Daily Archives: February 18, 2021 (29 Articles Found)

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Singapore’s push for green infrastructure bonds will spur private sector into action, say experts

Singapore’s plan to fund infrastructure projects with green bonds is set to “spur” the private sector into action, paving the way for a steady supply and demand for green financing, industry experts told CNA. A green bond is…

AirAsia’s food delivery service to debut in S’pore in March promising lower commissions levied on F&B firms

Close to a year after owners of struggling F&B outlets here campaigned to pay lower commissions to food delivery platforms such as GrabFood, a new player is breaking into the market, promising far lower commissions. On Thurs, Malaysian…

Singapore records 11 new Covid-19 cases, all imported

Singapore on Thurs reported 11 new imported cases of Covid-19, five of whom are foreign domestic helpers. There are no cases in the wider community. In its update on the coronavirus situation here, MOH said that all of…

Buying 4 reasons why resale condos may be more popular in 2021

2020 was dominated by a slew of new condo launches. If you were listening to the radio or browsing property portals, there wouldn’t be a single day where you wouldn’t come across two or three ads – minimum…

Solutions to speeding problem should not adversely affect all drivers

TP will be exploring enforcement operations and road-calming measures, such as road humps and speed regulating strips, in Tanjong Pagar following the recent car crash there. Fortunately, Tanjong Pagar GRC MP Indranee Rajah recognises that such measures will…

Room for improvement in digitalisation drive on public transport

Singapore is internationally recognised as having one of the best public transport systems in the world. Nonetheless, there is always room for improvement and optimisation. One area that can be improved is the number of digital displays at…

Time for stricter controls on vehicle noise levels

While TP look into road-calming measures in Tanjong Pagar following the recent accident there, NEA should concurrently look into stricter vehicular noise controls, not just for speeding vehicles but also the starting-up and revving of car engines. I…

Don’t sacrifice trees for space

I refer to Mr Vengadesh Krishna Kumar’s letter (Dover Forest is not just another little patch of woodland, Feb 5). Ms Inger Andersen, executive director of the UN Environment Programme, said that “one of the best technologies for…

Aiming for a greener transport footprint

National budgets must not only address issues of the present, but also prepare a nation for the future. Arguably, one of the biggest nods to the future that came out of Budget 2021 on Tues was the slew…

LREIT appoints Lendlease Singapore as project manager for Grange Road car park redevelopment

The manager of Lendlease Global Commercial REIT (LREIT) has appointed Lendlease Singapore as the project manager for the redevelopment of the Grange Road car park site to provide project and construction mgmt services. The appointment was made through…

Macly, Roxy-Pacific and LWH to buy Institution Hill sites for $33.6 mil

Macly Group and Roxy-Pacific Holdings have formed a consortium with local construction firm LWH Holdings to acquire two residential plots at 10A and 10B Institution Hill, for $33.6 million. Macly will hold 48% stake in the JV company,…

999-year leasehold residential site in Kovan going for $18 mil

A 999-year leasehold residential plot in Kovan is on the market for $18 million. The regular land plot has a site area of 21,046 sqft, and the guide price translates to about $855 psf on the land area.…

Lavender Street shophouses on the market for $60 mil

Seven freehold shophouses in Bendemeer have been put up for sale for $60 million in an EOI exercise conducted by Edmund Tie. The adjoining properties are located at 296/298/300/302/304/306/308 Lavender St and occupy a site area of 13,107…

Agri-food sector wants support for training and new technologies

Some farmers are hoping for more support for training and co-creation of agricultural technologies in the upcoming S$60 million Agri-Food Cluster Transformation Fund. But beyond ad hoc financial support, steps must also be taken to engineer an environment…

Good Class Bungalows still seen as a sure bet by the ultra-rich. Are there risks ahead?

