Daily Archives: May 29, 2019 (29 Articles Found)

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The Social Space expands its cafe and eco-conscious retail concept with design pop-ups and workshops at Marina One

When The Social Space first opened up shop at Kreta Ayer Road last year, we were in for a treat. Here was a multi-concept store that not only gave us chic goods that advocated for a socially-conscious and…

After 9-week rise and 4,100 cases, dengue epidemic seems inevitable this year

The country is headed for a dengue epidemic this year, in spite of heightened efforts by NEA to curb the spread of the Aedes mosquito. There have been nine consecutive weeks of rising infections with almost 80 active…

Tiong Seng Contractors wins top BCA award, new initiatives launched to boost sector

Local builder Tiong Seng Contractors, the company behind projects such as Sentosa Integrated Resorts and St Regis Hotel, was one of the big winners at BCA awards ceremony on Wed. The home-grown company was the top winner of…

Sign change and massage services among efforts to revitalise Jurong West Hawker Centre

A sign change, weekend massage services and an extension of a shuttle bus service are among efforts by the mgmt of Jurong West Hawker Centre to increase footfall and improve the business of its stallholders. Five months after…

Man jailed for starting fires near SMRT train tracks in Ang Mo Kio

A man who started fires near SMRT train tracks in Ang Mo Kio was sentenced to 13 weeks’ jail on Wed. Lim Teck Chye, a 49-year-old stall helper, walked near Blk 510 Ang Mo Kio Ave 8 at…

Egg supplier gets S$27 million DBS loan to build farm; conditions apply

Egg producer Chew’s Agriculture has taken up a 10-year, S$27 million loan by DBS, but it must meet strict standards and use the money to build and maintain cage-free facilities that will allow its chickens to live humanely…

Braddell View collective sale, with asking price of S$2.08 billion, attracts no bidders

The attempted en-bloc sale of Braddell View, with a record S$2.08 billion reserve price, did not receive any bids in its public tender, Colliers Intl said on Wed. A possible private treaty sale, where the price is negotiated…

Difficult to rely on 3D printing alone for Singapore buildings

I commend Singapore researchers and organisations that are developing new applications for 3D printing, especially in traditional construction, where material wastage and productivity present challenges. There are challenges, however, when it comes to putting in place 3D printing…

Can downsizing your home give you $1,379 per month after retirement?

According to some researchers from the Lee Kuan Yew School of Public Policy, $1,379 per month is what most elderly Singaporeans (aged 65 and above) need to live well. Note that this figure isn’t just for basic necessities…

Rental Yield vs. Rentability: What’s the difference?

Rental yield and rentability are different and don’t always correlate. Rental yield measures how much rental income your property generates each year as a percentage of the property’s value. When it comes to property investment, achieving good rental…

Property jargon of the day: Repricing

Today, we’re looking at repricing. It happens when you switch from one home loan, to another home loan offered by the same bank. People often reprice when their current bank offers a more attractive loan package than the…

A ‘snake’ peek into Razer’s S’pore office: Free lunch, all-day gaming for employees

At the end of 2018, Razer announced that it is set to open a SEA headquarters at the one-north business park in Singapore by 2020. 2020 is less than a year away, but we decided to pay a…

Rimowa Singapore opens store at Raffles Hotel

LVMH’s luggage brand Rimowa Singapore has opened a new store at the newly refurbished Raffles Hotel. The 600 sqft store features a greenery space with the floral walls which provides an immersive conceptual experience to visitors and shoppers…

Cafe Amazon launches in Singapore

Thai coffee chain Cafe Amazon has opened its first outlets in Singapore. One store is located at Jewel Changi, the other at Jurong Point shopping centre. An opening ceremony was held at Cafe Amazon Jewel Changi, which marked…

Spaces launches new flexible workspaces at TripleOne Somerset and Clarke Quay

Flexible workspace operator Spaces expanded its footprint in Singapore with the official opening of new remote workspaces at TripleOne Somerset and Clarke Quay. Occupying two floors and covering over 35,000 sqft, Spaces at The TripleOne Somerset will be…

Which country dominated foreign property purchases in Q1?

This chart from ET&Co showed that transaction volumes made by Indonesian in Singapore outgrew the transaction volumes of Mainland Chinese in Q1. Transactions made by Indonesian buyers surged 41.7% whilst those of Chinese buyers plunged 40%. The decline…

Allied Tech executive director in S$129m fast property flip

Kenneth Low Si Ren, the executive director of Allied Technologies, is believed to have made a quick flip of a parcel of office and retail space in Thong Teck Building, selling it to mainboard-listed Top Global for S$129.5…

Yip Hoong Mun appointed as Metro Holdings group CEO

Mainboard-listed Metro Holdings has appointed Yip Hoong Mun as its group CEO and executive director with effect from June 1. He succeeds Lawrence Chiang, who will step down on May 31 and be advisor of the group with…

What the 2019 master plan says about Singapore’s approach to land use

According to planning theorists, urban planning is fundamentally a process of rational choice, supported by foresight and design. But, in reality, rationality is always circumscribed by the complexities and uncertainties in the real-world environment, and as such, very…

4 workers taken to hospital with burn injuries after fire at Jurong Island chemical plant

Four workers were taken to hospital with burn injuries after a fire broke out at a chemical plant on Jurong Island early on Tues morning. The fire occurred at one of Mitsui Elastomers Singapore’s plants at around 2am,…

LTA impounds 10 PMDs after riders caught flouting rules

Ten PMDs were impounded after several riders were caught flouting rules during enforcement operations last week. Around 80 officers were deployed during operations over the weekend, which took place at Admiralty, Bukit Panjang, Choa Chu Kang, Marsiling and…

Singapore dethrones U.S. as world’s most competitive economy

Singapore leapfrogged Hong Kong and US to take the top spot among the world’s most competitive economies for the first time in nine years. The city state’s advanced technological infrastructure, availability of skilled workers, favourable immigration laws, and…

Siting after-death facilities: Blame Nimby syndrome

I am sorry to hear about the experiences of Mr Sunil Kumar and Mr V. Balu. I am heartened to read that NEA is taking steps to improve the situation (New funeral parlour sites will see better after-death…

Open up market for short-term home stays

Short-term stays in private homes are often preferred by millennials, in this age of mobile apps where one can access information and services from the convenience of a mobile phone (Living among tourists, May 26). There has been…

Priority cabins will not work on their own

I applaud and appreciate efforts by LTA to help the elderly and those in need such as wheelchair users and expectant mothers. This is especially important as my generation is ageing fast. However, as these priority cabins are…

Resale condo prices up 0.2% in April, NUS index

Prices of completed condominiums and apartments in Singapore edged up by 0.2 percent in Apr, after remaining flat in Mar, according to latest flash estimates of NUS SRPI. This comes as the central region saw prices, excluding small…

Cascadale up for collective sale for $270m

Cascadale, a 134-unit condominium development along Upper Changi Road East, has been put up for collective sale with a reserve price of $270 million, revealed JLL. This works out to a land rate of $1,071 psf ppr, after…

Newton Lodge makes second en bloc sale attempt

After a failed attempt in Jan, the owners of Newton Lodge are once again trying their luck at a collective sale, with the asking price unchanged. JLL revealed that the vendors are expecting a minimum of $44 million…

CCCS concludes probe into HDB lift maintenance; accepts pledges from companies to supply parts to third-party contractors

To stifle competition for lift maintenance work at HDB estates, some companies allegedly refused to supply vital spare parts to third-party contractors. This attracted the scrutiny of the competition watchdog, which yesterday ended a three-year probe after two…

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