Daily Archives: February 26, 2020 (13 Articles Found)

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How will Covid-19 and cooling measures such as ABSD impact the property market?

Last Wed, DPM Heng Swee Keat told Bloomberg TV in an interview that the Government has no plans to ease property cooling measures. This is understandable given that the Covid-19 outbreak has led to a percentage point downgrade…

LTA looks to test hands-free payment on trains, buses

A trial of a hands-free payment system is set to be carried out on the rail network and public buses, in a move to make the public transport system more inclusive. LTA called a tender earlier this month,…

Here’s what property owners can do amidst the virus crisis

Recycling capital into new opportunities that have risen from the COVID-19 crisis could be an option for Singapore’s property owners, according to Colliers Intl. This includes office and hotel assets for mid to long-term growth with favourable supply-demand…

Housing affordability – how much home loan should I take?

With housing being one of the biggest expenditure many expect to invest in, it is crucial for both homeowners and tenants to determine how much of their income they should set aside for housing costs, such as mortgage…

First time house buyers should avoid these common mistakes

1) Do not underestimate your budget – A crucial component many first-time house buyers forget to consider are the variety of fees and charges that accompany the home purchase price; 2) Carefully calculate your loans – Another savvy…

Uniqlo Singapore ditches plastic shopping bags

Uniqlo Singapore is ditching its plastic shopping bags in favour of paper. The decision reflects a global move by the brand to become more environmentally friendly and reduce its reliance on single-use plastics. The new bags will retail…

Singapore malls foot traffic almost back to normal: CapitaLand

Customers are once again going shopping with foot traffic especially in the suburban malls almost back to normal, said Lee Chee Koon, CapitaLand group CEO on Wed. It’s about 5 per cent down from before the Covid-19 outbreak,…

CapitaLand top brass to take pay cut even as FY2019 earnings up by 2.2%

CapitaLand’s board and senior mgmt have taken the cue from parent company Temasek Holdings, in a belt-tightening measure amid the covid-19 outbreak. With effect from Apr 1, they will cut their own pay and directors’ fees by between…

Labour crunch and supply delays: Some construction firms in Singapore feeling the strain of COVID-19

Construction firms in Singapore are starting to feel the strain from labour shortages and supply chain disruptions caused by the outbreak of COVID-19, with some seeking deadline extensions for their projects. As part of measures to curb the…

Changi’s passenger movements up 5.2% in January

Changi Airport’s passenger movements edged up 5.2% in Jan 2020, totalling 5.95 million passenger movements compared to the same period last yea. Aircraft movements rose by 2.2% to 33,400 landings and take-offs, whilst airfreight throughput declined 8.4% to…

New buses to feature passenger info display system

We thank Mr Noel Low for his feedback (Buses should keep commuters informed of next destination, Feb 13). All public buses deployed since Dec 2018 have been installed with a digital Passenger Information Display System (Pids). The Pids…

Action being taken to stop bird menace at food outlets

We thank Mr Ronnie Lim Ah Bee for his feedback (Tackle bird problem at hawker centres, coffee shops, Feb 19). NEA and town councils, which also maintain the common areas of hawker centres, have undertaken several initiatives to…

Some riders attempting to get around footpath ban

The ban on PMDs from footpaths has generally restored order and safety on pedestrian pathways. But now some riders seem to be circumventing the rules by other means. The most common is the use of powered bicycles. These…

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