Daily Archives: April 2, 2019 (22 Articles Found)

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Do Singaporeans really care about climate change?

The citizens of Singapore largely reject the idea that their country is just a ‘red dot’ on the map, too small to matter in the context of climate change. However, it is also true that Singaporeans are sceptical…

Property jargon of the day: LTV Ratio

The Loan to Value Ratio (LTV) is the amount you can borrow for your house (this amount is called the loan quantum). This is expressed as a percentage. For example, an LTV of 75 per cent would mean…

Peace Centre site secures in-principle approval for lease renewal

Peace Centre/Peace Mansion (PCPM) has secured in-principle approval (IPA) from SLA to top-up its lease to a fresh 99 years, revealed JLL. The SLA granted the IPA on 26 Mar, subject “to redevelopment of the site for a…

Dakota Crescent redevelopment plans still up in the air

The redevelopment plans and design for Dakota Crescent estate are still being worked out, and more details will be shared once ready, said MND in a written response to Parliament on Mon. This was in response to MP…

Singapore: A port city in search of a hinterland

While Singapore’s economic development has sometimes been understood by policy scholars and economists as a matter of governance and strategic direction by the state, a historical overview would show that the underlying plot of Singapore’s economic story has…

Could this app ease Singapore’s e-waste problem?

The key to solving Singapore’s growing e-waste problem lies not only with consumers and big corporates, but the country’s SMEs, which dominate the local business sector. SMEs generate a lot of e-waste—there is no official data that breaks…

Wee Hur unit to build Potong Pasir nursing home for $34 mil

Wee Hur Holdings says its subsidiary has won a construction project worth $34.2 million from MOH. Wee Hur Construction will develop a 9-storey nursing home at Potong Pasir Aven 1. Construction will start on Apr 22 and end…

UBS’ proposed relocation to 9 Penang to boost Suntec REIT: analyst

Swiss investment bank UBS’ proposed relocation into 9 Penang may be net positive for Suntec REIT as it removes some uncertainty over the ability of Suntec REIT to fill 9 Penang Road and crystallises a development yield in…

ExxonMobil commits to multi-billion dollar expansion of Singapore manufacturing complex

ExxonMobil announced on Tues a multi-billion dollar expansion of its integrated manufacturing complex in Singapore that will help it increase production of cleaner fuels with lower-sulphur content. The expansion project, which is expected to come online in 2023,…

EMA: Hyflux’s financial situation ‘a result of its own commercial decisions’

EMA said on Tues that Hyflux’s present financial situation was the “result of its own commercial decisions”. The gas industry regulator was responding to a reader’s letter, “Time for a close look into why Hyflux tanked. This was…

Five best-performing S-Reits averaged 20% return in Q1: SGX

Bourse operator SGX has said that the top five performing S-Reits have achieved an average return of 20 per cent in the first quarter of 2019. The strong showing by S-Reits comes on the back of growing investor…

MPA testing predictive technology to reduce chances of ship collisions

MPA and Fujitsu are testing technology that could give ship captains earlier warnings about potential collisions with other vessels. A two-year field trial of the system has concluded, and further tests will be conducted before authorities decide whether…

Comfort cab ends up in Toa Payoh HDB void deck after collision with TransCab taxi

Two taxi drivers collided in Toa Payoh on Mon, with one of the vehicles ending up at the void deck of a HDB block. The police told ST that they were alerted to an accident involving two cars…

Start-up launches all-in-one transport app that insures users too

Commuters in Singapore can plan, book and pay for their journeys here across a variety of transport modes with a new app by a local start-up. The app Zipster was launched yesterday by mobilityX. The start-up has partnered…

OCBC stays ‘neutral’ on residential sector as prime district homes lead price dip

Prices of non-landed residential property in Singapore’s prime district or CCR fell 2.9% q-o-q in 1Q19 – dragging the private residential PPI down for a second consecutive quarter. “This weakness does not come as a surprise to us,…

Singapore luxury home prices drop most in a decade on curbs

Singapore home prices fell for a second straight quarter, with values of luxury dwellings falling the most in almost a decade as property curbs imposed mid-last year took some heat out of the market. Private residential prices declined…

Condo listings under mortgagee sales grew 26.7% in Q1

This chart from Knight Frank shows the number of private condominium listings under mortgagee sales as well as the 3M SIBOR rate for the past five years. There were 57 non-landed residential listings in Q1 2019, up by…

When is the best time to lease an apartment in Singapore?

When is the best time to lease an apartment in Singapore? There’s an obvious answer, right? When the market is at the bottom if you are a tenant, and at the top if you are a landlord. Well…

No practical solution to noise pollution, so we should adapt

There is little we can do to avoid noise if we want to coexist with one another (Noise a problem at parks, gyms, by Dr Quek Koh Choon, Mar 29). Should the sale of motorcycles and sport cars…

Season-parking holders help pay for upkeep of carparks

I read with disappointment that Mr Tan Kay Khoo would use environment issues as a reason for removing lower-floor parking priority for season-parking motorists (No compelling reason to reserve lower floors for season parking, Mar 28). HDB designs…

Have white and red parking spaces on all floors of multi-storey carparks

I am heartened by the recent letters by Mr Ho Yew Kee and Mr Tan Kay Khoo, on the parking allocation for season parking and its environmental impact. I am sure many drivers in Singapore have been frustrated…

Smoking rampant inside Orchard Towers

As much as efforts are being made to make Orchard Road a smoke-free zone, there are still other areas for NEA to consider. I was at Orchard Towers with a friend a few days ago, and I was…

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