Daily Archives: August 30, 2019 (31 Articles Found)

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IWG banks on multi-brand strategy for growth

London-listed IWG, a global operator of office and flexible workspaces, is banking on its multi-brand strategy to expand its presence in Singapore. Over the past five months, its Spaces brand has opened in new locations – TripleOne Somerset,…

Singapore bank lending drops in July as home loans shrink further: MAS preliminary data

Bank lending in Singapore dipped in July from a month ago on broad weakness across both business and consumer loans, preliminary data from MAS showed on Fri. However, there were still some segments that held up, such as…

Singapore’s zero-waste plan aims to raise domestic recycling rate from 22 to 30 per cent by 2030

The Singapore government has launched an eagerly awaited masterplan to tackle the city-state’s acute waste problem, with new targets set to reduce the burden on the island’s only landfill site and create circular economy opportunities around packaging, electronic…

New St Andrew’s Nursing Home opens in Taman Jurong

When 91-year-old Ang Swee Huay was diagnosed with dementia last year, her biggest worry was her two adult children who have mental health conditions. Madam Ang is the sole caregiver for her 57-year-old daughter and 56-year-old son, who…

Sembawang Hot Spring Park to open to public in January

Visitors who are looking forward to visiting Singapore’s only natural hot spring on the mainland in Oct will have to wait a few more months. While construction of the Sembawang Hot Spring Park is on schedule to be…

Statues of region’s natural history pioneers unveiled for Singapore’s bicentennial year

Two hundred years ago, Singapore looked nothing like the sprawling metropolis it is today. Like the rest of SEA, it was covered with large swathes of relatively unexplored jungles. But two intrepid explorers – British naturalist Alfred Russel…

URA to conserve former Singapore Chinese Girls’ School buildings in Emerald Hill

Plans are in the works to conserve three buildings at the site of the former SCGS in Orchard Road, said URA on Fri. It said it has proposed their protection and that the buildings will be adapted to…

Kenny Rogers Roasters to open in Jem in October, after closing last outlet in April

Just four months after American rotisserie chain Kenny Rogers Roasters shut its last outlet at Great World City in Apr, the brand has confirmed that it will return by early Oct. Its new 2,200 sqft store – which…

Plans to cut daily waste sent to landfill feasible, but some gaps remain in implementation: Experts

Environment experts believe that the aim to reduce the amount of waste sent to the Semakau Landfill each day by 30 per cent by 2030 is within reach, but how the plans are implemented will determine whether the…

Train operators told to consider longer intervals during off-peak periods to reduce cost

To reduce maintenance costs of MRT lines, the intervals between trains during off-peak periods could be further lengthened to match the reduced commuter demand, according to the findings of an intl panel. Revealing this to an audience of…

Sun Venture secures $455m loan to buy 71 Robinson Road

Sun Venture has secured a $455m green club loan for the acquisition of 71 Robinson Road and finance future investments to improve its environmental footprint, an announcement revealed. Sun Venture said that it plans to improve its energy,…

Commercial property transactions fell below US$5b mark in H1

Commercial real estate transaction volumes in Singapore fell below the $6.94b mark in the first half of the year, trailing behind most of its Asian peers, according to the Real Estate Summary report of UBS Mgmt. Overall, APAC…

30-year factory and warehouse leaseholds fell 1.1% in Q2

This chart from Savills show that prices of 30-year leasehold industrial units continued its three year decline, falling by a further 1.1% QoQ to $333 psf in Q2. Compared to other tenures, Savills reported that the decline in…

Art meets fashion at The Shoppes at Marina Bay Sands

The Shoppes at MBS has created a host of activities for shoppers to “rediscover luxury” in celebration of the Fall Winter 2019 fashion season. A chic installation will be located at the Grand Colonnade Bay Level of The…

Rail reliability improves across entire MRT network: Khaw Boon Wan

Transport Minister Khaw Boon Wan has lauded the efforts of transport agencies and train operators as the rail network reached a series of reliability milestones. “Last month, our entire MRT network recorded a MKBF of over one million…

