Daily Archives: October 23, 2019 (18 Articles Found)

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Singapore must adapt to rising sea levels by basing policies on science: Amy Khor

The seas are rising faster than expected, and Singapore is getting ready to adapt to the consequences. Dr Amy Khor, Senior Minister of State for the Environment and Water Resources, said on Wed the country is preparing to…

Autonomous scooter developed in Singapore all set to go on the market

An autonomous scooter designed by a team of researchers in Singapore is now ready to go on the market. It could be deployed for use in areas such as within hospitals, tourist attractions and university campuses, if plans…

Lawyer fined $50,000 for breaching rules that safeguard money for property deals

A veteran lawyer was fined $50,000 on Wed for breaching rules that were put in place to safeguard monies held by law firms on behalf of the parties of property transactions. Mr Dhanwant Singh, who acted for the…

Mortgage category – Do you understand the loan you are taking?

Knowing your mortgage category entails understanding whether the rate will be fixed or adjustable. To know your mortgage category, you will need to provide the lender or broker with certain financial and employment information and documentation during the…

‘One of S’pore’s greatest nature warriors’: Subaraj remembered by many as an inspiration, voice for animals

Before they were married, the late iconic conservationist Subaraj Rajathurai, who died on Tues at the age of 56, told his wife that two things would come before her. “Nature, first. God, and then the wife,” said Mrs…

The history of City Hall to come alive at the ‘City Hall: If Walls Could Talk’ exhibition

From today onwards, see history unfold right before your eyes at the ‘City Hall: If Walls Could Talk’ exhibition at the National Gallery of Singapore. In conjunction with the Singapore Bicentennial commemoration in 2019, this immersive exhibition takes…

CapitaLand and CDL preview Sengkang Grand Residences on Oct 25

Property giants CapitaLand and City Developments Ltd (CDL) will begin the public preview of its mixed-use development Sengkang Grand Residences on Fri. It will be the first integrated community and lifestyle hub in the northeast region. Located on…

Analysts neutral on CapitaLand Mall Trust on weak retail outlook, but AEIs may help spur growth

Analysts are keeping a rather neutral stance on CapitaLand Mall Trust (CMT) following its results announcement on Oct 21. Following the results announcement, RHB Group Research is staying “neutral” on CMT. Although the trust’s results were in line…

MCT secures $670m green club loan to finance MBC II buy

Mapletree Commercial Trust (MCT) has secured its first $670m green club loan to partly finance its acquisition of Mapletree Business City Phase 2 (MBC II), an SGX filing revealed. Completed in 2016, MBC II has been designed with…

Check out the top office investments in Q3

This chart from JLL Research shows the top three property transactions in the third quarter, led by the $1.57b sale of Duo Tower & Duo Galleria to German firm Allianz Real Estate and Hong Kong-based Gaw Capital. This…

HDB reports S$2 billion deficit in latest financial year as fewer flats sold

HDB saw its annual deficit rise to nearly S$2 billion in the 2018/19 financial year from S$1.7 billion the previous year, with the number of new flats sold falling significantly. According to its annual report released on Wed,…

Delta-shaped site at 62 Florence Road for sale for S$13.5m

A residential site located at 62 Florence Road, off Upper Serangoon Road, has been put up for sale by CBRE via public tender for an indicative price of S$13.5 million, which translates to S$850 psf. The unique delta-shaped…

Homing in on science in Tengah town

Future residents of the new Tengah town can take comfort, the fact that their smart homes will be cool by design as the days get hotter because of climate change. The buildings in Singapore’s first smart-enabled town will…

Driverless cars will reduce but not eradicate congestion, road deaths, say experts

AVs will not eradicate congestion or road deaths, according to experts speaking at the 26th ITS World Congress here. Dr Mahmood Hikmet, head of research and development at New Zealand driverless shuttle start-up Ohmio, said the communication around…

Singapore’s move to host climate meeting shows its commitment: Experts

Singapore is hosting a meeting of the UN climate science body for the first time this week, in a move experts say demonstrates the Republic’s commitment to tackling climate change. Professor Jim Skea of the Centre for Environmental…

Mergers and consolidation as property agent firms boost expenses on tech

The slowing property market has claimed 11 casualties over the last two years amongst the 55 real estate agencies ranked in 2017. Some big names have merged, including Edmund Tie and OrangeTee into OrangeTee & Tie and Scotia…

Professional standards of property agents have improved, industry players say in response to criticism

The professional standards of property agents have improved over the years, industry players said following online criticism that some agents fall short when it comes to helping their clients and acting in their best interests. This comes after…

At Beauty World, old-timers and their trades are fading away

On Wed, Chan Tien Sang will say goodbye to his shop of 35 years. This day is long overdue — his film-processing shop is a remnant of the past, in a suburban strata-titled mall that is also grappling…

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