Daily Archives: March 12, 2020 (17 Articles Found)

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Two conservation shophouses at Haji Lane and Arab Street for sale at $8.5 mil

A pair of shophouses at 56 Haji Lane and 87 Arab St are up for sale at a guide price of $8.5 million. The shophouses have 2.5 storeys each, and are fully tenanted to retail tenants. The pair…

Mortgagee sales seem to keep rising for CCR / luxury condos

The number of mortgagee sales been on the rise for the past three consecutive years. 2019 was especially worrying, with 630 mortgagee sales (including non-residential properties). That’s about a 61 per cent jump, from 391 mortgagee sales the…

PropertyGuru steps into home finance with mortgage marketplace

PG announced that it has launched an online mortgage marketplace, PropertyGuru Finance, as it expands into providing home financing services. Through collaborations with relevant industry stakeholders, PropertyGuru Finance will offer digital home financing services such as instant in-principle…

Kid-friendly places in Singapore that’ll make you believe you’re overseas

1) St John’s Island – What I love most about the island are the unspoilt beaches and white sand that’s not crowded with beach-goers; 2) Lee Kong Chian Natural History Museum – Some of the exhibits are interactive,…

25 people evacuated after morning fire blazes through three HDB flats in Woodlands

An early morning fire on Thurs at a Woodlands HDB block saw 25 people evacuated from their flats before they began their day. The fire affected three flats on levels eight to 10 of Block 845 Woodlands St…

3 teenagers arrested in relation to shopping mall spitting video

Three teenagers aged between 17 and 19 have been arrested for suspicion of spitting from a high floor inside a shopping mall, said police on Thurs. The trio – two males and one female – were apprehended after…

COVID-19: Singapore mosques to be closed for 5 days for disinfection from Friday

From Fri, all Singapore mosques will be closed for five days for disinfection, said Muis on Thurs. This week’s Fri prayers at all mosques will also be suspended while all mosque activities, religious classes and mosque-based kindergarten sessions…

HDB awards tender for Fernvale Lane EC site to Frasers Property

HDB has awarded the tender for an EC site at Fernvale Lane to Frasers Property, or FCL Lodge Pte Ltd, after it submitted the highest bid of $286.5 million. The tender for the EC site closed on 3…

Higher water use: Don’t blame maids

I wish to suggest a very different reading of the results of the survey of household water consumption by PUB. Given that households that employ domestic workers used more water than those that did not, the conclusion in…

Hotels linked to coronavirus cases among tourism, lifestyle businesses awarded SG Clean mark

The Orchard Road hotel linked to several intl coronavirus cases has become one of the first in Singapore to attain SG Clean certification, a move Grand Hyatt Singapore hopes will restore confidence among visitors. Three hotels linked with…

COVID-19: Hotels rolling out more staycation packages for Singaporeans

With more Singaporeans unsure about travelling overseas due to the spike in COVID-19 cases across the world, hotels here are gearing up to entice people to take staycations instead. Several hotels CNA spoke to have launched new staycation…

‘Holistic support system’ required as S$30,000 grant receives mixed reviews from HDB homeowners without direct lift access

At 66, Mr Osman Omar has to climb two flights of stairs between his third-floor flat to get to the lift on the fourth floor. His block at Jurong West is one of 150 blocks where LUP has…

Black-and-white houses exude character, but are not for faint-hearted

Distinctive homes in lush settings for the elite few, Singapore’s 500 black-and-white bungalows present a different facet of a city where everything works with clockwork efficiency and money can seemingly fix any inconvenience. But money does not always…

IRAS clears air on tax rebate; most landlords to pass on rebates

All types of shops, including those in mixed-use developments, will qualify for the property tax rebate for landlords, says IRAS. In its updated e-tax guidelines posted on Tues, the agency stated that commercial properties, including shops, restaurants and…

Dwindling retail property supply to be a boon for REITs

The supply of retail properties is projected to drastically drop to an average of 43,000 sqm per year from 2020 to 2023 from a peak of 250,000 sqm in 2019, according to DBS Group Research. But given the…

Mall carpark vacancies subside weeks after DORSCON row

This chart from DBS Group Research shows that car traffic has returned to various malls three weekends after vacancy rates spiked on the week 7 Feb 2020 when Singapore raised its DORSCON status to orange. Whilst visitorship had…

Unitholders greenlight FLT and FCOT merger

A majority (99.85%) of the shareholders of Frasers Logistics & Industrial Trust (FLT) and Frasers Commercial Trust (FCOT) gave a go-ahead to the proposed merger between the two trusts, an SGX filing revealed. Unitholders also approved the payment…

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