Daily Archives: March 1, 2019 (26 Articles Found)

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Development charges for hotel use jump 45.6%

Freehold condominiums in Singapore – why freehold is not as great as it seems

Singaporeans get traditional when it comes to property. We want the land we pay for, and 99 years won’t cut it. We want our descendants holding on to it. But freehold property is a monstrous cost; and are…

Don’t buy a house without an Approval in Principle (AIP) for your home loan

Every year, a handful of would-be home owners make their decision to lose (1) a lot of money, or (2) the house that they need. That’s right, I’m talking about people who try to buy a house without…

From a one-man hawker stall, this S’porean built an F&B empire by serving affordable western food

On days when we want to eat high SES food but have a low SES budget to adhere to, Astons is typically a go-to dining option among Singaporeans. At Astons, you can tuck into a Prime Sirloin or…

Johor has plans to become self-sufficient for treated water

The state government has plans to be self-sufficient without the need to purchase treated water from Singapore. Johor Mentri Besar Datuk Osman Sapian said the state had its own plans, which would be finalised soon. We have a…

Singapore tops global ranking for order and security

Singapore continues to rank world No. 1 in the area of order and security, according to the 2019 Rule of Law Index compiled by the World Justice Project (WJP), an independent advocacy group based in US. Order and…

5 Instagrammable spots at Haw Par Villa I walked through hell for

Planning one hell of a date? If you’re a couple that will do anything for the ‘gram, then ‘hell’ might really be the right place for you and your significant other. Conveniently accessible via MRT and bus, the…

New stores boost sales for Sheng Siong Group

Singapore supermarket chain Sheng Siong Group has reported a 1.4 per cent year-on-year rise in net profit to S$70.5 million for 2018. Government statistics show sales in supermarkets across the city state shrank during the year, but Sheng…

Kate Spade pop up planned for Ion Orchard

A Kate Spade pop-up planned for Ion Orchard this month will mark a world first. Open from Mar 11 to 24, the 12 sqm space features Kate Spade’s ready-to-wear collection, as well as an assortment of bags, small…

Development charges for hotel use jump 45.6%

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Amid waning interest in private residential developments sites following last July’s cooling measures, DC rates for non-landed residential use have been lowered for the first time in three years. In contrast, DC rates for hotel and commercial use…

Oxley confident of repaying S$1.6b debt due in next three years

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Oxley Holdings’ executive chairman and CEO Ching Chiat Kwong is confident that the property developer can pay off its S$1.6 billion in debt due in the next three years through the sale of its completed projects, local and…

Retail investment sales crashed 43.3% to $1.42b in 2018

Total retail investment sales in H2 2018 jumped 73.2% from H1 2018 to reach $897.8m, bringing the full-year transactions to $1.42b, down from a robust 2017 which was boosted by the $2.2b Jurong Point sale in Q2 2017,…

Industrial leases leaped 14.6% to 10,473 in 2018

2018 saw industrial leasing records jump 14.6% YoY to 10,473 which is the highest annual volume since the start of the database in 2000 as full-year net new demand outpaced net new supply for the first time since…

Cenotaph needs sprucing up

The comment by civil servant Jane Tan on the four young men who were posing on top of The Cenotaph in Esplanade Park did not surprise me. Indeed, the Cenotaph looks somewhat nondescript and even shabby with its…

Enforce mandatory sound generation for electric vehicles

With the advent of electric vehicles, motors have become increasingly silent, posing a risk to pedestrians and road users. Studies have shown that elderly people are at risk on the road as they may not be able to…

Review PMD-sharing applications thoroughly

I hope LTA will thoroughly review the applications of those applying for the device-sharing licence before granting them (14 companies in the running for PMD-sharing licence, Feb 13). There have been countless violations of traffic rules, accidents and…

‘No-fault’ insurance for PMD users a step too far

In a recent letter, Mr Andrew Seow Chwee Guan suggested that a “no-fault” insurance system would provide a possible solution to the problems associated with pedestrians injured by errant PMD users. Requiring PMD users to purchase insurance against…

Guidelines to set standards of care in assisted living facilities launched

Poor nutrition, inadequately trained staff, substandard hygiene and poorly maintained facilities. These are among the issues common in assisted living facilities in US that prompted Dr Belinda Wee, who is with HCA Hospice Care, to help create standards…

Ex-property agent jailed for defrauding clients and cheating own family in kidnapping scam

To earn a quick buck, a property agent defrauded his clients through a range of methods such as forging their signatures on tenancy agreements and ensuring that the rent they paid was transferred to his own bank account.…

‘Critical’ fire safety upgrades required for selected older buildings, hospitals: Sun Xueling

MHA will be amending the Fire Safety Act, requiring owners of selected older buildings to put in place critical fire safety upgrades, Senior Parliamentary Secretary for Home Affairs Sun Xueling said in Parliament on Fri. This is to…

Singapore committed to resolving bilateral issues with Malaysia in ‘amicable and constructive manner’

Singapore is committed to resolving the ongoing bilateral issues with Malaysia in an “amicable and constructive manner”, and in strict accordance with bilateral agreements and intl law, Foreign Affairs Minister Vivian Balakrishnan said on Fri. Dr Balakrishnan provided…

Mahathir’s comments on ‘morally wrong’ water deal a ‘red herring’, says Vivian Balakrishnan

Malaysian PM Mahathir Mohamad’s comments on his country’s “morally wrong” water deal with Singapore are a “red herring”, said Foreign Affairs Minister Vivian Balakrishnan in Parliament on Fri. Dr Balakrishnan was responding to a query from MP Vikram…

Sports Hub unveils eSports facility to help athletes train for tournaments

Full-time eSports athlete Joseph Yeo used to be frustrated by the distractions of gaming at home. He also did not have teammates to help him improve while playing his FIFA19 matches. Now, the 26-year-old Team Flash member can…

Finding open-air public parking to get easier

Finding open-air public parking will soon get easier for drivers here, with an upcoming digital service that will let them check the availability of spaces before reaching a parking lot. The service is one of several new initiatives…

5 recommendations by Maybank as the S-REIT space eases into recovery mode

Maybank Kim Eng is remaining “positive” on the Singapore REIT space as it believes sector valuations will remain supported by recovering DPUs, especially for hospitality; increased traction of capital recycling initiatives and acquisition momentum; and a backdrop of…

Mortgagee sale of semi-detached house off Holland Road for $6.38 mil

A semi-detached house on Jalan Jelita, off Holland Road, will be up for auction by ET&Co on Mar 27. A mortgagee sale, it will be the third time that the house will be put under the hammer. The…

Pair of shophouses on South Bridge Road for sale at $15.5 mil

A pair of adjacent shophouses at 277 and 279 South Bridge Road has been put up for sale with a price tag of $15.5 million. The three-storey shophouses have a total GFA of 6,861 sqft. They both have…

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