Daily Archives: July 16, 2019 (21 Articles Found)

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IMF recommends adjustment to property cooling measures, eliminating ABSD eventually

After expanding 3.7% in 2017, Singapore’s economic growth tapered to 3.1% in 2018 and IMF has projected that it will slow to 2% in 2019. Growth had already decelerated to 1.1% in 1Q2019 and 0.1% in 2Q2019. “Over…

More mosquitoes or mutating virus? Experts have different views on dengue spike

Singapore could see more cases of dengue than usual in 2019 after a lull of a few years, but it is not clear what is causing the current spike, infectious diseases experts told CNA. Dengue cases rose to…

Small District 9 condo sold in 2019’s first residential collective sale

A small district 9 apartment building has broken a more than six-month silence in the residential collective sale market. The five-unit Sophia View was sold in June in Singapore to a private investor. SRI declined to reveal the…

Billionaire’s unsanctioned garden, ‘absurd’ houses upset some Sentosa Cove residents

A neighbours’ spat is brewing in the playground for the rich and famous at Sentosa Cove, with some residents protesting over how one billionaire’s landscaping work has been allowed to encroach into common space belonging to the gated…

Wanted: Public feedback on how to reduce Singapore’s carbon emissions beyond 2030

Singaporeans may now give their suggestions on how to make Singapore cleaner and greener. NCCS launched an online public consultation exercise on Tues to get feedback from the public regarding its long-term strategy to reduce Singapore’s carbon emissions…

Stop cleaners from clearing tables at hawker centres that charge deposits for trays

Hawker centres that charge deposits for trays do not appear to be relying less on cleaners. At these facilities, users pay a 50-cent or S$1 deposit, and receive a refund after returning the trays with their used crockery…

Keppel REIT NPI dropped 28.1% to $31.06m in Q2

Keppel REIT’s NPI crashed 28.1% YoY to $31.06m in Q2 from $43.21m during the same period a year ago, an announcement revealed. NPI attributable to unit holders dropped 37.8% to $26.86m from $43.17m a year ago. “The decrease…

Seletar Mall buy could add up to 10% to SPH REIT’s FY 2019 DPU

SPH REIT could see its DPU bolstered by between 7-10%, assuming a fully debt-funded deal for its acquisition of Seletar Mall, a report by Maybank Kim Eng revealed. According to Maybank KE’s analyst Chua Su Tye, the proposed…

Clear toilet signage part of good train system

While going through the gantry at Serangoon MRT station (near the NEL) recently, I overheard a woman asking for directions to the nearest toilet. After getting the information from the staff, she hurriedly moved on and got on…

Tiong Seng makes JV its unit by buying remaining 56% stake for S$1

Tiong Seng Holdings will acquire the remaining 56 per cent interest in a JV company Geostr-RV for S$1, making the JV a wholly owned subsidiary of the construction, civil engg and property development group. Tiong Seng said on…

Singapore REITs have been on the rise leading to concerns about them becoming too expensive

REITs have been a popular form of investment in Singapore for quite a number of years. However, analysts are now questioning their ability to remain a viable investment option in the future. Analysts from different organizations including CMC…

Commercial property transactions up 12.9% in 1H 2019

Singapore saw total investment sales volume drop to $11.4 billion in the first half of 2019 from $12.6 billion in the preceding period. Despite this, investment sales volume for commercial properties jumped 12.9 percent to $6.1 billion in…

Singapore’s first dementia care village to be built on site near Sembawang Park

A 30-year leasehold site near Sembawang Park has been put up for tender to pilot a new residential care community concept for persons with dementia. The site at Gibraltar Crescent will be specially designed to provide a safe,…

Man fined $600 for using oversized PMD in first case in Singapore: report

A 40-year-old man on Tues became the first person in Singapore to be convicted in court over the use of a non-compliant PMD. According to ST, Loh Izel Feizal was fined $600 for riding an e-scooter that was…

Weekly reported dengue cases hit highest peak since 2016; NEA calls for urgent action

A total of 666 dengue cases were reported last week (7 to 13 July) said NEA, which also called for urgent action to eliminate potential mosquito breeding habitats. On Tues, the agency said on its website that the…

Neighbour from hell makes family’s life a misery

A family in Singapore are said to be tiptoeing around their home or risk enraging their neighbour who will pound on the wall that separates their apartments if he hears so much as a drop of a pen,…

Guidelines for foreigners’ use of CC halls may be needed

The news report on the arrest of several Myanmar nationals for using Singapore to mobilise support of the Arakan Army is disturbing to say the least. What is more, they also held a gathering at a CC hall…

Govt can’t keep subsidising public transport operations

Mr Adam Reutens-Tan said seeking higher profits should not be the focus of public transport service providers (Train operators, as public service providers, should not be focusing on profits, July 12). While I agree with the view that…

Has the idea of a West Coast Extension been shelved?

LTA announced the new MRT projects that are to be built as part of the LTMP 2040 (Two new MRT stations for North-South Line, May 26). However, there was no mention of a previously announced West Coast Extension,…

Singapore’s Silicon Valley in the making

Singapore’s CBD has been a traditional favourite for technology companies for reasons that include ease of talent hiring and retention. Those who have sited their offices here include FB, Twitter, LinkedIn, Amazon, Alibaba, Lazada and Microsoft. In recent…

Alexandra Hospital to focus on non-emergency procedures

The newly-renovated Alexandra Hospital (AH) has become the first public hospital in Singapore to stop taking emergency cases, so it can focus on non-emergency procedures needed for a growing elderly population. This will also free up space at…

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