Daily Archives: July 10, 2019 (34 Articles Found)

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Students producing map to help people with disabilities navigate CBD

Lunch with colleagues is a simple affair for many, a little highlight of each workday. But for people with disabilities, it can be an ordeal they have to pass up because of the lack of accessibility where colleagues…

6 ‘adult-sized’ playgrounds in malls you can consider for a first date

Here are six potential first date locations conveniently located in shopping malls: 1) Superpark Singapore at Suntec City – An all-in-one indoor activity park where children and adults could easily play, side by side; Canopy Park at Jewel…

New Funan gives CMT an immediate boost in AUM, subsequent lift to NAV, NPI and DPU

Funan, a mixed-use development on North Bridge Road, is one of 15 properties owned by CapitaLand Mall Trust (CMT). It was the largest REIT by assets and market capitalisation until it was overtaken by Ascendas REIT, which, as…

Will MAS give Singapore REITs more room to grow by increasing the gearing limit?

In an effort to allow S-REITs to better optimise their capital structure, MAS last week announced that it is considering increasing the current gearing limit to 45%. The central bank released a consultation paper to review this move…

OUE C-REIT and OUE-HT unitholders recommended to vote in favour of merger

The IFAs of OUE Commercial REIT (OUE C-REIT) and OUE Hospitality Trust (OUE-HT) have advised the directors of both trusts to recommend unitholders vote in favour of the merger at the upcoming EGM. Under the proposed merger deal,…

James Dyson buys Singapore penthouse: What does he get for S$73.8 million?

British billionaire James Dyson, the mogul behind the bagless vacuum cleaner and the Supersonic hairdryer snapped up Singapore’s priciest penthouse for a cool S$73.8 million. Here is a look at what comes with the hefty price tag. 1)…

International Plaza, Ling Kwang Home begin upgrading fire safety features in line with latest Fire Code

From as early as Dec 2017, Intl Plaza in Anson Road had begun reviewing the adequacy of its fire safety measures which had not been extensively upgraded since it was constructed in 1976. These upgrading works, such as…

11 Mattar Road sold via private treaty for $8.52 million

Savills announced on July 15 that it has brokered the sale of 11 Mattar Road with an adjoining land strip via private treaty. 11 Mattar Road has a combined freehold site of 7,842 sqft, accommodating 4 existing walk-up…

Billionaire inventor James Dyson likely paid in cash for $73.8m Singapore super penthouse

Billionaire inventor James Dyson likely paid cash for the $73.8 million ultra-luxe super penthouse he has bought in Tanjong Pagar, according to documents obtained by ST. A SLA title search showed no endorsement of any mortgage. Lawyers say…

Dyson billionaire buys $54 million Singapore penthouse, setting new record

Vacuum cleaners and super-quiet hairdryers have made a lot of money for Dyson chairman and founder James Dyson. So much so that he and his wife have splashed out S$73.8 million (US$54.2 million) for the highest penthouse in…

The great Geylang turnaround

A while back, we mentioned that Geylang might be an underrated property hot spot. Now, we take a look at how the properties there have fared over the past 10 years. Overall non-landed private property prices have risen…

Investment sales jump 49% q-o-q to $6.7 bil in 2Q2019

Total real estate investment sales volume surged 49% q-o-q to $6.7 billion for the second quarter of 2019, according to a report by C&W. Commercial investment deals worth $3.5 billion made up 52% of the total figure. For…

Mapletree Industrial Trust to embark on redevelopment project in Kallang

Mapletree Industrial Trust (MIT) will embark on a $263 million redevelopment of its properties in the Kolam Ayer 2 flatted factory cluster in Kallang. This was announced by Mapletree Industrial Trust Mgmt (MITM), the manager of the Singapore-listed…

JustCo secures 50,000 sqft space in Manulife Centre

Local co-working operator JustCo has secured a new space in Singapore at Manulife Centre. Occupying more than 50,000 sqft across two floors, the space is targeted to open next quarter. It is expected to house more than 1,000…

