Daily Archives: January 15, 2020 (17 Articles Found)

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Industrial properties placed under mortgagee sale rose 34.2% in 2019

Knight Frank noted that some of the retail and industrial listings “became mortgagee sales as owners were unable to sell the property before foreclosure”. With industrialist facing higher financial pressure, industrial property listings under mortgagee sale expanded 34.2%…

Proposed dementia village at Gibraltar Crescent draws one bid

The proposed new concept dementia village occupying 10 bungalows at Gibraltar Crescent in Sembawang has attracted only one bid. It was submitted jointly by Pre 11 and Orpea Singapore. Pre 11 appears to be a newly-incorporated subsidiary of…

Crane operation to be safer with use of technology and new MOM guidelines

Increasing the use of technology alongside new WSH guidelines should make crane operations safer, said Minister of State for Manpower Zaqy Mohamad on Wed. The number of crane-related dangerous occurrences has fallen from 21 cases in 2009 to…

Uncle in hot water after taking a body soak in Sembawang Hot Spring Park

Sembawang Hot Spring Park has been open for less than two weeks, and the display of inconsiderate behaviour from some visitors has yet to stop. If you thought pieces of egg shells floating in the hot spring water…

More dengue cases reported in Singapore, less common strain detected in more clusters

The number of dengue cases in Singapore has increased since the beginning of the year and it could go up further, with the Aedes mosquito population remaining high. There were 345 cases reported in the second week of…

‘Anchor heritage’ Dempsey Hill tenants get new leases; three blocks to be launched for tender

Four long-time dining establishments in lifestyle enclave Dempsey Hill have been offered new tenancies as “anchor heritage tenants” — giving them a lifeline as their leases were originally due to expire in Mar. They include: Samy’s Curry; RedDot…

Chinese national charged for offering bribe, giving false information to law enforcement officers

A 29-year-old Chinese national was charged on Wed for offering to bribe a security officer and providing false information to law enforcement officers. Zhao Yankai was charged for offering S$10 as a bribe to Punitan Balasunthar, a security…

What’s the link between developers playing golf with each other and their bids for government land auctions? An NUS study has the answer

By studying the public records of all golf players in Singapore and the bids which developers put in for government land auctions, among other data sets, a group of university researchers believe that they have found “evidence of…

The investor’s argument against buying a BTO HDB flat at 30

Let us first start of by saying, BTO HDB flats are a great choice for the homeowner in Singapore. Absolutely fantastic. If I was ready to get married by the time I was 21, 22, 23, 24, or…

Foreign High Net Worth investors are pushing Singapore’s luxury homes market

Singapore’s real estate market has been in high gear for the past few years, during which massive developments have taken place. This has also translated to rising real estate prices in a market that is considered to be…

New private home sales plunged 53.1% in December to 538 units: URA

A total of 538 new residential units were sold in the month of Dec, falling by 53.1% MoM, and 10.6% YoY, according to the developers’ monthly sales data by URA. Though Dec 2019 sales is slightly weaker compared…

Condo rents down 0.9% in December meanwhile, HDB rents edged up 0.1%

Overall condo rents dipped 0.9% MoM in Dec as rents in CCR and OCR fell, according to an SRX report. The monthly figure is 16.6% lower than its peak in Jan 2013. CCR and OCR condo rents declined…

How to tackle homelessness in Singapore? Try some empathy for a start

As a grant-maker at CF, I often receive requests to fund research on social issues leading to the presentation of academic papers or journals. I find it hard to translate these into practical applications towards solving critical social…

Making our libraries a second home for all

Libraries are not just information hubs, but also places for the community to bond through various programmes (Libraries becoming critical common spaces: Iswaran, Jan 13). Moving forward, I think more can be done to maintain this continuing growth.…

Request for waiver of ABSD denied

Shortly after graduating, I joined the workforce and added my name to the ownership of my parents’ HDB flat to help in the payment of the mortgage. I have been married now for several years and still do…

BT gets on Habitap app to reach 60,000 users with business news

BT will be reaching out to almost 60,000 readers for a start in offices and homes through a partnership with smart office and smart home platform developer Habitap. Under the exclusive partnership, BT will curate a selection of…

Average home sizes could grow to 920 sqft in 2021

This chart from DBS reveals that the government’s policy to hike the average size of home projects will drive home size to rise to 920 sqft in 2021. The policy is in response to a decline in home…

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