Daily Archives: December 16, 2019 (27 Articles Found)

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OrangeTee Holdings rebrands as OT Group

Local real estate agency and advisory group OrangeTee Holdings has changed its name to OT Group. This new name reflects its unified identity following the merger of its real estate agency arm with the agency arm of real…

More Singaporeans aware of climate change’s impact, willing to sacrifice for low-carbon economy: Survey

A new survey has identified a significant shift in Singaporeans’ attitude to climate change. In 2017, the top reason cited for taking climate-friendly decisions was to lower household bills but now it is to “preserve a liveable world…

3 key trends that will guide the Singapore property market for 2020

The 3 big trends that will likely guide the property market in 2020, according to PG. 1) Buoyant foreign buying to continue – The Singapore luxury property market, which performed well above expectations in 2019, is likely to…

Eco factors part of Body Shop’s makeup

Companies tend to think sustainability will force them to compromise on profits, but beauty chain The Body Shop finds that it can win and retain customers precisely because environmental awareness is embedded in its business. Ms Yang Kean…

Recycling, new tech a good fit for Uniqlo

Uniqlo is known for its simple designs and colours but it is also undertaking a major initiative to boost sustainability efforts in Singapore and across the group. One step involves replacing the Singapore stores’ plastic bags with recyclable…

Hindu temple consecrated after $1m works

The Sri Layan Sithi Vinayagar Temple in Chinatown held a consecration ceremony yesterday. The event, conducted every 12 years, marks the re-energising of the 94-year-old temple and the deity within. The ceremony also marked the end of seven…

More Singaporeans aware of climate change but few know what to do: Survey

The proportion of Singaporeans who are aware of climate change and its impact has increased, with many willing to take steps to combat it, according to a survey by NCCS. In the latest findings of its biennial survey,…

LTA awards $954m in North-South Corridor construction contracts

LTA has awarded three contracts worth a total of $954.1 million for the construction of the NSC viaduct between Sungei Seletar and Admiralty Road. Works on these deals, which are the last of the 14 NSC building contracts…

Record 73 PMD-related fires in first nine months of 2019

A total of 73 fires related to PMDs occurred in the first nine months of the year, said SCDF in a FB post on Sun morning. That averages at about eight such fires per month over the period.…

November new private home sales get bump from old launches

Sales of new private homes rose 23 per cent in Nov from the previous month, boosted by demand for projects launched during the last two years. Developers sold 1,147 homes, excluding ECs, in Nov, compared with 931 homes…

Improve ‘yellow sticker’ priority seating scheme

LTA recently launched the “yellow sticker” pilot initiative to cater to the needs of commuters with less visible medical conditions such as chronic pain and heart disease. This initiative is commendable and I have some suggestions to improve…

HDB can set up window maintenance scheme for flat owners

I am alarmed that there were 48 cases of fallen windows in the last 11 months. Even one case is one too many. Fallen windows can cause serious injuries and even death. However, to leave it to home…

Location of taxi stand at cruise centre helps ease passenger flow

On the taxi situation at Marina Bay Cruise Centre, Sats-Creuers would like to highlight that the terminal sees about 9,000 passengers on a cruise day and most of these passengers would take a metered taxi (Limo taxis have…

Going green requires a lifestyle change

I was disappointed to learn that 93 per cent of 40,700 tonnes of waste meant for recycling was shipped overseas last year. It seems Singapore was among several countries exporting their waste. Clearly, our recycling efforts fall far…

Have climate change lessons in schools

I was disappointed that Italy and not Singapore is at the forefront of environmental education worldwide (Italy to start climate change lessons for students in every grade, Nov 7). The urgency to reverse climate change has turned from…

Disjointed buying experience puts retail customers off

It is sad to learn of another established brand disappearing from the retail scene. Indeed, times have changed for the worse for retailers. Companies are slow to respond to shopping trends perhaps because they are holding on to…

Keppel Seghers acquires 18% stake in environmental solutions provider Zerowaste Asia for $5 mil

Keppel Seghers, the wholly-owned subsidiary of Keppel Infrastructure, is set to acquire an 18.18% stake in environmental solutions provider Zerowaste Asia for $5 million. Singapore-based Zerowaste Asia offers one-stop environmental solutions in industrial waste and wastewater mgmt. Currently,…

Check out the condos with the most leasing deals in Q3

This chart by Savills reveals that Lake Grande posted the highest leasing volume amongst condo projects in Q3, with 221 transactions. Since its completion, 304 units in the condo had been rented out by Sept, accounting for 42.8%…

Tender sale of Raffles Place property moved to March 5

The tender submission date for the collective sale of The Arcade in Raffles Place has been moved to 5 Mar 2020, announced Colliers Intl. The deadline was extended from 8 Jan 2020 in response to developers’ request for…

UOB, DBS and StanChart grant $945m green loan for DUO Tower deal

UOB, DBS and StanChart have jointly grant a $945m green loan to asset manager Allianz Real Estate and private equity fund firm Gaw Capital Partners to finance their acquisition of DUO Tower and DUO Galleria. The three banks…

Leverage limit announcement for Reits won’t come so soon: MAS

S-Reits and listing aspirants are seeking clarity on any amendment to leverage limits, so as to either better plan their capital structure or formalise their listing plans for 2020. Ronald Tan, director of listings at SGX told BT…

Modest private home price growth expected in Singapore

Singapore’s private housing market is poised for modest price growth next year, amid a resilient leasing market. However, developers are expected to continue being challenged by the significant supply of unsold private housing units in the pipeline although,…

Does China still have anything to learn from Singapore?

When the then Chinese strongman Deng Xiaoping visited Singapore in 1978, he was so impressed with its social discipline and order that on returning to China he instructed his own officials to look to the Lion City for…

Providing affordable flats and good homes

2019 has been a busy year for MND’s work on public housing. In Sept this year, we made two major policy moves – we raised the income ceilings for HDB flats and introduced a new Enhanced CPF Housing…

Sim Lim Square retail mall makes second run for collective sale

Sim Lim Square retail mall is up for collective sale under a second tender, following the discovery of an extra 27 per cent built-up space. SLP Intl Property Consultants said the mall, located at the apex of the…

Glitch between Kranji, Bukit Gombak stations causes mass commuter exodus

Commuters in the west had a rough start to their Mon mornings after train services were disrupted between Kranji and Bukit Gombak stations. Thousands of commuters found themselves either stuck in stationary trains, jostling through unusually large crowds…

Youth on probation paint mural for foreign workers

Placed on probation for offences such as vandalism, six young people worked with a local artist to paint a mural for foreign workers. The mural, measuring 2.4m by 3.8m, features foreign workers playing cricket. It was unveiled at…

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