Daily Archives: September 12, 2019 (16 Articles Found)

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New measures will increase stability of housing market: Analysts

The new EHG will result in the gradual bottoming and increased stability in HDB resale market but may slightly pull down activity in the private market, analysts said. An estimated 75% of Singapore households (or more than 40,000…

Agent investment and growth is no small matter to Kelvin Fong

The property market is just like any other, with rosy and dull days. But whatever the market situation may be, Kelvin Fong, Executive Director at PropNex, believes that once agents are equipped with the skills they need, they…

‘Can my kid still cycle under the block?’ Some residents confused about PMD void deck ban

While many had initially cheered the ban on PMDs at void decks and other common areas of public housing estates, the measure has created confusion and inconvenience for some residents, especially parents with young kids. Less than two…

Make it mandatory for PMD owners to have fire extinguishers at home

I am not a PMD user, but I have neighbours who use them. The spike in fires breaking out in public housing estates due to PMDs alarms me and I hope the task force can reduce or eliminate…

At 60, he opened a hidden bike cafe at Seletar airport where you can eat and watch planes take off

For many of us, hitting our golden years probably means slowing down our pace of life, focusing on loved ones and contemplating whether it’s time to hand over the reins and retire. For 64-year-old Poon Kng Joo (better…

Finance sector urged to turn to flexible workspaces for rental savings

Flexible workspaces, which accounted for 2-5% of Grade A office space in Hong Kong, Tokyo, Singapore and Shanghai in 2018, can help reduce real estate costs for the finance sector which holds the distinction as the largest tenant…

Tenders awarded for three GLS sites

Tenders for three GLS sites were awarded by URA on Sept 12. The tenders for the sites, at Tan Quee Lan St, Bernam St and one-north Gateway, closed on Sept 5 and were awarded to the three highest…

7 HDB schemes Singaporeans must know

1) Staggered down payment scheme – You don’t need to pay all the down payment upfront. You have the option of splitting the down payment into 2; 2) Deferred down payment scheme – For retirees who are downsizing…

Helping seniors on rehab stay active with boxing and football

As seniors are sometimes reluctant to continue with their rehabilitation, a new approach sees them taking boxing lessons and playing football to get them excited about getting better. For 81-year-old Ho Ah Eng, who has an unsteady gait…

Good class bungalow at Belmont Rd in 3rd bid at mortgagee sale with price shaved again to $39m

A good class bungalow (GCB) at 80 Belmont Road, owned by The Stratech Group’s Chew family, will be relaunched for auction next week with a lower guide price of $39 million, Knight Frank said on Thurs The auction…

Changes in HDB grants: No price spikes for resale flats but EC crunch could worsen

While the resale market for ageing flats is set to see a boost from changes to housing grant schemes that kicked in yesterday, the prices of such flats may not necessarily rise in tandem with increased demand, property…

Sembcorp in deal with UBS to set up solar-powered offices in Singapore

UBS will be Sembcorp Industries’ first renewable energy partner in the financial services industry, as the two have signed a long-term solar energy deal in Singapore. As part of the deal, Sembcorp will provide locally-sourced renewable power to…

70-year-old cleaner hit by a bag of rubbish thrown from high-rise unit

A cleaner was hit by a bag of rubbish thrown from height at Braddell View on Sept 2 while Ms Phang Aik Kam, 70, was cleaning the area near the bicycle racks at the 25-storey Block 10D. She…

Time to clear air on second-hand smoke

Avoiding second-hand smoke outside of the home is still difficult as smoking remains permissible in many public areas. Despite laudable measures by the Government to curb smoking in Singapore, their effectiveness remains to be seen. I chanced upon…

Fewer condos, HDB flats leased in August but rents largely unchanged

The number of rented HDB flats fell by 20.7% YoY to 1,490 units in Aug compared to the same month a year earlier, according to data from SRX. On a monthly basis, volumes decreased by 22.2% MoM compared…

Jervois Road Good Class Bungalow for sale at $38.8m

A good class bungalow (GCB) along Jervois Road has been put up for sale via tender, carrying a guide price of $38.8 million. This works out to $2,007 psf based on the property’s total area of 19,333 sqft.…

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