Daily Archives: February 11, 2020 (24 Articles Found)

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Tiong Seng wins $123.9 million worth of contracts

Tiong Seng Holdings has been awarded two private residential development contracts worth $123.9 million, bringing its total construction order book to some $1 billion. The first contract, worth some $99.6 million, is to build the Hollandia Residences project…

NetLink Trust poised to ride 5G rollout to offer earnings visibility, sustainable yield: analysts

Analysts remain bullish on NetLink NBN Trust, after the fibre network infrastructure operator posted a set of results for 3QFY2020 ended Dec that were within expectations. NetLink Trust on Feb 10 reported a 9.6% jump in 3QFY2020 earnings…

My complete BTO experience: From balloting to renovation regrets

It has been a month since I moved into my first property: a four-room BTO flat that I had balloted for two years earlier. I figured other young couples can learn a thing or two from our experience.…

Vending machines in Singapore now dispense Boon Lay Power Nasi Lemak

One can get many things from vending machines in Singapore these days, and now, even nasi lemak. Boon Lay Power nasi lemak, to be exact. Many may not know that Boon Lay Power Nasi Lemak already offers island-wide…

Foodpanda rider fined $4,000 for assaulting pedestrian, 60

A part-time food delivery rider on an e-scooter hit a pedestrian with his bag but still didn’t stop his PMD, a court heard. When the pedestrian shouted a Hokkien vulgarity, however, Rominico Ezekiel Siddons stopped, dismounted, and punched…

PMD rider allegedly hit elderly pedestrian with belt buckle

A confrontation between an e-scooter rider and an elderly pedestrian in Punggol in Nov last year resulted in the latter being hit on the forehead with a belt buckle, a court heard. At the State Courts on Tues,…

This guy bought an abandoned hostel and turned it into a stunning walk up for $1M

Most Singaporeans are pretty happy with their HDB flats and condos. But not David, a 99.co reader who bought a 1,255 sqft apartment in Lavender – which until a few years ago was a backpacker’s hostel. I believe…

New SERS projects, don’t expect many more sites to be eligible

In responding to a parliamentary question on new SERS projects, MND Minister Mr Lawrence Wong, said that he does not expect many more sites to be eligible for HDB‘s SERS. He was asked, “in the past 10 years,…

Spike in dengue cases; numbers could climb due to increased circulation of new strain

Dengue cases have spiked over the past two weeks, with 400 cases reported last week, up from 371 cases in the week before that, said NEA on Tues. As of Mon, there were 114 active dengue clusters, with…

NEA calls tender for virtual reality solutions to enhance training for officers

NEA has called a tender for VR solutions to enhance training sessions for its enforcement officers in areas such as dengue inspections and enforcement of offences such as smoking and littering. In a dengue home inspection VR scenario…

Coronavirus: Singapore firms ramp up efforts to contain spread of virus

Singapore firms and building managers are ramping up their efforts to contain the spread of the coronavirus as the country entered its first work week since the outbreak response level turned to code orange last Fri. There were…

More travellers entering Singapore through automated immigration clearance at Woodlands, Tuas: ICA

More travellers are gaining entry to Singapore using automated lanes at immigration land checkpoints, with 55 per cent doing so in 2019, as compared with 49 per cent in 2017. This is because more measures have been put…

Why Govt should use subsidies to encourage more to take public transport

Economists generally support public transport subsidies for three reasons: supply-side economies of scale, demand-side economies of scale, and the decrease in negative externalities from less car use. Our recent research studied how important these factors are in Singapore’s…

Landlords need protection too

I am puzzled by the stand taken by MOM for landlords who do not wish to house work pass holders with a travel history to mainland China for the 14 days of quarantine upon their return. Will it…

Savoir Singapore showroom opens

Savoir Singapore has opened its first showroom as the luxury bed manufacturer continues its expansion across Asia. The new 1500 sqft showroom is located in the Raffles Hotel Arcade, which reopened in July last year following a careful…

Daiwa upgrades CapitaLand Commercial Trust to ‘outperform’ from ‘sell’ on brighter post-merger outlook

Daiwa Capital Markets has altered its view on CapitaLand Commercial Trust (CCT) by almost 180 degrees, on the back of the REIT standing to benefit on “favourable terms” from its merger with CapitaLand Mall Trust (CMT). The merger…

Vacancies in retail spaces hit 7.5% in Q4

The overall vacancy level of retail spaces held firm at 7.5% in Q4 2019, despite higher vacancy pressures forming in parts of Central Region, according to a Savills report. Such challenges particularly came from vacated premises in the…

Condo resale prices up 2.3% in January

Condo resale prices rose 2.3% YoY and 0.5% MoM in Jan, lifted by price increases in RCR and OCR, according to SRX. Resale prices in RCR went up 2.6% YoY and 1.5% MoM, whilst OCR grew 2.3% YoY…

Construction sector retrenchments fell to 800 in 2019

This chart from MOM revealed that the number of retrenchments in the construction sector fell from 1,200 in 2018 to around 800 in 2019, based on preliminary estimates. In Q4, layoffs in the sector rose to 200 compared…

Sembcorp industries tapped to build floating solar farm

PUB has appointed Sembcorp Solar Singapore, to construct a 60MWp floating solar PV system on Tengeh Reservoir. PUB will use the energy produced to power its water treatment processes. The system will be designed to meet 7% of…

Collins Aerospace opens Singapore Innovation Hub, inks 12-year agreement with SIA

Collins Aerospace Systems has opened its Singapore Innovation Hub. The 10,000 sqft facility in Changi will develop and standardise advanced digital and automation technologies for the company’s MRO and manufacturing operations here. The innovation hub is expected to…

Singapore’s financial district on high alert as infections surface there

Businesses clustered in Singapore’s financial district have heightened their monitoring efforts amid the novel coronavirus outbreak, reflecting the realities of Singapore being a large financial centre where banks and other large corporations dot Shenton Way and the Marina…

HDB launches 3,095 flats in first exercise of 2020

HDB has launched 3,095 flats for sale under the Feb 2020 BTO exercise, it said on Tues. The flats, ranging from two-room Flexi to three-generation units, are located in the non-mature town of Sembawang and the mature town…

Singapore tourism to take ‘significant hit’ in 2020 due to coronavirus, up to 30% fewer visitors expected

The tourism sector will take a “significant hit”, with visitor arrivals estimated to fall by 25 per cent to 30 per cent this year due to the novel coronavirus outbreak, said the Singapore Tourism Board on Tues. “Visitor…

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