In spite of the economic damage wrought by Covid-19, Singapore’s Good Class Bungalow (GCB) market had a stellar 2020 with transaction value up 35 per cent from a year ago to S$1.05 billion. Market watchers expect positive momentum…

Satellite images show clearing of Kranji woodland was in progress in March 2020

Satellite images of Kranji woodland show over 8ha of forested land being cleared since last Mar. This is almost half of the site slated for the Agri-Food Innovation Park, which is equivalent to 33 football fields, and over…

Online sales in S’pore set to grow despite planned GST on low-value goods

The rapid growth in online sales presents a major challenge to governments and tax authorities worldwide. They are struggling to ensure that their tax regimes remain relevant to their purpose of taxing consumption of goods and services within…

Man given probation for trespassing into NUS dorm, taking women’s undergarments

A man was given 21 months’ probation on Thurs for trespassing into a dormitory at NUS and taking items such as women’s undergarments. Goh An Soon, 20, has to attend offence-specific treatment programmes and perform 60 hours of…

New GST rule for imported goods not enough to divert demand to S’pore shops, say firms

Goods bought online might be slightly pricier in the future in the wake of Tues’s Budget but this alone will not be enough to divert demand towards local shops. Home-grown retailers they they must continue to differentiate their…

Unlikely friendship between visually handicapped and Caldecott MRT station worksite workers

When Mr Edwin Khoo exits the fare gate at Caldecott MRT station every workday morning, he is glad to hear the familiar sound of safety boots knocking on the ground as a sighted guide approaches him. Mr Khoo,…

‘Monstrous’ fish at MacRitchie Reservoir identified as non-native alligator gar

The carcass of a “monstrous” fish spotted at MacRitchie Reservoir on Sun is the latest sighting of an alien species here. It was identified as an alligator gar. The fish, native to North America, can grow to a…

Quarantine-free ‘bubble’ facility for business travellers opens at Singapore Expo, with first guests expected in March

A facility that will house business travellers arriving in Singapore on a quarantine-free bubble plan was launched on Thurs and its first guests are expected to arrive next month. The Connect@Changi facility at the Singapore Expo Convention &…

38-year-old woman dies after being trapped under fallen tree at Marsiling Park

A 38-year-old woman died on Thurs morning after she was pinned under a fallen tree at Marsiling Park in Woodlands. SPF said that they were alerted at 8.15am to an incident involving a woman who was trapped under…

Heartland shops welcome CDC vouchers, but experts say long-term solutions needed to revitalise business

Neighbourhood merchants are expecting better business after it was announced on Tues that all Singaporean households will receive CDC vouchers for use at participating heartland shops and hawker centres. Several participating heartland shops told CNA that they welcomed…

Nature advocates call for mitigation measures after error in clearing parts of Kranji woodland area

The error in clearing parts of the Kranji woodland area could undermine recent efforts by Singapore authorities to better engage nature groups, said conservation advocates who expressed shock and disappointment at the mistake. The 70ha Kranji woodland area,…

Impact of petrol duty hike goes beyond immediate effect on cost of living

One of the most talked about announcements from Budget 2021 delivered by DPM Heng on Tues was the hike in petrol duties. Most drivers are concerned with how much this could push up costs of driving. True, drivers…

Singapore office rental slips by 9.5% in 2020

Singapore office rental is down by 9.5% YoY in Q4 2020 in Knight Frank Research’s APAC Prime Office Rents index. The future remains bleak as the property research firm predicts office rent to still be down in the…

Lendlease Global Commercial REIT remains DBS’s top pick among REITs in Orchard Road

Lendlease Global Commercial REIT (LREIT) remains the top pick of DBS Group Research analysts Geraldine Wong and Derek Tan, as they mull the future of domestic consumer trends and how they’ll affect the malls along the Orchard Road…

Starhill Global REIT a laggard play, but still a ‘buy’: RHB

RHB Group Research is keeping its “buy” recommendation on Starhill Global REIT (SGREIT) as the stock is the cheapest retail/office S-REIT. Analyst Vijay Natarajan believes that despite a challenging retail sector outlook weighing down, its portfolio negatives are…

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