Daily Archives: April 1, 2021 (36 Articles Found)

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Hmlet lays off about 20% more staff amid financial woes

Co-living startup Hmlet on Thurs laid off more than 20 employees in middle- and upper-mgmt roles to cut costs amid financial woes, BT has learnt. This represents about 20 per cent of its headcount. Staff across most departments…

CDL can take flight again after shaking off albatross

Nineteenth-century German philosopher Friedrich Nietzsche once wrote an aphorism which went, “what doesn’t kill you makes you stronger”. The phrase may be particularly appropriate for listed property group City Developments (CDL), which has gone through its own annus…

Pure Fitness gym at Ngee Ann City visited 10 times in 2 weeks by Covid-19 cases while infectious

On Thurs, MOH said that the infectious persons had visited Pure Fitness gym at Ngee Ann City mall at the following times: Mar 18 between 1.30pm and 2.45pm, Mar 19 between 9pm and 10.15pm, Mar 20 between 4.30pm…

PR charged with making false declaration in SHN application, exposing others to risk of Covid-19 infection

A Singapore PR was charged on Thurs with making a false declaration in his application to opt out of serving his stay-home notice (SHN) at a dedicated facility, and exposing others to the potential risk of Covid-19 infection…

Mercedes crashes through carpark lift at Buona Vista, overturns and traps driver inside

Like a turtle flipped on its side, a black Mercedes overturned after it crashed through a lift entrance, trapping its driver in their seat. The accident occurred on Fri noon at Viva Vista Shopping Mall, along 3 South…

Researcher of giant clams is first from S’pore to receive prestigious fellowship in marine conservation

A local scientist is the first from Singapore to receive a prestigious fellowship in marine conservation under the global research organisation Pew. Dr Neo Mei Lin, 34, a NUS researcher who specialises in giant clams, was on Wed…

Public electric vehicle charging point tender draws 19 bids; 600 points to be up as early as end-August

A public tender for the installation of EV charging points at some 200 public carparks across Singapore has drawn 19 bidders, reflecting a growing interest among businesses to cash in on the government’s EV push. Among those which…

SBS Transit gets estimated $30m rail reliability incentive

Transport operator SBST has been awarded an estimated $30 million for rail reliability last year – the first award of its kind. In its latest annual report, the ComfortDelGro subsidiary mentioned that it had received a “rail reliability…

Police, churches beef up security for Easter; worshippers asked to be ‘alert but not alarmed’

SPF and some churches in Singapore have bolstered security measures for the Easter weekend, in the light of a suicide attack on an Indonesian church on Sun as well as two foiled terror plots in the Republic in…

Zoning restrictions relaxed for performing arts venues from April 24

NAC has announced that zoning restrictions will be eased for performing venues from Apr 24, as Singapore relaxes its safe mgmt measures. This follows an earlier announcement that up to 250 people will be allowed for live performances…

Troubled SuperPark Singapore to reopen at Suntec under new management

Superpark Singapore, an indoor playground at Suntec City that closed last year amid financial troubles, will reopen on Apr 9 under a new operator. The new operator of the 40,000-sqft space is DreamUs, which was established in 2014…

Analysts flag higher odds of cooling measures as Singapore private home prices rise for fourth straight quarter

The odds of a fresh round of cooling measures have been dialled up a notch, with private home prices in Singapore in Q1 rising for a fourth straight quarter. Singapore private home prices rose 2.9 per cent in…

Green buildings facing frothy valuations in ESG push: SMU-Mapletree panel

Valuations of green assets could get frothier in the short run, said panellists at Mapletree Investments’ annual lecture at SMU. Investment flows are chasing ESG assets, and pushing valuations up, said Stijn Van Nieuwerburgh, professor of real estate…

Jurong Innovation District to bring jobs and innovation: Tan See Leng

Over the next 18 months, JID is expected to account for 4,500 jobs, with 1,200 being new and 3,300 being existing workers relocating into the area, said Second Minister for MTI Tan See Leng during his visit to…

