Daily Archives: November 1, 2019 (31 Articles Found)

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DPM Heng to table motion calling on AHTC to require WP’s Lim, Low to recuse themselves from finance matters

DPM Heng Swee Keat will be introducing a motion in Parliament next Tues that will call on AHTC to require WP leaders Sylvia Lim and Low Thia Khiang to “recuse themselves” from all financial matters related to AHTC.…

Residential mortgagee sale listings up 14.4% in Q3

This chart from Knight Frank shows that the number of residential listings under mortgagee sale rose by 14.4% QoQ to 103 listings in Q3 in what marks the sixth-consecutive quarterly increase since Q2 2018. On a yearly basis,…

Frasers Hospitality Trust offers ‘undemanding valuations’ even as Singapore sector sees turnaround, analysts say

Analysts believe signs of a bottoming out of Singapore’s hospitality sector could bode well for Frasers Hospitality Trust (FHT), despite continued weakness in Australia. However, the Singapore properties turned the corner with a 1.3% improvement in RevPAR in…

Ascendas REIT to acquire 30 business park properties from CapitaLand for $1.66 bil; launches rights issue at $2.63 per unit to raise $1.31 bil

The manager of Ascendas REIT has announced the proposed acquisition of a portfolio of 30 business park properties from CapitaLand for $1.66 billion. Post-transaction costs, the proposed acquisitions are expected to generate a first year net property income…

1 HDB flat for 2 condos? Such sales tack plays down risks

“Sell one property, buy two” has been the sales pitch of numerous property agents in these challenging times. The proposition – sell your HDB flat and use the proceeds for down payments on two condos – has had…

JTC to build new semiconductor facility in Tampines, refurbish 4 wafer fab parks

JTC is building a new semiconductor facility in Tampines, with the first phase to be completed by 2021. It is also refurbishing its four wafer fabrication parks by adding greenery and connecting them to the islandwide PCN. These…

CPF accrued interest: Why you should not pay for your HDB with CPF

Before you get all excited browsing through the various property marketing platforms, let’s look at the most important step that is often overlooked – financing. Many have heard of “CPF Accrued Interest OA” – but what is this…

$10m donation and slew of programmes to help young Singaporeans develop green thumb

Younger Singaporeans will get more opportunities to develop their green thumb thanks to a slew of efforts by NParks and a large donation from billionaire Peter Lim. The initiatives are for children from pre-schooling age to young people…

Bid to save old CDC in Moulmein from wrecking ball

Towering apartment blocks could replace the country’s last sprawling low-rise medical complex in Moulmein Road – the former CDC where public health crises were battled for more than a century. The site has been earmarked by URA for…

BCA expects 50 new MRT stations to save energy equivalent to that consumed by 7,500 flats

At least 50 new MRT stations are expected to meet BCA’s Green Mark for Transit Stations Platinum standard – the highest accolade for transit stations. BCA said on Fri that reduction in energy consumption of these 50 stations…

HomeTeamNS’ Bedok clubhouse to include features like Singapore’s longest indoor waterslide

Home Team NSmen and their families can enjoy villas and Singapore’s longest indoor waterslide at the new Bedok clubhouse. The waterfront-themed clubhouse in Bedok Reservoir Park will open in the fourth quarter of 2021, with facilities like an…

Founders’ Memorial designs shortlisted: Winning design must tell story that resonates with Singaporeans, say experts

The winning design for the Founders’ Memorial should support community activities and convey a story that resonates with Singaporeans, said local urban planners and architects. Dr Steven Choo, veteran urban planner and chairman of VestAsia Group, said it…

Canberra MRT station between Yishun and Sembawang to open on Saturday

For 30 years, Canberra MRT station existed on paper and some train commuters who have taken a ride on NSL to the northern part of Singapore might have wondered about the “missing” NS12 station between Sembawang (NS11) and…

New on the block: Privé launches across from Tiong Bahru Market

A Privé outlet launched yesterday in the prominent corner space across from always-busy Tiong Bahru Market that was vacated by Tiong Bahru Social Club a few months ago. This location serves an extensive list of food all day…

Teen cyclist who caused elderly pedestrian’s death after crash at Tampines Park Connector jailed 2 weeks

