Daily Archives: April 23, 2021 (44 Articles Found)

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Do home prices truly decrease as they move away from the city centre? A look at the price psf along MRT lines

It’s understood that centrally-located properties, especially those in CCR, are the most expensive in Singapore. A general rule-of-thumb for residential property purchase is that the closer a property is to the city centre, the higher the value it…

McDonald’s outlet in Ridout Tea Garden to shut in December after 32 years in operation

A 32-year-old McDonald’s outlet in Ridout Tea Garden will be closing its doors in Dec. A spokesman for the American fast food chain told ST on Fri that the outlet will cease operations upon the expiry of its…

More active mobility corridors, possible repurposing of Robinson Road among plans showcased in LTA exhibition

From Tuas to Neo Tiew Road, to the future Greater Southern Waterfront, infrastructure dedicated to walking and cycling built over the next decade could allow people to travel across the island without the need to use any roads.…

Bangladeshi worker dies after part of excavator fell on him at Ubi worksite

A 37-year-old Bangladeshi foreign worker died on Thurs after part of an excavator fell on him at a worksite in Ubi. In response to TODAY’s queries, MOM said on Fri that the man had been assisting his co-worker…

Covid-19: Foreign worker at SCM Tuas Lodge dorm among 3 locally transmitted cases

A foreign worker staying at the SCM Tuas Lodge dormitory is one of three locally transmitted cases of Covid-19 reported by MOH on Fri. The remaining 36 are imported cases. The worker, a 21-year-old Indian national, had completed…

New border limits for India: Singapore construction firms with heavy reliance on foreign manpower dealt another blow

After 40 per cent of his skilled workers left Singapore to return to their home countries during the Covid-19 pandemic, Mr Yee Sern Wei had to deal with the rising labour and material cost as well as delays…

Explore the past, present and future of Singapore’s land transport system at new exhibition

Remember having to queue to buy a licence to drive into the CBD during peak periods, before there were ERP gantries? Or having to insert your farecard into a machine and pressing a button to select how much…

Authorities investigate food poisoning case involving 151 people at International French School

A total of 151 students and staff members at the Intl French School have fallen ill with food poisoning. MOH and SFA said they are investigating the incident after 151 people reported symptoms of gastroenteritis as of noon…

Singapore’s climate strategy goes beyond emission caps, carbon tax: PM Lee at Biden’s summit

Singapore is committed to tackling climate change and has adopted a strategy that goes beyond meeting emission caps or implementing a carbon tax, said PM Lee on Fri. “Although Singapore is a small island state, we will contribute…

Selarang Park Complex taps tech to manage inmates

Unlike what is standard procedure for those imprisoned elsewhere in Singapore, inmates at the Selarang Park Complex need not be escorted by prison officers to access several areas in it. They only have to scan their wrist tags…

LHN Group sets Green Mark target and $1 mil investment for EV charging stations

LHN Group has unveiled several sustainability commitments that will be gradually rolled out across its local industrial and commercial properties over the next three years. Kelvin Lim, executive chairman and group managing director of LHN, shares that the…

KH Tan’s eureka moment

Since the start of 2012, KH Tan has dedicated more than half his time to philanthropic work. These days, he spends only about 20% of his time on marketing luxury bungalows or Good Class Bungalows (GCBs). The twin…

JustCo goes asset-light to support hybrid working

After a decade of being in the co-working industry, Kong Wan Sing, CEO and founder of local company JustCo, senses that there is little convincing left to do. “In the past, businesses worried about not having frontage or…

‘Copper House’ flipped for $43.67 mil after two years

The trophy house at Sentosa Cove which earned the moniker of “Copper House” has changed hands for $43,666,000, according to a caveat lodged with URA Realis dated Feb 6. The price works out to $2,419 psf. This latest…

Three-bedder at Skysuites @ Anson on the market for $2.42 mil

A 1,012 sqft, three-bedroom unit at the luxury Skysuites @ Anson in District 2 will be offered for sale via auction by Edmund Tie on Apr 28. A bank sale, the unit has a guide price of $2.42…

Five-bedroom unit at The Sea View reaps $2.48 mil profit

The most profitable deal of the week between Apr 6 and 13 was the sale of a five-bedroom apartment at The Sea View in District 15. The seller bought the 2,809 sqft unit on the 22nd floor for…

