Daily Archives: January 10, 2020 (22 Articles Found)

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Can Singapore really transit to a post-oil economy?

Some commentators have called for more drastic action from Singapore’s policymakers to “mitigate”, or reduce, the effects of climate change. One academic, for example, Assistant Professor Angel Hsu of Yale-NUS College in a Dec 23 commentary on CNA…

Hotels must go green so guests won’t see red: Boss

Sustainability has long been a sticky topic for the hospitality industry but Pan Pacific Hotels Group (PPHG) believes there is more room at the inn for an eco-friendly approach. One part of the initiative involves spending $45 million…

Home Nursing Foundation launches day-care and dementia care centre for elderly in Hougang

Sitting idle at home is unthinkable for retiree Allan Thia Tian Siong. Since Sept 2019, the active 82-year-old makes the short commute from his home to Hougang CC daily to meet seniors like himself. On Fri, he was…

Almost half of native butterfly species have disappeared from Singapore over past 160 years

Almost half of Singapore’s butterfly species have disappeared from the island over the past 160 years, with the loss of specific plants and deforestation being key drivers of the local extinctions. Of the 236 butterfly species thought to…

Menacing mynas, pigeons and crows: Complaints about nuisance birds rising

Complaining of “poop like rain”, nests in air-conditioning units and crow attacks, more people are venting their frustrations with nuisance birds through official channels, even as NParks turns to new methods of bird control, such as reducing food…

Developers kicking off 2020 with early launches

It may be early in the new year, but developers are already starting the ball rolling, with three freehold projects – The Avenir, Leedon Green and Van Holland – in prime Districts 9 and 10 commencing sales. Savills…

Singapore telcos get more time for 5G bids

The telecom regulator has pushed back its industry deadline for 5G licence bids, citing “requests from MNOs for more time to submit proposals”. Would-be bidders now have until Feb 17 to make their pitches, IMDA said on Thurs,…

Commercial sector buoys 2019 investment sales

While Singapore saw total investment sales drop 10.6% year-on-year to $30 billion in 2019, the city-state registered several sizable commercial property transactions, revealed a Knight Frank report. In Q4 2019, investment deals fell 27.1% quarter-on-quarter to $7.3 billion.…

Arcc Spaces’ homecoming

These days, developer Arcc Spaces has a presence in six key Asian cities. But when it opened 17 years ago, the company’s CEO Justin Chen remembers a very different market. Back then, co-working space operators like Regus, Servcorp…

Beverly Hill unit makes $4.5 mil profit

Capping off 2019, the most profitable deal during the two weeks of Dec 17 to 31 occurred at the Beverly Hill condominium on Grange Road. A 3,778 sqft, four-bedroom unit on the eighth floor changed hands for $7.7…

Jean Yip’s hair-raising foray into property development

Since the 1980s, Jean Yip has been a household name synonymous with hair and beauty salons. What is lesser known, however, is its association with real estate — the eponymous chairman of Jean Yip Group has been steadily…

How resilient is the demand for high-end condos?

On Jan 3, just two days after ringing in the New Year, potential buyers thronged the preview of three prime, freehold projects in Districts 9 and 10. These were the 69-unit boutique development, Van Holland by Koh Brothers…

Parc Rosewood unit up for auction at $1.08 mil

A 1,335 sqft, two-bedroom penthouse unit at Parc Rosewood, along Rosewood Drive in Woodlands, will be put up for auction on Jan 21 at a guide price of $1.08 million ($809 psf), according to Edmund Tie. The fifth-floor…

Loke: Malaysia, Singapore committed to conclude RTS agreement by April

Malaysia and Singapore are committed to concluding the agreement on the JB-Singapore RTS Link project by Apr this year. This was disclosed by Transport Minister Anthony Loke on his official FB page today. Loke was in Singapore visiting…

‘Loud and unexpected’: Water gushes down Hougang block after pipe ‘dislodged’ during washing

Water gushed down the staircase of a HDB block in Hougang and flooded a coffee shop on Fri afternoon, after a pipe became “dislodged” while the water tank was being washed. AMKTC said in response to queries from…

White smoke in train at Raffles Place MRT due to leaking air-conditioning compressor

A leaking air-conditioning compressor led to white smoke billowing through a train that stopped at Raffles Place MRT station on Fri afternoon. Replying to CNA’s queries, SMRT said the incident happened at around 12.45pm at the east-bound platform…

Japanese vlogger calls Sembawang Hot Spring Park a ‘legit onsen’

Who better to review the Sembawang Hot Spring Park than an actual Japanese person who’s more than familiar with onsens? Ghib Ojisan made a return to the heartlands of Yishun recently to check out the refurbished park —…

Is 2020 the right time to buy private property in Singapore?

1) The same en-bloc fever that caused the supply glut is also preventing prices from plummeting – Developers paid insane prices for land during the collective sales fever. Given the already thin margins for developers, there just isn’t…

EC development will not be taken over by HDB, Minister confirms

MND Minister Lawrence Wong said in Parliament on Jan 6 that HDB will not take over EC development. He was responding to a question asking, “whether HDB will review EC scheme to take over the full development of…

These developers had the highest sales in 2019

This chart from DBS Bank shows that the top 10 developers by units have cleared between 13% to 50% of their total units as of the first 11 months of 2019. City Developments recorded the biggest percentage of…

More than 760,000 CPF members to receive Home Protection Scheme premium rebates

More than 760,000 CPF members are set to receive HPS premium rebates this month, in the first such rebate exercise in more than four years. Rebates totalling S$640 million will be distributed to eligible members on the back…

Most Thomson-East Coast Line stations to have two lifts

Most of the stations on the upcoming TEL – including the three opening in three weeks – will have two lifts instead of one to make life easier for commuters. Other stations in future will also get two…

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