Daily Archives: March 5, 2020 (30 Articles Found)

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Inconsiderate dog owners already a problem before scheme revision

It is becoming increasingly common to see pools of urine at HDB void decks, near letterboxes and along corridors. If one is unlucky, he might even step on a pile of dog poo. Of late, I don’t know…

Property cooling measures must stay in place

The Government announced that listed developers with a substantial connection to Singapore can apply to be exempted from the QC scheme. Empirically, this scheme has helped to stabilise the property market since its introduction, supplementing ABSD to rein…

Malls should take long-term view and give rental rebates

The passing on of property tax rebates of 15 per cent, as promised by landlords to retailers, will come too little too late to save many of Singapore’s small business operators. Even as a REIT investor with vested…

Three conservation shophouses in District 1, 2 up for sale

Three commercial shophouses in District 1 and 2, at Ann Siang Road and Keong Saik Road respectively, have been put up for sale via EOI, revealed Knight Frank. The shophouses form part of a portfolio of properties, which…

Half of Singaporeans unfamiliar with home loan paperwork

Nearly half of Singaporeans were not familiar with the paperwork for home loans in H1 2020, according to a consumer sentiment study by PG. At the same time, only 18% said that they are very familiar with the…

Singapore nabs 8th spot for fastest growing UHNWI markets

Singapore ranked as the eighth fastest growing ultra-high-net-worth individuals (UHNWIs) market in the world, at a 10% growth rate from 2018 to 2019, according to Knight Frank’s City Wealth Index report. UHNWIs are those whose net worth is…

M1 partners with MVNO Geenet to provide WiFi services for dorms

M1 and MVNO Geenet will offer mobile services on top of Wi-Fi for dormitory residents. Through their partnership, Geenet will be utilising M1’s mobile network infrastructure to provide an integrated plan comprising Wi-Fi and mobile services, which include…

Three URA residential site tenders close with lukewarm response from developers

URA has closed tenders for three GLS for two neighbouring residential sites at Canberra Drive (Parcels A and B) and Fernvale Lane on Mar 3. The top bids received for all sites were “conservative” and the participation “lukewarm”,…

Market sentiment on CapitaLand Mall Trust ‘too pessimistic’, says CGS-CIMB; upgrades to ‘buy’

CapitaLand Mall Trust (CMT) has seen its share price slide on concern over the Covid-19 outbreak in Singapore. From its year-to-date peak of $2.62 on Jan 24 – a day after the first confirmed case in Singapore –…

Asian Development Bank opens office in Singapore to expand strategic collaboration

The Asian Development Bank (ADB) has opened an office in Singapore, in a move that will deepen collaborative efforts on some of the most pressing development challenges facing Asia and the Pacific, MOF said on Thurs. ADB president…

CapitaLand offers tenants rental rebates; Retail, F&B bodies urge other landlords to follow suit

About 1,000 tenants in urban and suburban malls have been offered rental rebates by CapitaLand, RAS said on Thurs. It cited a letter issued to tenants on Wed, said CapitaLand has reviewed sales and footfall data for Feb…

Former property agent fined S$88,000 for illegally offering short-term stays to tourists on Airbnb

A former property agent was fined S$88,000 on Thurs for illegally offering short-term stays to tourists via online accommodation site Airbnb. Joel Su Jiqing, who was a Propnex agent at the time, is the fifth person to be…

PAP’s youth wing recommends increasing carbon tax, tracking emissions of large emitters to tackle climate change

Raise the carbon tax to 20 times its current rate of S$5 for each tonne of greenhouse gases and track the carbon emissions of all companies with a net revenue above S$10 million. These are some of the…

Measures to encourage electric vehicle use: Allowing tech that can charge car in 30 minutes, electric motorcycles on expressways

To encourage the wider adoption of cleaner vehicles here, the Government will allow the installation of fast-charging stations that can fully charge an electric car in about 30 minutes. Senior Minister of State for Transport Janil Puthucheary said…

Robot to deliver meals, medication to Covid-19 patients at Alexandra Hospital to reduce exposure of healthcare workers

Some patients at Alexandra Hospital with suspected or confirmed Covid-19 are soon set to receive their meals and medication from a robot. A second robot is being deployed to clean, and chats with patients in four languages as…

