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

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Cook & Tras: Six Senses Maxwell’s elegant library lounge offers a menu made of sustainable, natural ingredients

Six Senses Maxwell, which opened in Dec last year after its sister site Six Senses Duxton launched last Apr, is a beaut to behold. Its minimalistic facade may not tower over you in a grand fashion — heck,…

Tuan Sing 2Q earnings halved to $1.5 mil on higher finance costs, income tax expenses

Property developer Tuan Sing Holdings reported earnings of $1.5 million for 2Q19, down 50% from 2Q18. Revenue for the quarter fell 9% to $73.9 million from a year ago mainly due to lower revenue from industrial services segment,…

Five types of people you’ll meet in Balestier

Balestier is known for its quirky, eclectic character. Take a stroll through and you’ll soon come across five types of folk who frequent the vicinity. 1) Home renovators – Two of Singapore’s most popular tile purveyors, each cap…

Co-investment platform Fraxtor closes funding for maiden property development project

Fraxtor Capital, a real estate co-investment online platform, has closed the equity fund-raising for its first freehold landed development project in Singapore. The start-up aims to make real estate investing more financially accessible to individuals. The minimum investment…

E-scooter rider who hit Taiwanese tourist outside MRT station found guilty

A Taiwanese tourist had just walked out of Chinatown MRT station when an e-scooter knocked into her right heel, causing her to fall and hit her head against the ground. Madam Liang Yuan-Chia, 45, was taken to SGH…

Private property resale transactions down 50% while sales of new units jump: Huttons

While sales of new private homes rose in the second quarter from the same time last year, the private property resale market remained in the doldrums, Huttons said in a report on Wed. Between Apr and June, there…

Shut Jurong West Hawker Centre and repurpose site

Ms Jamie Tan’s letter reminded me of the Jurong West Hawker Centre, which made headlines late last year for its tray deposits and slow business. I have lived along Jurong West St 74 for 23 years and am…

Singapore’s Generation Z won’t be mall rats

Singapore’s malls are showing some resilience to the global hollowing out of physical retail by online shopping. The demographics of the smartphone generation are still against them, though. Suburban middle-class shopping centres put up a strong show in…

Frasers Centrepoint Trust NPI down 1.1% to $34.6m in Q3

Frasers Centrepoint Trust’s (FCT) NPI slipped 1.1% YoY to $34.6m in Q3 from $35m in 2018. However, revenue edged up 1.6% YoY from $48.32m to $49.1m. It blamed its dismal NPI performance on higher property expenses arising from…

Mapletree Industrial Trust’s NPI grew 12.2% to $77.92m in Q1

Mapletree Industrial Trust (MIT) started its FY 2019/2020 on a high note after its NPI jumped 12.2% YoY to $77.92m in Q1 from $69.46m in the same period last year. The firm attributed its strong performance to new…

Teens who caused hour-long HDB block blackout given probation

When a group of four teenagers noticed that the lock to a HDB block’s switch room was flimsy, they broke in and pulled the switch to the power supply. As a result, the entire block in Woodlands Ave…

Katong’s Kinex mall adds more shops

Katong’s newly-revamped Kinex mall had expanded its shopping offerings. Previously known as OneKM Shopping Mall, the mall has added more space for shoppers to relax, additional eateries and spaces for pop-up stores and events. Kith Cafe, a brunch…

Anello opens first Singapore store at Jewel Changi

Japanese backpack and accessories brand Anello has opened its first Singapore store, at Jewel Changi. Targeting Singapore residents and visitors alike, the 625 sqft store offers a wide selection of designs as well as exclusive and limited-edition collections…

Credit Suisse sees S-Reit valuations staying elevated; favours retail Reits

Valuations of Singapore Reits might stay elevated after getting back to their previous highs, with the search for yield likely to continue as central banks keep interest rates low amid a hazy trade and economic outlook, said Credit…

ISOTeam to buy group of 6 construction management firms for S$24m

ISOTeam will buy Coney Intl Ltd’s entire stake in Pure Group, comprising six construction mgmt firms, for S$24 million in cash and shares. It has entered into a conditional SPA with Coney Intl Ltd and Peter Dodson Coney,…

Could solar energy sharing between Australia and Singapore be a model for other regions?

An ambitious plan to export solar electricity from Australia’s Northern Territory to Singapore could transform the latter’s energy landscape—eroding the longstanding predominance of natural gas in its fuel mix—and be a model for other regions of the world.…

Project Wolbachia still in study phase, will not be deployed in dengue clusters: NEA

Project Wolbachia is still in the research study phase and is not ready to be deployed in dengue clusters, said NEA on Wed. Together with MOH, NEA said Project Wolbachia, which took home a distinguished award at the…

The lower immunity behind the current dengue outbreak

To understand the current dengue outbreak, it is useful to think back to the situation in the years following independence. Fifty years ago in Singapore, dengue was rampant. It was then a disease of childhood and most Singaporeans…

$70m to be pumped into R&D to devise urban solutions

In the face of existential threats such as climate change and rising sea levels, the Government will invest nearly $70 million over the next two years to tackle urban challenges and devise solutions. It has put out grant…

Three hospitals ban charging of PMDs, except in specified areas

Three hospitals in Singapore have banned patients, visitors and staff from charging PMDs and motorised wheelchairs on their premises for fear of fires – except in certain closely monitored areas that are equipped with fire extinguishers. The three…

Fires in HDB homes are alarming

A spate of blazes that hit public housing flats in the past months – several as a result of exploding PMDs that were left to charge – should sound alarm loud enough to rouse complacent residents who believe…

Studies for West Coast extension ongoing

We thank forum contributor Lee Jia Xin for the letter (Has the idea of a West Coast Extension been shelved?, July 16). Studies on the possible extension for the JRL to connect to the Circle Line (CCL), including…

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