Daily Archives: March 12, 2021 (27 Articles Found)

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Why ABSD for developers needs to be tweaked and how it affects you as a home buyer

Most home buyers are familiar with the concept of ABSD as it applies to them. What’s less commonly known is that property developers also have to pay ABSD, and this added tax shapes multiple decisions. From the way…

When a fling becomes a thing

Are you tempted to chase after surging prices of hot stocks to make some easy money? Do you often jump on the bandwagon of hot investments for fear of missing out any profit? A fling is an affair…

Complete cost guide to renting an HDB flat in Singapore

According to PG’s Consumer Sentiment Study H1 2021, 72% of Millennials are thinking of moving out by the next year. However, purchasing a property in Singapore is expensive and the only other way to have a place to…

Sengkang Community Club, Komala Vilas in Serangoon among places visited by Covid-19 cases while infectious

MOH on Fri added seven more locations to a list of public places visited by Covid-19 cases during their infectious period. It said that the infectious persons had visited Sankranti Restaurant at 79 Syed Alwi Road in Little…

IT engineer at Deutsche Bank sole COVID community case; 9 imported

MOH confirmed 10 new COVID-19 cases in Singapore on Fri, taking the country’s total case count to 60,080. There is one new case of locally-transmitted infection in the community, while the remaining nine are imported. The sole community…

Sembcorp awarded 60 MWp solar project by HDB and EDB

Sembcorp has been awarded a 60 MWp solar project by HDB and EDB, through its wholly-owned subsidiary, Sembcorp Solar Singapore. Grid-tied rooftop solar systems with a total capacity of 60 MWp will be built across 1,154 HDB blocks…

Select Group to invest S$10m to open 20 cloud kitchens in Singapore

Select Group, which operates various food and catering concepts, on Fri announced plans to invest S$10 million to open 20 cloud kitchens here over the next five years, as it expects demand for food delivery to remain even…

MOE’s possible P1 intake increase under Phase 2C gets mixed reactions from parents

Increasing the intake for Phase 2C of the yearly Pri 1 registration exercise would be a double-edged sword, said parents, depending on which stage they are hoping to apply at. Madam Sia Yiting, 35, a mother of two,…

NParks investigating unauthorised clearance of small plot of land at a park in Sembawang

NParks is investigating the unauthorised clearance of a small plot of land at a park in Sembawang. The area is next to a construction site for a new condominium development. NParks group director of parks Chuah Hock Seong…

Electric vehicles less pollutive, but not the most sustainable mode of transport: Ong Ye Kung

In promoting wider adoption of EVs here, Singapore must be careful not to go overboard, Transport Minister Ong Ye Kung said on Fri. Public transport is still the most sustainable way to get around the island, he added,…

HDB calls for sixth tender to install solar panels on 1,198 HDB blocks, 57 government sites

In its latest push to generate more clean energy in Singapore, HDB has called for its sixth tender to install solar panels across 1,198 HDB blocks and 57 government sites on Fri. This is to meet demand for…

Hospital plants 50 trees in support of NParks’ 1 million tree goal

Farrer Park Hospital became the first hospital here to support the national Plant-A-Tree programme on Fri. A total of 50 trees were planted at Sungei Serangoon Park Connector by 25 volunteers, who included pioneer staff of Farrer Park…

How a successful software trial puts Singapore one step closer to drone deliveries, even flying cars

Singapore may still be years away from drone deliveries and flying taxis. However, the successful conclusion this week of a two-year trial for a traffic mgmt system that is able to plan and track hundreds of drone flights…

3 taken to hospital after van reverses into crowded Tuas eatery

Three people were taken to hospital after a van reversed into a crowded coffee shop in Tuas at lunchtime on Fri, hitting several tables and a stall. The incident at Canteen Chuang Hock on Gul St 3 occurred…

Chinatown Point shoppers, workers evacuated after fire breaks out at luxury bag store

Shoppers and store employees at Chinatown Point were evacuated from the mall on Fri morning after a fire broke out at a luxury bag store. A property operations staff member at the mall was taken to SGH for…

MCC Land to take up 30% stake in The Place Holding’s redevelopment of Realty Centre

The Place Holdings announced that it has entered into a shareholders’ agreement with MCC Land to jointly develop a new freehold mixed development project at 15 Enggor St, where Realty Centre currently stands. The Place Holdings bought the…

Where have all the land buyers gone?

While the entire country went into recession in 2020, the private residential market in Singapore continued chugging right along, seemingly immune to the economic fallout of the Covid-19 pandemic. In 2020, transaction volumes in both the pri and…

Corner terraced factory unit in Kaki Bukit on the market for $3 mil

A 4½-storey corner terraced factory unit at Shun Li Industrial Park, located at 81 Kaki Bukit Ave 1, will be put up for auction at $3 million ($338 psf) on Mar 24 by Edmund Tie. Spanning a built-up…

House for childcare centre use in Serangoon on the market for $14.5 mil

A freehold detached house that has obtained rare approval to operate as a childcare centre is on the market for $14.5 million. The two-storey house on Sommerville Walk sits on a 12,066 sqft plot, and the guide price…

Singapore testing on-demand courier delivery by autonomous robots

Singapore is testing the use of autonomous robots in providing on-demand courier deliveries. The one-year trial, which is expected to pave the way for wider use of autonomous robot couriers, is led by IMDA, in partnership with HDB,…

Sale of three-bedder at The Lumos results in $1.86 mil loss

The sale of a 1,755 sqft unit at The Lumos, off Grange Road in prime District 9, was the most unprofitable resale transaction for the week of Feb 23 to Mar 2. The three-bedroom unit, which is on…

Singapore aiming to cement business hub status

Singapore has never restricted exports of products from mask manufacturer 3M – not even during the worst of the Covid-19 pandemic last year. Rejecting export controls is one way the Republic builds a reputation as a partner for…

Feb new home sales plunge 60% on lack of new launches

New homes sales by developers plunged 60 per cent to 639 units in Feb from 1,609 in Jan in the absence of new project launches and CY holidays. This contrasted sharply in Jan, where just one new project,…

Buyers, property agents charged with evading higher stamp duty by backdating option to purchase

In the first prosecution of its kind, four people were charged on Fri with executing a backdated OTP in order to avoid paying higher ABSD. Those hauled to court were buyers Daniel Halim and Lee Liu Ying, both…

First water, now energy as Singapore’s key challenge for the next 50 years: Chan Chun Sing

After addressing the issue of meeting Singapore’s water needs for the past 50 years, meeting the country’s energy needs sustainably will be the country’s primary challenge for the next five decades, said MTI Minister Chan Chun Sing. “When…

What is the logic of AirAsia entering Singapore’s food delivery market?

The delivery business in food-loving Singapore is a highly competitive market dominated by the likes of GrabFood, Foodpanda and Deliveroo. Considering the presence of these popular and established players in the market, it was a surprise to hear…

Early adoption of electric vehicles key to spurring investment in charging network

We thank Mr Ee Teck Siew and Mr Matthew Tay for their feedback. We have been investing heavily in public transport, which remains the most sustainable way to move. We will be spending some $60 billion to expand…

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