Daily Archives: April 25, 2019 (24 Articles Found)

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Emphasise importance of sustainable lifestyle

The Singapore Government is often at the forefront of many important trends and tackles issues which are critical in the long run but may not be popular. Where it seems to have lagged behind is in taking action…

Pay attention to real needs of young parents

It is worrying that Singapore’s fertility rate is among the lowest in the world. Despite the Government’s pro-family policies since 2000, there has been no improvement in the fertility rate, which stands at a dangerously low level, threatening…

Can average Singaporeans actually afford to buy landed houses?

The other day, one of our colleagues randomly lamented about how it’s as good as impossible for Singaporeans to afford landed properties in Singapore anymore (“the only way is to inherit it!“). He may be one of the…

LTA welcomes redesigned map from architect, will unveil its own version later this year

A redesigned MRT system map that has gone viral online is just the ticket, says LTA, although it will introduce its own revamped version later this year. Architect Cliff Tan uploaded a redesigned map on FB on Mon…

It’s gone: Unusual koi tank outside Tampines flat dismantled following failed appeal

A HDB flat owner who converted the doorstep of his property into a fish tank for his koi carp has dismantled the tank after his appeal to keep it was rejected. The Tampines St 41 resident, who wanted…

Sentosa monorail service down for five operational hours

Sentosa’s monorail service was hit by a track switch fault on Tues night, disrupting service until yesterday morning. In response to queries from ST, SDC said the fault had prevented trains from entering the VivoCity station. Service was…

Turf City operators band together to ask for lease to be extended at Bukit Timah site

Five sports and recreation operators at Turf City have formed a collective to seek lease extensions as they enter the final 18 months of their time at the Bukit Timah site. The group comprises individuals from sports operator…

Huawei opens cloud and AI innovation lab

Chinese tech giant Huawei yesterday announced the launch of a cloud and AI innovation lab in Singapore and pledged to commit “hundreds of millions” to investments in the Republic and the APAC market in the coming years. The…

Guoco Midtown’s flexible leases may help draw tenants

Developer GuocoLand is going all out to woo tenants for the $2.4 billion mixed-use Guoco Midtown project in Beach Road. The attractions include a 40m swimming pool and a circuit track, but its tweak to the traditional leasing…

A closer look at seasonality in Singapore’s rental market

Last time we looked at how leasing activity and rents fluctuate from month to month each year. I plotted the monthly variations in total and PSF rents over the last four years. We now take a closer look…

Industrial rents and prices largely flat in 1Q2019

Rentals and prices of industrial space in Singapore remained largely stable in the first quarter of this year compared with the previous quarter, according to data from JTC. In 1Q2019, the price index of all industrial space dipped…

Unit at Modena going for $1.46 mil

A 1,539 sqft, three-bedroom unit at Modena, along Simei St 4 in District 18, will be put up for its second auction on Apr 30, according to the auctioneer at ET&Co. The property is a mortgagee sale, and…

Commercial block along Serangoon Road up for sale

A standalone freehold commercial block at 1 Jalan Taman, St Michael’s Place, has been put up for sale through an EOI exercise. Located near Boon Keng MRT Station, the property is currently leased to intl pre-school Maplebear. The…

Mortgagee listings hit new high on loan rate hikes, weak rentals

Mortgagee sale listings in Singapore reached a record high in the first quarter of 2019, according to data compiled by Knight Frank. Out of 362 auction listings, 159 were mortgagee sale listings, the highest ever recorded in Knight…

Bayer moving to Paya Lebar Quarter; taking up 31,000 sqft

Pharmaceutical firm Bayer will shift its main office to Paya Lebar Quarter (PLQ) at the end of the year, joining other companies which have taken up space in the mixed-use development such as JLL and SMRT. BY understands…

Property jargon of the day: Deferred Payment Scheme (DPS)

Today, we look at the Deferred Payment Scheme (DPS), which is a payment scheme that condo-buyers love. 1) Smaller initial cash outlay – In essence, DPS means that a buyer forks out an initial down payment (20 per…

Property jargon of the day: Refinancing

Refinancing, in the property market, refers to switching from your current home loan package, to a package offered by another bank. For example, say your current home loan package has an interest rate of 2.2 per cent per…

Hyflux granted one-month extension of debt moratorium instead; new deadline is May 24

Hyflux Intl, the debt-laden water company facing potential liquidation, has been granted a one-month extension of its debt moratorium to May 24 although it had asked for an extra three months. “Arguments for further extensions can be made…

Analysts remain positive on AA REIT for attractive yields despite headwinds

Despite negative reversions likely to persist in the near term, analysts are positive on AIMS APAC REIT (AA REIT). “We expect negative reversions to persist in the near term from the earlier 2014-17 supply surge. Accordingly, we cut…

Quarz Capital proposes merger of Ascendas Hospitality Trust and Ascott Residence Trust

Activist investor Quarz Capital Mgmt has issued an open letter to the manager of Ascendas Hospitality Trust (A-H Trust) urging for its merger with Ascott Residence Trust (ART) to resolve the key issue of overlapping investment mandates between…

Lower income Singaporeans can benefit from Airbnb rentals, with a catch

As a first-world nation with one of the highest home ownership rates in the world, Singapore has one of the most restrictive home sharing regulations. Public housing owners can rent their flats out to foreigners with employments passes.…

Money-changing goes high-tech with an ATM in the heartlands

Tasked to go on a last-minute overseas trip, former bank executive Andy Tang tried to find a money changer that was open and near his home late at night, but was unable to do so. While he could…

Construction, building maintenance activities ‘areas of concern’ in Singapore’s fight against corruption

Two construction industry business leaders bribed a former RWS director in order to advance their business interests, but they were eventually found out by CPIB. Tan Keng Huat, MD of Shanghai Chong Kee Furniture and Construction, and Teo…

LTA awards contract for 100 new three-door buses to existing bus suppliers

LTA has awarded the tender to acquire 100 three-door double-deck buses to two tenderers, it announced on Thurs. “The buses will arrive in Singapore in batches and be deployed on the road starting from next year,” LTA said.…

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