Daily Archives: November 11, 2019 (30 Articles Found)

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First time residential property buyers should avoid these common mistakes

1) Do not underestimate your budget – A crucial component many first-time residential buyers forget to consider are the variety of fees and charges that accompany the home purchase price; 2) Carefully calculate your loans – Make sure…

Fixed rate mortgages – now may be the best time to get one

Homeowners who are worried that the interest rates for their home loans are rising are moving towards fixed-rate mortgages, reported several banks. The still upbeat market for non-landed properties, the feel-good-factor created by the several high profile sales…

Defect inspection done right can save HDB flat buyers good money

New HDB flat buyers can save some money if they do defect inspection right before renovating their flats. That said, some defects are more visible to the naked eyes than others. A case in point for defect inspection…

Aside from banning PMDs, what else could the government have done?

Last week, our government moved to ban PMDs from footpaths—after years of promoting their use as a last-mile commute option. The move has proved to be broadly popular, if divisive. In a survey of 1005 Singapore residents, conducted…

3 common lies property agents tell you

Here are the three common lies that agents often tell their clients. 1) I have ready buyers or tenants – The question is: How can they prove it before I engage their service? So, is there really “a…

HDB’s new rules and their real implications for HDB owners

2019 has turned out to be an exciting year for HDB buyers and sellers. Earlier in May, CPF announced a number of changes to the use of CPF for home purchase. The new change allowed buyers to purchase…

Wee Hur posts 84% jump in 3Q earnings to $6.9 mil

Wee Hur Holdings recorded 3Q19 earnings of $6.9 million, representing an 84% jump from $3.8 million in 3Q18. The earnings growth was in line with a 53% increase in revenue to $51.8 million, compared to $33.9 million a…

BBR wins contracts to build floating, rooftop solar panels

BBR Holdings on Mon announced that its wholly-owned subsidiary BBR Greentech has won two contracts to construct PV systems. One contract is a tender by PUB to build two 1.5 MWp floating solar PV systems on Bedok and…

United Engineers Q3 profit lifted by S$65.2 million net revaluation gain

Revaluation gains from four investment properties lifted United Engineers’ (UE) net profit to S$84.8 million in the third quarter, up from S$7.7 million in the same period a year earlier. UE commissioned the independent external valuations after controlling…

Taxi firms speed up switch to electrified cabs

Two in five taxis are now electrified, with operators having their largely diesel cabs replaced with either petrol-electric hybrids or full-electric models. According to new LTA figures, there were 7,259 petrol-electric hybrid and 133 full-electric cabs as at…

Vehicle population grows for first time since 2013

Despite a zero-growth cap on the vehicle quota system, new government figures show that the vehicle population in the Republic grew by 1.4 per cent in the first nine months of the year to 970,344. The growth was…

3.4kg of limestone falls from HDB flat ceiling, nearly hits tenant

Part of an HDB unit’s ceiling fell out of the blue last Thurs in a unit in Cassia Crescent, where the oldest blocks date back to 1981. According to the 80-year-old homeowner, her flat was refurbished just five…

Don’t budge on e-scooter footpath ban

Following the ban on PMDs on footpaths, several food delivery riders went to meet ministers to voice their concerns. I urge the Government and relevant authorities to remain firm on the ban and not to compromise. The ban…

Grant conditional exception to food delivery riders

The ban of electric scooters came too suddenly, even though I agree it is necessary for the sake of pedestrian safety. It caught many off guard leaving them with no time to make adjustments. I propose that they…

Oei Tiong Ham Park GCB in District 10 up for sale with S$23m guide price

A good class bungalow (GCB) located at Oei Tiong Ham Park – a designated GCB area – is up for sale via auction with a S$23 million guide price. The District 10 freehold property has a land size…

At least 60 electric buses to be deployed from early next year: LTA

LTA will progressively deploy at least 60 electric buses from early next year, as part of its move towards a cleaner energy public bus fleet by 2040. The buses, which were displayed at the Ulu Pandan Bus Depot…

Workers’ Party leaders, town councillors have filed appeal in AHTC case: Sylvia Lim

Lawyers for WP leaders have filed a notice to appeal in the case of misuse of funds by AHTC, Ms Sylvia Lim confirmed on Mon. The WP chairman told CNA on Mon evening that the court had accepted…

‘Green finance’ led by S’pore can help mobilise global action against climate change: Ong Ye Kung

Even though Singapore accounts for only a tiny fraction of global emissions, it aims to use “green financing”, technology and innovation to help mobilise the fight against “the ultimate challenge for humankind” of climate change, Education Minister Ong…

Go beyond just planting trees on Jurong Island

I am heartened by the greening initiative to plant 30,000 trees on Jurong Island over the next three years. However, while we are seeing progress in Singapore’s environmental sustainability efforts, not all of these initiatives have an immediate…

Aesthetic spaces can be used to grow food

In Mar, the ambitious “30 by 30” goal was announced. This scenario involves producing 30 per cent of our country’s nutritional needs locally by 2030. MEWR laid out four ways for this to happen – one of them…

Mid-sized stadiums could have drawbacks

We thank Mr Gurmit Singh for his feedback (Build mid-sized football stadium, Oct 30). The National Stadium at the Sports Hub plays host to a large variety of events such as Community Play Days and intl football matches…

UIC profit down 13% to $52.9m in Q3

United Industrial Corporation (UIC) saw its net profit dip 13% YoY to $52.9m in Q3 from $60.88m in 2018, an SGX filing revealed. In contrast, revenue jumped 28% YoY to $42.5m from $151.91m over the same period. The…

NetLink NBN Trust to support TPG’s 5G trial network

NetLink NBN Trust announced during the mid-day break that it will be supporting TPG Telecom in its 5G trial network across Singapore Science Park 1 and 2. NetLink Group’s operating arm, NetLink Trust, will be providing the fibre…

EL Development sells 12 units at Pullman Residences Newton

After its preview last month, EL Development launched its luxury residences, Pullman Residences Newton, for sale over the weekend. Of 25 units released, 12 have been sold as at Sun, Nov 10. Average price of units sold was…

The Iveria sells 14 units at an average of $2,640 psf

The Iveria a boutique luxury residential block with 51 units, was launched over the weekend of Nov 9-10. Of 20 units released, 14 were snapped up as at Sun evening, Nov 10. This implies that 70% of units…

E-scooter rider charged over death of elderly cyclist in Bedok

An e-scooter rider who collided with and killed a 65-year-old cyclist in Bedok was charged in court on Mon. Hung Kee Boon, 20, was charged with one count of causing the death of Ong Bee Eng through a…

Plastic bag charge ‘not a small step for Singapore’: NTUC CEO

Rolling out a per-transaction plastic bag charge to 25 outlets islandwide “really is not a small step for Singapore”, said NTUC CEO Seah Kian Peng on Mon. “This is a very significant move. I think it is,” he…

New air-conditioned underpass to open at Stevens MRT station on Nov 23

Commuters will have access to an air-conditioned underpass at Stevens MRT station on DTL when it opens on Nov 23. The underpass will connect commuters from the MRT station directly to Dunearn Road and Whitley Road, LTA said…

Mastercard takes on digitalisation trend with new experience centre

Mastercard unveils its experience centre this month for the Singapore FinTech Festival, a space for clients and partners to collaborate for idea generation, co-creation of new products and for the presentation of solutions. The Mastercard Experience Centre (MEC)…

Short leases come with high risk for co-living players

Co-living’s short flexible leases – one of its main draws – could also be the biggest risk factor in its business model. Observers told BT that co-living startups need to be wary of the volatility in its revenue…

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