Daily Archives: April 24, 2020 (37 Articles Found)

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Covid-19: Only 25 out of 897 cases within community, 9 new clusters announced

MOH has reported 897 new coronavirus cases in Singapore today. Out of these, there are 25 cases in the community, 19 cases involving work permit holders residing outside dormitories, and 853 cases of work permit holders residing in…

Family of otters frolicking outside Mustafa Centre is looking for a permanent home

As the country enters the third week of its circuit breaker period and with most people cooped up at home, animal residents unbound by safe distancing rules are taking this opportunity to explore urban spaces now empty of…

Coronavirus: Social workers pound the streets to persuade seniors to go home and stay indoors

Social workers have been roped in to persuade seniors who are out and about to stay at home as the circuit breaker measures are tightened to further stem the spread of Covid-19. Since mid-Apr, HDB has been collaborating…

6 unique SG condos with gorgeously conserved buildings

1) Grand Duchess at St. Patrick’s – It features not just one, but two Victorian-style bungalows that were each constructed back in 1914 and 1925; 2) A Treasure Trove – Is built with the conserved Matilda House—the only…

Property in Singapore: What are Mixed-use Developments vs Integrated Developments

It used to be just location, location and location, when it came to property purchasing. Now, another mantra, convenience has to be uttered along with location. We have seen a recent push over the last couple of years…

Net absorption for office space in 1Q2020 falls for first time in 11 straight quarters

Net absorption for office space in 1Q2020 has contracted for the first time in 11 consecutive quarters, by 7,000 sqm, marking a drastic turn from 4Q2019 when 30,000 sqm of office space was taken up. Island-wide, the vacancy…

Retail vacancy up by 0.5% in 1Q2020

The retail sector is one of the hardest hit amid the ongoing Covid-19 outbreak. According to the latest URA figures, rents of retail space in the central region have declined by 2.3% q-o-q in 1Q2020, after two consecutive…

As REITs pare dividends to conserve cash, which ones should investors buy?

REITs in Singapore have been forced to factor in uncertainties as the Covid-19 outbreak lingers, resulting in a need to conserve cash through lowering dividend payouts. With weaker margins and revenue in the pipelines, CGS-CIMB analyst Eing Kar…

Suntec REIT kept at ‘buy’ as stable office portfolio buoys sluggish retail operations: CGS-CIMB

If 2019 had not been kind to Suntec REIT, the beginning of 2020 doesn’t seem to looking up for the REIT either. Despite the gloomy outlook, CGS-CIMB reiterates its “buy” call. “While we think Suntec REIT’s share price…

More than 400 people turned away on first day of enforced restricted entry at 4 wet markets: NEA

More than 400 people were turned away from the four wet markets in Singapore that have instituted restricted entry to curb the spread of COVID-19, NEA said on Fri. Fri was the first day the rule – which…

Time for Singapore to address some uncomfortable questions on its migrant workers

In the ongoing battle to combat the Covid-19 infections in the foreign workers’ dormitories, the focus and dominant narrative, unsurprisingly, have been on overcoming the clear and present public health issues there. The imperative is to safeguard the…

Set up in 24 days, gaming firm Razer’s S’pore plant is now ready to make up to 5 million face masks a month

Gaming firm Razer said on Fri that it has set up a fully automated manufacturing line in Singapore that can produce up to 5 million face masks a month, and has done so in just 24 days, beating…

MOM issues stern warning to Joylicious dorm operator for locking up workers, puts hiring freeze on employer

MOM has given a stern warning to dormitory operator Joylicious for locking 20 foreign workers in their room, after one of them tested positive for Covid-19. The ministry said on Fri that V Spec Engg & Supplies, the…

Cooling measures may have spared property market greater pain

We are living through the worst global economic recession since the Great Depression in 1929, with countries across the globe forced to shut down businesses and schools. No one can say if we are past the peak of…

Singapore new private home sales plunge 12% in the first quarter as prices dip

Sales of new private homes in Singapore plunged in the first quarter of the year along with a dip in prices, amid disruption from the COVID-19 pandemic, data showed on Fri. Expectations are that the private property market…

Is food delivery in Singapore too cheap?

