Daily Archives: April 19, 2019 (16 Articles Found)

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Why keep cost of revamp a secret?

I was invited to the reopening of the National Archives of Singapore (NAS) building, and was impressed with the facilities and artefacts shown during the tour. I was baffled, however, at why NAS did not want to reveal…

Singapore Press Holdings is now anchored by property, not media

Saying they were negatively surprised by the year-on-year decline in media revenue at SPH, CGS CIMB recently said that SPH is now anchored by property. It added that SPH’s media business is still not a pretty sight. “While…

Quick fix to gap between platform and train

When riding on the MRT trains, we are all reminded to “mind the gap”. However, from time to time, someone could be careless or be pushed from behind and may end up in the gap between the train…

What Jurong Lake District needs is sci-fi theme park

What JLD needs is a science-fiction theme park, not Singapore’s version of Tokyo’s Odaiba mixed development area, as the two precincts are like chalk and cheese in many ways. Instead, our equivalent of Odaiba is the Greater Southern…

Metro bets on decentralised office market with $45.6 mil investment in Tampines property

Metro Group has acquired 7 & 9 Tampines Grande, a premium Grade A office property in Singapore, through a 50:50 JV between its subsidiary Metrobilt Construction and an affiliate of SRIF GP. On its part, Metro will be…

Oxley targets younger homebuyers

In just a year, Singapore-listed property group Oxley Holdings has proved itself to be a powerhouse, launching new projects one after another. Since Apr 2018, Oxley has launched nine development projects, and the response from buyers has been…

Homebuyers hold off purchases amid hopes of lower prices

More than nine months after the latest property cooling measures were implemented in July last year, homebuyers are still holding off on purchases. “Most people are not buying because they just don’t want to pay the ABSD,” says…

Duplex penthouse at Fontaine Parry going for $2.2 mil

At Fontaine Parry in District 19, a 2,303 sqft duplex penthouse will be put up for its first auction on Apr 30, according to the auctioneer at ET&Co. This is an owner’s sale, and the unit has a…

Entrepreneurs, can you help make the Sentosa experience seamless for visitors?

Improving Sentosa’s transport infrastructure, having an integrated mobile application for all its attractions, and finding more ways to cater to visitors seeking nature and nostalgia. These are some opportunities that entrepreneurs can exploit under a new scheme launched…

Maybank intends to appoint receivers and managers for Tuaspring assets

Maybank has terminated its collaboration agreement with Hyflux and Tuaspring, and intends to appoint receivers and managers over the assets of Tuaspring apart from the desalination plant and shared infrastructure, Hyflux said in a Singapore exchange filing in…

Evia Real Estate and Metro JV acquire 7 & 9 Tampines Grande for $395 mil

Two adjoining eight-storey Grade-A office buildings at 7 and 9 Tampines Grande were sold to a JV between Evia Real Estate and Metro Holdings on Apr 18 for $395 million. The deal was brokered on behalf of the…

Property investment sales jumped 34% to $6.3b in Q1

Despite the slowdown in en bloc market, total investment sales went up by nearly 34% to $6.3b in Q1 2019 from $4.7b in Q4 2018, according to a report by Knight Frank. The increase in sales was partly…

Property jargon of the day: Holding Power

Today we look at holding power, and why it matters to property owners. In Singapore’s property market, “holding power” typically refers to the ability of a home owner to keep servicing the property loan and associated costs; this…

When stars no longer count for hotels

For many travellers and holiday makers, research on accommodation options takes up a chunk of their time planning for the trip. A long list of search results typically shows hotels listing their star rating with photos of spacious…

SM Investments moves to terminate Hyflux rescue deal in ‘accordance with restructuring agreement terms’

Indonesia’s SM Investments on Fri rejected accusations by Hyflux that it breached a rescue deal that both parties entered into, moving to terminate the plan in “accordance with the terms of the restructuring agreement”. On Mon, Hyflux said…

The forgotten hospital off Maxwell Road

Given its plain and rather uninspiring-looking facade, few among the busy CBD crowd would give this building behind Maxwell Food Centre a second glance. But the edifice on Ang Siang Hill has nearly a century’s worth of hidden…

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