Daily Archives: September 4, 2019 (29 Articles Found)

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S’pore was no trading hub before Raffles’ arrival

Mr Osman Sidek seems to take exception to any regard for the progress that Singapore made as a British colony (Don’t make light of anti-colonial sentiments, Forum Online, Sept 3). Since the organisers of the bicentennial commemoration have…

32 shophouses along Lavender St, Serangoon Rd for sale with S$138m guide price

A portfolio of 32 freehold city-fringe shophouses located along Lavender St and Serangoon Road has been launched for sale by public tender at a guide price of S$138 million, JLL announced on Wed. Assuming no DC is payable,…

St George’s Rd shops, apartments up for collective sale at S$26.5m

A row of three shops and the residential units above them along St George’s Road will be launched on Thurs for collective sale via private treaty at an asking price of S$26.5 million. Located at 2, 4 and…

Conservation shophouses in Geylang, Joo Chiat up for sale

Two sets of conservation shophouses have been put up for sale via EOI, with the first set involving a row of seven conservation shophouses in Geylang, revealed Knight Frank. The second involved two adjoining shophouses at Joo Chiat…

Fragrance Group acquires other Waterloo Street apartment for $141 mil

Fragrance Group is acquiring Min Yuan Apartments, through its wholly-owned subsidiary Fragrance Victory, for $141 million. Located at 62 Waterloo Street, Min Yuan Apartments has a tenure of 999 years a land area of 1,359 sqm with a…

Soilbuild Construction secures new construction project worth $14 mil

Soilbuild Construction Group has secured a new construction project worth $14.0 million through its wholly-owned subsidiary SoilBuild. In an SGX filing on Wed, the group reported that the contract was from a return customer and to construct a…

D’Grove Villas relaunched for sale at $392m

Freehold high-rise residential development D’Grove Villas has been relaunched for sale at a minimum expected price of $392m or $2,908 psf ppr, Centaline Singapore announced. Located within District 10 in the Ardmore precinct, the 21-storey development sits on…

MPs question Government’s stand on single-use plastics as Parliament passes new sustainability Bill

The issue of single-use plastics was discussed in Parliament on Wed, with some MPs reiterating a call for plastic bag charges. This came as MPs debated the Resource Sustainability Bill, which was passed on Wed. MPs lauded the…

BCA’s green building innovation grant gets S$20 million top-up

The built environment sector received a S$20 million boost to go green on Wed. This was announced by MND Minister Lawrence Wong at the opening of the inaugural Intl Built Environment Week (IBEW), organised by BCA. Mr Wong…

Police raid remote gambling den in Ang Mo Kio

Three men are under investigation for their suspected involvement in remote gambling activities, said the police on Wed. The men, aged between 47 and 67, were at a unit in an industrial building along Ang Mo Kio Ave…

New campaign and stiffer penalties needed for car engines left idling

I have seen many motorists leaving their cars idle with the engines running to enjoy the air-conditioning. This commonly occurs outside shopping malls and schools where parents are waiting to pick up their children, as well as at…

Consumers unlikely to bear cost of new sustainability measures: Amy Khor

A new law that compels companies to adopt more stringent measures to cut waste is unlikely to result in consumers having to pay higher prices, said Senior Minister of State for the Environment and Water Resources Amy Khor…

E-commerce giant Taobao opens first South-east Asian store in Funan mall

One of the world’s largest e-commerce websites, Taobao, which has played a key role in disrupting the retail scene, has opened its own brick-and-mortar store in Singapore. Owned by Alibaba, Taobao launched its first physical store in SEA…

McDonald’s removing straws and replacing some single-use plastics at 10 outlets

McDonald’s is trialling a reduction in single-use plastic at 10 of its restaurants in Sept. On Wed, McDonald’s said it would be removing straws and replacing various other items — plastic bags, cutlery, saucers and the McFlurry cup…

