Daily Archives: April 21, 2021 (41 Articles Found)

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Vicenta Lodge put up for en bloc sale with lowered reserve price

PropNex on Apr 21, announced that the freehold development Vicenta Lodge, at 16,18,20,22 Lorong Marzuki – about 400m away from Kembangan MRT station – will be put up for collective sale for $29 million via public tender on…

Singapore real estate performance investment expected to recover in coming quarters

Colliers Intl, on 15 Apr published its latest market research report that examines Singapore real estate performance investment in Q1 2021 and its prospects ahead. The report suggests improving investor sentiments and expects stronger sales in the coming…

Why are Singapore property prices returning to pre-covid-19 levels so fast?

1) The boost to commercial property may be related to ABSD costs – Commercial property incurs no ABSD; only the usual GST. As such, the commercial segment of Singapore’s private property market may appear more attractive to investors…

Now that interest rates are rising, how will it affect housing affordability?

Over the past several months, there’s been a growing concern about housing affordability. Despite the recession and pandemic, housing prices have been on the rise ever since the end of the circuit breaker. And now that interest rates…

Mapletree Logistics Trust posts 5.5% growth in 4Q20/21 DPU of 2.161 cents

The manager of Mapletree Logistics Trust (MLT) has announced DPU of 2.161 cents for the 4QFY2020/2021 ended Mar on an enlarged base, 5.5% higher than DPU of 2.048 cents in the corresponding period the year before. Distributable income…

Serangoon Road freehold conservation shophouse for sale at $4.5 mil

A freehold two-storey conservation shophouse at 616 Serangoon Road is up for sale at a guide price of $4.5 million, according to CBRE. The shophouse occupies a land of about 1,498 sqft, with a GFA of approximately 2,419…

Fatal accident sparks fresh calls to ban ferrying of construction workers on lorries, install seat belts

For construction worker Md Sharif Uddin, 42, his daily work commute in the back of a lorry is always a terrifying experience. “I am always emotionally uncomfortable (in the lorry). I am terrified. Because there have already been…

Seafood stall Kin Hoi suspended after 15 people developed gastroenteritis symptoms

The authorities have suspended a food stall at a coffee shop on Holland Close, after 15 people reported gastroenteritis symptoms from having consumed food prepared by the eatery. MOH and SFA said on Wed that they were investigating…

Engineer from Parkway Pantai healthcare group is sole Covid-19 community case, 14 other cases imported

Singapore reported 15 new cases of Covid-19 on Wed, one of whom works as a systems engineer at healthcare group Parkway Pantai. The engineer, a 39-year-old male Singapore PR, had been working from home and had not returned…

Woman admits harassing neighbour twice, including placing raw beef on doorstep

A 31-year-old woman pleaded guilty on Wed to harassing her neighbours on two occasions last year. Farhana Mohamed Suwati, a Singaporean, admitted to one charge each of mischief and using insulting behaviour that caused distress to her neighbour.…

President Halimah urges S’poreans not to let their guard down against Covid-19

The country must not let its guard down even though the Covid-19 situation here is being managed well as Singapore is still affected by what is happening elsewhere in the world, President Halimah Yacob said on Wed. She…

New SG Cares Volunteer Centre launches in Yishun

Retirement might mean a chance to take it easy for many people, but former IT executive Lilian Chua decided to step up a gear and help her community. Ms Chua retired after 37 years in the workforce last…

Heavy rain in Ulu Pandan on Saturday highest recorded for April since 1980: NEA

The downpour that drenched Ulu Pandan last Sat was the highest daily rainfall for Apr recorded islandwide since 1980, NEA noted on Wed. Rainfall of 170.6mm was recorded in a single day – around 110 per cent of…

Extra 6.8km of cycling paths to be built near Mayflower and Lentor MRT stations by 2026

An additional 6.8km of cycling paths in Ang Mo Kio that will help link residents to MRT stations will be built by 2026. LTA said in a FB post on Wed that the paths will be built near…

ST climate change webinar: Mangroves, seagrass habitats at risk from rising sea levels, land development

