Daily Archives: August 13, 2019 (18 Articles Found)

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Proptech startup REALly raises S$500,000 in seed funding

Property mgmt marketplace REALly has raised S$500,000 in seed funding from strategic advisory Huntington Partners, alongside angel investors, the company said on Tues. The Singapore-headquartered startup has developed an app for property managers to coordinate the numerous tasks…

Braddell View launches another en-bloc bid, barely 3 months after failed attempt

The largest private residential site here, Braddell View, is on the market again just three months after a failed en-bloc sale, with the same asking price of S$2.08 billion. Conventional wisdom suggests the chances of a sale are…

Home sharing platforms proliferation here inhibited by legal restrictions

Home sharing platforms (HSPs), boosted by increasing internet penetration rates globally, have helped to rapidly expand the short-term rentals market, said a recent report by DBS. The special report on home sharing platforms added that enabling residential homes…

Good Class Bungalow at White House Park for sale from $75 mil

A Good Class Bungalow (GCB) at White House Park, sitting on a land of 35,290 sqft, is up for sale at an asking price of $75 to $80 million ($2,125 psf to $2,267 psf). White House Park, in…

PropNex posts 11.9% drop in 2Q earnings to $3.7 mil

PropNex posted an 11.9% drop in earnings to $3.7 million for the 2Q19 ended June, from $4.2 million a year ago. 2Q19 revenue fell 24.3% to $92.1 million, from $121.6 million a year ago. This was mainly due…

Bicycle-sharing firm Moov applies to expand fleet of 1,000 bikes

The shared bike population in Singapore could grow further with newcomer Moov Mobility looking to expand its fleet. The firm has applied to graduate from a sandbox licence to a full licence in LTA’s latest bicycle-sharing licence application…

Not enough service staff? Why not ‘hire’ a robot

Robots are often spotted in factories and warehouses now, but put one in the middle of Raffles Place and it invites curious stares. Experts say that Singapore holds its own when it comes to developing robotic technology, especially…

Young activists planning ‘green dot’ gathering on Sept 21

A “green dot” rally is being planned for next month at Hong Lim Park. About 15 young activists in Singapore are organising a climate action rally on Sept 21, in line with the global youth movement inspired by…

Property investment sales soared 49.2% to $7.26b in Q2

This chart from Savills shows that property investment sales rose 49.2% QoQ to $7.26b in Q2 from $4.98b in Q1. This was bolstered mainly by the commercial property sector, which saw a few block transactions of privately-owned properties…

Lukfook Jewellery opens flagship store in ION Orchard with an appearance from Hong Kong’s TVB artiste Nancy Sit

Renowned Hong Kong-based jeweller Lukfook Jewellery opens its flagship store at ION Orchard’s jewellery street, a prime location in the heart of Orchard Road. Located at #B2-63 and spanning 1,851 sqft, the brand new flagship store offers new…

Putting the ‘green’ in built environment

In 2016, after Super Typhoon Meranti devastated southern China with wind speeds of 170 km/h, Elmich’s Green Wall at JI Hotel Xiamen remained completely unscathed – concrete evidence of the company’s superior product. Two years later, Elmich Pte…

Shorter operating hours for some NSL stations in August, September to facilitate works

Some MRT stations on NSL will open late and close early from in Aug and Sept to facilitate power supply system renewal and maintenance works, SMRT said on Tues. Six stations between Bukit Batok and Marsiling will open…

Vegetation fire the size of 2 football fields breaks out near East Coast Park

A vegetation fire broke out near East Coast Park on Mon night. SCDF said it was alerted to the incident at about 8.50pm at the junction of Marina East Drive and East Coast Park Service Road. The fire…

SG Bike set to acquire Mobike’s Singapore license

Singapore’s SG Bike has agreed to take over Mobike’s bike-sharing operator’s license in the city-state, pending regulatory approval. Mobike will transfer its operator’s license, as well as its bicycles and users, to SG Bike, should LTA approve a…

Braddell View relaunched at the same price

Singapore’s largest private residential site – Braddell View – has been relaunched for collective sale, with the price unchanged at $2.08 billion, revealed Colliers Intl. The price works out to a land rate of around $1,159 psf ppr,…

Impose charges from 3rd plastic bag

Recently, there have been a number of articles on plastic waste. There have also been calls to impose charges on the use of plastic bags. However, these suggestions have not gained ground, and it has been argued that…

Allow owners to trade in non-compliant PMDs

The deadline requiring PMDs to comply with the UL2272 standard has been brought forward. However, getting owners of non-compliant PMDs to voluntarily scrap their devices seems to be a path of resistance that will require enforcement efforts. To…

Ways to enhance safety among PMD riders

I am grateful to the MPs who spoke up on PMD debate, as well as to the authorities for banning PMDs at void decks and common corridors of HDB blocks. I would like to put forward some additional…

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