Daily Archives: April 30, 2021 (44 Articles Found)

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HDB May 2021 BTO in-depth review: Geylang

3,870 units will be launched in HDB’s May 2021 BTO exercise. Besides Bukit Merah, HDB will launch a project in the mature estate of Geylang with 1,380 units of 2-room Flexi, 3-room and 4-room flats. In the meantime,…

SORA-based interest rates stability attracts 60% of property loan customers

Consumers and corporates in Singapore like the stability of SORA-based interest rates, with more than six in 10 respondents to a recent UOB survey saying they are open to choosing SORA-pegged products. UOB conducted an online survey in…

Covid-19: Entry to malls, stores and attractions to be tightened for up to 2 weeks in May

In light of a steady rise in locally transmitted Covid-19 cases, the authorities are tightening safety measures in the community that will see outdoor barbecue pits and campsites closed and shopping malls needing to restrict the number of…

Covid-19: Social gatherings should be limited to 2 a day; public advised to meet regular contacts only

Social gatherings, be it with another household or in a public place, should be limited to two a day, MOH said on Fri following a rise in the number of Covid-19 cases in the community in recent weeks.…

New Covid-19 cluster forms after 2 household contacts of cleaner at care facility infected

A new Covid-19 cluster in the community has emerged after two more people linked to the 39-year-old Vietnamese cleaner were infected. MOH said the two new cases include the cleaner’s household contacts — one of whom also works…

Yale-NUS student tests positive for Covid-19, one hostel block is locked down

A student at Yale-NUS College has tested positive for Covid-19 and the students’ hostel that he was staying in has been locked down for a week, TODAY has learnt. In two emailed circulars from the Yale-NUS dean of…

Covid-19: Agencies to step up enforcement at F&B spots, parks and malls from May 1

With the increase in Covid-19 cases in migrant worker dormitories and in the community, government agencies will be stepping up enforcement checks at F&B premises, parks, malls and other hot spots starting from the May 1 weekend. MSE…

Mandatory theory test for e-scooter and e-bike users to start on June 30

All escooter and ebike riders will have to take a mandatory theory test that will be offered from June 30 before they will be allowed to use their devices, said LTA. The authority said in a FB post…

COVID-19: Staff placed on leave of absence, 4 wards locked down as Tan Tock Seng Hospital moves to contain cluster

A total of 76 members of staff at TTSH have been placed on leave of absence after a cluster of COVID-19 cases was detected, said the hospital’s CEO Dr Eugene Soh on Fri. He said the growing cluster…

Woman ‘going crazy’ over daily piano sounds from next door: Nuisance neighbours and what you can do

At first, Ms C thought it was “quite nice” to hear piano music coming from her neighbour’s home during the “circuit breaker” period, when people were ordered to stay in to curb the spread of COVID-19. Then about…

LTA hands over 6 Thomson East-Coast Line stations to SMRT ahead of Q3 opening

LTA on Fri handed over six MRT stations along the second stage of the TEL to train operator SMRT. This marks a key milestone in the lead-up to the opening of the second stage of the TEL in…

SCDF to outsource ‘straightforward’ fire safety enforcement checks

SCDF will outsource fire safety checks that are non-complex to a third-party provider from May 3. “In view of the increasing operational demands, coupled with manpower constraints, SCDF has decided to outsource straightforward enforcement checks to a third-party…

Nationwide parcel delivery locker network launched with over 200 lockers deployed

Consumers can pick up their online purchases round the clock at their own convenience near their homes with the launch of a nationwide parcel delivery locker network on Fri. For a start, over 200 lockers have been deployed…

New facility at ITE College East to let students experience solar energy tech

ITE electrical engg student Gabriel Rodriguez Santos, 17, will no longer need to pin his hopes on an internship to get hands-on experience in installing solar panels. Instead, he and his course mates in the Higher Nitec course…

Cash won’t go extinct amid digitalisation: E-payment veteran

With increased digitalisation spurred by the Covid-19 pandemic, will cash go the way of the dodo in Singapore? E-payment veteran Jeffrey Goh replied with a resounding “no”. Mr Goh, head of Grablink, a unit of SEA’s ride-hailing giant…

