Daily Archives: November 12, 2019 (22 Articles Found)

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Prime retail rents remained flat in Q3

This chart from Knight Frank shows that prime retail rents stayed flat at $30.5 psf pm in Q3 due to the retail market reaching a “steady state.” Prime retail rents in the Orchard Road precinct remained unchanged in…

Condo resale prices up 0.8% in October

Condo resale prices climbed 0.8% MoM in Oct as all three regions posted growth, according to the SRX Price Index. On a YoY basis, resale prices rose 2%. The CCR recorded the biggest price growth at 2.9% YoY,…

One-stop hub offering mental health support to the young and senior citizens opens in Punggol

Teenagers and senior citizens facing mental health issues can now find help at a one-stop centre. Located at the ground floor of a Punggol HDB block, the new Integrated Service Centre @ Punggol (ISC @ Punggol) by community-based…

Businesses to reduce costs and risks by taking steps towards sustainability: Ho Ching

Businesses can save costs and reduce risks when they are sustainable, said Temasek Holdings CEO and executive director Ho Ching. She added that Temasek will start reporting its energy and water consumption this financial year and encouraged other…

Former TCM physician goes from healing hands to green fingers

Mr Chai Kien Chin’s dream was never to become a farmer. All he wanted to do more than three decades ago was to earn enough money from selling vegetables so that he could open his own medicinal herbs…

Ngee Ann Poly students can branch out thanks to expansion of Student Run Park initiative

With a new branch of learning on offer, student Jasper Chan did not need much convincing to go out on a limb at Bedok Town Park recently. Mr Chan, 20, put his books aside to climb a tree…

Dental chain Smile wins over $600k for flawed fitting works

A dental services chain that signed a $158,010 contract for fitting works at its clinic in Suntec City mall will get $621,621 in damages from the renovation firm instead. The High Court awarded the sum to Smile Inc…

Turn Semakau into plastics recycling innovation hub

Singapore’s new Zero Waste Masterplan, launched in late Aug, is a comprehensive initiative that should see the Republic take the lead as a prime mover of governmental standards for sustainability, as well as propel it to the front…

Make food delivery riders pass safety courses before using roads

With the $7 million grant for food delivery riders to switch from PMDs to PABs or bicycles, a surge in PABs on roads and bicycles on roads and footpaths can be expected in the near future. Food delivery…

Singapore beats out Hong Kong for property investment prospects

The fortunes of two of Asia’s hottest property markets are diverging. Singapore is now ranked No. 1 for real estate investment prospects in terms of price increases in 2020. Hong Kong, buffeted by months of violent anti-government protests,…

Is the long-standing Wee-Gokongwei rivalry over UIC set to soften?

The state of play over United Industrial Corp (UIC), the biggest office landlord in the city-state long embroiled in a tug-of-war between two of SEA’s wealthiest families – Singapore’s Wee and the Philippines’ Gokongwei – could shift gear…

28 KAP Mall shop owners suing Oxley unit for misrepresentation

A group of 28 shop owners who bought 19 units at the freehold strata KAP Mall has banded together to sue the developer Oxley Sanctuary, a subsidiary of Oxley Holdings, for alleged misrepresentation. The defendant denies the allegations…

City Developments reports 34% decline in 3Q earnings to $115 mil on impairment losses, lower revenue

City Developments Limited (CDL) reported earnings of $115.0 million for 3Q19 ended Sept, some 33.7% lower than $173.3 million posted last year. This was attributable mainly to a 37.8% drop in revenue in the property development segment due…

Oxley reverses out of the red with 1Q earnings of $12.2 mil on surge in other gains

Oxley Holdings reversed out of the red with earnings of $12.2 million in 1Q20 ended Sept, compared to losses of $0.7 million a year ago. The better earnings performance was mainly attributable to a six-fold surge in other…

KSH reports higher 2Q earnings of $6 mil on higher topline plus results from associates

KSH Holdings reported 2Q20 ended Sept earnings of nearly $6 million compared to $1.8 million a year ago amid higher development sales and share of results of associates and JVs. In 2Q20, revenue grew 67% to $58.8 million…

No more plastic straws at Koufu by April 2020

Koufu outlets will soon join the ranks of eateries that say no to plastic straws, starting with its school-based outlets. From 2 Dec, vendors will stop giving out straws at RP, NP, NYP and SP, before the initiative…

HDB announces biggest flat launch of 2019 with 8,170 units for sale

HDB has announced the launch of 4,571 BTO units for sale, in the biggest BTO sales launch for 2019. Together with the launch of 3,599 SBF units, the housing authority launched a total of 8,170 flats for sale…

Moving services director fined $9,000 for dumping furniture in Jurong area

A moving services director dumped more than 20 pieces of unwanted furniture illegally along Jalan Terusan near Jurong Port Road to save on disposal fees on 30 Sept 2018, instead of sending them to second-hand dealer or recyclers.…

Singapore’s solar aim laudable, but here are some things to watch out for

I support the move towards greater use of renewable energy and making it a key source of power here. Solar panel innovation has grown in the last decade, resulting in a sharp drop in the costs of PV…

Pizza delivery rider speeding on e-scooter pleads guilty after colliding with pedestrian

Prosecutors are asking for probation for an 18-year-old part-time pizza delivery rider who was speeding on his PMD when he crashed into a pedestrian on a footpath in Choa Chu Kang last year. Skye Lee Shi Jia pleaded…

Group of food-delivery riders asks for 6-month ‘probation’ to use e-scooters on roads or footpaths

About 70 food-delivery riders have appealed to the authorities with a proposal to set a six-month probation period for them to use e-scooters on footpaths or roads as part of their work. Wearing their food-delivery attire, they turned…

PUB lauded for bettering workers’ safety

Workers at PUB regularly inspect about 90,000 manholes islandwide. This involves lifting the heavy manhole cover to enter a confined space to check on the conditions of pipes, which could contain sewage and methane gas, said senior engineer…

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