For the past week, you’ve probably been reading about struggling F&B operators highlighting the “high” commission fees charged by food delivery app platforms like GrabFood, Foodpanda, and Deliveroo. In this pandemic, restaurants have become reliant on food deliveries…

Coronavirus: Slow business, supply issues hit small minimarts and provision shops, but mid-sized outlets see boom

In Mr Faisal Mohamathu’s minimart in Tanjong Pagar, tinned foods and instant noodles fill the shelves, while bags of rice and toilet paper are neatly stacked at the back. These are items that have been flying off the…

Sufficient safe shelter capacity for the homeless during circuit breaker: Desmond Lee

There is currently sufficient safe shelter capacity in Singapore, with 700 spaces available for the homeless, said MSF Minister Desmond Lee in a FB post on Fri. The minister said that only 250 of these places have been…

Coronavirus: Dorm operators working closely with Muis, Government to support Muslim foreign workers during Ramadan

Local dormitory operators under the Dormitory Association of Singapore will work closely with Muis and the Government to support the religious needs of Muslim migrant workers during the holy month of Ramadan, MOM said on Fri. New prayer…

Risk of coronavirus spread in ‘blind spots’ and potential clusters in Singapore

Some at-risk groups remain a potential source of Covid-19 infections and should be watched carefully, even while the focus is on containing others. The risk of virus spread is still present, but there are “blind spots” where it…

Industrial tenancies down 37.6% in Q1

This chart from Knight Frank shows that the tenancies of industrial properties dropped 37.6% QoQ to 1,223 transactions in Q1. It is said to be the highest QoQ decline since Q4 2002 when business sentiments dropped from oil…

Close to 7 in 10 expect business environment to deteriorate in H2

About 69% of Singapore’s occupier clients expect the business environment to deteriorate in H2 2020, according to CBRE. This comes on the back of the lingering economic impact from the COVID-19 pandemic. In addition, 76% surveyed expect revenue…

Energy giants Vitol, Sinopec eye Hin Leong’s oil storage terminal

As Singapore’s Hin Leong grapples with a debt fallout of nearly US$4 billion and a police probe into the company, its oil storage terminal on Jurong Island that is the size of 60 standard football fields is fast…

Fresh backing could decide if WeWork Singapore will be ‘WeLive’ or ‘WeDead’

WeWork Singapore, the most dominant co-working operator in the Republic, is now left with a rudderless parent company after SoftBank’s decision to abandon ship. With Covid-19 presenting an existential threat to co-working, WeWork Singapore may need strong shareholders…

COVID-19: Minimarts, provision shops see brisk business but need additional manpower

Business has been brisk for grocery chains, minimarts and provision shops during the COVID-19 outbreak as they mop up some of the demand from people wanting to shop close to home, but they also face the need for…

Covid-19: No more queues at popular wet markets as strict enforcement of staggered entry rules begin

For the first time in weeks, there was no queue to enter Geylang Serai Market on Fri morning, or the three other popular wet markets where authorities have implemented a new rule which staggers visitor entry into four…

COVID-19: Four more foreign worker dorms declared isolated areas; total at 25

Four more foreign worker dormitories – Tuas South Dormitory, Jurong Penjuru Dormitory 2, CDPL Tuas Dormitory and 21B Senoko Loop – have been declared as isolation areas starting from Fri, in a bid to stop the spread of…

CapitaLand vows to aid elderly Singaporeans through $1million worth of Covid-19 reliefs

CapitaLand vows to aid the vulnerable elderly affected by Covid-19 through $1 million worth of support, coursed through its philanthropic arm CapitaLand Hope Foundation (CHF). The donation is part of the group’s almost $6 million total pledge in…

Private home prices down 1% in Q1 2020

After rising for three consecutive quarters, prices of private residential properties in Singapore fell 1% in the first quarter of 2020, showed URA data on Fri. On a year-on-year comparison, prices have increased by 2.4%. “Singapore’s property market…

HDB resale volume down 7% amid Covid-19 outbreak

The resale volume for HDB flats declined 7% to 5,893 units in the first quarter of 2020 from 6,339 units in the fourth quarter of 2019, showed HDB data on Fri. On an annual basis, resale volume climbed…

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