big boost with the Republic’s largest nightclub, Marquee Singapore, opening its doors on Apr 12 at The Shoppes at MBS. Coming in at 2,300 sqm and spanning across three…

Crack down on vehicles with emission problems

Motorists will occasionally come across vehicles, both Malaysia-and Singapore-registered, that emit thick clouds of black smoke every time they accelerate. The yearly vehicle inspection does check for smoke emission, but this is not frequent enough as the vehicle…

Two Teochew associations feud over Tank Road building

A feud is brewing in the Teochew community that is having its day in court. Two major associations, the Teochew Poit Ip Huay Kuan and Ngee Ann Kongsi, are at loggerheads over the Teochew Building on Tank Road,…

Youths slammed for posing on Cenotaph: Photo of four men standing on war memorial draws flak

A photo circulating online of people striking poses on a war memorial has drawn flak from netizens. The photo, which was uploaded last Mon, showed four young men striking different poses on top of The Cenotaph, in Esplanade…

E-commerce boom reshaping delivery landscape

Missed deliveries, lost packages and delayed shipments are the bane of every online shopper. And these problems could continue, if urgent steps are not taken, warn logistics players. One measure already in the pipeline is a partnership between…

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