Daily Archives: November 15, 2019 (31 Articles Found)

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PropertyGuru Property Index Q3 2019

In Q3 2019, PG Singapore Property Price Index (SPPI), which focuses on the asking prices in the non-landed private residential market, fell by 0.8% to 102.4 in the previous quarter. This marks a steady decline since the start…

Fragrance Group Q3 revenue sinks but profit jumps to S$98.4m on fair value gain

Fragrance Group on Thurs posted a net profit of S$98.4 million for the third quarter, which is about 41 times that of the S$2.4 million profit in the year-ago period. This was despite revenue tumbling 64.6 per cent…

Penthouse at The Minton going for $818,888

A one-bedroom penthouse unit in The Minton, a 99-year leasehold condo on Hougang St 11, will be offered in an owner’s sale at Edmund Tie’s auction on Nov 20. The unit has a guide price of $818,888 ($1,027…

Sheng Siong to acquire commercial HDB units in Aljunied for $29.5 mil

Sheng Siong Group announced on Fri it is acquiring commercial premises at 118 Aljunied Ave 2 for $29.5 million. The property comprises units in the first and second storeys of a seven-storey HDB commercial property with a four-storey…

Taking digital route to book new homes cuts transaction time for bookings

Over 1,000 units and US$1 billion worth of new homes were booked since Aug last year through a digital booking platform by proptech firm Showsuite, which helps to cut down the average booking transaction time by going paperless.…

Singapore Customs operation building relocates to Bulim Drive in Jurong West

The Singapore Customs operations building officially opened at Bulim Drive in Jurong West on Fri, relocating from its Keppel Road premises after close to 80 years. The new building uses modern facilities to support Singapore Customs’ enforcement operations…

Singapore firm to set up construction robotics lab with Ngee Ann Poly

Tiong Seng Holdings has inked a five-year collaboration with NP to set up a construction robotics lab on the school’s campus. The partners will work on applied R&D in the field of industrial-grade robotics for the construction industry.…

Singapore electric motorcycle venture picks up speed

The Republic’s first electric motorcycle is set to go full throttle with the expected unveiling of a prototype in Feb next year. The fully-electric and intelligent Scorpio EST-X1 is being developed by Singapore-based EuroSports Technologies with seed capital…

NatGeo documentary to feature 12 Singapore innovations, including on fighting dengue and floods

Singapore’s efforts to roll out a stealth weapon to combat dengue is one of 12 innovative home-grown projects featured in a new National Geographic documentary. Produced in collaboration with MCI, the hour-long documentary will show among other things,…

Singapore is most beautiful city in Asia, 11th most beautiful in the world

Singapore was recently named the 11th most beautiful city in the world, in a list of 50 cities compiled by Canada-based online travel agency Flight Network. Topping the list is Paris, with New York and London in second…

A Singapore-backed startup wants to reinvent the outdoor fan

A start-up backed by Singapore’s state investment firm is trying to make staying cool in the tropics a little greener. Phononic, a Durham, North Carolina-based company, has installed eight of its bladeless fans in Singapore for a trial…

StarHub’s peak 4G speed in the first half of 2019 beat Singtel and M1 by a mile, IMDA report shows

The source for this article is no longer available

A new report released by IMDA has placed StarHub ahead of the telco pack in terms of peak mobile data speeds. The IMconnected report, which studies consumer mobile broadband experience through a voluntary crowdsourcing method. According to data…

SGX spells out expectations for public Reits

SGX RegCo has spelled out its expectations for Reits that choose to go public here. Its CEO Tan Boon Gin stressed that when it comes to compliance with Listing rules, the focus should be on substance rather than…

Private home sales crashed 26.9% to 928 units in October

Private home sales fell 26.9% MoM to 928 units in Oct, according to data from URA. On a YoY basis, sales surged 84.9%. Including ECs, new home sales dropped 26.4% MoM to 955 units. According to OrangeTee &…

OUE’s profits surged to $124.1m in Q3

OUE’s attributable profit skyrocketed to $124.1m in Q3 from $2.1m in the previous corresponding quarter. Revenue leapt 54.1% YoY to $282.5m over the same period. The growth was attributed to a 59.7% rise in EBIT to $90.4m, as…