Tea chain Heytea expands in Singapore

Chinese tea chain Heytea will open a new store at Westgate, Singapore on Sat. The minimalist store design is inspired by the traditional Chinese handscroll and attempts a “Zen” vibe intended to provide customers with an immersive store…

Shaw Theatres’ new cineplex at Paya Lebar Quarter features IMAX and Lumiere screens

The latest cineplex to open in Singapore is the new Shaw Theatres Paya Lebar Quarter (PLQ), the ninth one by Shaw Organisation. With a total of 12 screens — making it the highest number of screens in the…

Hong Kong edges out Singapore in liveability survey, Osaka and Tokyo among world’s top 10

Hong Kong has edged out rival Singapore by two places in the latest liveability survey by EIU, which ranked the Japanese cities of Osaka and Tokyo among the top 10 in the world. The research firm awarded the…

GuocoLand’s Meyer Mansion to preview on Sept 7

GuocoLand will preview on Sept 7 the new Meyer Mansion, its first addition in two years. The official launch will be on Sept 13. The pricing has yet to be finalised, but they should breakeven at the region…

City Developments secures $250 mil sustainability-linked loan from DBS

City Developments Limited (CDL) has secured an SDG Innovation Loan worth $250 million from DBS, to accelerate innovative solutions that promote UN sustainable development goals (SDGs). The loan encompasses a three-year revolving credit facility from DBS, and will…

World’s first flying taxi vertiport set to make landing in Marina Bay come October

Flying cars ain’t here just yet but Singapore will soon get the next best thing: hovering, flying, electric taxis. The world’s first vertiport (a portmanteau of “vertical” and “airport”) for electric vertical take-off and landing vehicles (eVTOLs) is…

ComfortDelGro launches trial for on-demand bus service

ComfortDelGro announced on Wed it has launched a three-month trial of an on-demand bus service in the eastern part of Singapore. Called ComfortConnect, the service has been available for residents in Tanjong Rhu and Meyer Road since Aug…

FairPrice to charge for plastic bags at selected outlets in month-long trial

From Sept 16, shoppers will be charged for plastic bags at seven NTUC FairPrice-owned outlets in a month-long trial, the retailer said on Wed. Plastic bags remain available for use at S$0.10 per transaction at the selected Cheers…

Private home completions to fall to five-year-low in 2019

This chart from Savills shows that 8,003 private residential units are scheduled for completion in 2019, 12.17% lower than the 9,112 units completed last year. This will be the lowest number of completed units in five years. Only…

OUE C-REIT and H-TRUST merger kicks into effect to create $6.9b entity

The proposed merger of OUE Commercial REIT (C-REIT) and OUE Hospitality Trust (H-Trust) has been deemed effective, creating an S-REIT with total assets of approximately $6.9b, an SGX filing revealed. This follows the approval from unitholders of C-REIT…

Tech@SG pilot spurs hopes of demand spike for home rentals

Singapore’s plans to expand its pool of foreign tech talent under a new scheme may help to boost the private home rental market here, property consultants said. “Based on what we’ve seen, there have already been more and…

This is what change in Jalan Kukoh looks like

To many Singaporeans, the word “poverty” calls to mind very specific imagery: that of malnourished children somewhere in Africa, begging for food on the streets. Or the dishevelled, homeless adults in less-developed parts of the world. A lot…

Update valuation methods on property units being sold en bloc

SISV reply (Distribution of collective sales proceeds depends on structure of developments, July 11) sidesteps the point raised by forum contributor Tan Wee Gee (Newer valuation method welcome for selling en bloc, June 26). Mr Tan’s point that…

Significant subsidies already in place for first-timer flat applicants

Singaporeans looking to purchase their first HDB flat is already provided with significant subsidies by the government. “These include pricing new HDB flats at a generous discount to market, and offering additional grants to first-timers,” said MND in…

LBS available for flat owners with outstanding mortgage loan of over $5,000

The rule that requires HDB flat owners to have an outstanding loan of not more than $5,000 to be able to avail of the LBS have been relaxed in Feb 2013. LBS allows older HDB flat owners to…

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