Daily Archives: October 11, 2019 (39 Articles Found)

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Singapore’s industrial sector to remain subdued

With global headwinds and uncertainties intensifying, Singapore’s industrial sector is expected to remain subdued with no quick recovery expected, particularly for its manufacturing and trade subsectors, revealed an Edmund Tie & Co report. It expects this to have…

Hike in private home prices does not allude to a buoyant market

While private residential prices appeared to have diverged from economic fundamentals as it continued to increase for the second consecutive quarter in Q3 2019, this does not allude to a buoyant market, according to Edmund Tie & Company’s…

Investment sales rise by 33.8% in 3Q2019

The total investment sales value in the property market jumped 33.8% q-o-q to $8 billion in 3Q2019, with private sector deals accounting for 76.5% of total investment sales. Public investment sales in the form of GLS Programme doubled…

Resale unit at Palm Spring in District 10 reaps $1.15 mil profit

The seller of a unit at Cashew Heights Condominium made the top gain of $1.24 million over the week of Sept 24 to Oct 1. The 1,658 sqft unit on the seventh floor was bought for $663,000 ($400…

Rare bungalow at Woollerton Park for sale at $26.8 mil

Nestled within the Woollerton Park Good Class Bungalow (GCB) area, a double- storey bungalow with a basement has been put up for sale with a price tag of $26.8 million. The house has a built-up area of approximately…

Bungalow at Sea Breeze Avenue for sale at $8.9 mil

A 3½-storey bungalow at 2 Sea Breeze Ave in District 16 will be up for its first auction by Edmund Tie on Oct 23, at a guide price of $8.9 million ($955 psf). The property has a floor…

Spaces opens at One Raffles Place

Spaces, a brand of flexible workspace operator IWG opened its flagship location at One Raffles Place on Oct 10. This is the sixth Spaces location in Singapore. Spaces One Raffles Place will occupy four levels, with a total…

New Afro-Asia Building secures The Great Room as anchor tenant

One of the oldest buildings on Robinson Road is getting a new lease of life as the new Afro-Asia i-Mark Building. Located at the corner of Robinson Road and McCallum Street, the new 19-storey, Grade-A office tower at…

DP Green’s Yvonne Tan on the future of landscape architecture

Conceptualised by PA, OTH represents a new model of community-focused development. But beyond this, OTH is also a symbol of the evolving scope of landscape architecture, says Yvonne Tan, director of DP Green. DP Green was the landscape…

CBD office tenants resist further rent hikes

Some office tenants in CBD are resisting further increases in rents, following nine consecutive quarters of increase in Grade-A office rents in the business area, according to a market report by Colliers Intl. Cumulatively, CBD Grade-A office rents…

4 questions about owning a HDB flat that you probably always had in your mind

1) Are Singaporeans HDB homeowners or merely tenants? HDB homeowners do have clear privileges over mere tenants. This includes being able to monetise our HDBs or pocket the profits from selling them; 2) Are HDB flats getting smaller…

The Great Room and owners of Afro-Asia i-Mark adopt revenue-sharing model

When Jalle Ang, CEO and co-founder of hospitality-based co-working provider The Great Room, viewed the location at the upcoming Afro-Asia i-Mark Building on Robinson Road, she was initially “very cautious”, she confesses. This was because other co-working operators…

AHTC case: Residents not surprised by verdict but many hope WP MPs will not be disqualified

Work at AHTC continues in earnest, WP chief Pritam Singh said, even as he and his fellow Aljunied GRC MPs, Ms Sylvia Lim and Mr Low Thia Khiang, study a judgment issued by the High Court on Fri.…

AHTC case: HDB urges town council to take steps to recover misused funds

AHTC should take steps to recover funds that have been misused, said HDB on Fri night. It was responding to a High Court judgment earlier in the day, which found three WP MPs – Mr Pritam Singh, Mr…

‘Cooking smell’ probe in Yishun flat: HDB finds no wrongdoing after complaint over alleged illegal food catering

A HDB inspection at a rental flat in Yishun due to complaints of a “cooking smell” was prompted by allegations that it was being used for illegal food catering operations, the board clarified on Fri. Last Thurs, FB…