4 youths arrested for allegedly vandalising multi-storey carpark in Boon Lay

Four youths aged 13 to 14 have been arrested for allegedly vandalising the rooftop garden of a multi-storey carpark at Blk 183 Boon Lay Ave. On Wed, the police said they were alerted to the incident at about…

Posh home sales down 27.3% to 104 units in H1

This chart from Knight Frank shows the number of luxury homes crashed 27.3% HoH to 104 units in H1. This decline was blamed on the widened price gap between buyers and sellers as well as on weaker sentiments,…

Resale condo prices up 1.6% in June

Overall prices of resale condo units grew 1.6% YoY in June, according to SRX Property. On a MoM basis, prices dipped 0.4% compared to rates in May. Rates in CCR saw a decrease of 0.7% MoM, followed by…

3 property statements that don’t hold water

I always believe that there are things best leave it to the professionals, such as legal and taxation matters. On the other hand, there are things best to be managed on your own, especially when it comes to…

10 places in Singapore that look right out of a sci-fi movie

Singapore has come a long way since its fishing village days and when you look around you now, the buildings are starting to look like they are from the future. 1) Marina One – Looks so trippy it…

Deliveroo opens Asia Pacific Performance Hub

Deliveroo announced the establishment of its new APAC Performance Hub, geared to support all of the firm’s offices in the region by monitoring and optimising all aspects of the company’s performance, and maximising insights from its global headquarters…

Singapore REITs are seen as too expensive after an 18% surge this year

Analysts and investors are questioning whether the rally in Singapore’s beloved reits has room to run. Strategists from Morningstar to CMC Markets Singapore say REITs, which have gained more than twice as much the broader equity market this…

Protesting for the planet: Is climate activism alive in Singapore?

Since last year, Extinction Rebellion’s protests and Fridays for Future’s school strikes for the climate have headlined news on climate change. Extinction Rebellion, or XR, is a civil disobedience movement aiming to halt the mass extinction of species…

Papa Palheta cafe chain rebrands to PPP Coffee

Singapore’s Papa Palheta coffee chain has rebranded to PPP Coffee. The first PPP Coffee-branded outlet has opened at Funan mall, and also marks the chain’s 10th anniversary. “In the past 10 years, we learnt so much about ourselves…

The Cheesecake Factory spinoff to open in Singapore

American dessert shop Beverly Hills Cheesecake – a spinoff of The Cheesecake Factory – opens at Raffles City shopping centre tomorrow. Beverly Hills Cheesecake will sell desserts created by The Cheesecake Factory, which is one of the largest…

Spot a python? Just leave it alone, advise wildlife groups

In a highly publicised incident in Jan this year, a snake spotted outside Tang Plaza bit an employee from a pest control company, who stepped on the snake while capturing it. Authorities said then that the snake had…

Dengue banners don’t work for many reasons

There are many “Our lives, Our fight” banners fluttering around Singapore during dengue outbreaks, but in terms of effective communications they fall short for the following reasons. There are too many elements in the banner without a focus.…

Maintenance and repair of escalators at MRT stations taking too long

I’ve often seen escalators at MRT stations being barricaded, with a sign that they are under maintenance, repair or refurbishment, but with no one working on them for long periods of time. Such examples can be seen at…

Air-con condenser trays a source of stagnant water

The dengue outbreak alert in my area (Jalan Besar) has been upgraded from Yellow to Red. This was despite NEA conducting house-to-house checks for possible mosquito breeding spots when the area was still under the Yellow alert. While…

Singapore’s buildings sector to grow 3.2% this year but downside risks abound: Fitch

The residential and non-residential buildings sector in Singapore will grow at 3.2 per cent this year and 2.3 per cent in 2020, supported by a strong pipeline of planned projects, according to Fitch Solutions Macro Research. But the…

Solar panel surge, but expert says Singapore unlikely to rely solely on sun

Singapore has made big strides in the use of green energy over the last decade. The number of grid-connected solar panel installations increased by more than 80 times from 34 to 2,873 in that period. The total capacity…

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