Daily Archives: February 26, 2021 (34 Articles Found)

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Shoebox versus Resale Flat: Which is a better first home?

So you’re a “sandwiched Singaporean”, and earn enough to buy a small private home or a resale flat; but not a BTO. It’s a common conundrum for those who earn just above the income ceiling for new flats.…

Growing the green plan

There’s much to like in the inter-ministerial Green Plan unveiled earlier this month. The Singapore Green Plan 2030 is to be praised for what it sets out to do, despite the pressures on the Budget to contain, manage…

Management Fund vs Sinking Fund: A guide for strata property owners

Owning property in Singapore is more than servicing your property loan and paying your property tax. There are institutionalised monthly fees to be paid for maintenance and up-keep of estates and communal spaces for strata property owners. These…

Make clearing one’s own table a way of life

PHC fully supports the Clean Tables Campaign launched by NEA on Feb 6. A national campaign is timely. It will reinforce the work that PHC has been doing all these years, with institutions and business operators across the…

Wild boar appears to be conditioned by feeder, Acres on viral video of man lulling animal to sleep

Considering the recent string of wild boar attacks in Singapore that left several people injured and traumatised, netizens were floored when a man seemed to charm the animal with a couple of words. In a video shared on…

New bonds can also fund human capital investments: Jamus Lim

Money raised from the issuance of new government bonds should not be used only to fund long-term infrastructure projects, but also be put towards R&D, reducing class sizes in schools and to implement unemployment insurance, Associate Professor Jamus…

CDL records $1.78 bil impairment on Sincere Property Group; declares $1.92 bil loss for FY20

City Developments Limited (CDL) has recorded a loss of $1.917 billion for the FY2020 ended Dec from earnings of $564.6 million a year ago. The significant loss was due to the group’s decision to write down 93% of…

Property segment boosts Tuan Sing to 55% increase in FY20 earnings of $52.4 mil

For the FY2020 ended Dec, Tuan Sing saw earnings of $52.4 million, 55% higher than earnings of $33.7 million the year before. FY2020 net profit was up by 78% y-o-y to $59 million, with its property segment resilient…

Ho Bee Land reports 2HFY2020 earnings of $46.5 mil, books fair value loss of $32.8 mil

Ho Bee Land has reported earnings of $46.5 million for the 2HFY2020, down 84% y-o-y, as it booked fair value losses of $32.8 million on investment properties for the six months ended Dec 2020. In contrast, it booked…

UOL posts 97% plunge in FY20 earnings to $13.1 mil on fair value losses on investment properties and other losses

UOL Group has reported a 97% plunge in FY2020 earnings of $13.1 million compared to earnings of $478.8 million in the FY2019. For the period ended Dec, the lower earnings were due mainly to fair value losses on…

Centurion’s controlling shareholder David Loh assumes executive role

Centurion Corp has re-designated one of its controlling shareholders, David Loh Kim Kang to be the executive director of the group, from non-executive director previously. As at Feb 26, Loh has entered into a three-year service contract with…

Retail and industrial property market expected to recover in 2021

The retail property market is expected to stabilise and gradually recover in 2021 whilst the industrial property market is likewise set to recover due to high demand in logistics warehouses and hi-specs space, reports Colliers Intl. According to…

Far East Orchard profit crashes by 94% in 2020

Far East Orchard, the hospitality arm of property developer Far East Organization, recorded a loss of $8.9 m for the full year of 2020. This is 94% lower than the $25.8m profit recorded 2019. Singapore closed its borders…

A slice of Paradise on Sentosa Cove

Interior designer Hege Torgersen reckons that she and her family were among the earliest residents at Sentosa Cove back in 2007. Home then was a corner terraced house at Ocean 8, a row of eight terraced houses along…

Buying in Sentosa Cove — at a discount to luxury homes on the mainland

Buying activity in Sentosa Cove has certainly picked up — especially in the second half of last year, post-”circuit breaker”, says Steve Tay, senior associate VP of List SIR. “I see more local Singaporeans viewing properties for investment…