A 17-year-old teen who was working part-time for Foodpanda crashed his bicycle into an elderly jogger at Tampines Park Connector in June last year, causing her death from head injuries, a court heard. While cycling along the connector,…

New Canberra MRT station will save up to 30 minutes in travel time, say residents

More than 17,000 households in Yishun and Sembawang will be able to save as much as half an hour in travel time, if they are heading into town, when Canberra MRT station begins operations on Sat. The station,…

Security team at Eight Riversuites replaced, but residents say change not related to Ramesh Erramalli incident

Eight Riversuites condominium, which has been in the spotlight this past week after one of its residents verbally abused a security officer, now has a whole new team of guards — although residents and security associations say the…

Firefighters save 3 from burning Bukit Batok flat in aerial rescue

Firefighters saved three people in a dramatic rescue operation after a fire broke out in a Bukit Batok flat early Fri morning. Officers from SCDF forced their way into the 13th-storey unit at Blk 210A, Bukit Batok St…

Security officers ‘well-equipped’ to handle abusive situations: Industry associations

Most security officers are “well-equipped” to handle abusive situations “professionally”, as they are required to complete mandatory training in this area, said security associations. Still, security officers face varying degrees of abusive situations on an almost-daily basis, and…

Carbon emissions, PMDs, CPF and the Sentosa Merlion among issues to be discussed in Parliament

Carbon emissions, the use of PMDs and issues to do with CPF scheme will be discussed when MPs meet in Parliament on Mon. Three Bills will also be introduced during the sitting, while eight are set for a…

Why Singapore is ripe for an electric vehicle revolution

EVs are transport’s next frontier. In 2018, EVs saw a 63 per cent year-on-year increase in sales, with more than 2 million units sold globally. Drivers are also spoiled for choice, with 66 new models in total to…

NEA pushing for less use of disposables

We thank Mr Paul Chan Poh Hoi for his views (No excuse for not switching to biodegradable alternatives, Oct 24). As we do not directly landfill our wastes, switching to biodegradable products may not necessarily improve environmental outcomes.…

The temporary KrisFlyer Gold Lounge at T3 is run by Emirates’ marhaba – and it’s open to members of various programmes including NUSS and Diners Club

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Layovers can be some of the worst experiences in air travel, especially when the airport you’re stuck in was not designed for comfort. Thanks to what Emirates-owned airport services firm dnata calls a “democatisation” of airport lounges, premium…

The Clan Hotel: Where luxury and culture meet

Intl hospitality owner and operator Far East Hospitality will add The Clan Hotel, its latest brand, to its growing portfolio. Slated to launch in 2Q2020, The Clan Hotel Singapore will be the group’s first luxury hotel in Singapore.…

Paya Lebar Quarter: The allure of live, work and play

Ahead of its expected TOP in Nov, Park Place Residences has only one unit left for sale, revealed Steve McCann, group CEO and MD of Lendlease, at the official opening of PLQ on Oct 24. Proof of the…

Unit at The Marq on Paterson Hill sold for $29.5 mil

There has been a flurry of transactions at The Marq on Paterson Hill since end-Sept with four units sold so far, based on caveats lodged as at Oct 29. Prices sold have ranged from $23 million ($3,690 psf)…

Unit at Wing On Life Garden sold for $5.9 mil

At an auction held by Edmund Tie on Oct 23, an apartment at the Wing On Life Garden condominium in prime District 10 piqued the interest of buyers. Its first mortgagee sale, the 3,305 sqft unit has a…

Resale unit at Regency Park reaps $4.3 mil profit

The seller of a unit at Regency Park, on Nathan Road, made the top gain of $4.3 million over the period of Oct 8 to 22. The 3,649 sqft unit on the 11th floor was bought for $2.68…

Gather: Redefining co-working with wellness

Although co-working spaces mainly target corporate clients, one of the first guests at Gather was, in fact, a French bulldog. Occupying some 12,000 sqft over three floors at 22 Martin Road, the pet-friendly space is Cathay Organisation’s first…

Budget hotel manager RedDoorz leverages technology for success

Budget hotel mgmt companies in SEA are grabbing market share in the region’s affordable hotel industry. They are disrupting the three-star-and-below hotel segment, transforming the previously fragmented hotel inventory into standardised, affordable accommodations under brands such as RedDoorz,…

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