Daily Archives: March 6, 2020 (25 Articles Found)

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The full list of 2020 new launch condos in Singapore (+ analysis)

In 2020, we will likely be seeing more than 30 condominium new launches in Singapore, with a potential 12,000 units hitting the property market. (In comparison, over 16,000 units from 55 projects were launched in 2019.) With more…

Why the lease buyback scheme (LBS) still isn’t attractive to many

1) Inability to sell the flat – The biggest drawback is that, once you take part in the LBS, you can no longer sell or sublet your entire flat. As such, it tends to be people with oldest…

Japan Food Town shuttered, lease terminated by landlord Isetan

Japan Food Town, the cluster of Japanese restaurants on the fourth floor of the Isetan department store at Wisma Atria, shuttered on Feb 29 as it was “unable to meet its further obligations in the lease agreement”. In…

Busking zones from April, starting with Singapore River and Ang Mo Kio

Starting with the Singapore River and Ang Mo Kio, busking zones will be gradually introduced in Singapore, alongside initiatives that will make it easier for performers to busk. “Each zone comprises a cluster of busking locations, allowing buskers…

Singapore Philatelic Museum to reopen next year as dedicated children’s museum

When it reopens in 2021, the Singapore Philatelic Museum will become a dedicated children’s museum targeted at those aged 12 and below, it was announced on Fri. “The Singapore Philatelic Museum will be revamped as a dedicated children’s…

MP Louis Ng introduces Private Member’s Bill to better protect wildlife, crack down on poachers

MP Louis on Fri introduced his first Private Member’s Bill proposing tougher measures to protect Singapore’s wildlife through amendments to the WABA. If passed, the Bill would, among other things, make the indiscriminate feeding and release of all…

Law passed to boost facade checks on older S’pore buildings after 90 cases of falling debris in 3 years

Under legislative amendments passed on Fri, the facades of older buildings will be inspected more often after about 90 incidents in the past three years when parts of facades fell off. Lifts and escalators will also be subject…

Singapore still behind 2020 targets for air quality levels: Masagos

Air quality levels in Singapore in 2019 fell short of the goals the Republic had set itself to meet by this year for particulate matter and ozone, MEWR Minister Masagos Zulkifli said on Fri. He was responding in…

Wallich Residence penthouse sold at record high

At Wallich Residence, the tallest skyscraper in Singapore at 290m above sea level, prices have soared to new heights, defying both gravity and the coronavirus, it seems. That feat was achieved by a Taiwanese businesswoman who paid $17.5…

Veerasamy Road freehold conservation shophouse going for $5.2 mil

A two-storey shophouse at 22 Veerasamy Road will go on the block at Edmund Tie’s auction on Mar 25. The freehold property is priced from $5.2 million and sits on a 1,951 sqft plot. Thus, the guide price…

Unit at Dormer Park reaps $2.03 mil profit

The seller of a unit at Dormer Park located on Jervois Road made the top gain of $2.03 million over the week of Feb 18 to 25. The 2,347 sqft unit on the second floor was bought for…

Arcc Spaces to launch flagship space at One Marina Boulevard in April

Singapore-based co-working space operator Arcc Spaces is set to launch its flagship space at One Marina Boulevard in Apr. The new space will occupy 19,000 sqft on the 20th floor of the building, with views of Marina Bay…

‘Work, live, breathe’

More companies have cancelled “non-essential business travel” as the spread of coronavirus accelerates across the globe. Organisations are therefore tapping technology to stay in touch with their clients, suppliers and even their offices in other countries. Those who…

Six-bedder at St Thomas Suites on sale for $10.3 mil

A 4,672 sqft, six-bedroom unit at St Thomas Suites along St Thomas Walk in District 9 is up for sale at $10.3 million ($2,204 psf). Located above the 30th floor, the duplex unit has three bedrooms on the…

Singaporeans are optimistic with the current real estate market: PropertyGuru study

Despite the muted economy outlook, Singaporeans are more optimistic and satisfied with the property market, according to the latest findings in PG’s H1 2020 Consumer Sentiment Study, a half-yearly poll which measures consumer perceptions of the local property…

Lookout tower will adversely impact nature reserve

We thank Mr Edwin Pang and Mr Freddie Gerald Stewart for their letters. The Bukit Timah Nature Reserve is one of the four gazetted nature reserves in Singapore and an Asean Heritage Park. It is protected for its…

Two men and their company first to be convicted over offences under Foreign Employee Dormitories Act

Two men and the company they work for have become the first to be convicted under the Foreign Employee Dormitories Act after the authorities inspected four facilities run by the firm and found that some rooms were filthy.…

Singtel disinfects office floor after staff gets COVID-19

Singtel has disinfected the 20th floor of its Somerset office overnight and told employees working on that level to work from home after a staff member was infected with the COVID-19 coronavirus. On Fri, the telco said the…

Free entry to public swimming pools and gyms for Singaporeans aged 65 and above

Singaporeans aged 65 and above will be able to use all ActiveSG swimming pools and gyms for free from next month, it was announced on Fri. “By 2030, 1 in 4 Singaporeans will be at or above the…

Tee International fires ex-CEO and director

Tee Intl has immediately terminated ex-CEO Phua Chian Kin after he admitted to using company funds for personal use, according to an SGX filing. With this, Phua is required to resign as director of the company and the…

Private home sales plunged 38.6% in Q4 2019

Private home sales in Q4 2019 fell by 38.6% QoQ to 2,226 new uncompleted units as developers held back launches amidst the year-end holiday season, according to data from Savills. Developers rolled out 1,129 units from 11 new…

Upcoming office supply in Marina Bay area add up to 2.83 million sqft

This chart from Knight Frank shows that the upcoming office supply in Marina Bay/Raffles Place set to be launched by 2020 onwards is at 2.83 million sqft by GFA as of Q4 2019. The area takes up the…

COVID-19: SG Clean Taskforce set up to ensure long-term hygiene standards

In order to build upon a culture of keeping clean in Singapore, beyond the current COVID-19 coronavirus outbreak, the government has set up the SG Clean Taskforce. Set up under the purview of the Multi-Ministry Taskforce on COVID-19…

New assisted living homes for seniors to be rolled out in May

A new type of serviced HDB home for seniors, where residents can ask for help if they need it but still remain independent, will be rolled out in Bukit Batok in May, as more projects are being tested…

Track fault leads to train service disruption on North-South Line

Commuters on NSL were hit by significant delays yesterday morning due to a track fault. SMRT CCO Margaret Teo said: “At about 6am… a track point fault occurred between Ang Mo Kio and Yio Chu Kang stations.” Trains…

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