Daily Archives: November 22, 2019 (24 Articles Found)

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20 noob questions about property, answered (part 1)

1) Ok I’m ready to do some adulting. Where do I start? How do I decide on a property? It should be a balance between four main factors: location, lease, price and your future plans; 2) Why is…

Liang Court goes down for good next year, and I think it’s Clarke Quay’s fault

What’s happening to Liang Court? Nothing, and that’s the entire reason it’s about to disappear. For more than a few years now, there’s been a lot of nothing going on in the mall. Books Kinokuniya left earlier this…

Brighter days ahead for CDL Hospitality Trusts amid ‘well-structured asset swap’: analysts

As CDL Hospitality Trusts (CDLHT) recently made the headlines for a divestment and forward purchase, market watchers highlight that these constitute a “well-structured asset swap” that will enable the REIT to maintain its hospitality presence. In a Thurs…

UOL Group to acquire building next to Odean Towers along North Bridge Road for $79.3 mil

UOL Group is acquiring KH KEA Building along North Bridge Road, which is located next to the company’s Odeon Towers, for $79.3 million. Located next to Bras Basah Complex, the 9-storey commercial building sits on a land area…

Mapletree Logistics Trusts gains $200m sustainability loan for credit facility

Mapletree Logistics Trust (MLT) has secured a $200m sustainability-linked loan from OCBC for a six-year revolving credit facility This is said to mark the first time a Singapore-listed REIT has ventured into sustainable investing. This facility is designed…

Water agency PUB pilots DIY flood panel to protect homes in flood-prone areas

In 45 years, his low-lying Kovan home has been hit by flash floods two or three times so Mr Lim Kheng Seah is pleased to be the first resident to try out a new “flood panel” being piloted…

Slew of improvements afoot at Queenstown Sport Centre

We refer to Mr David Kwok Ng Kan’s letter, “Queenstown Swimming Complex not user-friendly for seniors, people with disabilities” (Nov 6). SportSG is committed to providing senior-friendly and inclusive sports facilities for all Singaporeans. We refurbish older facilities,…

Changes to packed CBD hawker centres needed

The number of workers in CBD has increased over the years, but the number of hawker centres has not. For example, the Hill St hawker centre was demolished years ago, but no replacement was built. Lunch-time queues are…

Increase minimum occupation period for new BTO projects

It was reported that applications for bigger BTO flats in Tampines and Ang Mo Kio were heavily oversubscribed. How many of these applicants are actually buying a place to live in for the long term and how many…

FairPrice overusing plastic packaging for produce

In its response to readers, FairPrice appears to be patting itself on the back for its Plastic Bag Mgmt Programme and related initiatives to reduce plastic bag use (Stepping up fight against plastic use, Nov 20). While I…

New Indian Heritage Centre exhibition looks at pre-colonial history of Tamils in Singapore and the region

Asked to think of a Tamil Singaporean pioneer, many would probably name businessman Naraina Pillai, who came to Singapore with Stamford Raffles in 1819. But far less well-known are the names of other prominent Tamils, and the history…

ISOTeam to upgrade Istana, Botanic Gardens as part of $35m in new contracts

ISOTeam has beefed up its order book with fresh contracts amounting to $35.4 million, the facilities maintenance specialist announced on Thurs evening. Among the contract wins are two A&A projects totalling $17.8 million. These include development, upgrading and…

Job-clustering pilot to begin next year, could provide better progression and wages for workers

A project exploring the feasibility of clustering cleaning, gardening and security jobs will be piloted early next year. Businesses see the potential to create better jobs by aggregating such roles to increase employees’ productivity, and this could provide…

Freehold semi-detached house at Clementi Crescent on the block for $7 mil

A freehold two-storey semi-detached house at the end of a cul-de-sac at Clementi Crescent has been put on the block by its owner. Marketed by the Auction Team at Knight Frank, the property has a guide price of…

Street-level commercial site at St Martin’s Drive going for $5,900 psf

Located between the prime shopping belt on Orchard Road and the exclusive Nassim Road residential enclave, a street-level commercial site at 1 St Martin’s Drive is on the market for about $55.3 million. The price translates to $5,900…

Urban Treasures: A gem in the east

Fragrance Group purchased the former Eunos Mansion site at Jalan Eunos 1½ years in a collective sale for $220 million. It has since been demolished for the construction of the upcoming Urban Treasures. “It’s a huge piece of…

Shophouse on Bussorah Street going for $6.1 mil

A 99-year leasehold shophouse at 13 Bussorah St – located within the Kampong Glam conservation area – has been put up for sale for $6.1 million. The two-storey shophouse sits on a 1,559 sqft plot and has a…

Singapore has the best prospects for investment in Asia-Pacific

Singapore presents the best prospect in APAC region for investment, according to “Emerging Trends in Real Estate Asia Pacific 2020”, a real estate forecast jointly published by ULI and PwC. The city-state saw a surge in transactions in…

Pulau Tekong water supply has fully resumed after disruption: PUB

The water supply on Pulau Tekong fully resumed on Thurs night, after more than a day of disruption. Discoloured tap water was reported at some parts of BMTC on Pulau Tekong on Wed morning. In a FB update…

Industrial REITs lead Q3 NPI growth amongst S-REITs

Industrial REITs saw the strongest NPI growth at 5-101% YoY in Q3 2019, according to Maybank Kim Eng. This was mainly attributed to higher contributions from earlier acquisitions. Industrial REITs were also noted to be the most active…

Share of condo units sold to HDB upgraders fell to 30%

This chart by Edmund Tie Research showed that the proportion of condo units sold to those with HDB addresses fell to 29.5% in Q2 from 37.8% in the previous quarter. This included HDB upgraders and investors who are…

Smart Homes: Soon to be the norm in the Singapore residential market

Have you ever wished there was an app that could help manage those never-ending household chores or open the door if your visitors come while you are patting your child to sleep? Homes with such hi-tech features are…

MRT network improves in first three quarters

The Republic’s rail network continued to improve in the first nine months of 2019, with train-km between delays breaching the one million mark. On the whole, in the first three quarters of this year, the MRT system clocked…

Men escape smoke-filled shop house unit through window

As thick smoke billowed out of the windows of the second-storey shophouse unit, two men emerged onto a sloping roof below. Trapped for several minutes, the men, who were shirtless, were finally able to get down when fellow…

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