Daily Archives: November 27, 2020 (38 Articles Found)

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Imagine a Singapore bustling with tourists pre-Covid-19

Confidence in overseas travel is growing among Singapore’s traditional top sources of visitors, with three in four leisure travellers and nine in 10 business travellers indicating they are likely to go abroad in the year ahead, a recent…

For the love of local: FairPrice opens new concept Food Folks @ Lau Pa Sat

FairPrice Group has opened a new neighbourhood concept store mixing popular F&B outlets with a curated grocery offer. Food Folks @ Lau Pa Sat, takes up a 7000 sqft space that houses 10 F&B brands and more than…

Can you afford a Sentosa property now that it’s “cheap”?

To be sure, Sentosa is still what you’d call a high-rent area; but following its lost decade, a lot of the lustre is, well, peeling off. The price psf for Sentosa condos is currently below the average for…

Black Friday sale on Orchard Rd: Shoppers better at grabbing deals than keeping safe distance

With online shopping having caught on since people are staying home more due to the Covid-19 pandemic, heading out to shop in person might seem rather quaint. Well, for those who prefer to get out of home to…

Role models: Family of 5 spotted cleaning Pasir Ris beach

When Jay, a photographer, saw a family of five at Pasir Ris Park in the early morning of Nov 16, he did not think much of it at first. The family only started to catch his attention when…

More SafeEntry codes at entrance, exit points at airport terminals

We thank Mr Victor Lye for his feedback (Large crowds and relaxed measures at T3, Nov 26). The safe entry arrangement at Changi Airport is similar to other transport nodes in Singapore, such as MRT stations and bus…

Hawker succession scheme will benefit only popular stalls

I read with interest about the new scheme that will allow retiring hawkers to hand over their stalls to non-relatives. It is naive to believe that retiring hawkers would be willing to teach their secret recipes and pass…

Less obvious costs hurt hawkers’ bottom line

While I am aware that there is a hawkers’ development programme that offers subsidised training fees, paid apprenticeship and allocation of subsidised stalls to aspiring hawkers, alongside the newly introduced hawker succession scheme, I still feel that support…

Sales bookings to start on Saturday at The Landmark; about 120 units for Phase 1 launch

Sales bookings will begin at The Landmark condominium along Chin Swee Road on Saturday, with the developer releasing an initial batch of about 120 units in the 396-unit project. The average price has yet to be finalised but…

Lee Foundation unit sells Haig Road property

Casuarina Properties, controlled by the Lee Foundation and members of the Lee family, has sold 11 landed homes on 25,054 sqft of freehold land at the Haig Road/Haig Lane corner for S$32.8 million. Located opposite Tanjong Katong Sec…

Lendlease to commit to net zero carbon emissions by 2025

Lendlease has announced its commitment to work towards two carbon targets: net zero carbon by 2025 and absolute zero carbon by 2040. Its goal is to become a 1.5°C-aligned company. The company will undertake five key steps towards…

Possible land supply crunch in 2021

The residential land sales market saw a stirring of interest in the past two months. Roxy-Pacific Holdings acquired 15 terraced houses in the Guillemard area for $93 million in Nov 2020. This makes it the largest collective sale…

Ten-bedroom bungalow at Lewis Road on sale for $16.8 mil

Twenty-five years ago, when the patriarch of a multi-generational family acquired a bungalow sitting on a 9,623 sqft plot of freehold elevated land on Lewis Road, he sought to redevelop it to accommodate him and his wife, as…

Three-bedroom unit at Reflections at Keppel Bay for sale at $2.45 mil

A three-bedroom unit measuring 1,550 sqft at Reflections at Keppel Bay will be put up for auction by Knight Frank on Nov 27 for $2.45 million ($1,581 psf). It is an owner’s sale. The 10th-floor unit has a…

Unit at The Sea View sold for $1.74 mil profit

The most profitable deal during the week of Nov 10 to 17 was the sale of a three-bedroom unit at The Sea View. The 1,410 sqft unit on the 19th floor was purchased for $1.1 million ($785 psf)…