DBS to cut office space by 20% in next few years: CEO

DBS Group will cut office space across its markets by 20 per cent in the next four to five years as it adopts a hybrid work model and redesigns its work spaces to encourage more collaboration, CEO Piyush…

Mall shops, places of worship linked to TTSH cluster to close for 2 days

All public places visited by COVID-19 cases in TTSH cluster, including places of worship and those in at least nine malls, will be closed for two days for cleaning and to facilitate the testing of staff there for…

Singapore bars non-residents with recent travel in Bangladesh, Nepal, Pakistan and Sri Lanka

Long-term pass holders and short-term visitors with recent travel history to, or transited in, Bangladesh, Nepal, Pakistan and Sri Lanka will be barred from entering or transiting through Singapore from 11.59pm on Sat. On Fri, MOH said border…

‘Not possible to do business at all,’ owner says of closing Orchard Towers’ Baliba

Being branded a COVID-19 hotspot and high rental fees were big reasons why a Bali-themed bar at Orchard Towers decided to throw in the towel after 15 years. The mgmt behind the Baliba Pub and Cafe said today…

CDLHT reports 1% YoY rise in net property income for Q1, 2021

CDL Hospitality Trusts (CDLHT) reported a 1% rise in NPI in Q1 2021 to $19.8m. This was up from $19.6m a year ago and comes despite ‘sharp declines’ RevPAR for those hotels which are either closed on a…

Mapletree Industrial Trust distributable net property income up 11.3%

Mapletree Industrial Trust (MIT) reported a distributable NPI of $$295.26m for the fiscal year of 2020/2021. This is 11.3% higher than the distributable NPI of $265.33m recorded for the same period last year. “Y20/21 was fraught with uncertainty…

Will CICT exit One George Street?

In a message to unitholders in its annual report, the manager of CapitaLand Integrated Commercial Trust (CICT) had indicated in Feb that the newly merged trust will be looking to optimise its portfolio. Tony Tan Tee Hieong, CEO…

DBS Research says banks’ office downsizing ‘less than projected’

Financial firms are expected to return less office space than DBS Group Research had earlier projected. “(It’s) darkest before dawn. Most of the negative news on major occupiers space rationalisation is out, in our view,” the brokerage said…

Few takers for business event venues despite raised capacity cap

With the loosening of business event capacity restrictions in Mar, corporates are starting to explore physical meetings once again, but an increase in enquiries at venues has translated to actual bookings for only a few. Out of 10…

Kimly unit in joint venture to run coffee shops in Bukit Batok, Serangoon North

Kimly has entered into a JV agreement through its wholly-owned subsidiary Kimly Makan Place to manage two coffee shops in Bukit Batok and Serangoon North, the coffee shop operator said on Thurs. The coffee shops are located at…

Frasers Hospitality CEO to step down, Frasers Property group CEO to take over reins

Koh Teck Chuan will be retiring from his role of CEO of Frasers Hospitality, the wholly-owned subsidiary of Frasers Property which operates serviced residences including the Gold-Standard Fraser Suites, Fraser Place and Fraser Residence, Modena by Fraser, and…

Frasers Hospitality Trust reports 46% y-o-y drop in DPS for 1H21 to 0.179 cents

Frasers Hospitality Trust (FHT) has posted a DPS of 0.179 cents for the 1HFY2021 ended Mar, representing a 45.5% drop y-o-y. Gross revenue dropped 36.2% y-o-y to $39.9 million, as the business continues to be impacted by the…

Far East Hospitality Trust reports 8.4% y-o-y dip in NPI in 1Q21 business update

Far East Hospitality Trust (FEHT) has posted 1QFY2021 ended Mar distributable income of $12.5 million, down 1% y-o-y from $12.7 million previously. NPI for the period was $18.2 million, down 8.4% y-o-y from $19.9 million the year before.…

Biomimicry: When nature and tech work together

Clearing land for construction destroys natural habitats, especially the soil. When the topsoil is removed, the soil loses its ability to regulate water flow, provide nutrients, and fight pests and diseases. The off-site negative impact includes affecting soil…

Industrial-style semi-detached house at Greenbank Park for sale at $9.98 mil

It was love at first sight for the owner of a semi-detached home when she visited its land plot in 2017. Already searching for a home in Greenbank Park, in the Bukit Timah area, she set her eyes…

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