Daily Archives: December 3, 2019 (17 Articles Found)

Experts on why Sasa failed in S’pore: High costs, online competition, less than premium branding

When Ms Tay Shan Min, 53, found out that cosmetics chain Sasa was closing all its stores in Singapore, her first thought was to head to an outlet and stock up on her favourite makeup product from Danish…

TODAYonline

Black Friday a bright spark for brick-and-mortar stores in Singapore

Cash registers rang steadily last weekend as retail stores in Singapore saw more shoppers stream in during the annual Black Fri sale on Nov 29. Despite the dark cloud over the retail market in recent years, the sale…

Wife of ex-SSC president ordered to sell co-owned house to pay his debts of $3.2m

The wife of former SSC president Freddie Koh, a bankrupt, has been ordered by the High Court to sell their house to pay his creditors. This is believed to be the first time that an application has been…

Seven of 20 hawker centres planned are already operating

We thank Mr Peh Chwee Hoe, Mr Neo Poh Goon and Mr Jeffrey Law for their letters. The Government had earlier announced long-term plans to build 20 new hawker centres to be located in new estates, or existing…

Reusable bags most effective way to reduce plastic waste

We thank Mr Paul Chan and Miss Neo Jia En for their feedback on the “No Plastic Bag” initiative. Mr Chan had earlier raised the same suggestion on biodegradable bags which NEA had replied to. The most sustainable…

Thinking out of the box: Polar Water’s packaging gets an environmental upgrade

Would you pay more for packaging if you knew it was environmentally friendly? Polar Water is confident that Singaporean consumers are ready to do so, as they rolled out their new line of carton-packaged water on Tues. The…

Cleaners to undergo compulsory workplace safety training from 2022

Cleaners will have to undergo a mandatory WSH course from 2022 to make sure they are aware of and take precautionary measures against occupational risks such as slips and falls. Besides the compulsory safety course, cleaners will also…

Increased maintenance works improving reliability of Bukit Panjang LRT: Khaw Boon Wan

Increased maintenance efforts on the Bukit Panjang LRT (BPLRT) are bearing fruit, with reliability on the line doubling over the last four years. Between Oct last year and Sept this year, the 20-year-old light rail line clocked 64,000km…

SaSa shutters, there were others: 5 popular names that left Singapore malls

SaSa will no longer be a familiar sight in neighbourhood malls as it announced closure of all 22 stores in Singapore. Here are five other popular retailers which we have said goodbye to over the years. 1) Borders…

Singapore Business Review

Share of resold low-cost condos edged up to 24.9% in Q3

This chart by Edmund Tie Research revealed that the proportion of condo resale units lower than $1m edged up from 23.8% in Q2 to 24.9% in Q3, whilst the proportions for the rest of price ranges remained relatively…

Government keeps steady supply of private housing for first half of 2020 land sales programme

The Government has kept largely unchanged the amount of private residential housing under GLS programme for the first half of 2020, in view of the supply overhang and as developers’ bids for land moderated after property cooling measures.…

Property market stable but faces risks: Desmond Lee

The property market is now broadly stable, but risks from trade rows and geopolitical tensions could still hit the sector, Second Minister for National Development Desmond Lee said yesterday. He told the 60th anniversary dinner of Redas that…

Singapore developers raise alarm over apartment supply glut

Singapore’s developers have expressed alarm over the high supply of private apartments amid slowing demand, with the glut threatening to suppress property prices. President of Redas, Chia Ngiang Hong, said at a dinner on Mon evening that home…

Bloomberg

Search for scale likely to keep S-Reits on M&A prowl

M&A are likely to continue in the S-Reit sector as Reits chase scale to better compete with rivals. Mon’s proposed union between Frasers Logistics & Industrial Trust (FLT) and Frasers Commercial Trust (FCOT) is the latest in a…

The Business Times

Robinson Centre close to being sold: sources

Robinson Centre, a 20-storey office building in CBD, is close to being sold, BT understands. Market watchers expect the pricing to be around S$340 million, or in the range of S$2,550-S$2,600 psf based on the building NLA of…

The Business Times

All SaSa Singapore stores to close as cosmetics retailer exits city

All 22 SaSa Singapore stores are to be closed down as the Hong Kong-headquartered parent calls an end to six years of ongoing losses in the city. The move will see 170 jobs axed and has triggered a…

Inside Retail

Lawyer, property agents among 10 charged with involvement in S$11.4 million housing loan cashback scams

Ten people, including a conveyancing lawyer and two property agents, were hauled to a district court on Tues and charged with participating in four housing loan cashback scams involving more than S$11 million. The alleged scams involved four…

TODAYonline