Daily Archives: May 7, 2019 (19 Articles Found)

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Chip Eng Seng Net Profit Soared 84% in Q1

These Tanglin walks will make you forget you’re in the city

What’s wrong with CEOs living in HDB flats?

More being done to improve awareness of recycling

Should you get deferred payment scheme for your new home?

MND has called on property buyers to “exercise due diligence and prudence” before committing to acquire a property under a deferred payment scheme. This comes as such schemes are only applicable for completed private residential developments. “Since Oct…

PropertyGuru

Soilbuild Construction reports $0.9 mil loss due to lower margins, higher expenses

Soilbuild Construction Group has reported a net loss of $0.9 million for the 1Q ended Mar, reversing into the red from its $0.2 million earnings in 1Q18 due to lower gross profit margin and higher expenses. The group…

Frasers Property kept at ‘add’ as its recurring income base continues to grow

CGS-CIMB continues to rate Frasers Property Limited (FPL) “add” following the group’s 2Q19 results announcement. Last Fri, the group reported 2Q19 earnings of $120.5 million, 8.3% higher y-o-y, bringing 1H19 earnings to $266 million, 37.2% higher than a…

DBSS projects defects – HDB actively facilitates satisfactory outcome, Minister says

HDB actively facilitates satisfactory outcome in cases of DBSS projects defects. MND Minister Lawrence Wong, gave this assurance in Parliament yesterday. He was responding to a parliamentary question on DBSS projects defects asking: “Whether there are ongoing complaints…

iCompareLoan

2,489 complaints against estate agents in past 3 years

MND Minister said in a parliamentary answer that 2,489 complaints were made against estate agents in the past 3 years – from 2016 to 2018, or an average of about 830 each year. Mr Lawrence Wong, was responding…

iCompareLoan

NetLink Trust says service disruption around Marsiling resolved

Fibre network operator NetLink Trust on Tues said a service disruption that may have affected the fibre broadband services of some 2,000 end-users around the Marsiling area has been resolved. The fibre service disruption was first reported at…

Town councils can set and enforce own rules on PMD use at void decks: Lam Pin Min

Town councils can set and enforce their own rules on use of PMDs at void decks, said Dr Lam Pin Min, Senior Minister of State for Transport, in Parliament on Tues. The minister was responding to a question…

CNA

IMDA launches public consultation on 5G network rollout

IMDA announced on Tues that it is launching a second public consultation to seek views from the industry and public on the appropriate regulatory frameworks and policies for 5G next-generation mobile network. The key areas of consultation include…

Yahoo! News

Corrective Work Orders rose 30% to 2,600 cases in 2018: NEA

The number of Corrective Work Orders (CWOs) issued to offenders rose by 30 per cent to about 2,600 cases in 2018 from about 2,000 cases in 2017, NEA said on Tues. Overall, there was an almost 22 per…

Yahoo! News

7 pollution incidents along Johor river have caused PUB plant’s temporary shutdown since 2017: Masagos

There have been seven pollution incidents along the Johor river since 2017 that caused PUB’s Johor River Waterworks plant to be shut down temporarily, said MEWR Minister Masagos Zulkifli on Tues. These incidents have been traced to illegal…

Yahoo! News

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Options for buyers when developers go bust and projects are unfinished

It is a rare case of a Singapore developer going bust, leaving the residential projects unfinished. But for some 183 people, their worst nightmare came true when developers of the 70-unit freehold condominium at Laurel Tree along Hillview…

The Business Times

Laurel Tree, Sycamore Tree dispute with buyers a private matter: URA

The ongoing negotiations between the receivers and the buyers of the unfinished Laurel Tree and Sycamore Tree residential projects is a “private matter”, URA said. “The terms and conditions for a receiver to complete the project is a…

The Business Times

Why investors love Singapore’s struggling malls

Singaporeans aren’t spending like they used to, at least not in shopping malls. There are too many already and more are being built. But investors still have good reasons to back mall owners. The city-state has 6.1 million…

Bloomberg

Singapore Business Review

United Engineers converts $333m loan to green home development loan

UE has converted a $333m loan into one of the region’s first green loans for a residential property in Asia, an announcement revealed. The firm first secured the loan in 2018 from DBS, OCBC and UOB. The green…

OUE H-Trust net property income down 2.2% in Q1

OUE Hospitality Trust (OUE H-Trust) saw its net property income fall 2.2 percent year-on-year to $27.66 million in the first quarter of 2019, while gross revenue dropped three percent year-on-year to $31.7 million. In an SGX filing, OUE…

PropertyGuru

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Chip Eng Seng Net Profit Soared 84% in Q1

Chip Eng Seng Corp was off to a good start as net profit surged 84 percent to $11.25 million in the first quarter of 2019 from $6.12 million over the same period last year. Gross revenue jumped 34.2…

These Tanglin walks will make you forget you’re in the city

Tanglin is one of our island’s most salubrious addresses, overrun with mega-sized homes showcasing equally mammoth price tags. It’s on the cusp of the Orchard Road area, and within walking distance to Singapore’s celebrated shopping belt. Despite being…

What’s wrong with CEOs living in HDB flats?

The article on CEOs choosing to live in HDB flats seems to imply that living in an HDB flat is not befitting the social-economic status of a person holding the title of CEO (They are CEOs and they…

More being done to improve awareness of recycling

We thank Mr Victor Tan Thiam Siew for his letter (Review how recyclable waste is collected from bins, May 2). Today, about 40 per cent of the contents in our blue recycling bins cannot be recycled because people…