Industrial property prices, rents up in Q1 2021

Singapore saw industrial property prices and rents increase 0.9% and 0.6%, respectively, in the first quarter of 2021 from the previous quarter, marking two consecutive quarters of positive growth according to JTC. On an annual basis, prices and…

HDB resale prices up 3% in Q1

Resale prices of HDB flats increased 3% q-o-q in the first quarter of 2021, marking its fourth consecutive quarterly hike, showed HDB data on Fri. On an annual basis, HDB resale prices rose 8.1%. Christine Sun, Senior VP…

Private home prices up 3.3% in Q1, its steepest increase since Q2 2018

Singapore’s property market continued to be bullish in the first quarter of 2021, with private residential property prices increasing 3.3% q-o-q, showed URA data on Fri. The hike marks the fourth quarterly increase and is the steepest growth…

Provence Residence to open for e-applications this Saturday

Provence Residence, MCC Group’s 413-unit EC at Canberra Crescent, is set to open for e-applications this Sat. The second EC to be launched this year and the first within the Canberra estate over the past 12 months, Provence…

Suntec REIT reports 16.2% y-o-y growth in DPU to 2.045 cents for 1QFY21

Suntec REIT’s DPU for the 1QFY2021 ended Mar grew 16.2% y-o-y to 2.045 from 1.76 cents previously, on the back of higher distributable income which grew 5.4% y-o-y to $58.1 million. NPI for the 1QFY2021 came in at…

Sabana REIT posts portfolio occupancy of 79.0%, 96.7% occupancy for NTP+ in 1Q update

The manager of Sabana Shari’ah Compliant Industrial REIT (Sabana REIT) has posted that it has received its TOP for NTP+, which is slated to open in 2Q2021. Rental contributions are also expected to start at the same time,…

Frasers Centrepoint Trust reports 28.4% higher 1H21 DPU of 5.996 cents, boosted by enlarged retail portfolio

The manager of Frasers Centrepoint Trust (FCT) has reported DPU of 5.996 cents for the 1HFY2021, 28.4% higher than DPU of 4.670 cents in the 1HFY2020. Distributable income for the 1HFY2021 increased 42.3% y-o-y to $101.1 million. “This…

Ascendas REIT reports dip in portfolio occupancy to 90.6% in 1Q21 business update

Ascendas REIT (A-REIT) reported a dip in portfolio occupancy for the 1QFY2021 ended Mar to 90.6% from 91.7% as of the 4QFY2020. Rental reversion remained positive and was slightly higher at 3% for the 1FY2021, compared to 2.5%…

Rents of Singapore office space rise in Q1, vacancy rate ticks upwards: URA

Rentals of office space in Singapore’s central region turned a corner in Q1 2021 as rents rose 3.3 per cent q-o-q, versus a 3.5 per cent contraction in the fourth quarter of last year. As vaccination efforts progress…

Singapore retail rents decline in Q1, vacancy eases to 8.5%: URA

Rentals of retail space in Singapore’s central region slid by 4.4 per cent q-o-q in the first quarter of this year, albeit moderating from the decline of 5.2 per cent in the prior quarter. Analysts expect the decline…

Singapore’s contractors association sourcing workers from countries other than India

Following the immediate restriction of entry for non-Singaporean residents from India, SCAL said that it is working progressively to source for manpower from countries other than India. On Fri, SCAL said that the tightening of the measures will…

Toilet by day, brothel by night? Cleaners allege prostitutes operating in Chinatown’s handicapped toilets

The handicapped toilet on the third level of People Park’s Centre would normally be out-of-bounds after 6pm, hence a cleaner’s surprise when she discovered inside a pair engaged in sexual intercourse after hours. “When the door opened, there…

Singapore’s recycling rate falls to 10-year low

Singapore’s recycling rate has fallen to a 10-year low, with the country’s environment agency blaming the Covid-19 pandemic for low waste collection, processing and recycling. The city-state’s overall recycling rate in 2020 was 52 per cent, down from…

Unsafe mode of transportation for migrant workers has continued for years

In 2010, TWC2 issued a plea for workers to be transported in minivans or buses with proper seating and safety belts rather than in the back of lorries. More than a decade has passed, yet this unsafe transportation…

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