An appetite for luxury

Desirable condominiums capture not only the amenities and features a buyer wants in the home, but also the atmosphere and personality the buyer wants in an ideal lifestyle. This is especially true for luxury apartments. In recent years,…

Allure of condo living stimulates demand for mass market homes

By and large, Singaporeans’ dream of owning and living in a private residential property remains very much intact despite the pandemic and economic downturn – as reflected by the healthy private new home sales in 2020. Developers sold…

Good Class Bungalows – tracking the wealth of a nation

Daily conversations about property prices have often concentrated on the non-landed segment of the market with occasional talk about landed properties – and even then, it usually centres on terraces. Very seldom does one hear of GCBs being…

Rekindling of residential en bloc sales in 2021?

The last residential en bloc sales boom from 2017 to mid-2018 remains fresh in our minds, so it may be a surprise to many to hear of a possible revival in this market after only a few short…

Pandemic-fuelled demand drives EC prices to record high

Real estate markets have been booming globally amid the macroeconomic headwinds and market uncertainties. As a prominent property hotspot, Singapore has similarly seen a sales rebound for both the private and public housing sectors.The strong buying momentum, coupled…

Residential hotspots: Districts shaping up to be interesting investment bets

Notwithstanding the cloud of uncertainty induced by the Covid-19 pandemic, the primary residential market has seen strong interest from homebuyers and investors, buoyed by positive sentiment, abundant liquidity, and low interest rates. A prudent investment strategy should encompass…

The future for offices in Singapore

At the onset of the Covid-19 outbreak, safe distancing and circuit breaker measures necessitated the implementation of flexible working arrangements. Even when Singapore transitioned to phase three of reopening, most firms have been adopting a hybrid approach that…

Singapore industrial market: A pandemic winner

The US is launching a US$1.9 trillion stimulus package that could catalyse global economic recovery and global trade volumes. This large economic rescue package will be a booster to Singapore, given her open economy and high dependence on…

The retail scene in post-pandemic Singapore

The retail sector is dynamic, constantly responding to varying needs and ever-evolving consumer behaviour. Transformed by the Internet, today’s retail landscape is a different creature from what it was more than a decade ago, with the pace of…

Singapore private home prices up 2.9% in Q1 2021

Private home prices in Singapore have continued to move on an upward trend, rising 2.9% in Q1 2021, showed flash estimates from URA on Thurs. URA revealed that landed property prices increased 5.6% in Q1 2021, reversing the…

HDB resale prices up 2.8% in Q1

Resale prices of HDB flats rose 2.8% in the first quarter of 2021 – or its fourth consecutive quarterly increase, showed the Q1 2021 HDB flash estimates on Thurs. HDB resale prices increased 3.1% in Q4 2020, 1.5%…

Freehold semi-detached house at Lilac Road on the block for $3.98 mil

The owner of a freehold semi-detached house at Lilac Road, off Nim Road in District 28, is selling the property for $3.98 million. It will be offered at Edmund Tie’s upcoming auction on Apr 28 and it will…

Resale at Ardmore Park yields $4.7 mil profit

The sale of a four-bedroom unit at Ardmore Park was the most profitable transaction during the week of Mar 16 to 23. The 2,885 sqft unit on the sixth floor was sold for $9.5 million ($3,293 psf) on…

Richard Goh transforms Ardmore Three unit and launches it for sale at $6.68 mil

Singaporean Richard Goh spent 28 years managing a property development, construction and interior design business. An avid property investor, he invests mainly in apartments with a view to renting them out. Of late, he is of the belief…

Ho Bee launches 16 remaining units at Turquoise at prices from $1,290 psf

Ho Bee Land, has released its 16 remaining units for sale at the six-storey, high-end condo, Turquoise in Sentosa Cove. After a promotional discount ranging from $500,000 to $750,000 per unit, prices are said to be in the…

Foreign buyers purchase the most homes in Districts 5 and 19 from Jan 2020 to date

Even though border restrictions have been in place since Apr last year — save for green lane arrangements for business travel — foreigners are still buying homes in Singapore. Recent data suggests that there could be an increase…

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