Fixer-upper opportunity at Lakeshore View for $12.8 mil

Michael Wan, senior associate director of Savills Residential, has been managing a bungalow on Lakeshore View in Sentosa Cove on behalf of its absentee owners who are based overseas. They purchased the bungalow plot from SDC in 2005…

Executor sale of detached house at Kovan Close for $5.5 mil

A two-storey detached house at Kovan Close, consisting of four bedrooms and a helper’s room, will be put up for auction at a guide price of $5.5 million on Mar 24 by Edmund Tie. It is an executor…

Seller of Grange Residences unit reaps $3.9 mil profit

The seller of a unit at Grange Residences, along Grange Road, made the top gain of $3.9 million during the week of Feb 9 to 16. The 2,852 sqft unit on the eighth floor was bought for $3.48…

Cove Grove bungalow tests the market at $4,111 psf

Bungalow transactions in Sentosa Cove have picked up markedly since late last year. This year, two properties have been sold, according to caveats lodged in Feb: One on Paradise Island for $12.7 million ($1,296 psf) and another on…

Increased interest in electric vehicles suggests tipping point in Singapore

The marked increase in interest in EVs in the past fortnight suggests that Singapore is moving toward a real tipping point moment which augers well for the Republic’s ambition to be a hub for innovation and EV manufacturing.…

Feeding wildlife a major reason for spike in wild animal numbers: NParks

Feeding is a major reason for a spike in wild animal numbers, NParks noted, and preventing their feeding by people is one of its key animal mgmt strategies. With more development projects in the works, animals are coming…

Support battered construction sector by providing more subsidies, urges MP

More help is needed for the construction sector, which was greatly affected by the pandemic last year, said MP Yip Hon Weng. He said that while JSS has been extended for hard-hit industries – including the built environment…

Budget debate: Contact tracing process shortened with almost 90% of S’pore residents using TraceTogether

Close to nine in 10 eligible residents here have joined the Government’s digital contact tracing programme, despite a recent public backlash over privacy and trust issues. About 4.7 million residents have the TraceTogether app or have collected the…

Budget debate: E-payments on the rise but Singapore does not aim to be a cashless society, says Ong Ye Kung

The Covid-19 pandemic has accelerated the adoption of e-payments but Singapore does not aim to be a cashless society, said MAS board member Ong Ye Kung. “We are promoting e-payments because it is efficient, convenient and green. But…

Budget debate: Petrol duty hike not meant to get drivers to switch to EVs immediately

The recent petrol duty hike is meant to set price signals and change behaviour, rather than to get drivers to switch to EVs immediately, said DPM Heng on Fri. Responding to MPs like Dr Lim Wee Kiak (Sembawang…

Government adopts consultative, calibrated approach in balancing heritage preservation with development needs

MND reveals that URA closely works with NHB as well as expert panels and key stakeholders to integrate heritage considerations upstream in its land use planning process. With built heritage strengthening Singaporeans’ sense of identity and history, the…

Wild boar caught after attacking Punggol resident, NParks officer

A wild boar that has been spotted roaming around the Punggol area has been caught, but not before injuring a resident and a NParks officer who was trying to help her. Both of them have since been taken…

More supervision not always the best solution, says Chan Chun Sing on Kranji land clearance error

In the wake of the erroneous clearing of a large patch of Kranji woodland, Mr Chan Chun Sing on Fri cautioned against tacking on more layers of supervision in public service when processes should be streamlined instead. The…

SMRT working closely with police in train track death investigations: Ong Ye Kung

SMRT is working closely with the police in investigations into the death of a man who was run over by a train near Kallang MRT station on Thurs night, said Transport Minister Ong Ye Kung on Fri. “I…

Nature advocates will be invited to take part in work studying ecological connectivity: Desmond Lee

Members of the nature community will be invited to take part in work to build a more comprehensive picture of Singapore’s islandwide ecosystem and connectivity, said MND Minister Desmond Lee on Fri. This would contribute to efforts to…

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