Daily Archives: February 4, 2020 (16 Articles Found)

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HDB looking at improving document signing process

We thank Mr Yeo Shuan Chee for his feedback (HDB requirement on signing document was difficult for elderly parents, Jan 23). Mr Yeo had been invited to select a flat under MCPS, which helps married children and their…

Floating barriers off Pasir Ris an eyesore

I understand the need for physical barriers to be put at strategic locations around Singapore’s shores to safeguard against illegal immigrants (Floating security barriers upset residents, Jan 25). However, as someone who has lived in Pasir Ris for…

Security barriers deter only certain groups

In the light of active terrorist activities and the heightened security climate in the region, the authorities should continue to tackle terrorism on all fronts, and the sea is no exception. The comment made by a Sentosa Cove…

Staff handling passports at risk

I am deeply concerned for security staff at Changi Airport who are handling dozens, if not hundreds, of passports and boarding passes each shift. It does not strike me as absolutely essential for the staff to touch these…

Two freehold shophouses off Serangoon Road going for $6.6 mil

A pair of shophouses at 24 and 26 Moonstone Lane have been offered for sale as a bundle by EOI, announced CBRE. The freehold properties have an indicative pricing of $6.6 million. This translates to $944 psf ppr…

Singaporeans are ditching their flats earlier, with good reason

Remember when our HDB flats were our retirement fund? In 2019, there were 22,477 resale flat transactions. About 20 per cent of these transactions (4,578 units) involved newer flats (that is, flats 10 years old or younger). That’s…

Will new theory test for e-scooter riders apply to tourists? MPs raise questions about new PMD laws

Parliament on Tues passed into law a ban on all motorised mobility devices from footpaths and a host of steps to improve safety on Singapore’s paths, including a minimum age for electric-scooter users. But this was not before…

Rise of shared bicycles, e-scooters took away demand for S$4.7m underground bicycle-parking facility in Admiralty: Khaw

Around the time that Singapore’s first fully automated underground bicycle-parking system opened to the public in Jan 2018, dockless bicycles, e-scooters and other PMDs were already entering the market here. The SecureMyBike system at the Kampung Admiralty, located…

‘Proud this person is in our block’: Residents touched by gesture of neighbour who put masks in lifts

Residents of a HDB block in Punggol Field say they were surprised and touched by the gesture of an anonymous neighbour who left masks and a bottle of sanitiser in both lifts of their block. Other residents have…

All motorised mobility devices banned on footpaths from April: Govt

A ban on riding electric scooters on footpaths, which came into effect in Nov, will be extended to all other motorised mobility devices from Apr. This means devices such as e-skateboards, hoverboards and unicycles will also be barred…

Seek shelter in non-infected REITs amid the coronavirus outbreak: DBS

In the midst of heightened volatility due to the novel coronavirus outbreak, investors are likely to seek shelter in Singapore REITs, according to DBS Group Research. While FSTREI Index (REIT Index) rose 6.6% since the low in Dec…

OUE Commercial REIT to draw investor interest on stable portfolio, potential index inclusion: Analysts

OUE Commercial REIT (OUECT) could well have started to reap profits from its merger with OUE Hospitality Trust (OUEHT). Following the merger, OUECT has become one of the largest diversified REITs with total assets of some $6.8 billion…

Retirement savings may best real estate returns in Singapore

In property-crazed Singapore, owning real estate isn’t always the high-yielding investment you might think. The rate of return for private apartments in the city-state has slipped since 2011, when measures to cool the market were introduced by the…

Travel curbs likely to crimp hospitality Reits’ distributions

Distributions to investors from hospitality Reits could be cut by up to double digits, analysts say, after the Singapore government’s latest entry ban on travellers with recent history of visiting China. This negative prognosis, accompanied by stock downgrades,…

Freehold shophouse in Holland Village up for sale for $13.8m

A shophouse with two retail units in Holland Village together with their adjacent front and rear land parcels have been put up for sale at an indicative price of $13.8 million. Situated at 26A and 26C Lorong Mambong,…

Novel coronavirus: Landlords may be penalised for evicting tenants on quarantine or leave of absence

Landlords may be penalised for evicting tenants who are on home quarantine orders or leave of absence (LOA) during the coronavirus situation, said the Government on Mon. “Landlords found to have irresponsibly evicted their residents may face restrictions…

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