Daily Archives: January 19, 2021 (35 Articles Found)

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Ministers’ statements on property market fuel fear of new cooling measures

The casual real estate observer must be left wondering about the government’s intentions when not one, but two, ministers sounded out warnings about the property market on 18 Jan 2020. The warning was directed to both developers and…

HDB Fresh Start housing scheme: Does it make financial sense for people staying in public rental flats to buy their own 2-room flat?

In this article, we examine one of HDB’s housing schemes, the Fresh Start Housing Scheme, which is meant to uplift second-timer households who are living in public rental flats and assist them to own their own homes. Recognising…

Tan Chuan-Jin cautions against complacency during Chinese New Year amid latest Covid-19 cluster

In the light of the latest Covid-19 cluster linked to a police para-veterinarian, Speaker of Parliament Tan Chuan-Jin has cautioned Singapore residents against complacency during the upcoming CNY celebrations. “In many Western countries, extensive celebrations, without paying attention…

Store in Marina Square mall, church in Marine Parade among places visited by Covid-19 cases while infectious

The Zara fashion store at Marina Square mall, as well as the Church of Singapore in Marine Parade, were added to a list of public places that had been visited by Covid-19 cases during their infectious period. On…

2020 Singapore’s eighth warmest year on record amid drier conditions: Met Service

The annual mean temperature in Singapore in 2020 was 28°C, which is 0.5°C above the long-term average, making it the eighth warmest year here on record, MSS said. On Tues detailing highlights of Singapore’s climate in 2020, the…

30 new COVID cases in S’pore; 4 in community including boy, 8, linked to police para-vet cluster

MOH confirmed 30 new COVID-19 cases in Singapore on Tues, taking the country’s total case count to 59,157. There are four cases in the community, while the remaining 26 are imported. Of the four new community cases, three…

Pilots for reopening of nightclubs, KTV outlets deferred amid more community cases

Pilots for the reopening of nightclubs and karaoke outlets planned for Jan have been deferred until further notice, MTI and MHA said on Tues. The ministries pointed the decision to the recent increase in the number of community…

Revamped gallery lets visitors explore Singapore’s early link to modern China

As early as 1912, in the wake of the 1911 revolution that overthrew the last imperial dynasty in China, the Singapore Chinese community was already importing items that commemorated the event. A tea set and bowl used by…

Online furniture shop BedandBasics is thriving amid Covid-19 pandemic

There was a time when customers needed to sit on a sofa and check how comfy it was before buying, but the pandemic has made people far more comfortable with shopping for furniture online. Entrepreneur Ryan Wong, 35,…

Covid-19 vaccination centre at Changi T4 can inoculate 4,000 a day

When RMG received the call to set up a vaccination centre at Changi Airport T4, it took just five days to get the whole operation up and running. Last week, more than 1,000 aviation workers were vaccinated there…

S’pore plans for more than 30 new Covid-19 jab centres as it ramps up vaccine drive

Singapore is preparing to take its vaccination programme into high gear as the coronavirus pandemic continues to rage around the world, with plans for new centres and roving teams that could potentially deliver more than 70,000 shots daily…

World Economic Forum meeting in S’pore in May: Health and safety of participants will be a top priority

The health and safety of participants will be at the forefront of the WEF meeting in Singapore in May, said WEF president Borge Brende on Mon, adding that Singapore is one of the governments that have handled the…

What you need to know about en-bloc sales in 2021

1) Limited supply of land in limited places – For 1H 2021, there are only three confirmed residential sites. So coupled with the healthy uptick in transaction volumes, we do expect more collective sale interest in the coming…

Suburban retail S-Reits have smoothest recovery path: Credit Suisse

Retail and hospitality S-Reits were the hardest hit by the Covid-19 pandemic and should continue their recovery in 2021, according to Credit Suisse. This comes amid a return to normality for domestic mobility, and a slow improvement for…

Property developers facing better year ahead in 2021

A feared slump in the private property market did not quite materialise in 2020; and with the ongoing momentum in the sales of private homes, things may have turned a corner for developers heading into 2021. Despite the…

