Daily Archives: October 15, 2019 (20 Articles Found)

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SLB reports S$1.9m profit for 1Q 2020

SLB Development posted net profit attributable to the owners of the Company of S$1.9 million riding on the back of S$7.7 million in revenue for the first financial quarter ended 31 Aug (1Q 2020). The revenue for 1Q…

Operators welcome police’s renewed push to curb violent crime in nightspots

Nightclub operators have welcomed the police’s renewed “smart clubbing” initiative to curb escalating violence at nightspots across Singapore, as they reiterated that simple measures could go a long way in defusing potential alcohol-fuelled aggression. Mr Daniel Cheng, MD…

Penthouse at Mount Faber Lodge sold for $4.4 mil

A triplex penthouse at Mount Faber Lodge was sold for $4.4 million ($1,188 psf) on Oct 13. The 3,703 sqft penthouse had been marketed by SRI since June this year. The caveat for the sale has not yet…

SGX RegCo strengthens cooperation with professional valuers

SGX RegCo has entered into an MOU with SISV to enhance standards of valuations of real estate and land. This issue of property and business valuation has become pertinent as more listed companies do deals that need to…

Hour Glass co-founder Jannie Chan’s share from forced sale of $3.85m apartment to be paid to Official Assignee

Four months after the bank took possession of their apartment for defaulting on mortgage payments, prominent businesswoman Jannie Chan and her younger daughter granted a pair of potential buyers an OTP the property. The Keppel Bay View property…

6 in 10 Singaporeans think that the Government should regulate prices of new condominiums: Survey

Singaporeans would like the Government to regulate prices of new private properties launched by developers and more of them than last year voiced this in a twice-yearly survey done by PG. Out of 794 respondents polled in the…

Competition watchdog approves BreadTalk’s acquisition of Food Junction

F&B firm BreadTalk Group has been given the green light by the competition watchdog to buy food court operator Food Junction Mgmt, which will make it the third largest food court operator here. CCCS said on Tues that…

Police’s ‘smart clubbing’ campaign switches focus to violent crimes as number of cases spikes

Violent crimes such as rioting, affray and serious hurt among party-goers grew by 55 per cent despite a recent campaign by the police which saw nightclub staff from participating outlets becoming more proactive in preventing disputes from escalating…

September private home sales rise to 7-year high

Sales of private homes by developers in Singapore rose 36.3 per cent year-on-year in Sept, official data showed on Tues. Data compiled by URA showed developers sold 1,270 units last month, excluding ECs, compared with the 932 units…

5 things to know about the newly gazetted Singapore River bridges

1) They’re pretty old – Opened in 1869, 1910 and 1929, respectively, the Cavenagh, Anderson and Elgin Bridges date back to Singapore’s colonisation by the British. Of the three, Cavenagh Bridge is one of only two remaining bridges…

40% of homes have switched from SP Group to new electricity retailers

About 40 per cent of residential consumers have switched from SP Group to a new electricity retailer as of end-Aug this year, EMA said on Tues. EMA said about 560,000 households have made the switch, out of the…

Additional $15M set aside for restoration of national monuments: Grace Fu

An additional $15 million will be set aside for eligible monument owners to support restoration projects over the next five years, said MCCY Minister Grace Fu on Tues. The monies, which will go into NHB’s National Monuments Fund,…

PAP’s ‘divisive approach’ to politics is polarising Singapore society: Pritam Singh

A few days after three Aljunied GRC MP were found by the High Court to be liable for damages suffered by AHTC, WP chief Pritam Singh, accusing ruling PAP of practicing “political double standards” in the approval of…

RedDoorz to add 11 Singapore budget hotels to network by end 2020

Singapore-based hospitality startup RedDoorz will expand its portfolio of 18 budget hotel properties in Singapore to 29 by the end of 2020. The five-year old hotel mgmt and booking platform operates both franchise and lease models for its…

New REIT on the block Lendlease Global REIT started at ‘outperform’ as top S-REIT pick: Daiwa

Daiwa Capital Markets is initiating coverage on Lendlease Global Commercial REIT with an “outperform” rating. According to analyst David Lum, the REIT’s 12-month forward DPU yield of 5.6% is higher than the sector average of 5.1% among Singapore…

Two Belmont Rd GCBs being sold

Two freehold bungalows along Belmont Road, the subject of mortgagee sales, are changing hands. The more advanced deal involves the smaller property located within the Cornwall Gardens Good Class Bungalow (GCB) area is being sold for S$18.6 million,…

As LTA’s operating deficit balloons, it’s time to rethink bus subsidies, say analysts

LTA’s operating deficit has ballooned almost 3.6 times over the past five years from S$672 million to S$2.412 billion, largely due to the introduction of the bus contracting model. Despite the eye-watering figure disclosed last Thurs when LTA…

80% of building spaces to be eco-friendly by 2030: CBRE

Majority of the GFA stock in Singapore will be ‘green’ by 2030—that is, they will adapt energy and water efficiency methods integrated with green spaces and will be constructed using eco-friendly materials, CBRE reported. As of Apr, 40%…

Letting pre-enlistees use Safra gyms may cause overcrowding

The Prep4NS programme should be reviewed further before it is implemented (Pre-enlistees for NS get free access to 6 Safra gyms, Oct 4), to ensure that public money is well spent, and that the programme does not come…

Pressure cooker society results in bad behaviour

In a pressure cooker society like Singapore, many HDB flat dwellers who commute by public transport and eat in hawker centres face annoyances of all sorts on a daily basis that encourage us to be selfish and rude.…

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