Daily Archives: August 16, 2019 (15 Articles Found)

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Singapore retail rents remain weak in 1H2019

Retail rents in Singapore remained weak in 1H2019, with URA retail rental index in the Central Region recording a 1.7% fall from end-2018, Colliers highlighted in a report released on Aug 14. Ground floor rents on Orchard Road…

Unmanned convenience stores that tap AI, facial recognition to debut by year end

The convenience store landscape is set to change with retailers making greater use of cutting-edge technology to pilot unmanned kiosks. On Fri, three Singapore brands – Octobox, OMO Store and Pick & Go – announced plans for new…

First dry spell in Singapore in more than 5 years: Met Service

Singapore is experiencing its first dry spell in more than 5 years, according to a MSS advisory on Fri. A dry spell is defined by MSS as a period of at least 15 consecutive days with daily total…

Some Aljunied residents want PMD ban at void decks; AHTC says it already has deterrent powers

Some residents in Aljunied and Hougang want PMD banned from HDB void decks and common areas, but WP-run AHTC said on Fri that it already has “powers” to deter people from riding such devices in common areas. “However,…

Obscure mall of the week: Ming Arcade

Ming Arcade is located near Orchard Road, along Cuscaden Road. It is one of the older malls in Orchard and was often patronised by Singaporeans in the 1960s to 1980s; at the time, it was a music and…

Shared bikes and e-scooters never were, and never will be a need in S’pore

Remember when we got along fine using the MRT, buses, taxis, and our own two feet as the usual transport methods besides driving to get around Singapore? It wasn’t a time too long ago, about six or seven…

Multi-storey carparks may be dengue breeding spots

A banner has just been hung in my neighbourhood issuing a yellow alert on dengue cases. The long dry and hotter season means we have to be more aware of the potential spread of dengue. While everyone has…

After Fed’s rate cut, where are Singapore interest rates and home loans headed?

Home owners hoping for some relief from their monthly mortgage repayments may be in for some disappointment, even if a benchmark local interest rate, which many home loans are pegged to, has edged down following a recent rate…

Condo rents rents up 0.8% in July, while HDB rents stay flat

Condo rents rose 0.8% MoM in July from June, as all three regions saw its rents up, according to a SRX Media Flash Report. CCR, RCR and OCR condo rents edged up 1.1%, 0.3% and 1%, respectively. On…

CDL weighs redevelopment options amidst Q2 profits slip

CityDev is actively evaluating redevelopment opportunities within its portfolio in a move that comes after a dismal Q2 performance that reversed the profit gains it achieved the previous quarter, according to analysts. Potential redevelopment targets include Fuji Xerox…

Top five S-REITs averaged total return of 47.4% YTD

The five best-performing S-REITs hit an average total return of 47.4% YTD, according to a note from SGX. These five are RHT Health Trust, Ascendas Hospitality Trust, Ascendas India Trust, Lippo Malls Indonesia Retail Trust and Mapletree Commercial…

Corner one-bedroom unit at Marina Bay Residences going for $1.7 mil

A 743 sqft, one-bedroom unit at Marina Bay Residences will be offered for the first time at ET&Co auction on Aug 28. The corner unit on the 30th floor has a guide price of $1.7 million ($2,288 psf).…

Cairnhill Plaza unit reaps $2.25 mil profit

The seller of a unit at Cairnhill Plaza made the top gain of $2.25 million over the week of July 30 to Aug 6. The 3,305 sqft unit on the 20th floor was bought for $3.05 million ($923…

Core Collective opens in Dempsey Hill

On July 12, Core Collective soft-launched its second location at 27A and 30B/C Loewen Road in Dempsey Hill. While the co-wellness space is new to the neighbourhood, the space has been amassing a pool of clients who stay…

Reinventing Soilbuild Group

Soilbuild Group Holdings’ new headquarters at Defu South St 1 features double-glazed glass walls to cut off the noise from the nearby Paya Lebar Airbase. Nine fish-tank-style meeting rooms overlook a central landscaped courtyard. There are also a…

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