Man fined $9,000 for flying drone near Paya Lebar Air Base

A 41-year-old man flew his drone more than 430m high within 1.7km of Paya Lebar Air Base, endangering the safety of aircraft, a court heard. At the State Courts on Thurs, Tay Miow Seng was fined $9,000. He…

12th public general hospital to be built in the east by 2030: Gan Kim Yong

Singapore will have its 12th public general hospital built in the east by 2030, to ease the current load on CGH. Minister for Health Gan Kim Yong announced the plan on Thurs. The actual location of the hospital,…

Silver Zones for seniors, booster seats for kids for enhanced road safety in Singapore

The Singapore government has announced on Thurs several measures targeted at making roads safer and public transport systems more inclusive for the country’s vulnerable pedestrians and commuters. Some of the measures include more Silver Zones to enhance road…

Government to build charging infrastructure for electric vehicles: Janil

The government will ensure that there is enough charging infrastructure accessible to EV owners, said Senior Minister of State for Transport Janil Puthucheary on Wed. This is in support of the “ambitious undertaking” for all vehicles in Singapore…

More than 1,300km of cycling paths islandwide by 2030: Lam Pin Min

LTA will accelerate the building of cycling path networks and active mobility infrastructure across Singapore over the next 10 years, under a new Islandwide Cycling Network (ICN) programme. Senior Minister of State for Transport Lam Pin Min said…

Johor-Singapore rapid rail link project remains suspended till end-April: Khaw

The proposed JB-Singapore RTS Link project with Malaysia remains suspended till the end of next month, said Transport Minister Khaw Boon Wan in Parliament on Wed. Responding to Tampines MP Cheng Li Hui’s query on the progress of…

Priority cabins on NEL trains for vulnerable commuters by end-2020

LTA will launch a one-year pilot for priority cabins on NEL trains at the end of this year. Under this initiative, the two centre cabins on each NEL train will be designated as Priority Cabins for “vulnerable commuters”…

More than $60b over next decade to expand, renew rail network: Khaw

More than $60 billion will be invested over the next decade to expand and renew Singapore’s rail network, said Transport Minister Khaw Boon Wan in Parliament on Wed. He said that the extensions to the existing NEL and…

Transport projects may be further delayed by COVID-19 outbreak: Khaw

While the delay to transport infrastructure projects timelines is still manageable, a prolonged COVID-19 outbreak could disrupt the supply of construction equipment and materials, said Transport Minister Khaw Boon Wan on Wed. He told the House that such…

‘If this goes on, I might quit’: Mall tenants want rental rebates soon to counter COVID-19 hit

Since the outbreak of COVID-19 in Singapore, business has slowed so much for one retailer at Bugis Junction that there were days when only one sale was made. The owner was told by mall operator, CapitaLand, that part…

HDB resale prices up 1% in February

HDB resale prices rose 1% YoY and 0.7% MoM as all room types posted monthly increases, according to an SRX report. On a YoY basis, three-room prices dipped 0.5%, whilst the rest of the room types grew. Four-room…

CAD orders TEE International to show documents on ex-CEO’s remittances

TEE Intl’s board of directors has received an order to produce documents to CAD to assist with the investigations of the remittances of its former CEO who had admitted to using company funds for personal use. TEE Intl…

S-Reits on the rise after US rate cut

Investors piled into S-Reits after the 50 bps emergency rate cut in US in the wake of the coronavirus outbreak. Reits – often viewed as key beneficiaries of reduced borrowing costs – outperformed the broader market yesterday. The…

Coronavirus lingers in rooms and toilets, but disinfectants kill it

New research from Singapore published on Wed showed that patients with the novel coronavirus extensively contaminate their bedrooms and bathrooms, underscoring the need to routinely clean high-touch surfaces, basins and toilet bowls. On the other hand, the virus…

Singapore retailers ask landlords for three months of rental rebates as coronavirus impact stings

More than 300 retailers in Singapore have banded together to ask their landlords for a lifeline amid plummeting sales, as the coronavirus outbreak keeps both tourists and local shoppers away from once-bustling malls. The retailers, acting as an…

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