Daily Archives: December 2, 2019 (29 Articles Found)

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800 Super opens S$130m Tuas plant, announces new business lines

800 Super on Mon officially opened its new integrated energy and resource recovery facility in Tuas South, which cost over S$130 million. The company, which delisted from SGX’s Catalist board this year with help from private equity, also…

S-Reits face limited risk of big price correction: Credit Suisse

The risk that S-Reits face significant price corrections in the coming year is limited as long as global borrowing rates stay low, Credit Suisse said at an investment outlook for 2020 on Mon. Strategists at the Swiss wealth…

Shared data platform to cut wasted trips and waiting time

For the logistics sector, AI is the answer to two problems: wasted trips and waiting in line at the container depot. Currently, trucks often cannot collect cargo from the sea port due to various reasons, such as the…

Using automated scanning, video analytics and surveillance robots to boost security

Security clearance at all immigration checkpoints will be fully automated and faster with fingerprint, facial and iris scans introduced by 2025. Experts said one of the biggest benefits of such a system lies in the ability of AI…

Tapping AI to deliver municipal services, detect issues

Residents can enjoy better-maintained estates when sensors and AI algorithms are used by 2025 to deliver municipal services such as the cleaning of public spaces and maintenance of roads and footpaths, said MND. Associate Professor Bo An of…

China’s growing business presence in Singapore

The cranes and their operators are hard at work at the former Normanton Park, preparing the 6.14ha site for a new residential estate which was sold en bloc in 2017 to Chinese developer Kingsford Huray Development for $830.1…

Hidden stairwell in Fort Canning Park a picture-perfect spot

The hottest Instagram spot among tourists in Singapore is not a row of houses in Joo Chiat or the city’s famous skyline. The most snap-worthy place is a hidden stairwell in Fort Canning Park. When this reporter went…

Qantas first-class lounge opens in Changi Airport T1 amid growing demand for premium air travel

Qantas has opened a first-class lounge in Changi Airport T1 – the first such facility the Australian flag carrier has set up in Asia. The sprawling wood-and-marble affair is spread across 1,000 sqm and seats 240, including a…

Record M&A by Singapore property managers amid red-hot rally

Underpinned by a global hunt for yield, Singapore’s REITs are having a bumper year in deal-making as well as fundraising. The mantra that bigger is better will continue to drive capital market activity in the sector, analysts say.…

Kick-starting tests for 5G driverless cars at Science Park

Singapore’s ambition to put driverless cars on its roads is getting some propulsion from Chinese investors, including state-owned China Aerospace Science and Technology Corp (CASC). In the coming months, a consortium comprising CapitaLand, map service provider NavInfo DataTech…

The naked truth of Singapore’s property porn

According to HSBC’s 2019 survey, Singaporeans spend an average of over three hours per week on property-related window shopping, reading real estate magazines, or browsing property online listings. They can do so even when they do not intend…

Why was there only one senior design engineer in PIE viaduct team?

It was reported that there was only one person in the engg team qualified to design the corbels used in the PIE viaduct. This surprised me. Why were the rest of the engineers inexperienced in designing bridges, especially…

Frasers Logistics & Industrial Trust to acquire Frasers Commercial Trust for $1.54 bil in proposed merger

Frasers Logistics & Industrial Trust (FLT) and Frasers Commercial Trust (FCOT) are proposing to merge to create an enlarged REIT with a total portfolio worth a total of $5.7 billion, the respective managers announced on Mon. The proposed…

Sysma to acquire building construction, soil investigation businesses for $30.4 mil

Sysma Holdings announced on Mon that it is acquiring a clutch of companies for a total of $30.4 million. Wholly-owned subsidiary Sysma Jade has entered into separate share purchase agreements to acquire KH Engg (KHEL), including its wholly-owned…

One Holland Village Residences sees nearly one-third of total units sold on launch weekend

One Holland Village Residences, located within District 10’s Holland Village lifestyle precinct, received robust interest during its sales launch over the weekend, with 92 out of the 296 residential units sold as of 6pm on 1 Dec 2019.…

Strata-titled retail unit sales crashed 55.3% to $64.3m in Q3

The sales value of strata-titled retail units dropped 55.3% QoQ to $64.3m in Q3 as leasing activity and investor sentiment worsened, according to a report from Knight Frank. There were 46 caveats lodged in the same quarter, which…

Foreigners preferred pricier CCR homes in Q3

This chart by Edmund Tie Research shows that about seven in 10 of the sold units in Marina One Residences, the top-selling new project in CCR in Q3, were bought by foreigners. Leasehold development Haus on Handy was…

Escalator steps buckle in front of mum and baby at Waterway Point

Mind your step, literally. A mum’s outing with her child in Punggol’s Waterway Point was cut short after the steps of the escalator she was riding suddenly dislodged in front of her on Nov 29. The woman named…

Heavy rain in Bedok North topples tree, flash floods disrupt traffic in Jurong East and Choa Chu Kang

Heavy rains and strong winds passed through various parts of Singapore on Mon leaving some damage in its wake, including a tree that fell on a parked car. The incident took place in the parking lot of a…

Bangkok’s Chatuchak night market coming to Singapore early 2020

Fans of Thailand’s popular night markets have a reason to cheer, as a version of the country’s famous Chatuchak weekend market will be set up in Bukit Timah here early next year. From Feb 4 to May 3,…

In using AI, let’s be wary of artificial stupidity

Do you remember Sim City? It is a computer game introduced in the late 1980s where the player is the mayor of a new city. The objective is to create a functioning urban system by building a city…

Roll out grading system for after-death facilities

MEWR Minister Masagos Zulkifli told Parliament last month that NEA had sought views from funeral directors and parlour operators on how after-death services could be enhanced. He also said that the authorities had done hygiene inspections of all…

NEA opens new facility to breed 5 million mosquitoes a week to combat dengue

A new mosquito production facility has opened at an industrial estate in Ang Mo Kio, and it aims to breed about five million Wolbachia-carrying Aedes aegypti mosquitoes a week to counter the surge in dengue cases. Speaking at…

Fatal PIE viaduct collapse: Engineer jailed nearly 2 years, fined for failing to check calculations

A design engineer who failed to double-check his team’s calculations while building a section of PIE viaduct, and then did nothing to rectify the errors, was sentenced to about one year and nine-and-a-half months’ jail on Mon. Robert…

The price of better public transport

Bus and train fares will be increased on Dec 28. While this is unlikely to please the commuters, it is important to note that there should be a balance between the affordability of fares and profitability of public…

Do we need more shopping malls and apartments?

I am flummoxed by the news of the upcoming mixed-use development One Holland Village in Holland Drive. Do we need another shopping centre when so many existing shopping malls have morphed into ghost malls? Shoppers swiftly migrate from…

Many opportunities for local artists

NAC shares Ms Ong Seok Khim’s belief in making art an integral part of people’s lives and deepening public appreciation of our artists and their works (Do more to support local artists, Nov 27). The Public Art Trust…

Grief support needed for workers after site deaths

The death of a 38-year-old Bangladeshi national is the fourth reported death of a worker in a work site incident last month alone. This is a worrying development. Over the past decade, the inspection and enforcement regime, combined…

From delivery boy to CEO of Singapore’s largest real estate company

From delivering newspapers as a boy to becoming CEO of Singapore’s largest real estate company, life has been full of surprises for Mr Ismail Gafoor. He had no choice but to help his father, Mr Abdul Gafoor, who…

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