Daily Archives: March 29, 2019 (32 Articles Found)

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Tee International bags engineering contracts worth $22m

Tee Intl, together with its subsidiaries, has secured two new engg contracts worth $22 million in total, the engg, infrastructure and real estate group said on Fri during the market’s mid-day trading break. The new contracts include another…

PSA International CEO Tan Chong Meng named new JTC chairman

MTI has appointed Tan Chong Meng as the new chairman of JTC as it announced other changes to the boards of JTC, CCCS and EMA. Mr Tan, who is group CEO of PSA Intl, takes over on Apr…

New maritime heritage trail offers insights into past and present

As visitors stepped into the Fuk Tak Chi Temple, they were greeted by an intricate model of a boat with Chinese characters wishing seafarers a safe journey painted on its sail. Originally a shrine set up by Confucianists…

Mix up islandwide balance of homes and offices

In Germany, clean light industries are distributed among towns and villages. It would be good to have offices in new towns here too and not just concentrated in CBD. They could be clustered around, heartland MRT stations like…

Noise a problem at parks, gyms

A recent report raised the problem of noise pollution causing hearing problems, loss of hearing at certain frequencies and tinnitus, even among the young. Those affected were exposed to loud noises in discos, concerts, construction sites and factories.…

Neighbourhood centre designed to make careful use of water

We refer to Ms Agnes Sng Hwee Lee’s letter (Centre’s water features run contrary to making every drop count, Mar 18). As a master planner and developer of public housing estates, HDB seeks to create a high quality…

7 common misconceptions about using your CPF for housing

These days, CPF may as well stand for Causing Persistent Fights. The only way to make it worse is to discuss how CPF is used for home loans. Here’s some clarity on the common issues: 1) You can…

15% of respondents find Muslims threatening: IPS report

More than 70 per cent of Singaporeans feel that people of different faiths can get along when living close together, but some 15 per cent find Muslims threatening, a report on religion in Singapore has found. Researchers found…

Keppel Electric leads power retail rivals to SP Services

The power play in Singapore’s electricity retail market switched up further last year, with the incumbent SP Services losing more grip over market share, even as stalwart Keppel Electric gained ground to emerge as the largest retailer among…

Different tales for two cities in latest URA tender

The latest state land tender closing has yielded a mixed bag of results for the two 99-year leasehold sites offered. A land parcel along Middle Road in the buzzing Bugis locale, which is slated for residential with commercial…

New CBD options offer flexibility in medium to long-term

City Developments Limited (CDL) and Hong Leong Holdings are among the property players that could benefit from the government’s push to inject greater vibrancy into CBD. CDL’s assets, Fuji Xerox Towers and City House, should qualify for the…

AMP Capital completes sale of AA Reit management rights, stake to AIMS Financial

AMP Capital has completed the sale of its 50 per cent shareholding in the mgmt companies of AIMS AMP Capital Industrial Reit (AA Reit) to its joint venture partner, AIMS Financial Group, it said in a pre-market exchange…

New waterfront lifestyle area to open in Sentosa by end-2019 to draw more visitors at night

A new lifestyle quarter featuring eateries, shops, concert and event spaces, and waterfront accommodation is set to open in Sentosa by the end of the year, as part of plans to increase the resort island’s night offerings. Called…

Study on life of ex-villagers on Southern Islands

Singapore’s young islanders were such good swimmers, they would encourage people to visit the Southern Islands, to throw coins into its waters for them to retrieve. Former St John’s villager Muhamad Akim Giman, 69, said: “We had to…

Total auction sales in Q1 down 42% y-o-y

The property auction market saw a total sales value of $11.57 million in the first three months of this year. This translates into a 42.1% decline y-o-y from $53.84 million in 1Q2018, says ET&Co. The decline could be…

Sea views and serenity at Marine Parade

While Singapore is an island, there are surprisingly few beachfront residential precincts around. Which is why Marine Parade, a quaint coastal town in the East, is such a gem. The first housing estate to be built on reclaimed…

Grab’s new one-north HQ to house its largest R&D centre

Grab and Ascendas REIT broke ground for the former’s new headquarters at one-north business park on Fri morning. The new building will house Grab’s largest R&D centre as well as some 3,000 employees. “Our new headquarters represents our…

Frasers Tower: Beyond a Grade-A office tower

During the peak lunch hours on weekdays, office workers in the CBD now have more dining options. Likewise, when it comes to meeting friends for dinner or drinks in the evenings. These F&B outlets are located in a…

Wing Tai makes $492 mil bid for Middle Road site

The Middle Road GLS site (zoned residential with first-storey commercial) received 10 bids – the highest number of contenders for a residential GLS site since the Mattar Road site (off Aljunied Road) also received 10 bids in May…

Hong Leong Group bids $383.5 mil for Sims Drive site

The GLS tender for Middle Road and Sims Drive closed on Mar 28. There were five bids for the site at Sims Drive. The highest bid of $383.5 million ($732 psf ppr) came from a 60:40 joint venture…

Singapore’s new land-use plan boon for many developers

Singapore will allow owners of older commercial property in CBD to develop larger ones in their place, boosting both valuations and redevelopment projects and refreshing the area. Unlike newer office precincts such as Marina Bay, the older parts…

URA tenders residential-commercial site at Tan Quee Lan Street

URA launched a residential with commercial at first storey site at Tan Quee Lan Street for sale by public tender today under the Confirmed List of the first half 2019 GLS Programme. The site can potentially yield up…

PUB gives Tuaspring 3 more weeks to settle defaults; CEO answers investors’ queries

PUB is giving the operator of Hyflux’s Tuaspring desalination plant three extra weeks to resolve its operational and financial defaults, failing which the agency will move to take over the loss-making facility. On Fri, PUB said that Tuaspring…

Goodbye, Toa Payoh: Creamier thanks the neighbourhood for the memories

Singapore ice cream fans were surprised when Creamier announced on Instagram on Mar 19 that it would be closing its pioneer branch at Toa Payoh by July. But it wasn’t just frozen treats that Creamier brought to this…

Industrial sites in Jalan Papan and Gambas Way up for tender

JTC launched Jalan Papan and Gambas Way sites available for tender under the first half of the 2019 IGLS Programme to offer more choices for industrial development. Jalan Palan has a site area of 1.24ha with a 20-year…

Resale condo prices down 0.5% in February, NUS Index

Resale prices of non-landed private homes in Singapore fell by 0.5 percent in Feb, continuing the revised 0.2 percent decline registered in Jan, revealed latest flash estimates of the NUS SRPI. Excluding small units, prices declined by 1.5…

Over 4 in 5 consumers satisfied with property agent services: poll

Over 4 in 5 or 85% of consumers were satisfied with the services rendered by their property agents in 2018, according to CEA’s third public perception survey on the real estate agency industry. This is an increase from…

Fairy tales and whimsy at Gardens by the Bay’s Floral Fantasy

For a year, horticulturist Melissa Tan and her team have been brewing fairy tales, flowers and technology into a new thematic attraction for Gardens by the Bay. Slated to officially open on Apr 14 this year, Floral Fantasy…

Asbestos removal works completed on St John’s, Pulau Hantu, islands to re-open: SLA

Asbestos removal works on St John’s Island and Pulau Hantu have been completed, and both islands will be fully re-opened to the public, said SLA on Fri. SLA noted that it had worked with the relevant agencies to…

Burning smell should ease up in coming two weeks: NEA

The burning smell reported across various areas in Singapore in the past two months should occur less frequently in the next one or two weeks, NEA said on Thurs. The strong odour was first reported on 8 Feb…

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