Daily Archives: March 27, 2019 (27 Articles Found)
Prices of resale condos in Marine Parade continue to hold steady despite higher ABSD rates from last year’s property cooling measures. This can be observed in the continuous uptrend of average transacted prices for non-landed private residential properties…
Fixed-Deposit Home Rate (FHR) loans have overtaken the traditional SIBOR loan. Some of this though, is due to aggressive promotion by brokers and banks. This has resulted in some common misconceptions we’d better address. 1. FHR loans are…
In an attempt to retrieve his grandson’s toy plane, an elderly man found himself stuck on a walkway shelter at Blk 109 Bishan St 12 on Tues afternoon. Stomp contributor Wahidah, the man’s neighbour said, “The man’s grandson…
Shoppers in Orchard Road may one day find themselves in a lush urban corridor that connects to the Singapore Botanic Gardens and Fort Canning Park, according to plans to rejuvenate the central area. URA’s Draft Master Plan, which…
Expect to see two more Jollibee outlets in Singapore soon at Woodlands MRT station and Waterway Point in Punggol. The Philippine fast-food giant popular for its fried chicken on Wed announced that they were looking to hire full-time…
American grill & bar Chili’s Singapore has quietly closed all three remaining outlets in the city. “As of 24th Mar, we have closed all of our restaurants in Singapore. It’s been a wonderful 10 years serving our loyal…
The garden city of Singapore wants to be even more green. It also wants more homes in its CBD, and plans to move facilities underground to free up living space. As part of the plan to rejuvenate Singapore’s…
There are recent calls for the Government to review the ABSD and some of the property cooling measures that came into effect last July — by PropNex this month and Redas last month. There are valid observations from…
As part of his job, Liew Woei Chang keeps a close eye on hundreds of tilapia fish daily. In fact, the tilapia that he monitors possess quite an atypical trait. A freshwater fish, tilapias tend to grow slower…
Despite recent disagreements, Hyflux’s potential white knight has not indicated that it would back out of a proposed investment in the embattled water treatment firm. This means that the restructuring agreement between both parties “remains in force”, Hyflux…
SEAA will buy a 51% stake in SoReal Prop, an online property platform jointly founded by ERA, Huttons Asia, and PropNex. In initiating this acquisition, SEAA seeks to strengthen its offerings to nearly 4,700 real estate agency and…
The cycling community welcomed the planned expansion of Singapore’s cycling paths, though some said more could be done to make paths here safer for all. Government Parliamentary Committee for Transport chairman Sitoh Yih Pin said LTA must ensure…
Work to install speed-regulating strips at a Marine Parade roundabout – where a fatal accident took place last week – began late last night and is expected to be completed this morning. Mr Lim Biow Chuan, the MP…
About 500 people were evacuated from the Grand Hyatt hotel on Scotts Road on Wed morning after a fire broke out in the building. SCDF said in a FB post that its officers responded to the incident at…
Over the next decade or so, Singapore is embarking on an ambitious plan to rejuvenate its neighbourhoods while preserving its heritage, nurture lush greens amid an urban landscape and develop business and community infrastructure islandwide so that everyone…
An incentive scheme will be rolled out to encourage building owners to convert existing office developments in the CBD to mixed-use developments, as part of plans to rejuvenate the city centre. The CBD Incentive Scheme was announced on…
More homes will be built in CBD and Marina Bay area, URA said on Wed. Under its Draft Master Plan 2019, which includes plans to rejuvenate the central area, URA said it will increase housing in sites such…
Places that Singaporeans find familiar such as Orchard Road, mature towns and major recreational corridors will be rejuvenated, said URA on Wed. The areas to be rejuvenated include mature towns such as Farrer Park and Dakota Crescent, and…
URA is using special 3D technology to study the underground as a strategic resource, it said on Wed at the launch of its Draft Master Plan 2019. The Master Plan is a blueprint that guides Singapore’s development over…
Size and requirement woes plagued what could have been the largest en bloc deal in Singapore’s history. Despite an asking price of $2.9b, currently the highest land value in Singapore’s en bloc sale history, Mandarin Gardens’ en bloc…
Singapore’s office property market started the year on strong footing with the Q1 2019 CBD Grade A rents nudging past the recent peak to hit a decade high of $10.63 psf per month, JLL’s preliminary estimates showed. The…
Stepping into The Work Project’s co-working spaces, the experience is more akin to checking into a high-end hotel rather than clocking in a bustling open-space office. Gone are the bean bags and game rooms, trappings meant to attract…
The iconic Golden Mile Complex on Beach Road has been relaunched for sale, two months after its first tender closed without a buyer, but with the terms unchanged, analysts say it will continue to be a tough proposition…
I am 69 and have been working out regularly at Tampines ActiveSG Gym, managed by SportSG, for 20 years. Last week, the cable suddenly snapped while I was using the Low Row Machine, causing me to fall backwards.…
Belatedly or not, a behemoth has lumbered its way into Singapore’s waning en bloc property market. The gargantuan land parcel could in fact allow for ambitious tie-ups between developers and other firms, if they use their imaginations. The…
JTC launched two sites on Tues, under the IGLS Programme for the first half of 2019. One of the sites for tender is a 20-year leasehold, 1.24ha parcel at Jalan Papan (Plot 2) near Jalan Ahmad Ibrahim, and…
The iconic Golden Mile Complex is up for its second collective sale attempt, with the reserve price kept at $800 million, said ET&Co. It was first put up on the market on Oct 30 last year. With a…
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