Almost half of condo units sold in Q3 priced $1m-$1.5m

This chart from ET&Co reveals that almost half of new condo units sold in the third quarter, or 47% of total units sold were priced between $1m to $1.5m as a result of the increase of proportion of…

New condo sales jumped 49.2% to 3,198 units in Q3

The volume of new condo sales surged 49.2% QoQ or 16.9 YoY to 3,198 units from the 2,736 units in Q3 2018. The figure broke the record last year, when a buying frenzy occurred the night before the…

Bukit Batok fire: MP Murali Pillai apologises over locked hose reel cabinets, says 2 town council staff to be disciplined

Bukit Batok SMC MP Murali Pillai apologised on Fri over the fire incident at a block in his ward where firefighters at the scene encountered padlocked hose reel cabinets and the absence of water supply. In a post…

Jewel Changi Airport wins Special Jury honour at MAPIC Awards

Jewel Changi Airport has been accorded the Special Jury Award at the MAPIC Awards, which honours the world’s most outstanding retail real estate projects. The 24th edition of the MAPIC Awards, which were held in Cannes, France, on…

HDB car washing bays get sweet tech upgrade with coin-operated water jets and vacuums

Washing your car with a bucket of water and a lot of elbow grease? Them’s the old days. It’s 2019, and the humble HDB multi-storey carpark washing bay deserves a glow-up worthy of a new age. Ditch thy…

All immigration checkpoints to have fingerprint and face scans by 2025 as part of Singapore’s AI push

Security clearance at all immigration checkpoints in Singapore will be fully automated with fingerprint, facial and iris scans by 2025, as part of the nation’s plan to harness AI technologies to deliver social and economic benefits. Border security…

Extend smart meter initiative to schools, new homes

I am pleased to hear about the new smart meter initiative as it provides home owners more information on their energy use. This is a step towards more sustainable energy consumption as it empowers them to take charge…

Remove barriers to switch to electric vehicles in Singapore

Recently, the Government announced that VES would be extended in the hope that car buyers would be encouraged to purchase cleaner car models. The outcome of the scheme has been rather disappointing thus far and I believe it…

Don’t ban hoverboards and unicycles

Following the recent ban of e-scooters on footpaths, it was also announced that hoverboards and unicycles would be progressively banned from footpaths in the first quarter of next year. I hope the authorities can reconsider the eventual ban…

Ailing Senoko Energy asks for aid from Singapore

Struggling Singaporean utility Senoko Energy is requesting a rescue package of lending and other support from the government to ride out a supply glut expected to persist for a few more years. Senoko has asked to borrow an…

Abolish the printing of AGM reports to save money, paper and energy

Every day, we read about the Government’s various initiatives to go green, reduce carbon footprint and cut waste generated in Singapore. I suggest that the practice of delivering hard copies of AGM reports of companies and reports by…

The Barracks Hotel Sentosa by Far East Hospitality to open in December

On Dec 1, Far East Hospitality will open its third hotel on Sentosa, The Barracks Hotel Sentosa. The refurbished hotel takes up two out of the six conserved heritage buildings, which made up a British military outpost back…

ZACD reinvents itself, prepares for launch of The Landmark

The Landmark, an upcoming 396-unit, high-rise condominium tower, is scheduled to launch sometime in 1Q2020, says Darren Chew, COO of ZACD Group. The project is on the site of the former Landmark Tower on Chin Swee Road, which…

PLQ completion, launch of global commercial Reit spur Lendlease on

Tony Lombardo, property group Lendlease CEO for Asia is pleased with the achievement logged by Lendlease’s integrated development, PLQ. The $3.7 billion project was completed in 4½ years from the time it acquired the 99-year leasehold site. “This…

Unit at Wing On Life Garden reaps $2.5 mil profit

The seller of a unit at Wing On Life Garden condo made the top gain of $2.5 million over the week of Oct 29 to Nov 5. The 3,498 sqft unit on the 10th floor was bought for…

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