Daily Archives: March 27, 2019 (27 Articles Found)

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Prices of resale condos in Marine Parade hold steady despite ABSD

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…

5 common misconceptions about FHR home loans in 2019

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…

Elderly man gets stuck on walkway shelter in Bishan after failing to retrieve grandson’s toy plane

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…

URA unveils plan to revitalise Orchard Road, CBD

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…

Two more Jollibee restaurants to open in Singapore in Woodlands and Punggol

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…

Chili’s Singapore closes all outlets

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…

Singapore plans to move facilities underground to free space for housing

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…

Drawing lessons from property cooling measures

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…

Tech for urban farming among R&D focus as Singapore looks to beef up food security

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…

Hyflux says restructuring deal still on despite ‘certain disagreements’ with investor

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…

Property agents group to buy 51% stake in online platform SoReal Prop

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…

Cyclists cheer expansion of paths but call for better safety

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…

Speed-regulating strips up today at Marine Parade roundabout

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…

500 people evacuated after fire breaks out at Grand Hyatt hotel

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…

Land use masterplan: What’s in it for your neighbourhood?

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…

Incentive scheme launched to encourage mixed-use developments in CBD

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…

URA Draft Master Plan: More housing planned for CBD, Marina Bay area

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…

Familiar places made new, greener under URA’s Draft Master Plan

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 Draft Master Plan: Going underground to free up space on the surface

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…

What killed Mandarin Gardens’ $2.9b en bloc deal?

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…

Average Grade A CBD office rents hit a decade high at $10.63 psf in Q1 2019

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…

Luxury co-working spaces on the rise in Singapore

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…

Conservation clause in Golden Mile Complex en bloc a tough sell: analysts

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…

Step up safety measures in public gyms

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.…

Braddell View’s enbloc success may hinge on creative use of site

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…

Two sites launched under industrial GLS for 1H2019

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…

Golden Mile Complex eyes second collective sale at $800 mil

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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