Rising sea levels do not just affect human settlements but also impact mangroves and seagrass habitats, which are at risk of being submerged. Should that happen, it could potentially affect the ability of these natural habitats to “mitigate…

ST climate change webinar: S’pore must prepare for rising waters due to heavy rain, climbing sea levels, say experts

Climate change is causing the waters in and around Singapore to rise, and the flash floods last Sat are but one symptom of this. Other than causing more frequent bouts of intense rainfall that could overwhelm drainage systems,…

Around 1 in 3 students collected TraceTogether tokens in school: MOE

About 130,000, or roughly one in three, students from pri and sec schools, JCs and Millennia Institute requested to collect their TraceTogether tokens in their schools. It was reported last month that students who still had no tokens…

Tackling sea-level rise: Public education, living sustainably key to cutting carbon emissions

Good public education is necessary to help individuals understand the root cause of rising sea levels so that they can do their part in cutting down greenhouse gas emissions. This means that people would have to change the…

Worker injured at Jurong Port while unloading hoisted materials

A 45-year-old man was injured on Mon when he was struck by hoisted materials being unloaded from a vessel at 37 Jurong Port Road. The Malaysian worker was later taken to NUH, MOM said on Wed. The ministry…

Singapore is Asia’s highest-ranking country on WEF’s energy transition list

WEF ranked Singapore ahead of all Asian countries in its Energy Transition Index (ETI) 2021 that reflects the progress towards a more inclusive, sustainable, affordable and secure energy system. The index that benchmarks 115 countries also assesses their…

Shell to trial first hydrogen fuel cells for ships in Singapore

Shell is working with several partners to trial the use of hydrogen fuel cells for ships in a first-of-its-kind study for the energy firm and in Singapore. The success of the trial will “help pave the way for…

Chip Eng Seng enters into JV with Inception Materials to augment its construction business segment

Chip Eng Seng Construction (CES Construction), the wholly-owned subsidiary of Chip Eng Seng Corporation, has entered into a JV with Inception Materials and Ye Chengzhong for the procurement of construction-related supplies and materials. Ye is the sole shareholder…

NUS team uses local waste clay to make more durable concrete that is up to 50% greener

Concrete – one of the most consumed materials in the world – can be made significantly more environmentally friendly and thrice as durable with the use of waste clay, as a team of engineers from NUS has found.…

Keppel REIT posts 22% higher distributable income of $51.6 mil for 1Q2021

The manager of Keppel REIT has posted distributable income for the 1QFY2021 ended Mar of $51.6 million, 22% higher than distributable income of $42.3 million in the corresponding quarter the year before. The higher distributable income was attributable…

As buffet lines resume, hotels ramp up manpower to meet COVID-19 guidelines

After the announcement that buffet lines may resume – with the food to be served by staff members – some hotels are looking to boost manpower to meet COVID-19 guidelines as well as an expected increase in bookings.…

Surviving recession: I lost my shop after 16 years. But my fashion business isn’t dead yet

“Unless you really need to, don’t start a fashion business. Do something else.” I once jokingly gave that piece of advice when someone asked me about the challenges of being a fashion entrepreneur during a pandemic. That was…

Abercrombie & Fitch to close Singapore flagship

American fashion label Abercrombie & Fitch is to close its only Singapore outlet at the Knightsbridge mall on Orchard Road, after trading for a decade. The brand announced on its IG account that it will shut the store…

Singapore to set up S$120m decarbonisation centre, with support from industry partners

MPA on Wed said it will establish a S$120 million fund for a maritime decarbonisation centre to be set up in Singapore, supported by funding from industry partners. MPA has signed a memorandum of cooperation with BW Group,…

Marche Movenpick to close Raffles City outlet

Marche Movenpick will be closing its Raffles City outlet at the end of this week, BT has learnt. The decision was made to close the outlet upon the expiry of its lease, and the restaurant’s last day of…

Find a stage name, sing for your supper – property agents get creative to close a sale

Be it in good or bad times, property agents know they are part of a competitive trade. And with more than 30,000 agents jostling for attention, some have gotten creative with their sales pitch. But for a start,…

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