Strong recovery expected for real estate: study

Singapore placed fifth in terms of geographical markets and is expected to attract the most real estate investments in 2021, according to Savills Investment Mgmt’s latest survey. The study has reiterated that Singapore stands out as one of…

Artisanal cookie bakery Guilt has opened their first store on Arab Street

You heard right! Local artisanal cookie baker Guilt is making your cookie dreams crumb true with their new store at 29 Arab St, and if the gorgeous decor doesn’t draw you in, the smell definitely will. For the…

Crowds flock to Orchard Road on Black Friday even as sales move online

Crowds turned up in Orchard Road on Black Fri to bag the best deals despite many competing offers from online retailers. Shoppers said the need to physically assess items was among their reasons for making the trip, as…

NKF opens new dialysis centre in Yishun Community Hospital, first built within hospital compound

NKF opened a new dialysis centre on Mon, the first to be built within a hospital compound so patients can access different medical treatments more easily. The dialysis centre is located within Yishun Community Hospital (YCH), which is…

Man jailed four weeks for taking bribes as Chevron’s health and safety specialist

A 49-year-old man was sentenced to four weeks’ jail on Fri for accepting $6,000 in bribes while he was working as the health, environment and safety specialist with Chevron Singapore at its lube oil blending plant. Cheow Hock…

Hong Kong, Singapore office REITs live on in post-virus world

The office may never reach its past heights in the post-pandemic world but the outlook for Singapore and Hong Kong offices is promising. Relatively small homes in those cities, short commutes to work and new tech firm tenants…

Engie kicks off new Singapore research project to make net zero carbon happen

On a small island south of Singapore, a green hydrogen-powered electric vehicle rolls past a solar farm leisurely soaking up the sun’s energy. Towering over the scene is Singapore’s tallest wind turbine, humming quietly as its blades rotate…

Planting the seeds for the future of farming

Nelson Lim, who co-founded an agritech startup in Singapore, likes to joke that his crops are incredibly pampered. “They have to have the right food and the right water, they ‘listen’ to music, and they even get ‘massaged’…

Clean energy pivot will yield green jobs, but time needed to fill them

Oil majors are cutting jobs in traditional business segments as they move to cleaner energy, and their downstream suppliers will follow suit. However, given the economic importance of O&G industry in Singapore, it will take time for the…

Sabana Reit sheds new light on ID’s dealings with ESR group

Sabana Reit offered new information last Sun about its independent director Ng Shin Ein’s dealings with ESR group in 2018 and 2019. These have been a sticking point for activist funds Quarz Capital and Black Crane, which are…

SPH Reit to focus on ‘providing sustainable rental income’

SPH Reit will now focus on providing “sustainable rental income” by minimising vacancies for FY2021, it said at an AGM on Thurs. The Reit manager is committed to supporting tenants through this challenging Covid-19 period, so as to…

SPH plans to increase recurring income from property segments

SPH is looking to increase recurring income from its property segments, which include the retail and PBSA businesses. This income will be complemented by growth in the aged care and digital media businesses, the group said in response…

MYP completes sale of ABI Plaza to CapitaLand fund entity

Real estate investment firm MYP has completed the sale of ABI Plaza in Tanjong Pagar on Thurs, it said in an exchange filing. MYP had announced plans in Sept to sell ABI Plaza for S$200 million to Artemis…

Three executives leave JLL’s Hotels & Hospitality Group to start family office

Three executives at JLL’s Hotels & Hospitality Group left this month to start a family office looking to invest in hotels and real estate, according to their LinkedIn profiles. The three are David Marriott, who was previously an…

The Pines owner had no intention of informing members of site’s sale: Plaintiffs

The lawyers for the plaintiffs in the suit by members of The Pines on Thurs tried to show that motoring tycoon Peter Kwee’s company Exklusiv Resorts had no intention to inform members of The Pines that property developer…

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