Daily Archives: May 24, 2019 (22 Articles Found)

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Retail leasing market in Singapore remains steady but headwinds remain

CBRE’s APAC Retails Trends said that the retail leasing market in Singapore remains steady, but restrictions on hiring foreign labour are set to weigh on sentiment in the coming quarters. Sporting goods retailers and gyms remained key drivers…

Previews for luxury condo Jervois Privé at Tanglin to open on 25 May

Premier residential real-estate development firm Midas Land unveiled its maiden residential development, Jervois Privé, at Tanglin. The firm is also introducing a special preview pricing for early birds, along with a showflat preview at 8 Jervois Lane from…

Man cave and music: Singapore barber creates safe space for those struggling with drugs

A modern barber shop might not be the most obvious ally for Singapore authorities looking to bring its anti-drug message to the community, but that’s what DeepCuts Barber’s does. Founder Faiz Ismail has been involved with the Dadah…

New space, new look: Min Jiang moves to Dempsey with a lush makeover and a refreshed menu

In relocating from One-North to a bigger space at Dempsey Hill, Min Jiang took the opportunity to overhaul its appearance and its food, resulting in an elegant experience suitably apt for its forested surroundings. The brand’s boast of…

New Science Centre next to Chinese Garden MRT Station to be ready around 2025

The new Science Centre, to be located next to the Chinese Garden MRT Station, is targeted for completion around 2025, the attraction said on Fri. The announcement came as the Science Centre Board (SCB) awarded its consultancy tender…

Two property buyers scammed by fake law firms in past month: Law Society of Singapore

A client was asked to transfer money by a “law firm” in a property deal through telegraphic transfer to a bank in Hong Kong. He did so despite a previous instruction by the law firm that he has…

Singapore to remain ‘objective’ over Huawei concerns

Singapore will remain “objective” regarding use of equipment from Huawei Technologies and be open to companies from any country, a government official told the Nikkei Asian Review on Wed. Beh Swan Gin, chairman of EDB, reiterated Singapore’s neutrality…

Property jargon of the day: Temporary Occupancy Permit (TOP)

Today, we’re looking at the Temporary Occupancy Permit (TOP). For a building to be declared fit and ready for habitation, it needs to obtain the Certificate of Statutory Completion (CSC) from the authorities. However, most buyers are eager…

S-REITs hit average total returns of 13.6% in 2019 YTD

The combined NAV of REITs listed on SGX continued to expand in 2019, with 34 REITs and five stapled trusts hitting YTD average total returns of 13.6% and dividend yields of 6.5%. The strength of the sector’s performance…

How is Singapore bringing life back into dying industrial buildings?

The modernisation of Singapore’s manufacturing sector has increasingly led to a change in leasing requirements, where tenants are on the lookout for buildings with higher specifications, according to an industry report by CBRE. Along with the phase out…

Freeing up Singapore’s power market bittersweet for businesses

Singapore’s liberalisation of the electricity sector – true to its ethos – has been able to save businesses as much as 25-30 per cent in power bills, but many lament that they are confounded by the plethora of…

Lights out for five power retailers amid fierce competition

Five players have called it a day in Singapore’s retail electricity market for big businesses amid fierce competition triggered by a phased liberalisation of the sector – a process completed only this month, with all residential households in…

Allied Tech’s $130m purchase of dorm operator called off

Precision engg firm Allied Technologies will not be buying construction and dormitory operator Aik Chuan Construction and its subsidiaries, it said yesterday. Allied Tech and Mr Lim Yew Ming, who wholly owns Aik Chuan Construction, have mutually terminated…

‘Copper House’ loses some of its lustre

One of the most visible houses on Sentosa Cove, dubbed “Copper House”, changed hands last month for $32 million ($1,773 psf), according to a caveat lodged on Apr 16. The price is $16 million or 33% below the…

Outlook for Singapore’s commercial property market upbeat

Singapore’s commercial property investment market perked up at the start of the second quarter, at a time when the cumulative tally for the earlier quarter had shown a drop with a few strata deals. Office development Tampines Grande…

Public housing policies must serve long-term needs

I do not think young buyers with little CPF savings would be deterred by the new rules on housing loans and do not agree with Mr Timothy Toh (Changes to CPF, HDB rules present many challenges, May 20).…

Problems with airport’s fingerprint scanning

My family’s experience at Changi Airport immigration on our return from our South Korea and Australia trips was a big letdown. On our return from South Korea at T4 in Mar, my wife encountered difficulties with her fingerprint…

Give Elgin Bridge more meaningful name

The Elgin Bridge connects North Bridge and South Bridge roads and is one of many spanning the Singapore River. The history of the site of this bridge is indeed interesting. There were two other bridges of different names…

Policy on PMDs needs review

Despite strong public feedback, LTA continues to justify the use of PMDs on pedestrian walkways as a means to achieve a car-lite society (Holistic approach taken to improve active mobility safety, May 20.) A big unanswered question is:…

Naive to appeal to PMD riders to be responsible

It is extremely disappointing to read LTA’s response to the concerns raised by the public on the dangers of allowing PMDs on footpaths (Holistic approach taken to improve active mobility safety, May 20). To put matters into perspective,…

Bad idea to let cyclists ride into mall

I read with shock and dismay about how the new Funan mall will allow cyclists to cycle in the mall. This is a very dangerous idea as customers shopping at the mall will be at risk of injury.…

CAAS panel to engage public, groups in unmanned aircraft review

CAAS will reach out to different groups, including residents, as it reviews regulations here surrounding unmanned aircraft systems, which include drones. CAAS said it has set up an unmanned aircraft systems advisory panel. The panel, comprising 12 members,…

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