Daily Archives: October 29, 2019 (27 Articles Found)

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Hotel investment market remains subdued in Singapore, Savills Research

In Singapore, the hotel investment market was subdued in Q3 with only one transaction recorded after a strong first half of the year, says a recent research report by Savills. The research titled, Hotel Sales & Investment’ said…

Singaporeans aged 21 and above with non-citizen spouses now eligible for housing grants of up to $40,000

Singaporeans 21 and over who are married to a non-citizen are now eligible for additional housing grants of up to $40,000 when they buy a resale flat for the first time. The age criterion was lowered from last…

Company that issues fire-safety labels for doors did so without proper checks, ordered to stop

A company that issues fire-safety labels for doors has been suspended from issuing further labels, after SCDF found in Mar that the company had done so without doing the necessary checks. On Tues, SCDF said Setsco Services, a…

Workers’ Party sets out stance on climate change, green issues

The WP on Tues outlined its stance on climate change and environmental issues, highlighting the party’s contributions in Parliament on their website. Citing the first Singapore Climate Rally at Hong Lim Park last month, the party said its…

Install audio-visual features on public buses to announce upcoming stops

I have noticed that only some new public buses in Singapore have an electronic display showing the next stop and several upcoming ones. I want to highlight that this has been a feature on all Hong Kong public…

Sembcorp to help Sats reduce carbon footprint, starting with solar energy systems

Sats is partnering Sembcorp Industries to develop solutions which help the ground handler and caterer reduce its environmental footprint across several facilities. This will help Sats achieve its sustainability goal of 80 per cent reduction of its carbon…

Why residents bullying condo security is a perpetual problem

At this point, you’ve probably seen the video of someone deciding to publicly embarrass himself over $10. It’s one in a long string of incidents, involving the abuse of security guards. Today we’re going to explain why this…

Cache Logistics Trust poised to bounce back from weak 3Q19 as fundamentals remain sound

Analysts are positive that Cache Logistics Trust can find its footing again, after stumbling in 3Q19. Cache reported an 11% drop in its DPU to 1.313 cents during the quarter, from 1.475 cents a year ago. This came…

Acceptance rate for Yanlord’s general offer for United Engineers shares likely to be low, says OCBC

OCBC Investment Research believes Yanlord Land Group’s mandatory general offer for all the shares in United Engineers (UE) that it does not hold is “unlikely to gain many acceptances”. China-based property developer Yanlord on Oct 25 had made…

Majority of Singaporeans want 1 in 5 people or fewer to be immigrants: survey

The majority of respondents said the ideal proportion of immigrants in Singapore would be 20 per cent or less, according to a recent survey conducted by IPS. And just under half of respondents said the ideal proportion of…

2 PMD-related fires in Singapore within an hour

Two people were conveyed to the hospital, following two separate fires involving PMD that occurred within an hour of each other on Mon. In a FB post, SCDF said that it responded to the fire at the 7th-floor…

Singapore to stick with natural gas power for time being, expand solar use

Natural gas will continue to play a dominant role in generating electricity in Singapore while the state plans to accelerate the use of renewable energy, primarily solar power, in the next decade to battle climate change, a senior…

Check out the top condo transactions in Q3

This chart from Knight Frank shows condo projects with the highest number of sales in Q3, dominated by Parc Clematis in OCR which sold 402 of its 1,468 units at an average price of $1,617 psf. It was…

Tight vacancies in CBD offices to drive Suntec REIT’s gains

Suntec REIT’s office portfolio will see continued gains driven by limited supply within the core CBD and upcoming revenue contribution from new developments, according to UOB Kay Hian. Although the REIT’s DPU decreased 5.1% YoY in Q3, revenue…

Singapore shoppers resist Amazon push as Alibaba leaps ahead

Amazon continues to trail its China-backed rivals in SEA despite the launch earlier this month of its first online store in Singapore. More than two years after Amazon entered the region by making its members-only Prime service available…

A united front against climate change

The fight against climate change has never been more urgent. The implications of climate change have been apparent in extreme weather events around the world. Singapore has not been spared from these effects either, with the last 10…

It’s switch and save as SP powers up households with cheaper option

SP Group’s market share may have contracted since Singapore opened the electricity market for 1.4 million households to pick among more than ten retailers but the national utility should not be off the table as a cheap(est) option…

Harnessing technology for modern security problems

The security business has traditionally been very reliant on manpower. But for FormTeam Consultancy, quantity is not always quality. Instead, the company focuses on using technology to offer security solutions. FormTeam was set up in 2008 by its…

40 residents evacuated after fire at Ang Mo Kio flat

A total of 40 residents in Ang Mo Kio were evacuated on Tues following a kitchen fire. SCDF said they responded to the fire on the fourth floor of Blk 446 Ang Mo Kio Ave 10 at about…

Government ramps up solar power targets

The government has set a new target deployment of 2 GWp of solar energy by 2030, which is eight times today’s installed capacity. The new target is estimated to be sufficient to meet the annual power needs of…

Autonomous vehicles put to the test

The authorities have moved boldly by deciding to make all of western Singapore a test bed for self-driving vehicles. LTA began to facilitate on-road trials of AVs in 2015 and clearly, the evidence of those trials would have…

When sensors make sense

In a first for Singapore, NParks has unveiled a system for tracking animals that triggers alerts to drivers in the vicinity. When sensors detect the presence of animals near Old Upper Thomson Road, an “Animals Ahead” sign is…

Security guards deserve better support

It is regretful that the incident of abuse against a security guard should take place during Deepavali. Regardless of the occasion, we should always respect people and remain civil. From my observations, security guards are often not given…

What happens when condo residents clash with security personnel

An altercation between a condominium resident and security staff went viral on social media. But most of such incidents go unnoticed. As a security supervisor, I have encountered such humiliation, had vulgarities hurled at me and even been…

Judge rejects condo’s bid to remove cabinet from corridor

A shoe cabinet outside an apartment’s front door is arguably a common sight in condominiums. But for MCST at The Infiniti in West Coast Park, it was a big no-no for one unit, with the owners taken to…

SPCA, Acres depend on donations to keep helping animals

Animal welfare shelters such as Acres and SPCA get many calls daily for rescues and other matters. But with limited funding and resources, it is a constant struggle for these shelters, mostly run by volunteers, to meet the…

It’s raining cats and turtles: Hundreds of pets kept in high-rise buildings escape and fall

Every year, about 250 cats fall from high-rise buildings here, and about half of them perish, says SPCA. And it is not just felines that fall victim to the phenomenon known as high-rise syndrome. Among other animals that…

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