Private home buyers undaunted by rise in unemployment rate last year

Higher unemployment is a symptom of Singapore’s worst recession since its independence – but all those dour numbers have not deterred home buyers here. Besides signalling the lure of cheap debt, the exuberance in the property market today…

Scion of Singapore’s richest family strives to salvage China deal

Pressure is mounting on an heir to Singapore’s biggest family fortune as he seeks to salvage the troubled property investment at the centre of an ambitious expansion into China. In the past month, Sherman Kwek, the 45-year-old CEO…

JPMorgan’s new Singapore home still trying to find tenants

Three years ago, it was touted as a development that would rejuvenate Singapore’s CBD. But an upcoming building in the city-state could have fallen victim to the pandemic, which has upended the office market as work from home…

Singapore may act to stall rising home prices, analysts say

Singapore may be considering another round of measures to cool residential prices, according to market analysts, who see recent ministerial remarks as a signal for the possible move. Comments made by the city-state’s DPM indicate the government is…

CapitaSpring tops out, ready for completion in 2H2021

Soaring 280m tall in the Raffles Place CBD, CapitaSpring has topped out, with about 75% of the overall construction completed, and is set to receive its TOP in 2H2021. To date, about 38% of CapitaSpring’s 647,000 sqft of…

Knight Frank hires new director for workplace and strategic consulting

Knight Frank APAC has hired Samarth Kasturia as its director and APAC lead for workplace & strategic consulting to its regional headquarters in Singapore. Kasturia is a trained architect with a Master’s Degree in Finance and Investment, specialising…

OrangeTee & Tie restructures and accelerates digital transformation

OrangeTee & Tie (OTT) has undergone a restructuring exercise to accelerate its digital transformation, strengthen its talent pool and improve its overall operational standards and efficiency, the firm said. Under the restructuring, the company’s agency and project divisions…

An increase in property price index between 5-8% could tip property market into ‘bubble territory’: DBS

As the Singapore property market maintains its upward trajectory in 4Q2020 despite the country entering the worst recession in 20 years, DBS Group Research analysts Derek Tan, Rachel Tan, Dale Lai and Geraldine Wong has identified four factors…

‘Stable’ home demand set to carry into 2021, support property sector: CGS-CIMB

Buoyed by strong demand for new homes, the property development and investment sector is set to carry “stable” volume demand into 2021 despite the pandemic, says CGS-CIMB Research analyst Lock Mun Yee. Lock is maintaining “overweight” on the…

OUE C-REIT to divest 50% interest in OUE Bayfront property for $1.27 bil

The trustee of OUE Commercial REIT (OUE C-REIT), DBS Trustee, has established a limited liability partnership with BPH Propco LLP and ACRE Angsana, a SPV managed by Allianz Real Estate Asia Pacific on behalf of National Pension Service…

Ikea opens stand-alone planning studio in Singapore

Ikea Singapore has launched a stand-alone specialist showroom in partnership with Livspace at Jurong Point. Spanning 65 sqm, the studio was modelled after a three-room HDB flat that has been designed for small-scale living space. It houses space-saving…

Hong Kong’s Green Common expands into Singapore

OmniFoods creator, Green Monday Group, has launched SEA’s first Green Common outlet at VivoCity. Spanning 3,000 sqft, the Green Common Singapore venue houses a dedicated area for retail and a wider cafe area with indoor capacity of 112…

81-year-old man to be charged for operating unlicensed massage establishments

An 81-year-old man will be charged on suspicion of running two unlicensed massage establishments in Hougang and Aljunied, SPF said on Tues. The police were alerted to the case at a HDB block along Hougang St 21 on…

Condominium neighbours in court over woman’s alleged splashing of water, bouncing of basketball

A woman went on trial on Tues for allegedly abusive behaviour, such as repeatedly splashing water down into her first-floor neighbour’s condominium unit and deliberately bouncing a ball and causing “unreasonable noise”. Madam Helen Lim Hai Loon is…

NUS creates aerogel that converts air into drinking water

NUS announced that it has created a type of aerogel, which can extract drinking water from air without any external power source. The NUS researchers published their creation in the Science Advances journal in Oct last year and…

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