Daily Archives: October 8, 2019 (22 Articles Found)

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Accor to launch 13 new budget hotels in Singapore

Hospitality group Accor has inked a deal with Global Premium Hotels (GPHL) to launch 13 Ibis budget hotels in Singapore. Rebranded from existing Fragrance hotels, the budget offerings will be available for booking through the company’s distribution network…

No need to make flat sizes smaller, MND

There is no need to make flat sizes smaller as the existing two-room Flexi units offered by the government already provide affordable housing options for singles, said MND in a written answer to Parliament on Mon. It was…

Singapore land went from being carbon absorber to emitter due to clearing of forests: Report

Land in Singapore had changed from being a net absorber of carbon in 2012 to a net emitter in 2014, due largely to land conversion from forests and other vegetated areas to settlements, a recent study by NParks…

Fire in KPE tunnel at Upper Paya Lebar Road exit

A fire broke out in KPE tunnel towards TPE at the Upper Paya Lebar Road Exit on Tues. LTA said on Twitter at about 1.30pm that the exit was closed due to the fire, while SCDF said that…

Honestbee to revamp Habitat supermarket as first step of its restructuring process

Troubled retail start-up Honestbee is looking to reverse its fortunes as it embarks on a restructuring process. A key priority is to refresh its 60,000 sqft Habitat supermarket in Pasir Panjang by late Nov as it bids to…

Tight office supply props up CBD office rents in 3Q2019

Last quarter, office space landlords maintained their rents due to tight vacancies and limited upcoming supply. Grade-A CBD office rents increased 0.4% q-o-q in 3Q2019 after remaining flat in the previous quarter. This is partly due to landlords…

Should e-scooters be banned in Singapore? 5 alternatives to an outright ban

1) Make it really hard to own an e-scooter – In places like New Zealand and Canada, riders are required to get a license before they can own/ride an e-scooter; 2) Make third party liability insurance compulsory –…

Pedestrian dies from injuries 5 days after getting hit by bicycle

A pedestrian who was hit by a bicycle died in hospital on Sun, five days after suffering a head injury that left him on life support. Mr Chew Fook Yew, 53, was knocked down by a cyclist at…

Permission from NParks needed to collect, pluck fruits on state land

Members of the public who wish to pluck or collect fruits – including those that have dropped – from trees located on state land, should approach NParks for permission, said MND Minister Lawrence Wong on Mon. He said…

E-scooter rider going at 28km/h at void deck injures man’s leg, gets 6 weeks’ jail

After his night shift at a bus depot, A Sujendran, a cleaner and part-time pump attendant, was riding his e-scooter home. Mr Mohamed Salam Kadir was a bus driver on his way to work for the morning shift.…

Female infant and male occupant sent to hospital after PMD-related fire in Bukit Batok flat

Two people, including a female infant, were conveyed to hospital after a fire involving a PMD broke out in a Bukit Batok flat early Tues morning, a day after a possible ban on such devices was mooted in…

2 in 5 Singaporeans want complete ban on PMDs: survey

Two in five Singaporeans call for a complete ban on PMDs following the recent spate of related accidents, a survey has found. Findings released on Tues from a study by UK-based research firm YouGov showed those who disagree…

Private condo resales down 1.5% to 743 units in September

Transaction volumes for private non-landed resales fell for the second straight month by 1.5% MoM to 743 units in Sept, according to SRX Price Index. On a YoY basis, the figure rose 8.5% and is also 5.1% higher…

Residential occupancy rates down 0.1 ppt to 93.6% in Q2

This chart from OrangeTee & Tie shows that overall occupancy rates of completed private residential homes in Singapore fell by 0.1 ppt to 93.6% last quarter, driven by occupancy declines in CCR and OCR. Occupancy rates slipped in…

Singapore housing market ‘remarkably stable’: UBS

Singapore’s housing market remains in the fair-valued zone after government regulations reined in the growth of property prices, according to the latest UBS Global Real Estate Bubble Index. “The brief housing boom between mid-2017 and mid-2018 is over.…

Amazon launches bigger local online store in Singapore

Amazon.com has launched a bigger local store and marketplace in Singapore, expanding its product selection and intensifying competition with rivals such as Alibaba Group Lazada and Sea’s Shopee. The US company launched local online shopping in the wealthy…

Why going digital-only is not a win-win solution

Digital transformation has hit countries around the globe. The Lion City is one of the world’s top hotbeds for technology and innovation today. Despite the increasing availability of alternative payment methods like mobile transfers and QR codes, many…

Andaz Singapore hotel at Duo sold to Hoi Hup for record $475 mil

M+S has agreed to sell all the shares of its wholly-owned subsidiary, Ophir-Rochor Hotel, to Hoi Hup Realty for a sale consideration of $475 million or $1.39 million per key. Ophir-Rochor Hotel is the developer and owner of…

Perennial unit filing claim against Sakae’s ex-director Andy Ong over property acquisition

Perennial Real Estate Holdings’ associate TYN Investment (TYNI) has applied to the court seeking leave to start a claim for conspiracy against Griffin Real Estate Investment Holdings (GREIH) and Singaporean entrepreneur Andy Ong Siew Kwee. The claim filed…

Sembcorp, EMA jointly award grant to NTU to develop Singapore’s first virtual power plant

Sembcorp Industries and EMA have jointly awarded a grant to NTU to develop Singapore’s first virtual power plant (VPP). The VPP acts like a “single utility-scale power station” and coordinates electricity produced from distributed energy resources (DERs) at…

MND responds to queries on HDB rental flats applications

Png Eng Huat recently directed queries to MND Minister regarding: the number of public rental flats that are unoccupied as of Aug 2019; the current number of accepted rental flat applicants on the waitlist and what is the…

Seniors receive average LBS proceeds of $177,000

With LBS enhanced in Apr 2015 to cover four-room flats, seniors who took up the scheme received average proceeds of $177,000 per household, including the LBS cash bonus, revealed MND in Parliament on Mon. In its written reply…

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