Daily Archives: July 4, 2019 (22 Articles Found)

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Qingjian Realty launches second phase of JadeScape

Qingjian Realty (South Pacific) Group, the developer of the 1,206-unit JadeScape on Shunfu Road, has launched the second phase of sales in the project. The developer closed its 22,000 sqft, double-storey sales gallery – at the end of…

Temperatures in Singapore could hit 40°C as early as 2045: Scientists

By 2045, Singaporeans could face some days of the year when temperatures soar as high as a scorching 40°C. At best, this sweltering scenario could be delayed to as late as 2065 onwards, according to a suite of…

Tuas mega port begins second phase of construction

The installation of the first caisson at the site of the upcoming Tuas mega port marked the commencement of reclamation for Tuas Terminal Phase 2, which will add a capacity of 21 million twenty-foot equivalent units (TEUs) of…

Drop unused reusable bags into donation bins at supermarkets

Forgotten reusable bags can now be put to good use. As of yesterday, people can drop their unused reusable bags into a donation bin at eight supermarket outlets – two of each from FairPrice, Sheng Siong, Cold Storage…

Ascott Residence Trust gets bigger appetite for growth from merger

CapitaLand has wasted no time in merging Ascott Residence Trust (ART) with Ascendas Hospitality Trust (AHT) following the completion of the acquisition of Ascendas-Singbridge last week. CGS-CIMB Research lead analyst Eing Kar Mei says ART’s enhanced scale, liquidity…

Get tough on irresponsible drone use

Two recent drone incursions at Changi Airport on June 18 and June 24 that led to at least seven flights being diverted and more than 50 delayed are an alarming indication of the potentially disruptive power of unauthorised…

Onus on banks to teach retailers how to use payment platforms

Financial institutions, knowingly or unknowingly, appear to be shifting the burden of implementing their payment platforms to consumers. In recent weeks, my wife and I, on at least three occasions, ended up having to teach retail staff at…

Digging into Singapore’s colourful past with 14th century Fort Canning discoveries

Porcelain pillows elaborately sculpted to depict Chinese opera scenes were such rare status symbols in 13th century China that they were owned only by a small number of elites there. Archaeologist John Miksic was therefore surprised when fragments…

14 free (or really cheap) things you can do at the new Funan Mall

I was totally prepared to hate on the new Funan Mall because it sounds like it was made for and by pretentious fake-nerds. But after visiting the freshly-opened downtown dystopian wonderland, I would give mad props to CapitaLand…

Fire breaks out in Tampines flat as PMD battery was being charged: SCDF

Fire ravaged the living room of a Tampines flat on Wed, where a PMD battery was being charged, SCDF said. Firefighters responded to the fire at an HDB maisonette, located on the fourth level of Blk 125 Tampines…

HDB resale prices increased by 0.1% in June

HDB resale prices rose slightly in June by 0.1% MoM. On a YoY basis, rates were lower 0.8%, according to an SRX media flash report. A total of 1,895 HDB resale transactions were made in June, lower by…

Switzerland takes top spot from Singapore as best place for expats to live and work: HSBC survey

Switzerland has dethroned Singapore as the best place for expats to work and live, according to the HSBC Global Report. Singapore, who has remained top of the rankings for the last four years, has dropped to second while…

‘Fittest will survive’: Singapore’s 4th telco TPG confident of thriving amid growing competition

“The fittest will survive.” That was the response from TPG Telecom’s GM Richard Tan, when asked if Singapore’s fourth telco would be able to withstand the intense competition from MVNOs that have sprung up since it won the…

Singapore Airlines to launch S$50 million upgrade of its Changi Airport Terminal 3 lounges

SIA customers can look forward to bigger spaces, upgraded facilities and more food selections when they visit SIA lounges at Changi Airport T3 from 2021. The airline said on Thurs it will spend more than S$50 million to…

Cockroaches and filth: Dormitory operator and director first to be charged under 2015 law over ‘unacceptable’ conditions

Dormitory operator Labourtel Mgmt Corporation and its director have become the first company and individual to be charged under the Foreign Employee Dormitories Act (FEDA), MOM said on Thurs. Cockroaches were found in dormitories inspected by MOM and…

Merger of Ascott Reit, Ascendas Hospitality Trust makes sense

Capitaland’s announcement on Wed that it would merge Ascott Residence Trust (ART) and Ascendas Hospitality Trust (A-HTrust) should not be a surprise to market watchers, following the merger of their respective parents. The two Reits had been subject…

CapitaLand eyes positive re-rating for enlarged Ascott Reit-BT

Sooner than expected, the union of CapitaLand’s two hospitality trusts has been set in motion. Marriage has been in the air ever since CapitaLand agreed to acquire Ascendas-Singbridge in Jan, and Ascott Residence Trust (Ascott Reit) is making…

Higher gearing limits will improve Reits’ DPU

The proposed higher leverage limits for Reits could lower overall cost of capital for the asset class, and allow room for portfolio growth, given the greater certainty of deal completions. In addition, distribution to unitholders could also increase,…

Changi viaduct collapse: LTA-appointed checker who failed to review structural plans jailed 6 months

LTA-appointed accredited checker (AC) who failed to inspect the structural design of a viaduct in Changi that collapsed was jailed six months on Thurs. While the segment of the viaduct that gave way was not under Leong Sow…

Flexible working operators to snap up 550,000 sqft of office space by end-2019

Co-working spaces are expected to take up 550,000 sqft of Singapore’s office market in 2019, according to Colliers Intl. Although the figures will fall short of the 570,000 sqft occupied by flexible coworking spaces in 2018, Colliers still…

AGM approval not needed for condo awnings: Strata Titles Board

STB has taken issue with the MCST of D’Leedon after it initially refused to allow the owners of two ground-level units to install awnings at their private enclosed spaces despite issues with killer litter. The MCST, made up…

Pay rise, bonus for cleaners and landscaping workers

Cleaners and landscape maintenance workers will get bonuses from Jan 1 as well as annual pay rises in the next few years. The measures are part of moves to lift the pay of lower-income workers at a time…

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