Daily Archives: February 24, 2020 (23 Articles Found)

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Tedge to open showflat to the public this Saturday

Tedge, Macly Group’s latest mixed-development project at Changi Road, is set to open its showflat to the public this Sat. Sales preview will commence on 7 Mar. The freehold development features 42 residential units comprising two- to four-bedders…

Wing Tai Asia sold 70% of The M over Its launch weekend

Despite the coronavirus outbreak, Wing Tai Asia sold 70% or more than 360 of its 522 units for their latest condominium project, The M, over the weekend. The units were sold at an average price of $2,450 psf.…

Ascendas Reit divests Changi South warehouse for $20.3 mil

Ascendas Reit has entered into a SPA to divest its warehouse property at 25 Changi South St 1 for $20.3 million. According to Ascendas Funds Mgmt (S), the manager of Ascendas Reit, the buyer is convenience store chain…

Different home loans comparison gives best savings for home owners

If you have been shopping around for best home loans you may have noticed that different banks offer different rates and that even these may greatly vary at different points in time. This is because mortgages are complicated…

All home loans are not equal, but there is a unique one for you

Not all home loans in Singapore are created equal – as some will try to charge more than others. This is why it is very important to find the right lender who meets your needs for more funds.…

Home loan calculator is an essential tool for house buyers

If you were thinking of buying a home, whether it is your first or fifth time, a home loan calculator is one of the most important tools you need to have at hand. A good mortgage calculator will…

The courage to find the truth in new launches

Back in Nov 2018, I have been reporting the high number of returned units for new launch projects. Contrary to what was reported in the media, the impressive number of new units sold could never tally with URA…

How to make Singapore smile for the facial recognition camera

In Singapore, security cameras watch corridors of housing blocks and student hostels. Cameras detect littering from high-rise buildings, illegal smoking and e-scooters on footpaths. Singaporeans, it seems, are accustomed to being watched for security and safety, and to…

Fire breaks out at rooftop of Pandan Loop building

A fire broke out on the rooftop of an eight-storey building in Pandan Loop on Mon morning. The building, which was empty at the time, was in the process of being demolished, said SCDF in a FB post.…

Offer more help to struggling hawkers during Covid-19 outbreak

More than two weeks after the Covid-19 outbreak alert level was raised from Yellow to Orange, there is an obvious dip in foot traffic at hawker centres. While the hawkers whom I spoke to appreciate the one-month waiver…

Here are the priciest strata office deals in 2019

This chart from Knight Frank reveals that the sale of KH Kea Building recorded the priciest deal amongst strata office deals in 2019, for $79.3m. The nine-storey, 29,049 sqft building was sold to property conglomerate UOL Group from…

Top 5 S-REITs averaged total return of 8.5% in 2020 YTD

The five best-performing S-REITs posted an average total return of 8.5% in 2020 YTD, which outpaces the benchmark total returns, according to an SGX report. Ranked based on their net institutional inflow, Ascendas REIT led its peers at…

FLT-FCOT merger: Will market ethos trump fairness?

A fortnight ago, this column took a close look at the proposed merger of CapitaLand Mall Trust and CapitaLand Commercial Trust. Since then, some investors have asked what I think of the proposed merger of Frasers Logistics &…

CapitaLand to release 1-month security deposits for mall tenants as part of virus relief package

To ease cash flows for all its mall tenants amid the virus outbreak, CapitaLand on Mon said it will release one month’s worth of security deposits to offset their rental payments for the month of Mar 2020. This…

Coronavirus: ‘It’s a dirty job, but if we don’t do it, who will?’

While most Singaporeans avoid the places visited by those infected with the coronavirus, 62-year-old Jun Tay charges right in – a cloth in one hand and a spray bottle with disinfectant in the other. The possibility that the…

Bank’s facility is blast-resistant and has back-up power

A data centre might have sounded like a futuristic concept some time ago, but it has now become a reality, with companies from banks to tech giants setting up the “brain” of their operations in Singapore. Some of…

Singapore a big draw for data centres: Study

Singapore might be a small city-state with limited land area, but it is a global titan when it comes to being a market for data centres. It is ranked sixth in the world in attracting data centres to…

More 2-room flats in 3 non-mature towns

More two-room BTO flats will be offered in the towns of Choa Chu Kang, Tengah and Woodlands. This comes as 15,700 singles secured homes following a 2013 rule change which allowed singles aged 35 and above to buy…

In Singapore, REITs are becoming more important than ever

Singapore is becoming a hub for the property-mgmt industry: It has more foreign REITs than anywhere else in the world, and the companies’ importance on the nation’s benchmark equity index is the highest it’s ever been. Since the…

Fight against coronavirus laudable, but what about dengue effort?

Singapore is in the midst of fighting and controlling the coronavirus outbreak with some success in the past few weeks. It has even won praise from WHO and others for its efforts. This speaks volumes about the resources…

F&B sector hit hard by early mall closures during outbreak

Various shopping malls here have announced shorter operating hours amid the coronavirus outbreak as part of the industry’s moves to help retailers get through this tough period. But the decision has brought more dismay to the food services…

Expert says safe to go to gym, even as some report falling attendance

Gymgoers appear to be torn over whether or not to head to gyms to work out amid anxieties over the coronavirus outbreak. Of the 10 gyms TNP contacted, half reported a decline in attendance at their outlets, while…

Narrow escape for family after tree falls on their car in Dhoby Ghaut

A couple and their young son had a narrow escape after a huge tree fell on their car in Penang Road on Sat. The uprooted tree was about seven storeys high and obstructed three lanes of the road,…

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