Daily Archives: April 6, 2021 (26 Articles Found)

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Note found in a condo lift complains about noise, but what if it’s not from the neighbour upstairs?

The sad thing about living in a flat or condo is that sometimes we have to deal with a lot of noise coming from our neighbours. And it can get very irritating, especially when the noise is heard…

Lazada pop-up store at Raffles City takes over space formerly occupied by Robinsons

The space formerly occupied by Robinsons on the third level of Raffles City Shopping Centre has now been taken over by online retailer Lazada. Over the next two weeks, Lazada will be showcasing home furnishings and smart home…

Large amount of waste generated during stay-home notice at hotel

I have just returned from India. I am currently housed in a hotel for the 14-day stay-home notice period, and am shocked at the colossal amount of waste being generated every day. The three daily meals are served…

Pandemic leads to surge in real-time payment transactions in 2020

Real-time payments saw a surge in the Lion City, as the pandemic swept the globe in 2020. According to the latest global report from ACI Worldwide, real-time payments in Singapore rose by 48% in 2020, at a total…

Sunseap signs multi-year solar energy agreement with Facebook

Sunseap Group has signed a multi-year VPPA with FBfor solar energy from Singapore’s largest offshore floating solar farm. The energy from the five MWp offshore floating PV system located in the Straits of Johor will be exported to…

Real estate investment deals in Singapore amount to $3.8 bil in 1Q2021: Knight Frank

Real estate investment sales in Singapore amounted to some $3.8 billion in 1Q2021, representing an uptick of 26.7% y-o-y from $3.0 billion in 1Q2020, according to Knight Frank research. The residential sector retained momentum, raking in some $1.7…

PropNex acquires PropTech platform Ovvy

PropNex has acquired a 70% stake in Ovvy, a tech platform that will allow its agents to provide value-added services to its clients. PropNex salespersons will be able to provide further services via Ovvy’s hundreds of merchants that…

Grade A offices may lead recovery in Singapore’s office market

With the government’s announcement that work-from-home will no longer be the default arrangement in Singapore, CBRE expects Grade A offices to lead the recovery of the Singapore office market this year. “There is optimism surrounding the mid-term outlook,…

About 85% of BTO projects delayed by six to nine months

About 85% of the ongoing BTO projects have been delayed by around six to nine months beyond the ECDs originally indicated to buyers during project launches, revealed MND in Parliament on Mon. It was responding to MP Yeo…

All flat buyers considered to have taken HDB housing loan once loan is disbursed

All HDB flat buyers are deemed to have taken the HDB housing loan once it is disbursed, regardless of whether they subsequently profit from the ownership of the flat, said MND in Parliament on Mon. It made the…

Property agents must give clients accurate, unbiased advice

When advising clients on property purchases, real estate salespersons – also known as property agents – must give accurate and unbiased advice taking into account the interests of their clients, including relevant factors such as affordability, said MND…

No award of tender for Plot 7 Jalan Papan industrial site: JTC

JTC announced on Tues that the tender for an industrial site at Jalan Papan, Plot 7, will not be awarded because the highest bid was below the reserve price. The tender for the site was launched on Dec…

URA extends Jalan Anak Bukit site’s tender deadline to June 29

The tender for the commercial and residential site along Jalan Anak Bukit, near Beauty World MRT station, will now close on June 29, 2021. This is due to a new requirement for a centralised cooling system to serve…

Singa preserves principle of chronological fairness

In some other countries, the idea of borrowing to fund public expenditure might not raise many eyebrows. In ever-cautious Singapore, however, the government is taking pains to stress the prudence and long-term logic of its decision to issue…

Singa infrastructure bonds seen soon, with strict safeguards

An important step has been taken to allow the Singapore government to issue new infrastructure bonds to fund major public projects, subject to a strict framework. To ensure that proceeds are used responsibly and sustainably, the Significant Infrastructure…

Efforts taken to ramp up manpower supply for construction sector

There have been about 1,100 notifications for relief for construction and supply contracts as of Mar 19 of which about 180, or about 10 per cent, eventually applied for assessor’s determination. Speaking in Parliament on Mon, Minister of…

Singapore minister warns home buyers about rising rates

Singapore’s government is warning home buyers to think carefully about purchasing properties as interest rates increase in tandem with those in US, potentially boosting debt servicing costs. “The risk of rising interest rates is a reminder that everyone…

Hay Dairies turns down land awarded for new goat farm, cites Covid-19 related higher building costs

Goat farm Hay Dairies has turned down a plot in Lim Chu Kang just weeks after winning a tender for the land, citing construction costs driven up by the Covid-19 pandemic and a lease insufficient to cover the…

Roofing contractor jailed 7 weeks for forging URA approval over renovation works

After completing renovation works to the balcony of a freehold landed property in the Seletar area, Lee Xiu Qi learned that its mgmt did not approve of the structure. Lee, the director of Ah Qi Trading and Construction,…

2 former NParks directors charged with taking bribes in form of hotel stay, transport services

Two former directors from NParks were hauled to court on Tuess and charged with accepting bribes in the form of hotel stays and transport services. Teva Raj Palaniasamy, 69, was a senior director of the stats board’s municipal…

Can Singapore’s office rents outprice Hong Kong as Alibaba, ByteDance, Tencent set up shop in rival financial hub?

Singapore’s office rents have a long way to go before matching Hong Kong’s, even after half a dozen of mainland China’s largest technology behemoths piled into the city state in recent months to set up their regional hubs,…

Otters seen eating fish at condominium along Alexandra Canal, upsetting residents

A dozen otters entered The Crest condominium near Alexandra Road on Tues afternoon, upsetting residents as they ate almost all the fish kept in the estate. The condominium is located next to Alexandra Canal. Resident Veron Tan told…

Construction on 4 Jurong Region Line stations to start in Q2

Construction works on four MRT stations on the JRL will start in the second quarter of this year, said LTA on Tues. Two of the stations, tentatively named Jurong Hill and Jurong Pier, are in JTC industrial area.…

SP Group building Southeast Asia’s first large-scale underground substation

SP Group is building SEA’s first large-scale underground substation in Labrador, in a move to optimise space for urban development in land-scarce Singapore, it said on Tues. Scheduled for completion in 2024, the substation will serve the electricity…

Singapore must ensure digital infrastructure is environmentally sustainable, says Desmond Lee

As the digital economy continues to grow, it is important for Singapore to ensure that its digital infrastructure is “as environmentally sustainable as possible”, said MND Minister Desmond Lee on Tues. He was speaking for the opening of…

Employees should not oppose return to office

The announcement that more workers would be allowed back in offices from yesterday may have brought relief to some employers, but has been received with great reluctance by some employees. Working from home was a temporary measure to…

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