Daily Archives: October 26, 2020 (26 Articles Found)

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How Covid-19 may have ended up a boon to resale flats

1) Increased risk of delays in BTO construction – In July, we were informed that BTO flats might be delayed by up to nine months, due to Covid-19. This could have a deterrent effect on some buyers, pushing…

How you can use Married Child Priority Scheme (MCPS) and Multi-Generation Priority Scheme (MGPS) to increase your BTO ballot chances

The Married Child Priority Scheme (MCPS) and Multi-Generation Priority Scheme (MGPS) are both intended to encourage families to live near each other and support each other communally. These two schemes, unlike most HDB schemes, are also available to…

Keppel to explore use of LNG, hydrogen to power floating data-centre park

Keppel DC, City Gas and City-OG Gas Energy Services will jointly explore using LNG and hydrogen to power Keppel DC’s floating data-centre park in Singapore. The park is in its exploration phase, the three parties said on Mon,…

‘Well-diversified’ portfolio, tenant base will help mitigate challenges: Ascendas Reit

Ascendas Reit’s manager announced in a business update that although a challenging economic outlook could affect its future performance, its well-diversified portfolio and tenant base should help mitigate potential problems. For its third quarter ended Sept 30, 2020,…

Several malls on Orchard Road and in the heartlands among 14 new places visited by Covid-19 cases while infectious

On Mon, MOH said that the infectious persons had visited Tampines Mall on Oct 12 between 3pm and 3.40pm, McDonald’s outlet at Tampines Interchange on Oct 13 between 12.05pm and 1.35pm, Fu Lu Shou Complex at 149 Rochor…

Improve reusable container initiative by food delivery firms to boost take-up rate

The increase in the prevalence of food delivery companies offering the option to use reusable food containers is a reassuring move. This signifies growing awareness on how the penchant for convenience, manifested in the form of food delivery,…

TraceTogether token collection at community centres restricted to constituency residents

Residents will now be allowed to collect their TraceTogether tokens only from their own constituency CCs, said SNDGO on Mon. Residents had been, up till Mon, able to collect their tokens at CCs outside their own constituencies. From…

Manufacturers tap automation to ease manpower crunch, shorten production processes

Short of skilled workers, Globaltronic Precision turned to automation and has invested about $2.5 million since 2017. The move has also enabled the local precision engg firm to run its production lines round the clock. But like many…

Smooth start to Singapore’s first pre-event Covid-19 screening

The opening of SIEW 2020 on Mon saw the first ever pre-event Covid-19 swabbing taking place. A pilot run of pre-event testing using Antigen Rapid Tests (ART) was earlier announced on Oct 20. Health Minister Gan Kim Yong…

Masks, mats and more

Up to thousands of volunteers joined ground-up initiatives in Apr to help when dormitories went into lockdown, providing workers with everything from masks to prayer mats. But many groups are unsure if they can keep up their efforts,…

Change or go bust: amid restrictions, businesses that cater to migrant workers must adapt

Behind shelves of hardware equipment and construction tools hide posters that contain pictures of the Statue of Liberty, the Sydney Opera House and the Singapore Zoo. In May, Mr Mohammed Shahadat Hossain, 48, turned his former travel agency…

He keeps estate clean, through Singapore’s circuit breaker

Apr 26 was to be a day of rest. An initiative by PHC, it was to be CleanSG day, when Singapore would go without cleaners nationwide to raise awareness of littering in estates. But residents were mandated to…

Netting goes up along Jurassic trail after woman hit by stray golf ball

Protective netting has gone up along a dinosaur-themed track after a hard-hitting incident involving a golf ball happened on Thurs, just two weeks after it opened to the public. Some netting has already been installed along the 3.5…

Knight Frank sells property at 22% above opening price in first property auction since circuit breaker

Knight Frank Singapore has sold a property at 14 Lorong Kismis for $1.32 million, or 22% above its opening price of $1.1 million at its first property auction since the circuit breaker. At a land area of approximately…

CapitaLand and Shopee to boost retail digitalization strategies

Mall operator CapitaLand and ecommerce platform Shopee are joining hands to help accelerate the digitalization of Singapore retailers, and thereby emerge stronger from the Covid-19 crisis. Under the Alliance on Facilitating Smart Commerce in Singapore, the two entities…

Lower-income hit hardest by Covid-19, as better off still buying stocks, homes, cars

Covid-19 has handed Singapore its deepest recession since the country’s independence, but the pain inflicted by the pandemic has been unevenly spread. Economists have dubbed the crisis as one primed for a “K-shaped” recovery, one where different parts…

Decline in retail rents accelerates in Q3

As economic headwinds prevail, rentals of retail space in Singapore’s central region fell 4.5 per cent q-o-q to a new low in Q3, taking the decline to 10 per cent for the first nine months of the year.…

Katrina Group to trim fat in F&B arm

Katrina Group, owner of the So Pho, Streats and Bali Thai restaurant chains, has seen a strong recovery since the end of the circuit breaker. But the bite from the coronavirus fallout has cemented its resolve to streamline…

SoRealProp seeking up to S$5m to fund growth

Digital platform SoRealProp – which is backed by top real estate brokers ERA, Huttons and PropNex – is looking to raise up to S$5 million for its next stage of growth to expand to the consumer market and…

What does Kwek Leng Peck’s resignation mean for CDL’s share price?

City Developments (CDL) has lost about 8 per cent of its market value since revealing last week that there were bitter divisions within its board in relation to its investment in Chinese’s Sincere Property Group (SPG) and its…

Siglap Shopping Centre collective sale to carry S$120m reserve price

Siglap Shopping Centre, a freehold, mixed-use site, will be put up for collective sale via public tender on Tues with a reserve price of S$120 million, OrangeTee Advisory said on Mon. Located at 883 – 903A East Coast…

Row of five freehold shophouses in Joo Chiat up for sale with S$21m asking price

A block of conservation shophouses in Joo Chiat has been put on the market for S$21 million via private treaty, Isabel Redrup Agency told BT. The freehold residential site, at 33, 35, 37, 39 and 41 Tembeling Road,…

Singapore Government sets aside S$49 million for low-carbon energy research

The Singapore Government has set aside S$49 million to fund low-carbon energy research and test-bedding efforts in hydrogen and carbon capture utilisation and storage. Making his opening remarks at SIEW 2020 on Mon, MTI Minister Chan Chun Sing…

Singapore to import 100 megawatts of electricity from Malaysia in two-year trial

Singapore is set to import electricity from Malaysia as early as next year in a trial to diversify the country’s energy supply. Making the announcement on Mon, MTI Minister Chan Chun Sing said: “We will kick this off…

170,000 trees to be planted to ‘green’ industrial estates by 2030: Desmond Lee

As part of efforts to create more green spaces in industrial estates, the Government has set a new goal to plant 170,000 trees in such estates by 2030. This adds 70,000 trees to the 100,000 target announced earlier…

Lego opens a new certified store at Tampines Mall

A new Lego Certified Store (LCS) has opened its doors at Tampines Mall last Fri, a nearer location for the Easties in Singapore. New features include Singapore’s first-ever Lego Art Wall, a Star Wars-themed mosaic display, built by…

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