Daily Archives: April 15, 2020 (26 Articles Found)

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Will rent go down in a recession?

1) The luxury segment could bear the initial brunt – Luxury or prime region condos are almost exclusively rented out to affluent expatriates. Also, these tenants may downgrade with smaller housing packages; 2) Those who buy in a…

Covid-19: Highest daily tally of 447 new cases in Singapore, including 404 infections in foreign worker dorms

MOH on Wed announced 447 more cases of Covid-19 in the country, bringing the total number of infections here to 3,699. It is the highest single-day jump in infections here. MOH said that it had also identified four…

Covid-19: Some pawnshops resume business during circuit breaker period after government exemption

Some pawnshops in Singapore received permission from the authorities to resume business last Sat, after customers raised concerns that their closure would remove an avenue for urgent access to cash during the Covid-19 pandemic. Speaking to TODAY on…

StarHub internet users working, studying from home tell of frustration at extended outage

Some disgruntled StarHub users missed work deadlines, while others could not join colleagues for video conferences owing to a major internet outage on Wed that lasted up to nine hours. At 9pm on Wed, Mr Chong Siew Loong,…

CapitaLand lets food delivery riders eat at designated areas in its 18 malls

Food delivery riders can now eat in certain shopping malls instead of having to find makeshift spots like stairwells to comply with the ban on dining in imposed on Apr 7. CapitaLand, the largest operator here with 18…

Bright Vision Hospital transfers all patients to make room for stable Covid-19 cases

Bright Vision Hospital (BVH) in Yio Chu Kang Road has transferred about 110 of its patients to neighbouring community hospitals so that it can exclusively receive Covid-19 patients who are clinically stable but still require medical care. Responding…

450 recovering patients housed at Singapore Expo

About 450 patients recovering from Covid-19 are being housed in two halls of the Singapore Expo, taking up almost half of their current capacity. Four other halls at the building will open progressively. Associate Professor Kenneth Mak, director…

March sees jump in demand for rental apartments and HDB flats, likely due to Covid-19

The quiet rental market for private condominiums/apartments and HDB flats saw a sudden surge in demand last month, with market observers saying measures taken in response to the coronavirus pandemic were the likely cause. According to flash data…

CapitaLand Mall Trust outshines peers with strong balance sheet, minimal forex exposure: CGS-CIMB

Although retail REITs have not been immune to the global market sell-off, experts believe that near-term disruptions from the Covid-19 outbreak have already been priced in. In particular, CGS-CIMB Research believes that CapitaLand Mall Trust’s (CMT) valuations have…

S&P downgrades FCT’s ratings on cash flow impact from Covid-19

S&P Global Ratings has lowered Frasers Centrepoint Trust’s (FCT) long-term issuer credit rating to BBB from BBB+ as it believes FCT’s cash flow will be hit hard by the coronavirus pandemic, it said on Mon. In addition, it…

Fitch cuts CDL H-Reit outlook; sees Ascott Reit as less vulnerable

Fitch Ratings has lowered its outlook on CDL Hospitality REIT (CDL H-Reit) to negative from stable. It said the S-Reit has a weaker business profile than other Singapore Reits, in particular hospitality peer Ascott Reit, which Fitch described…

Matchmaking food outlets with hungry customers

F&B companies have been hard hit by Covid-19, and online F&B directory Manyplaces.sg was created in the hope of mitigating the impact. Launched on Apr 13 by Novitee and Yellow Pages Singapore, the directory consolidates local F&B businesses…

Unsold condos and ABSD: Time for review?

Faced with the double whammy of a weakening economy and the ongoing circuit breaker, developers are expected to see slower sales in the near term, with some making the case for an extension to the ABSD deadline. Data…

Covid-19 will shake up dorm market for workers: Analysts

The for-profit workers’ housing industry is due for a shake-up, as the spread of the deadly new coronavirus could prompt the authorities to tighten standards, watchers believe. With the virus tearing through workers’ quarters, eight dormitories had been…

Close parks and nature reserves

I thank the healthcare workers working tirelessly on the front lines to fight Covid-19, as well as the government workers trying to contain the pandemic. But there are groups of people who, especially during the weekends, are congregating…

Police investigating elderly man tearing plastic covering off seats at Chinatown

First, he was tearing plastic sheets off cordoned-off tables. Then he hit a cleaning supervisor’s arm for calling the cops on him. An elderly man was filmed on Apr 13 tampering with the seat covers at Chinatown Complex…

KFC Singapore launches contactless takeaway service

KFC Singapore has launched a contactless takeaway service, allowing customers to purchase safely during the circuit breaker period in the city. According to KFC, it is the first fast-food restaurant brand in Singapore to launch such a service.…

March private home sales plunge 32% amid COVID-19 situation

Sales of new private homes fell in Mar due to disruption from the COVID-19 pandemic, as developers refrained from launching new projects and potential foreign buyers were not able to visit Singapore to view the properties. Developers sold…

COVID-19: My First Skool branch at Compassvale Crescent closed after staff tests positive

The My First Skool pre-school centre at 295A Compassvale Crescent will be closed from Wed to next Tues (15 to 21 Apr), after one of its teaching staff tested positive for COVID-19. The staff member was last in…

Property deals slowed down in Q1

Residential, retail, and office properties were negatively impacted in Q1 as the pandemic drags Singapore’s economy further, according to a JLL report. Prime home sales volume dropped significantly and no collective sales deals were concluded, as developers focussed…

Singaporeans generated less waste in 2019, but also recycled less: NEA

Singaporeans generated less waste in 2019, its third yearly reduction in waste since 2017. However, they also recycled less last year. According to the latest statistics from NEA, the amount of solid waste generated in Singapore was 7.23…

Covid-19 should make Singapore look at globalisation and food security differently

The Covid-19 pandemic has forced governments, businesses and communities to rethink their boundaries. National and state borders have been reinstituted, and cross-border movement of people, goods and services has been curtailed. The severe disruption to global supply chains…

StarHub customers hit by major fibre service disruption

StarHub customers were affected by a major internet service outage on Wed, with users in multiple locations across the island complaining of disruptions since the morning. On its FB page at about 12.50pm, StarHub said that fibre services…

Public transport use in Singapore has fallen by 86% since the start of the year, Apple data shows

The source for this article is no longer available

It seems Singapore’s commuters have been travelling a lot less within the island since reports of the coronavirus outbreak first came out earlier this year. According to data published by Apple, anonymised data from Apple Maps users in…

CapitaLand clinches $400mil in green loans

CapitaLand has secured two green loans totalling $400 million to catalyse greening of the group’s global portfolio by 2030. DBS provided the property giant a $150 million four-year green loan, while HSBC provided a $250 million three-year multi-currency…

Man dies after falling near tank at water reclamation plant

A man died after falling near a tank at the Changi Water Reclamation Plant earlier this month. It is believed the 62-year-old Singaporean was cleaning the wet floor near the tank on Apr 1 when he slipped on…

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