Daily Archives: April 10, 2019 (23 Articles Found)

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AirTrunk raises S$450m to build Singapore data centre

Data centre startup AirTrunk has raised S$450 million in debt and equity to help build its first Singapore facility as part of a multi-billion dollar plan to become a regional technology powerhouse. The Goldman Sachs Group and TPG…

Property jargon of the day: Rental Yield

Today we look at rental yield. The rental yield measures how profitably you can rent out your property, in relation to what you paid for it. When people talk about rental yield, they can be referring to the…

Two stone cladding pieces fall from Raffles Place building, no one hurt

Two pieces of stone cladding fell from the facade of Bharat Building in Raffles Place on Wed, breaking part of the glass canopy that shelters the property’s entrance. The pieces fell from near the top of the 10-storey…

PUB-owned Tuas Desalination Plant wins global award, beating others in Oman, Tunisia and Egypt

Barely a year after its opening, the Republic’s Tuas Desalination Plant, has got an accolade to its name, beating plants from Oman, Tunisia and Egypt that were in the running. The desalination plant – the first plant owned…

Man claims he was fined $200 with only one foot outside smoking area, NEA says he was outside

A man has claimed that he was fined $200 on Sun by NEA for smoking along Orchard Road, despite having only one foot outside a designated smoking area. But NEA clarified on Wed that he was outside the…

Last stage of Circle Line to cost a lot more per kilometre than first 5 stages

In yet another sign that transportation expenditure is soaring, the sixth and final stage of the Circle Line will cost $4.85 billion – more than half the total cost of the first five stages of the orbital MRT…

Day Activity Centre in Jurong West brings relief to caregivers

Miss Nurul Syazwani, 23, has a rare type of cerebral palsy. Her mother and primary caregiver, Madam Nakia Hamim, 48, is a nurse who often has to work shifts, making it difficult for her to look after her…

Bull missing from Lim Chu Kang farm yet to be found, owner insists it didn’t escape

Almost 24 hours after it was first reported to have escaped from a dairy farm in Lim Chu Kang, a two-year-old bull named Ganesha has yet to be found. However, Ganesha’s owner, who wanted to be known only…

Video of pigeon culling in Hougang ‘an outright case of cruelty’: Acres

Acres has filed a report with NParks requesting that the agency investigate what it claims to be the improper handling of birds. A video posted on Acres’ FB page on Tues showed workers outside Hougang MRT station feeding…

NEA, premise operators need to fight smoking problem together

We thank Mr Noel Vikram for his feedback (Smoking rampant inside Orchard Towers, Apr 2). NEA is aware of certain smoking hot spots across the island, including Orchard Towers. NEA has been working closely with the building mgmt…

Fine pedestrians who use phones while crossing roads

It is time to outlaw using mobile phones while crossing roads. In Feb, it was announced that fines for pedestrian and cyclist offences will be raised. For example, the fine for jaywalking was increased to $50 from $20.…

Dairy Farm en bloc bid fails, Laguna Park relaunched for sale

It’s a tale of two large collective sale sites – while the Dairy Farm estate failed to hit the 80 per cent threshold needed, Laguna Park was re-launched for sale. The collective sale agreement for Dairy Farm estate…

There’s a new ‘flexible living’ space among Keong Saik’s shophouses – and it offers a room where you can sleep under the stars

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The face of housing and accommodation is changing. From co-living spaces to tiny homes, what counts as a home is no longer a living room, kitchen and three bedrooms. Now, a new “flexible living” concept has come to…

Tokyu Hands Singapore to open at Jewel Changi

Tokyu Hands Singapore will open its fourth store – at Jewel Changi – next week. Set to open on the 17th, the Japanese homewares retailer’s newest store in the city will feature new corners offering a selection of…

Singapore REIT mergers may accelerate after landmark OUE deal

Talk of consolidation among Singapore real estate investment trusts ramped up after the regulator strengthened rules governing the market in 2015. Four years on, it’s finally happening. OUE Commercial REIT said on Mon it had agreed to buy…

Condo rents up 1.5% in March

Overall condo rents edged up 0.3% MoM and 1.5% YoY in Mar, according to SRX Property’s flash report. Rents were down 17.7% from the peak in Jan 2013. CCR rents climbed 2.3% MoM, whilst rents in RCR and…

Is bigger always better? OUE’s mega-merger fails to soothe investor jitters

The proposed merger of OUE Commercial Trust (OUECT) and OUE Hospitality Trust (OUEHT) into a $6.7b entity does not necessarily entail that bigger is better. The combined trust would generate around $287m in NPI from 60% of office…

High-specification industrial building in Paya Lebar up for sale

A high-specification industrial building at 115 Eunos Ave 3, known as the Zhaolim Building, is up for sale. The three-year-old property sits on an 83,076 sqft plot of land and has a GFA of about 207,679 sqft. The…

Four rescued after PMD fire guts Woodlands flat

A firefighter was injured yesterday after helping rescue the trapped occupants of a burning flat in Woodlands. A teenager also suffered burn injuries. The fire is believed to have been started by a PMD, which was being charged…

Why waste management is such a knotty issue in Singapore

How cities deal with household trash, or ‘waste mgmt’ in urban planning jargon, is not a sexy topic. One thing that can make it even less palatable to talk about? Paying fees based on how much trash we…

GPS-based instrument approach procedures at Seletar Airport should attract more traffic: Industry experts

Implementing the GPS-based instrument approach procedures at Seletar Airport will ultimately result in having more airlines operate out of the airport, industry experts said on Tues. The procedures will be developed by civil aviation authorities from both Singapore…

Keeping the pool safe for children: Parents have a role to play, say experts

Parents should not adopt a hands-off attitude when their children attend swimming lessons, said swim safety experts as pool safety comes under the spotlight following a coroner’s inquiry into the drowning of a six-year-old girl. In the 2017…

Bull on the run from Lim Chu Kang dairy farm: Singapore Food Agency

The Singapore Food Agency (SFA) reported that a bull escaped from a dairy farm located at Lim Chu Kang on Tuesday (9 April). The agency put up a post on its Facebook page at around 10.30pm on Tuesday…

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