Daily Archives: February 19, 2020 (23 Articles Found)

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Centra Group launches freehold bungalows in Bukit Timah and Holland Grove

Local property developer Centra Group has launched four freehold detached houses for sale from $11 million each. Each bungalow comes with a home lift, a 15m swimming pool, solar energy panels, and six en suite bedrooms. The properties…

Easing property curbs isn’t on Singapore’s radar, Deputy PM says

Singapore has no immediate plans to ease property curbs, DPM Heng Swee Keat said, amid renewed calls by developers to loosen a measure that penalizes them if they fail to complete and sell new projects within five years.…

Incentives likely to encourage electric vehicle adoption in Singapore, but questions remain, say analysts

Newly announced measures aimed at incentivising the use of EVs are likely to encourage their adoption, say observers, though there are still questions about their implementation. Singapore’s electric car population currently stands at 1,125, or just 0.18 per…

Budget 2020: Car dealers, buyers doubtful over new measures to boost sales of electric vehicles

Car sellers and buyers are not completely convinced by new measures announced by the Government on Tues designed to make EVs more attractive to buyers. Most sellers and buyers that TODAY spoke to on Wed felt that the…

Sembcorp-Veolia deal gets go-ahead from competition watchdog

CCCS has cleared Sembcorp Industries’ acquisition of Veolia ES Singapore (VESS). It concluded that the merged entity would continue to face sufficient competition in the relevant markets from other suppliers in Singapore and overseas. NEA was found to…

Town council financial reports: Are residents getting money’s worth?

Never mind that residents in housing estates pay S&CC, the bet is that not many look at their town council’s financial reports to see how well their money is being used. Beyond reacting to announcements about town council…

Singapore vows to be first in Southeast Asia to ditch petrol cars

The common sight of loud, gas-guzzling Ferraris, Porsches and Lamborghinis zipping around the smoothly-paved roads of wealthy Singapore is set to become a thing of the past. Finance Minister Heng Swee Keat said on Tues that Singapore intended…

Singapore Budget 2020: Airlines, airport retailers welcome relief on fees and rentals

Flying an Airbus A-380 plane from Shanghai into Singapore would typically cost SIA about $6,300 to land at Changi Airport. But it will get a 100 per cent rebate now on the landing fee, with the same offer…

Town council adheres to guidelines set by authorities

We thank Mr Phua Chin Teck for his feedback (Review impact of mosquito control operations on water supply, Jan 28). AMKTC in maintaining the water tanks, adheres to the guidelines the authorities have set. This ensures a safe…

Tackle bird problem at hawker centres, coffee shops

It is heartening to read about the quality scheme to raise cleanliness standards and safeguard public health amid the coronavirus outbreak. The scheme needs the concerted effort of both stallholders and the public to succeed. At this juncture,…

Construction at Seletar Aerospace Heights halted since first COVID-19 case reported

The real estate company behind the Seletar Aerospace Heights work sites linked to five cases of COVID-19 “immediately halted construction” after it was notified of the first confirmed case on Feb 9.. Boustead Projects confirmed on Tues that…

Look into shortage of motorcycle parking spaces in the CBD

I refer to Mr Varun Naidu’s letter, “Crack down on motorcyclists who ride on pavements” (Feb 18). For many years, there have been insufficient parking spaces for motorcycles in CBD. When the Golden Shoe Car Park was still…

Grab and Volocopter are mulling flight tests for air taxis in Singapore – here’s what we know

The source for this article is no longer available

Is it a bird? Is it a plane? Well, it might just be a Grab. The ride-sharing company has partnered with German startup Volocopter to study the feasibility of running an air taxi service in the Republic and…

Can TPG manage to clinch a 5G licence in Singapore?

TPG may struggle to secure a 5G licence as it may likely lag in the needed technical architecture and security in order to win one of the two spectrums, according to a DBS Group Research report. Under this…

Retail property deals soared 204% to $4.1b in 2019

This chart from Colliers Intl revealed that retail property investment sales skyrocketed 204% YoY to $4.1b in 2019. In the second half of 2019, however, transaction volume contracted 6.7% HoH on a high base. The growth in sales…

Top 3 S-REITs’ returns hit 26.9% in 2019

The three best-performing S-REITs saw an average total return of 26.9% in 2019, according to an SGX report. This brought its one-year and three-year total returns to 18.3% and 53.6%, respectively. The three S-REITs are CapitaLand Commercial Trust…

New completions to ramp up residential vacancy rates in Q1

Newly completed private residential properties could likely contribute to rising vacancy rates in Q1, according to PG’s Singapore Property Market Index. The report noted that recently completed condos with a significant number of unsold balance units could cause…

Fish farms turn to AI, recirculating systems to scale up sustainable aquaculture

On a barge off northeastern Singapore, underwater cameras monitor barramundi and red snapper swimming in large tanks that can hold 1.8 million litres of water each. The cameras are part of a digital system that monitors how well…

Budget 2020: Steering towards adoption of electric vehicles a shift in Govt focus, say experts

Transport and energy analysts support the new subsidies announced by the Government to encourage Singaporean drivers to switch to EVs, but said that the availability of charging points is crucial to get more drivers on board. Associate Professor…

Budget 2020 rebates and waivers helpful but pressing rental and wage concerns remain, say business operators

Business owners and stakeholders in the food services, retail and tourism industry were thankful for the support measures unveiled during the Budget statement on Tues. However, some of them said that the initiatives were still not as targeted…

Wing Tai: Developers unlikely to drop prices despite virus outbreak

Singapore’s property market is in a good position to withstand the Covid-19 spread, says Wing Tai’s deputy chairman and deputy MD Edmund Cheng. He believes property developers here are not likely to drop prices in a knee-jerk reaction…

Tenants stand to benefit from 15% property tax rebates

In a bid to alleviate Covid-19’s impact on businesses, landlords of private commercial properties are looking to pass on savings from the 15 per cent property tax rebate, which was part of the Budget package delivered on Tues,…

Tourism sector to receive tax rebates in 2020

Companies in the tourism sector will enjoy various tax rebates for 2020 in light of the economic effects of the COVID-19 outbreak, finance minister Heng Swee Keat said in the Budget 2020 speech. In particular, 30% property tax…

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