Daily Archives: March 3, 2020 (18 Articles Found)

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1 million trees to be planted in Singapore over next 10 years: Desmond Lee

Speaking during MND’s COS debate, Second Minister for National Development Desmond Lee said Singapore currently plants around 50,000 trees per year. This rate will be doubled to hit the 1 million tree mark. He outlined four key moves…

548-unit OLÁ Residences gets 1,163 e-applications

OLÁ Residences, a Spanish-themed luxury EC in Sengkang, received 1,163 e-applications or more than double the 548 units offered at the development. “We are happy with the applications received over the past three weeks. While there were initial…

Nationwide locker network by end-2022; parcel collection points within 250m of all HDB homes

From late 2020, IMDA will progressively roll out a nationwide network of 1,000 parcel locker stations in public locations such as public housing estates, MRT stations and CCs. These will all be within 250m of every HDB flat.…

COVID-19: Landlords should not ‘stinge’ on retailers amid downturn – Chan Chun Sing

The authorities are aware of a dispute between certain landlords and retailers over passing on the benefits of a property tax rebate and are working hard to arbitrate on the matter, said MTI Minister Chan Chun Sing on…

Parliament: NLB to revamp 8 libraries, including Central, and open new Punggol Regional Library

NLB will revamp eight more libraries from now until 2026 and also build a new Punggol Regional Library with a more inclusive slant. Ms Sim Ann, Senior Minister of State for Communications and Information, announced this in Parliament…

Lease terms for arts spaces have not hindered development of vibrant scene in Singapore: NAC

We thank Dr Hoe Su Fern for her views on the redevelopment of 42 Waterloo Street and the arts scene in Singapore. The arts landscape has grown significantly in the last 25 years with close to 5,000 arts…

Global property deals stall as virus keeps China money home

Eric Marrus, a real estate broker at Compass in New York was conducting a virtual tour via WhatsApp for a Chinese couple unable to visit the home together because of coronavirus travel restrictions. As the outbreak spreads, snarling…

Tourism arrivals to drop by 28% in 2020

This chart from Morgan Stanley shows that tourism arrivals are expected to fall by 25-30% in 2020 due to the COVID-19 outbreak. Though hotels are in line with industry performance, such as City Developments (CDL) which currently has…

Unrealistic? NTU’s aesthetic dorm room makeover has netizens questioning feasibility

Amidst Covid-19 concerns (and us being in the year 2020 and all), NTU’s open house has gone digital this year. What caught the attention of netizens, however, was neither the campus facilities nor the school’s courses. It was…

Why you’re always told to pick two-bedders for rental income

1) You get a wider pool of prospective tenants – With one-room units, your prospective tenants are mostly restricted to single working expatriates. A two-bedder might attract the sort of tenant who’s staying for, say, three to five…

Taiwan’s Chun Fun How opens in Singapore

Taiwanese bubble-tea chain Chun Fun How is preparing to launch a flagship store at the Esplanade in Singapore this month. The floral-themed store will offer takeaway drinks only in its new outlet – mostly premium fruit tea blends…

Are low prices an opportunity for investors to cash in on S-REITs before a rebound?

As investors grapple with the possibility that the Covid-19 outbreak may be more prolonged than initially expected, this may just be the right time to cash in on S-REITs. Although highly sought after for their yields and stability,…

New co-working space in Jurong, more funds for deep-tech start-ups to spur innovation

A new co-working space to help local companies innovate and develop products will be launched in JID, announced Senior Minister of State for Trade and Industry Koh Poh Koon on Tues. The SIMTech Innovation Factory will be operationally…

Ugly neighbours hopefully won’t behave as badly at their new residence

It is a great relief to know that the prolonged quarrel Mr Daniel See had been having with his neighbours is finally over (‘Neighbours from hell’ move out, ending years of dispute, Mar 1). The couple, whose nightmarish…

Capitalising on diversity of thought in a collaborative space

Collaborative spaces have long been associated with nimble tech startups, millennial CEOs, and creative freelancers in need of a steady WiFi connection. Featuring a conducive working environment and packed to the brim with perks and add-ons to boost…

F&B outlets still waiting for promised rental rebates

With business affected by the coronavirus outbreak, F&B outlets waiting for promised rental rebates said landlords are dragging their feet. Mr Andrew Tjioe, CEO of TungLok Group, said: “We have reached out to various landlords and most just…

Covid-19: Tenants say some landlords dragging feet on rent rebate help

Commercial landlords and their tenants are at odds over the property tax rebate intended for landlords to pass on to renters. RAS fired the first salvo on Mon, calling out landlords for not delivering on their publicly announced…

Adam Road Food Centre hopes crowds will return after enhanced cleaning

Business at Adam Road Food Centre has taken a hit since the coronavirus outbreak, with some stalls reporting that their takings are down by 30 per cent. But hawkers are hopeful the crowds will return, with the centre…

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