Daily Archives: April 17, 2019 (18 Articles Found)

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How would Lee Kuan Yew have solved Hong Kong’s housing and health care problems?

Not that many years ago, Singapore was well behind Hong Kong when it came to most areas of the economy and living standards. At that time, according to a Singaporean friend who has worked in the government, PM…

Habitat by Honestbee now a ‘must-see’ global retail innovation

Habitat by Honestbee has been voted one of the must-see retail innovations in the world this year. The concept was listed among the top 16 stores to visit in the world by IGD, and Google reports it among…

Kenny Rogers Roasters will reopen in Singapore

American rotisserie restaurant Kenny Rogers Roasters will reopen in Singapore with new look and Halal-certified menu. The chain’s last branch in the city – at Great World City – will reopen sometime this year, the announcement coming just…

Six months to a better idea on easing jams at Causeway

The Malaysian government will get a clearer picture within the next six months on ways to overcome congestion at the Causeway. Foreign Affairs Minister Datuk Saifuddin Abdullah said both countries had discussed the overcrowding at the Causeway in…

Property jargon of the day: Lease Decay

Today we look at the painful issue of lease decay. 1) Reduced property value due to remaining lease – As the lease runs down, the property value will eventually fall to zero. Almost every property owner hopes that…

Pre-emptive measures urgently needed to curb falling objects

It may be unrealistic to expect building owners to frequently check structural installations like windows, wall tiles, glass panels, concrete beams and metal cladding. Perhaps BCA could curb those mishaps with compulsory periodic inspections (Building owners must step…

Cluttered HDB corridors: Are town councils too soft on enforcement?

Cluttering in the corridors of HDB blocks is a perennial problem, as a fire in a Tampines block earlier this week has shown. The fire, traced to household items stacked along a corridor, resulted in four people being…

UBS Singapore to take entire office space at 9 Penang Road

Property developer SingHaiyi Group has announced that investment bank UBS Singapore will be taking up the entire 381,000 sqft of Grade A office space at 9 Penang Road, a new commercial development by SingHaiyi Group and its joint-venture…

The great Orchard Road makeover

The plan to make over Orchard Road, Singapore’s most famous shopping strip, started in Jan. The authorities unveil a two-pronged strategy to make Orchard Road “The Lifestyle Destination” and to “Bring Back the Orchard”. To bring vibrancy to…

Secondary property sellers pressured to slash asking prices: report

Sellers in the secondary market are feeling under greater pressure to lower their asking prices due to slowing sales in Q1 2019, according to a report by Knight Frank. The private residential property index slipped 0.6% QoQ or…

7-ha Jurong tourism playground among moves to fend off rivals

Singapore is revamping its attractions and offerings with major projects spread out across the island, in efforts to buttress its position as a prime tourist destination on the back of keen competition in the region. Key among the…

Jurong tourism site set to tax developers’ creativity

Thinking out of the box will be imperative for developers eyeing the new JLD tourism development project. The site will have to stand out from among the S$9 billion expansion to be made to the integrated resorts (IRs)…

AA REIT, CacheLog and MapletreeLog say no default on rents so far by tenant CWT

The managers of AIMS APAC REIT (AA REIT), Cache Logistics Trust (Cache) and Mapletree Logistics (MLT) announced separately on Tues night that CWT has so far not defaulted on its rental payments under their respective lease agreements. CWT…

Analysts remain positive as acquisitions, asset enhancements drive Keppel DC REIT

Analysts are keeping their bullish stance on Keppel DC REIT (KDCREIT), after the group on Mon announced 1Q19 results that were in line with expectations. The increase was driven by the acquisitions of maincubes Data Centre in Germany…

Bossini Singapore opens new store concept at Jewel Changi

Bossini Singapore opened a new store concept at Jewel Changi today. The fashion retailer says shoppers can look forward to an enhanced visual and shopping experience in the new store. The interior is fitted out with materials that…

PUB issues notice to take over Hyflux’s Tuaspring desalination plant to ‘safeguard Singapore’s water security’

PUB has issued a notice to terminate its water purchase agreement with Hyflux subsidiary Tuaspring and take over the Tuaspring desalination plant at the end of the 30-day notice period. A stats board under MEWR, PUB said on…

Construction company fined S$42,000 for damaging water main while drilling

A construction company was fined S$42,000 on Apr 2 for damaging a water main at a River Valley Green construction site, said PUB on Wed. The water main was punctured while Dae Sung Construction was carrying out drilling…

From garden cart to Garden City: Shake Shack goes full circle with Singapore debut

Sitting in its first Singapore outlet at Changi Airport, it is hard to imagine that just 15 years ago, Shake Shack was a hot dog stand in Manhattan’s Madison Square Park. On Wed, the 180-seater restaurant joined more…

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