Daily Archives: April 5, 2019 (31 Articles Found)

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Why now may be the best time to get your resale flat

The rental volume of HDB resale flats rose by 26.1 per cent last month, as prices fell. In fact, resale flat volumes are the highest since Aug last year. Mar saw 1,657 HDB resale transactions, up from the…

Toxic Hyflux on brink as Singapore weighs asset seizure

Pressure is mounting on the Singapore government to seize a troubled desalination plant owned by debt-laden Hyflux after a bailout deal with an Indonesian consortium led by Salim Group collapsed on Thurs. With the government stating that it…

Human Security Radar temporarily deployed at Jurong East MRT station; LTA assessing future redeployment

Some commuters taking the train from Jurong East MRT interchange on Fri were greeted by an unusual sight – a gantry-like structure at the entrance to the station. The structure was actually a piece of mass security screening…

Ensuring workers stay safe for their families back home

The men in helmets were lined in neat rows, all of them gulping water from their 1.5-litre PET bottles after a series of morning exercises. It is the daily routine for construction workers from engg firm Bintai Kindenko,…

Singapore aiming to come out tops for workplace safety and health

Singapore has set itself the goal of becoming one of the top countries with the safest and healthiest workplaces by 2028. The target is to reduce the workplace fatal injury rate from a three-year average of 1.4 per…

Workplace death, major injury numbers for all companies to be published online

Rates of workplace deaths and major injuries for every company will be published online, in a move to hit errant companies where it hurts. Clients, such as property developers, and workers will be able to compare employers’ safety…

NKF to build more dialysis centres in polyclinics, community hospitals and CCs

NKF will build more dialysis centres within polyclinics, community hospitals and CCs in a bid to improve integrated care and support for the increasingly complex needs of patients. New centres located in Punggol Polyclinic and Toa Payoh West…

Another tree falls in Old Airport Road area after a second day of heavy rain

Heavy rain and strong winds for the second day in a row resulted in another tree uprooting and falling in the Old Airport Road area on Thurs. The tree near Blk 11A Pine Close fell with a loud…

Integrated resorts ‘cannot be the centrepiece’ of Singapore’s economy: Chan Chun Sing

Singapore’s two integrated resorts (IRs) “cannot be the centrepiece” of Singapore’s economy, but must instead be “one of many pieces”, said MTI Minister Chan Chun Sing on Fri, as he stressed the importance of diversification in the economy.…

How to make the CBD a more liveable and vibrant place

URA’s announcement of Singapore’s Draft Master Plan 2019 has cast the spotlight on CCR, particularly the CBD. URA has announced two new schemes aimed at transforming the CBD into a vibrant mixed-use zone with more homes and hotels…

How can Singaporean retailers navigate today’s omnichannel landscape

The retail landscape in Singapore has faced a slump during the festive season in 2018, and analysts are predicting a challenging year ahead. Retailers in Singapore are faced with two distinct challenges. Firstly, the shift from a product-centric…

Middle Road site to be redeveloped into 20-storey mixed-use property

Wingcharm Investment, a wholly-owned subsidiary of Wing Tai Holdings, has been awarded the land parcel at Middle Road by URA for $491.99m. According to an announcement, the 99-year leasehold land parcel has a site area of 7,462.6 sqm.…

City Developments bags $500m green loan

City Developments (CDL) has secured its first green loans amounting to $500m, an announcement revealed. A green loan of $400m with a three-year term is provided by DBS, which is the advisor for the loan. Another green loan…

Why is it so hard to believe that Singapore can be beautiful?

Did you know that you don’t have to spend thousands of dollars going to Japan to experience the ethereal effect of Sakura flowers floating around you? If you’ve been on the internet these past few days, or even…

Water firm Hyflux in race against time to stay afloat

The one-time darling of Singapore’s water sector now finds itself in a race against time as its debt moratorium is set to expire on Apr 30, with no new viable suitor in sight yet. Hyflux is hard-pressed to…

Mitsui Sumitomo Insurance opens global digital hub in Singapore

Mitsui Sumitomo Insurance (MSI) has set up a global digital hub at its Asia regional office in Singapore on Feb 1, 2019. The company said its Singapore digital hub will help develop the company’s Asean digital initiatives and…

OCBC steps up youth slant with NUS store

OCBC has opened a fourth Frank by OCBC Store in NUS’s Stephen Riady Centre in University Town. The store will be accessible to students round the clock, with tables and chairs, a large LED screen, an evaporative cooling…

Gaming remains main revenue driver for IRs amid expansion

Family-friendly attractions, entertainment and event venues, and new luxury hotels form the bulk of the integrated resorts’ (IR) plans for expansion in Singapore, their first major transformation since opening nearly a decade ago. But gaming remains their main…

Investment commitment well-timed and necessary

The S$9 billion investment that Singapore’s integrated resorts (IRs) are set to make is both well-timed and necessary if the island is to defend its position as a prime gaming playground, particularly as competition from neighbours intensifies. When…

Expanded IRs ‘to help fill incoming MBS, RWS hotel rooms’

Brand-new attractions and additional exhibition space at the integrated resorts (IRs) should generate additional demand for the new hotel rooms that will be injected into the market by the two IRs in the coming years, analysts say. MBS…

Good things worth waiting for, says MBS chief

Ever since MBS opened for business in Apr 2010, its senior executives have consistently made known their desire to invest more in Singapore and to expand the footprint of the integrated resort (IR). In 2016, MBS first began…

Hyflux says Salim-Medco rescue is off; both sides play the blame game

Hyflux said on Thurs that a key rescue deal from the Salim-Medco group is officially off, with just weeks to go before the water and power plant company loses court protection from creditors. Now both sides are arguing…

‘Sakura season’ in Singapore returns with blooming flowers across the island

We’re all pretty in pink these days, thanks to the bloom of our own “sakura season” this month. It’s a welcome sight after the scorching hot temperatures of Mar, trailed by the recent Apr showers. So really, you…

Noise pollution can be just as harmful and should be tackled

I do not agree with Mr Cheng Choon Fei’s views on noise pollution (No practical solution to noise pollution, so we should adapt, Apr 2). Noise pollution can be just as harmful as other forms of pollution. It…

Poor access for wheelchair-users at Raffles Place

Last week, I had to get from the platform level of Raffles Place MRT station to the street level in a wheelchair. After taking a lift from the platform level, I was almost stuck at the massive Basement…

HDB carparks designed to serve residents’ needs

Carparks at HDB estates are provided primarily to cater to the daily parking needs of HDB residents. For the convenience of residents, season parking spaces are mainly located on the lower floors of multi-storey carparks. Visitors can also…

Katong: The heritage gem of the east

At the heart of Katong is an eye-catching, fire-engine red shophouse called The Red House, arguably its most famous landmark. Katong does not disappoint with its hipster joints and traditional restaurants lining East Coast Road. The Katong enclave…

Raising the stakes

Nine years ago this month, Sheldon Adelson, chairman and CEO of Las Vegas Sands, cut a yellow ribbon to symbolise the opening of MBS integrated resort (IR). The iconic three towers and boatlike cantilevered deck would soon come…

It’s all work, all play in Singapore if urban plan gets go ahead

Living where you work and play may not seem like the ideal balance in terms of escaping the grind, but it’s a key plank of Singapore’s vision for its CBD. Like many cities’ financial centres, Singapore’s is bustling…

Developers lose pricing power after en bloc fever

With muted price growth expectations for residential properties in 2019, no near-term catalysts for developers with large local market exposure are expected, according to a report by RHB Research. With more than 50 projects in the launch pipeline,…

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