Daily Archives: March 15, 2021 (24 Articles Found)

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Potential cooling measures (and why they might not happen)

If you’ve been keeping up with the property news lately, there’s been a lot of talk about new cooling measures. Despite the pandemic, property prices have been on the rise for the past several months. More specifically, HDB…

Hotels say Covid-19 measures in place for larger crowds as staycation bookings spike for March school holidays

Before the pandemic, project manager Muhammad Atik, 34, and his family would travel abroad three times a year. While overseas vacations are now a pipe dream, Mr Atik and his family of four are determined to keep that…

New rule to get owners to take part in EGMs for sales en bloc timely, but could do more to rein in proxy abuse

A new regulation that aims to encourage owners to participate in general meetings for collective sales and minimise the risk of proxy abuse is seen as timely, now that activity is revving up, observers say. Amendments to the…

Dealers adding weight to diesel goods vehicles to bypass emissions ruling starting in April

While weight reduction – which enhances fuel-efficiency – is seen as a virtue in the automotive world, some dealers are bumping up the weight of their vehicles to bypass a new emission ruling that kicks in from next…

Huttons names new Legal Counsel, Head of Training and Special Projects

Huttons Group has appointed Yeo Chin Hao as its new Legal Counsel and Shaun Tan as Head of Training and Special Projects. Aside from leading Huttons in all legal aspects, Yeo will also provide consultation to improve the…

13 condos with the most unprofitable transactions (by region)

You’ve read dozens of stories about property tycoons and how housing is the best asset – but at the same time, you’ve heard whispered stories about properties sold at a loss. In Singapore, the former is louder than…

SLP Scotia wound up as part of restructuring and ‘evolving priorities’, says SLP International

The dissolution of real estate agency SLP Scotia Pte Ltd is expected to be completed by Mar 19. SLP Scotia Pte Ltd, a wholly-owned subsidiary of SLP intl Property Consultants Pte Ltd, had applied for voluntary liquidation, according…

Determine best class size for learning

Mrs Julia Sng-Thng missed the point about the merits of smaller class sizes raised by Ms Dadina Wong Mee Ching (Several factors more important than class size, Mar 9). It is true that the factors mentioned by Mrs…

Singapore’s new private home sales fall 60.5% in February amid fewer launches

Sales of new private homes fell by about 60.5 per cent in Feb following Jan’s strong numbers, as developers held back on launches over CNY period. Developers sold 645 units last month compared to 1,632 units in Jan,…

Singapore among 10 most desirable countries to work in, fewer Singaporeans want to work abroad due to Covid-19: Survey

Due to its mgmt of the Covid-19 situation, Singapore has leapt into a top 10 spot for the first time as a desirable place to work, a study showed. It also found that fewer Singaporeans want to work…

Town councils performed well overall, Tampines Town Council marked down on maintenance, governance: MND

All 16 town councils appraised for their estate mgmt before the GE last year performed well, although Tampines Town Council was flagged for shortcomings in two areas: Estate maintenance and corporate governance. Two other town councils were marked…

Singapore property dynasty’s China deal is a cautionary tale

When Singapore’s richest property family invested in a Chinese real estate group, the deal was touted as “game-changing” for its expansion in Asia’s largest economy. Almost a year later, it has instead become a cautionary tale for firms…

Caught on camera: Stallholder sprays insecticide on vegetables in Bukit Panjang

The appearance of cockroaches would send many people scrambling for a can of insecticide. But when a woman recently tried to kill pests at a fruit and vegetable stall in Bukit Panjang, her actions sparked food safety concerns…

Seletar owl rescued by Acres after flying the coop

Bird enthusiasts at Hempstead Wetlands Park on Sun witnessed the moment a fledgling owl left its nest and crashed to the ground, with Acres later called in to rescue the distressed animal. Bird enthusiast Alex Low was called…

35 years ago in Singapore: The Hotel New World collapse of 15 March, 1986

35 years ago today, the Lian Yak Building, better known as Hotel New World, collapsed at about 11.15am on 15 Mar, 1986. Standing at the junction of Owen Road and Serangoon Road, the six-storey building was occupied by…

Man trespassed into cinema to watch free movies, scratched staff

A 20-year-old man who trespassed into cinemas without paying for tickets would watch multiple movies in different cinema halls before leaving midway to avoid being caught by staff members. However, Joseph Wong Wei Jun’s trespassing ways eventually caught…

Sunseap, Amazon sign agreement for clean solar energy to be tapped from JTC’s solar farms

Amazon has signed an agreement with Sunseap Group, marking its first renewable energy project in the Republic. When completed in 2022, the project will be among the largest aggregated moveable solar energy systems designed and installed in Singapore,…

Industrial S-Reits well-positioned for growth; downside risks priced in, says DBS

DBS Group Research said it sees a good opportunity to buy industrial S-Reits as downside risks of US inflation have been priced in, following a recent correction. Given the sector’s pivot to “new economy” assets such as business…

Singapore’s data centre market among top 10 in the world: reports

Singapore is one of the top ideal markets for data centres across the globe, recent reports showed. The Arcadis Data Centre Location Index 2021 ranked Singapore the second most attractive city to build data centres, out of a…

Part of Cross Island MRT Line worksite to be moved into country club to protect endangered monkeys

A worksite on CRL will be downsized and partially shifted into SICC so that indigenous monkeys that roam the area will not be endangered. The A1W1 site will now be about 150m from a tree canopy link over…

Hard corals can thrive more on sloping seawalls than vertical ones: NUS Study

Seawalls are increasingly being used as a buffer to protect coastlines from the effects of time and tide, and new research has found that these structures may not be incompatible with life underwater. Sometimes, they can bloom with…

Kembangan condo in spat over bid to evict stray cats from basement carpark area

A condo resident aggrieved by stray cats that scratched her car in the basement carpark took her case to STB, which ordered the condo MCST to evict the tabbies. In the first reported case in which stray cats…

Four sites in Balestier, Toa Payoh, Bedok and Jurong East to be cleared for housing projects

Four sites in Balestier, Toa Payoh, Bedok and Jurong East will be cleared to make way for residential projects, according to tender documents put out by HDB. The sites – 51 Jalan Rajah, 1 Lorong 6 Toa Payoh,…

2021 has already seen the wettest and driest months in decades. Is Singapore prepared for more?

The rainfall over Singapore in Jan was exceptional due to strong northeast monsoons during the first 14 days of 2021. MSS report stated it was the wettest Jan in the last 40 years. The maximum positive rainfall anomaly…

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