Critics may be chewing up PMD users, but several retailers see mostly steady demand for devices

Despite tightened regulations governing PMDs and persistent calls to ban them because they are viewed as a public menace, demand for these vehicles have “generally remained steady”, several retailers told TODAY. However, they did acknowledge that there were…

Dyson’s axing of electric car project a setback to S’pore’s green transport push: Experts

Household appliance manufacturer Dyson’s decision to scrap its electric car project here due to a lack of commercial feasibility is a setback to Singapore’s vision to adopt a cleaner motoring system, experts told TODAY. They noted that turning…

To ease congestion at Causeway and Second Link, M’sia to invest S$27.9 million; RTS ‘to proceed’: Lim Guan Eng

The Malaysian government will invest RM85 million (S$27.9 million) beginning from next year to address the congestion problem at the Causeway and the Second Link, the country’s finance minister Lim Guan Eng said. In his speech in Parliament…

NUS SDE4 receives international recognition for building features designed to improve health and wellness

NUS has been awarded the WELL Certification at the Gold level by the Intl WELL Building Institute (IWBI) for its SDE4 building. The building is the first university building in the world to achieve WELL Certified™ Gold, and…

Ban phones in public libraries

On a recent visit to the Clementi Public Library, I noticed that about two-thirds of the visitors were using their mobile phones, retirees were there just to enjoy the air-conditioning, and many students were playing games on their…

AHTC case: Up to town councils to prove ‘true or proper loss’ in recovering damages from Workers’ Party MPs, says judge

It is up to the town councils to show what their “true or proper loss” is when they try to recover monies from eight defendants, including three WP MPs, in the next stage of a long-running civil suit.…

Novel roadway animal detection system to help improve wildlife connectivity on Old Upper Thomson Road

One by one they crossed the tarmac, their tails trailing behind them as they left the safety of one forest to reach the other patch of green at the other side of Old Upper Thomson Road. A camera…

300,000 new homes needed in 10 years as household size shrinks: CBRE

Singapore would need to build at least 25,000 housing units a year to reach 300,000 units by 2030 if the average household size will continue to contract at a similar rate with the past 10-year period, according to…

AHTC trial: WP’s Pritam Singh, Sylvia Lim, Low Thia Khiang found liable for damages against town councils; conduct was ‘improper’, dishonest in appointing FMSS

WP MPs Pritam Singh, Sylvia Lim and Low Thia Khiang have been found liable for damages suffered by AHTC and PRPTC, High Court ruled on Fri. All three MPs could now owe part of the S$33.7 million in…

Singapore’s seventh nature park opens in Thomson, with site of former village on its grounds

The 50-hectare Thomson Nature Park was officially opened on Fri, becoming Singapore’s seventh nature park. Located east of CCNR and buffered by Old Upper Thomson Road, the park houses the ruins of the former Hainan Village, offering visitors…

Mythbusting: How green are these green building solutions?

1) Bamboo as an alternative construction material – “Within an office setting, where maintenance and proper cleaning is regularly scheduled, is not usually a problem, but in areas of high traffic and heavy wear and tear, it can…

Retail Reits should be able to weather e-commerce threat

Two years since it made its foray into the local market, e-commerce giant Amazon has expanded its offerings with the launch of its Singapore website, which could put pressure on some retailers. Retail Reits, however, are unlikely to…

Think twice before clearing forests

I read with concern how Singapore has gone from being a carbon absorber to an emitter due to the clearing of forests (Study details how land use is linked to climate change, Oct 8). The benefits of conserving…

Some suggestions to keep PMD users in line

Both pro-and anti-PMD advocates have legitimate grounds for their respective positions. With several accidents involving PMDs already being reported, users need a major mindset change if they want to avoid a total ban on PMDs. In this regard,…

Singapore is just not ready for PMDs

The recent death of an elderly woman caused by a PMD user has elicited an official response. So, while we wait to see if errant PMD users will shape up, vulnerable pedestrians are at risk – an unacceptable…

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