Daily Archives: July 29, 2019 (20 Articles Found)

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Singapore’s hot-again housing market pays dividends for its biggest bank

Singapore’s newly buoyant housing market is proving a boon for its biggest bank. DBS Group nominated mortgage lending as a bright spot when releasing second quarter earnings on Mon. CEO Piyush Gupta said that after three quarters of…

Completed condo prices drop 0.7% in June after two months of gains: NUS Index

Prices of completed private apartments and condominiums in Singapore dipped 0.7 per cent in June from the previous month, falling after two months of gains. The figures are flash estimates released on Mon by NUS for its SRPI,…

Qianjian Realty unit acquires Phoenix Road apartments and shops via collective sale

A row of 36 apartments and commercial shops on the first floor at 2/A-B to 24/A-B Phoenix Road has been sold to CNQC Realty (Treasure), a subsidiary of Qingjian Realty (South Pacific) Group. The collective sale amounts to…

Hotel redevelopment site at Waterloo Street with 999-year tenure on collective sale

A 27-unit residential development at Waterloo St, with a vacant commercial unit on its first floor, has been launched for collective sale. The development, called Min Yuan, comes with an asking price of $145 million. Accounting for a…

65-year-old resident reveals why she cleans entire HDB block every week

A 65-year-old retiree, Mdm Feng Qing Rong, cleans up a HDB block in Tampines about once every week. Stomp contributor Bhuvana previously shared with Stomp about the lady who resides there and spares time to make sure all…

Watten Estate Condo up for en-bloc sale at S$536m, but analysts say price may be too high

The sprawling freehold Watten Estate Condominium in Bukit Timah is being put up for en-bloc sale at an asking price of S$536 million on Tues, Huttons said on Mon. This works out to a land rate of S$1,738…

Driverless shuttle bus to start passenger trial at NUS Kent Ridge campus

The NUSmart Shuttle, a self-driving shuttle bus, will begin taking passengers on Tues in a year-long trial after undergoing road tests for one-and-a-half months. This was announced by operator ComfortDelGro, Inchcape Singapore, EasyMile and NUS on Mon. The…

First phase of Jurong Port Tank Terminals officially open

Jurong Port and German tank operator Oiltanking opened the new Jurong Port Tank Terminals (JPTT) in Singapore on Mon. The terminal is supported by four deep-water berths, with drafts of up to 17.6m, and can handle vessels up…

4 environmental research projects focused on Mandai area to get $600,000 in grants

Analysing the possibility of using black soldier flies to manage carnivore dung and the influence of the Mandai district’s developments on the movement of the Sunda flying lemur – these are among four environmental research projects to receive…

SLA deputy chairman reappointed, 2 new board members added

MinLaw on Mon said it has reappointed Yeoh Oon Jin as the deputy chairman of SLA’s board along with six other members. Mr Yeoh is currently the executive chairman at PwC Singapore. Two new individuals will also join…

Watten Estate Condo to launch $536 mil collective sale bid

Watten Estate Condominium, a 104-unit development on Shelford Road in the Bukit Timah area, is up for collective sale. The freehold development is on the market for $536 million, or about $1,738 psf ppr. Factoring in the upfront…

It’s 2019: Are CCR condos still a good investment?

CCR condos are an interesting investment: it’s said these days that people don’t invest in them to get rich. Rather, they have to get rich first, and then invest in them. But have these investments really made money…

Office property investments nearly doubled to $1.9b in Q2

This chart from ET&Co shows that office investments sales value almost doubled to nearly $1.9b to account for 38% of total investment sales value in Q2 from what in Q1. It has beaten the residential segment which used…

Top office REITs averaged 19.6% YTD return

Singapore’s top four office REITs hit an average return of 19.6% YTD, bringing their 1Y and 3Y total returns to 20.1% and 51.5% respectively, according to a note from SGX. The four companies, which include CapitaLand Commercial Trust,…

Catholic pre-schools in Singapore to be managed centrally

Amid falling enrolment in church-run pre-schools, the Catholic Church is acting to support the 12 centres under its charge. It will from next year start a company limited by guarantee – a non-profit organisation – to manage all…

Foundations for the future: Things are finally looking up for the built environment sector

For the first time in three years, things are finally looking up for the built environment sector. Besides encouraging figures in growth and employment, new technology and opportunities in the industry are also ushering in an exciting time…

Staying ahead of the curve

For Greyform boss Bob Chan, it is difficult to attract young local talent to his company, which specialises in offering precast and prefabricated solutions to the construction industry. “In general, the younger folks see construction and precasting as…

The real push to fight climate crisis

As interesting as the approach of using effective communication to tackle climate change sounds, I believe this will do little to change the current situation (Communication key to tackling crisis: Expert, July 22). Have we really been lacking…

Woman warned after tending to plants on 10th-storey ledge

When an Ang Mo Kio resident looked out of his window last week, he was shocked. On the 10th storey of Blk 207 Ang Mo Kio Ave 1, he saw a woman on a ledge outside a window…

E-bike being charged bursts into flames at Boon Lay Drive void deck

Another fire caused by a charging PAB or e-bike broke out at an HDB block on Sat. This time, it involved a resident using an electrical socket in a public place to charge his PAB instead of in…

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