August 2019 likely the driest and warmest on record, says Met Service

This month was likely Singapore’s driest and warmest Aug on record, said MSS on Fri. The record-breaking readings come as the country experienced its first dry spell in more than five years, from Jul 31 to Aug 16.…

Duty-free retailer replacing DFS at Changi Aiport has to up its game, say analysts

The company that will take over DFS’ tobacco and liquor business at Changi Airport must provide customers with more appealing options to live up to the reputation that DFS has built over the years, said retail analysts. Changi…

New trial could enable drone inspections, better Web experience for visitors to Singapore’s Southern Islands

If you see drones flying about when visiting Singapore’s Southern Islands, don’t be alarmed. They are part of a wider trial by authorities to bring “low-cost, reliable and long-range connectivity” to these far-flung areas using an under-utilised radio…

SMRT studying option to suspend Bukit Panjang LRT during off-peak hours: Khaw

SMRT is studying options on BPLRT network, such as whether to suspend it during off-peak hours and replace the service with buses, Transport Minister Khaw Boon Wan said on Fri. He said while maintenance across the MRT lines…

Killer litter at Outram condo: Man charged with causing death of 73-year-old by rash act

A man was charged on Fri over a killer litter incident that took place two weeks ago at a condominium along Spottiswoode Park Road. Australian national Andrew Gosling, 47, faces one charge of causing the death of 73-year-old…

Singapore aims to cut daily waste sent to landfill by 30% by 2030 to extend Semakau’s lifespan

With the Semakau Landfill set to run out of space by 2035, MEWR has set a new waste reduction target to extend Semakau’s lifespan. The Zero Waste Masterplan launched on Fri, aims to reduce the waste sent to…

Singapore occupancy rate surpassed 90% for the first time

Singapore and Hong Kong-registered contrasting results for hotel performance in July 2019. STR’s latest data showed that hotels in Singapore, which is one of the fiercest rivals of Hong Kong, saw occupancy rate increase 1.9 per cent to…

PropertyGuru Property Index Q2 2019

Sales of new mass-market projects rose by 8% in Q2 2019, and this was led by two mega-projects, namely the 2,203-unit Treasure at Tampines and the 1,140-unit The Florence Residences, according to URA data. By definition, mega-projects refer…

ET&Co rebrands as Edmund Tie

ET&Co has rebranded as Edmund Tie in Singapore and Thailand, and Nawawi Tie in Malaysia. The new brands will serve to unify corporate identity across all offices in these countries. New logos will be rolled out across all…

Resale unit at Balmoral Plaza reaps $1.82 mil profit

At Balmoral Plaza, the seller of a unit made the top gain of $1.82 million over the week of Aug 13 to 20. The 2,379 sqft unit on the third floor was bought for $1.28 million ($538 psf)…

Unit at 3 Cuscaden sold at high of $4,162 psf

A 420 sqft, one-bedroom unit at 3 Cuscaden was sold for close to $1.75 million or $4,162 psf, according to a caveat lodged with URA Realis on Aug 13. This is the highest price psf achieved at the…

Government subsidy should not go to luxury seafront homes

During PM Lee’s NDR, he mentioned that among other developments, HDB flats will also be built on the land where Keppel Club sits, which is part of the 30km Greater Southern Waterfront. Public housing is subsidised by the…

Consider ‘rent with option to buy’ scheme for flats at Keppel site

News reports on the prospect of public housing being built on the land where Keppel Club now sits have raised concerns about a “lottery effect”. Experts have raised the idea of a longer MOP to mitigate that effect.…

Canopy Park attractions safety tested

We refer to the letter by Ms Jolene Lim Xiuzhen (Safety concerns at Jewel Changi Airport, Aug 26). At Jewel Changi Airport, the safety of our guests is of paramount importance. Canopy Park’s attractions have undergone numerous safety…

Proposed Bill will protect wildlife from ignorant nature lovers

In arguing that the proposed Bill on wildlife may penalise nature lovers, the many examples Mr Lee Chiu San cited focused on the actions of responsible, knowledgeable people (Proposed Bill on wildlife may penalise nature lovers, Aug 27).…

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